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Phu Hung SecuritiesHSTC:PHS 79 Piotroski F-Score is 6 as of Jul. 14, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates HSTC:PHS with a GF Score™ of 79/100 and a GF Value™ of ₫11,892.15 (Fairly Valued). The stock has 5 warning signs investors should review. Among 785 Capital Markets companies, Phu Hung Securities ranks better than 81.78% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Phu Hung Securities has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Phu Hung Securities's Piotroski F-Score or its related term are showing as below:
HSTC:PHS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 6
During the past 7 years, the highest Piotroski F-Score of Phu Hung Securities was 7. The lowest was 3. And the median was 5.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Phu Hung Securities Piotroski F-Score Related Terms
Phu Hung Securities Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Phu Hung Securities's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HSTC:PHS vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Phu Hung Securities's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Phu Hung Securities Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Phu Hung Securities's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Phu Hung Securities's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 15582.343 + 41195.969 + 21638.905 + 3507.545 = ₫81,925 Mil. Cash Flow from Operations was 102276.775 + -372144.534 + -101274.948 + -163242.165 = ₫-534,385 Mil. Revenue was 119667.278 + 156336.913 + 157180.37 + 144133.312 = ₫577,318 Mil. Gross Profit was 65850.614 + 86483.894 + 87131.176 + 90813.527 = ₫330,279 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4804592.752 + 5014664.417 + 5827892.793 + 5584214.878 + 5813973.463) / 5 = ₫5409067.6606 Mil. Total Assets at the begining of this year (Mar25) was ₫4,804,593 Mil. Long-Term Debt & Capital Lease Obligation was ₫0 Mil. Total Current Assets was ₫5,503,133 Mil. Total Current Liabilities was ₫3,667,639 Mil.
Net Income was -526.637 + -10683.122 + -1311.792 + 14903.136 = ₫2,382 Mil.
Revenue was 115206.89 + 97809.195 + 94333.083 + 101837.925 = ₫409,187 Mil. Gross Profit was 58591.967 + 47529.062 + 46331.072 + 54504.119 = ₫206,956 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3841256.057 + 3655073.174 + 3544852.469 + 3931365.369 + 4804592.752) / 5 = ₫3955427.9642 Mil. Total Assets at the begining of last year (Mar24) was ₫3,841,256 Mil. Long-Term Debt & Capital Lease Obligation was ₫0 Mil. Total Current Assets was ₫4,726,087 Mil. Total Current Liabilities was ₫2,720,457 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Phu Hung Securities's current Net Income (TTM) was 81,925.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Phu Hung Securities's current Cash Flow from Operations (TTM) was -534,385.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Phu Hung Securities's return on assets of this year was 0.01705134. Phu Hung Securities's return on assets of last year was 0.00062.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Phu Hung Securities's gearing of this year was 0. Phu Hung Securities's gearing of last year was 0.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Phu Hung Securities's current ratio of this year was 1.5004567. Phu Hung Securities's current ratio of last year was 1.73724012.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Phu Hung Securities's number of shares in issue this year was 200.009. Phu Hung Securities's number of shares in issue last year was 200.009.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Phu Hung Securities's gross margin of this year was 0.57209248. Phu Hung Securities's gross margin of last year was 0.50577407.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Phu Hung Securities's asset turnover of this year was 0.12015959. Phu Hung Securities's asset turnover of last year was 0.10652429.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Phu Hung Securities has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Phu Hung Securities (HSTC:PHS) has a Piotroski F-Score of 6 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Phu Hung Securities and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Phu Hung Securities' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Phu Hung Securities ranks #143 out of 785 companies in the Capital Markets industry, placing it in the top 18.2%.
Is Phu Hung Securities' Piotroski F-Score too high?
Phu Hung Securities' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. Phu Hung Securities' value of 6 is 20% above this industry median. Based on the distribution chart, Phu Hung Securities ranks #143 out of 785 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Phu Hung Securities has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phu Hung Securities' Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Phu Hung Securities ranks #143 out of 785 companies for Piotroski F-Score. This places Phu Hung Securities in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Phu Hung Securities' value of 6 is 20% above this benchmark. Historically, Phu Hung Securities' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Phu Hung Securities has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phu Hung Securities's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Phu Hung Securities and its competitors. For the Capital Markets industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phu Hung Securities's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phu Hung Securities stock overvalued right now?
Based on GuruFocus' analysis, Phu Hung Securities (HSTC:PHS) is currently considered Fairly Valued. The stock's GF Value™ is ₫11,892.15, compared to a current price of ₫10,800.00 — trading 9.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Capital Markets industry median of 5.00. Phu Hung Securities' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Phu Hung Securities (HSTC:PHS), the current Piotroski F-Score is 6 as of Jul. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Phu Hung Securities (HSTC:PHS) Overvalued in 2026?
Based on GuruFocus' analysis, Phu Hung Securities stock appears to be undervalued.
The current stock price of ₫10,800.00 is trading 9.2% below its estimated GF Value™ of ₫11,892.15.
GuruFocus considers Phu Hung Securities to be Fairly Valued.
Key valuation signals for HSTC:PHS:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: ₫11,892.15 vs. price of ₫10,800.00 (9.2% below fair value)
Industry Position: 20% above the Capital Markets median (#143 of 785)
No single metric tells the full story. See the HSTC:PHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phu Hung Securities Corp provides financial trading services. The principal activities of the Company include carrying out securities brokerage, securities trading, securities investment advisory, margin loan, securities custody, and securities underwriting. The company operates into four business segments: Securities brokerage, Securities trading, Treasury activities and others, out of which it generates maximum revenue from the Treasury Activities Segment.
79GF Score
Get the complete analysis for HSTC:PHS
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