Viet Nam Rubber Group (STC:GVR) Piotroski F-Score: 9 (As of Jul. 21, 2026) — 50% Above Median

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STC:GVR Viet Nam Rubber Group Ltd STC:GVR
85 GF Score
Price ₫27,900.00
GF Value ₫35,977.33
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Viet Nam Rubber Group Piotroski F-Score?

Viet Nam Rubber Group STC:GVR -6.06% 85 Piotroski F-Score is 9 as of Jul. 21, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates STC:GVR with a GF Score™ of 85/100 and a GF Value™ of ₫35,977.33 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,563 Chemicals companies, Viet Nam Rubber Group ranks better than 99.94% on this metric.

Good Sign:

Piotroski F-Score is 9, 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 Rubber Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Viet Nam Rubber Group's Piotroski F-Score or its related term are showing as below:

STC:GVR' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 9

During the past 8 years, the highest Piotroski F-Score of Viet Nam Rubber Group was 9. The lowest was 4. And the median was 6.

Viet Nam Rubber Group  (STC:GVR) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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 Rubber Group Piotroski F-Score Related Terms


Viet Nam Rubber Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Viet Nam Rubber Group'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.

Viet Nam Rubber Group Piotroski F-Score Chart

Viet Nam Rubber Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 7.00 5.00 6.00 7.00 9.00

Viet Nam Rubber Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 8.00 8.00 9.00 9.00

STC:GVR vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Viet Nam Rubber Group'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.


Viet Nam Rubber Group Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Viet Nam Rubber Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Viet Nam Rubber Group's Piotroski F-Score falls into.


STC:GVR
85GF Score
Viet Nam Rubber Group Ltd STC:GVR
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 1403971.689 + 1897263.225 + 1001028.183 + 2250751.648 = ₫6,553,015 Mil.
Cash Flow from Operations was 1330660.522 + 3572990.511 + 2605961.434 + 2626503.751 = ₫10,136,116 Mil.
Revenue was 6016671.527 + 9294402.677 + 8505654.929 + 8845157.077 = ₫32,661,886 Mil.
Gross Profit was 1626477.964 + 2648291.686 + 2482449.743 + 2336688.814 = ₫9,093,908 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(83239803.544 + 83508600.414 + 84839406.23 + 86282461.491 + 87178899.385) / 5 = ₫85009834.2128 Mil.
Total Assets at the begining of this year (Mar25) was ₫83,239,804 Mil.
Long-Term Debt & Capital Lease Obligation was ₫1,480,552 Mil.
Total Current Assets was ₫34,159,898 Mil.
Total Current Liabilities was ₫8,269,603 Mil.
Net Income was 863533.206 + 943784.294 + 1973132.981 + 1184647.986 = ₫4,965,098 Mil.

Revenue was 4622183.966 + 7715773.553 + 9300589.385 + 5676961.737 = ₫27,315,509 Mil.
Gross Profit was 1172522.603 + 1595557.307 + 3075758.175 + 1636979.509 = ₫7,480,818 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(76913141.376 + 76116620.475 + 78180705.631 + 83383682.512 + 83239803.544) / 5 = ₫79566790.7076 Mil.
Total Assets at the begining of last year (Mar24) was ₫76,913,141 Mil.
Long-Term Debt & Capital Lease Obligation was ₫2,605,099 Mil.
Total Current Assets was ₫28,554,103 Mil.
Total Current Liabilities was ₫10,057,698 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 Rubber Group's current Net Income (TTM) was 6,553,015. ==> 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 Rubber Group's current Cash Flow from Operations (TTM) was 10,136,116. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=6553014.745/83239803.544
=0.07872453

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4965098.467/76913141.376
=0.06455462

Viet Nam Rubber Group's return on assets of this year was 0.07872453. Viet Nam Rubber Group's return on assets of last year was 0.06455462. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Viet Nam Rubber Group's current Net Income (TTM) was 6,553,015. Viet Nam Rubber Group's current Cash Flow from Operations (TTM) was 10,136,116. ==> 10,136,116 > 6,553,015 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1480552.378/85009834.2128
=0.01741625

