Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Viet Nam Joint Stock Commercial Bank For Industry And Trade has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) Piotroski F-Score Explanation
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.
Viet Nam Joint Stock Commercial Bank For Industry And Trade Piotroski F-Score Related Terms
Viet Nam Joint Stock Commercial Bank For Industry And Trade Piotroski F-Score Historical Data
* 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.
Viet Nam Joint Stock Commercial Bank For Industry And Trade Piotroski F-Score Chart
Viet Nam Joint Stock Commercial Bank For Industry And Trade Annual Data
* 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.
Viet Nam Joint Stock Commercial Bank For Industry And Trade Piotroski F-Score vs Banks Industry
* 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 9669885 + 8448784 + 11053113 + 8916979 = ₫38,088,761 Mil. Cash Flow from Operations was 27095891 + 66687886 + -2378836 + 127479653 = ₫218,884,594 Mil. Revenue was 21289246 + 22957901 + 24032777 + 25438256 = ₫93,718,180 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2469863401 + 2609788006 + 2761550938 + 2767699300 + 2924176928) / 5 = ₫2706615714.6 Mil. Total Assets at the begining of this year (Mar25) was ₫2,469,863,401 Mil. Long-Term Debt & Capital Lease Obligation was ₫170,456,191 Mil. Total Assets was ₫2,924,176,928 Mil. Total Liabilities was ₫2,735,484,770 Mil.
Net Income was 5365295 + 5225859 + 9798251 + 5418875 = ₫25,808,280 Mil.
Revenue was 20691425 + 22330653 + 21587070 + 20569265 = ₫85,178,413 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2077615056 + 2161429485 + 2229791111 + 2385387732 + 2469863401) / 5 = ₫2264817357 Mil. Total Assets at the begining of last year (Mar24) was ₫2,077,615,056 Mil. Long-Term Debt & Capital Lease Obligation was ₫224,110,876 Mil. Total Assets was ₫2,469,863,401 Mil. Total Liabilities was ₫2,315,881,229 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.
Viet Nam Joint Stock Commercial Bank For Industry And Trade's current Net Income (TTM) was 38,088,761.
==> 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.
Viet Nam Joint Stock Commercial Bank For Industry And Trade's current Cash Flow from Operations (TTM) was 218,884,594.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Viet Nam Joint Stock Commercial Bank For Industry And Trade's return on assets of this year was 0.0154214. Viet Nam Joint Stock Commercial Bank For Industry And Trade's return on assets of last year was 0.01242207.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Viet Nam Joint Stock Commercial Bank For Industry And Trade's gearing of this year was 0.06297761. Viet Nam Joint Stock Commercial Bank For Industry And Trade's gearing of last year was 0.09895318.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Viet Nam Joint Stock Commercial Bank For Industry And Trade's current ratio of this year was 1.06897942. Viet Nam Joint Stock Commercial Bank For Industry And Trade's current ratio of last year was 1.06648967.
==> This year's current ratio is higher. ==> Score 1.
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.
Viet Nam Joint Stock Commercial Bank For Industry And Trade's number of shares in issue this year was 7766.945. Viet Nam Joint Stock Commercial Bank For Industry And Trade's number of shares in issue last year was 7766.973.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Viet Nam Joint Stock Commercial Bank For Industry And Trade's net margin of this year was 0.40641806. Viet Nam Joint Stock Commercial Bank For Industry And Trade's net margin of last year was 0.30299085.
==> This year's net 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
Viet Nam Joint Stock Commercial Bank For Industry And Trade's asset turnover of this year was 0.03794468. Viet Nam Joint Stock Commercial Bank For Industry And Trade's asset turnover of last year was 0.04099817.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Viet Nam Joint Stock Commercial Bank For Industry And Trade has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Viet Nam Joint Stock Commercial Bank For Industry And Trade and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Viet Nam Joint Stock Commercial Bank For Industry And Trade's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Viet Nam Joint Stock Commercial Bank For Industry And Trade ranks #109 out of 1501 companies in the Banks industry, placing it in the top 7.3%.
Is Viet Nam Joint Stock Commercial Bank For Industry And Trade's Piotroski F-Score too high?
Viet Nam Joint Stock Commercial Bank For Industry And Trade's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Banks industry median Piotroski F-Score is 6.00. Viet Nam Joint Stock Commercial Bank For Industry And Trade's value of 8 is 33.3% above this industry median. Based on the distribution chart, Viet Nam Joint Stock Commercial Bank For Industry And Trade ranks #109 out of 1501 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Viet Nam Joint Stock Commercial Bank For Industry And Trade has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Joint Stock Commercial Bank For Industry And Trade's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, Viet Nam Joint Stock Commercial Bank For Industry And Trade ranks #109 out of 1501 companies for Piotroski F-Score. This places Viet Nam Joint Stock Commercial Bank For Industry And Trade in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Viet Nam Joint Stock Commercial Bank For Industry And Trade's value of 8 is 33.3% above this benchmark. Historically, Viet Nam Joint Stock Commercial Bank For Industry And Trade's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Viet Nam Joint Stock Commercial Bank For Industry And Trade 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,501 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. Viet Nam Joint Stock Commercial Bank For Industry And Trade's current Piotroski F-Score of 8 is 33.3% 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 Viet Nam Joint Stock Commercial Bank For Industry And Trade and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Joint Stock Commercial Bank For Industry And Trade's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Joint Stock Commercial Bank For Industry And Trade stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) is currently considered Fairly Valued. The stock's GF Value™ is ₫32,002.62, compared to a current price of ₫33,600.00 — trading 5% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the Banks industry median of 6.00. Viet Nam Joint Stock Commercial Bank For Industry And Trade's overall GF Score™ is 72/100. 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 Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG), the current Piotroski F-Score is 8 as of Jun. 28, 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 Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) Overvalued in 2026?
Based on GuruFocus' analysis, Viet Nam Joint Stock Commercial Bank For Industry And Trade stock appears to be overvalued.
The current stock price of ₫33,600.00 is trading 5% above its estimated GF Value™ of ₫32,002.62.
GuruFocus considers Viet Nam Joint Stock Commercial Bank For Industry And Trade to be Fairly Valued.
Key valuation signals for STC:CTG:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: ₫32,002.62 vs. price of ₫33,600.00 (5% above fair value)
Industry Position: 33.3% above the Banks median (#109 of 1501)
No single metric tells the full story. See the STC:CTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viet Nam Joint Stock Commercial Bank For Industry And Trade Business Description
Viet Nam Joint Stock Commercial Bank For Industry And Trade is a Vietnam based banking service provider. The company's operating segment include Banking financial services, Non-banking financial services, and Others. It generates maximum revenue from the Banking financial services segment. The company provides banking services including mobilizing and receiving short, medium and long-term deposits from organizations or individuals; making short, medium and long term loans and advances to organizations and individuals; conducting foreign exchange transactions, international trade finance services, discounting of commercial papers, bonds and other valuable papers and other services.
72GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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