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2605099.283/79566790.7076
=0.03274104

Viet Nam Rubber Group's gearing of this year was 0.01741625. Viet Nam Rubber Group's gearing of last year was 0.03274104. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=34159898.484/8269602.595
=4.13077873

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=28554103.346/10057698.23
=2.83902964

Viet Nam Rubber Group's current ratio of this year was 4.13077873. Viet Nam Rubber Group's current ratio of last year was 2.83902964. ==> 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 Rubber Group's number of shares in issue this year was 4000. Viet Nam Rubber Group's number of shares in issue last year was 4000. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=9093908.207/32661886.21
=0.27842569

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7480817.594/27315508.641
=0.27386704

Viet Nam Rubber Group's gross margin of this year was 0.27842569. Viet Nam Rubber Group's gross margin of last year was 0.27386704. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=32661886.21/83239803.544
=0.39238303

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=27315508.641/76913141.376
=0.35514748

Viet Nam Rubber Group's asset turnover of this year was 0.39238303. Viet Nam Rubber Group's asset turnover of last year was 0.35514748. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+1+1
=9

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Viet Nam Rubber Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 9 mean?
Viet Nam Rubber Group (STC:GVR) has a Piotroski F-Score of 9 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Viet Nam Rubber Group and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Viet Nam Rubber Group's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Viet Nam Rubber Group ranks #1 out of 1563 companies in the Chemicals industry, placing it in the top 0.099999999999994%.
Is Viet Nam Rubber Group's Piotroski F-Score too high?
Viet Nam Rubber Group's current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Viet Nam Rubber Group's value of 9 is 80% above this industry median. Based on the distribution chart, Viet Nam Rubber Group ranks #1 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Viet Nam Rubber Group has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Rubber Group's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Viet Nam Rubber Group ranks #1 out of 1563 companies for Piotroski F-Score. This places Viet Nam Rubber Group in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Viet Nam Rubber Group's value of 9 is 80% above this benchmark. Historically, Viet Nam Rubber Group's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Viet Nam Rubber Group 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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 Rubber Group's current Piotroski F-Score of 9 is 80% 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 Rubber Group and its competitors. For the Chemicals 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. Viet Nam Rubber Group's current Piotroski F-Score is 9, which is 50% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Rubber Group stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Rubber Group (STC:GVR) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫35,977.33, compared to a current price of ₫27,900.00 — trading 22.5% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Chemicals industry median of 5.00. Viet Nam Rubber Group's overall GF Score™ is 85/100 with 1 warning sign 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 Viet Nam Rubber Group (STC:GVR), the current Piotroski F-Score is 9 as of Jul. 21, 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 Rubber Group (STC:GVR) Overvalued in 2026?

Based on GuruFocus' analysis, Viet Nam Rubber Group stock appears to be undervalued. The current stock price of ₫27,900.00 is trading 22.5% below its estimated GF Value™ of ₫35,977.33. GuruFocus considers Viet Nam Rubber Group to be Modestly Undervalued.

Key valuation signals for STC:GVR:

  • Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
  • GF Value™: ₫35,977.33 vs. price of ₫27,900.00 (22.5% below fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 80% above the Chemicals median (#1 of 1563)

No single metric tells the full story. See the STC:GVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viet Nam Rubber Group Business Description

Address 236 Nam Ky Khoi Nghia Street, District 3, Ho Chi Minh, VNM
Viet Nam Rubber Group Ltd is engaged in planting, maintaining, exploiting, processing, trading in rubber, wood processing and rubber industry in Vietnam. The company is also involved in the manufacturing, purchasing and selling of industrial products, natural rubber and others. The Group has invested in the industrial parks on rubber land of the group under the land use planning approved by the Government.
85GF Score

Get the complete analysis for STC:GVR

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫27,900.00
Price
₫35,977.33
GF Value