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Vinhomes JSCSTC:VHM -4.58%89 Piotroski F-Score is 6 as of Aug. 09, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates STC:VHM with a GF Score™ of 89/100 and a GF Value™ of ₫63,084.25 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,753 Real Estate companies, Vinhomes JSC ranks better than 78.89% 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
Vinhomes JSC 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 Vinhomes JSC's Piotroski F-Score or its related term are showing as below:
STC:VHM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 6
During the past 9 years, the highest Piotroski F-Score of Vinhomes JSC was 8. The lowest was 2. 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.
Vinhomes JSC Piotroski F-Score Related Terms
Vinhomes JSC Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Vinhomes JSC'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.
For the Real Estate - Development subindustry, Vinhomes JSC'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.
Vinhomes JSC Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Vinhomes JSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Vinhomes JSC'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 4183929 + 26726226 + 25551946 + 22583150 = ₫79,045,251 Mil. Cash Flow from Operations was 1814555 + -1719228 + 37220145 + 52247809 = ₫89,563,281 Mil. Revenue was 16419972 + 103009532 + 65114237 + 52721631 = ₫237,265,372 Mil. Gross Profit was 2465661 + 33622490 + 31369586 + 34732371 = ₫102,190,108 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(658041377 + 768264553 + 787857267 + 869974503 + 1110736206) / 5 = ₫838974781.2 Mil. Total Assets at the begining of this year (Jun25) was ₫658,041,377 Mil. Long-Term Debt & Capital Lease Obligation was ₫152,367,244 Mil. Total Current Assets was ₫679,446,005 Mil. Total Current Liabilities was ₫579,131,000 Mil.
Net Income was 7866076 + 12159164 + 2688952 + 7508039 = ₫30,222,231 Mil.
Revenue was 33323142 + 32413479 + 15697917 + 18315505 = ₫99,750,043 Mil. Gross Profit was 9751226 + 12753374 + 5157929 + 3821896 = ₫31,484,425 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(494460750 + 524684352 + 564209360 + 561503558 + 658041377) / 5 = ₫560579879.4 Mil. Total Assets at the begining of last year (Jun24) was ₫494,460,750 Mil. Long-Term Debt & Capital Lease Obligation was ₫44,093,265 Mil. Total Current Assets was ₫379,834,393 Mil. Total Current Liabilities was ₫276,535,364 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.
Vinhomes JSC's current Net Income (TTM) was 79,045,251.
==> 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.
Vinhomes JSC's return on assets of this year was 0.12012201. Vinhomes JSC's return on assets of last year was 0.0611216.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Vinhomes JSC's gearing of this year was 0.18161123. Vinhomes JSC's gearing of last year was 0.07865652.
==> Last year is lower than this year ==> Score 0.
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
Vinhomes JSC's current ratio of this year was 1.17321643. Vinhomes JSC's current ratio of last year was 1.37354727.
==> 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.
Vinhomes JSC's number of shares in issue this year was 8215.042. Vinhomes JSC's number of shares in issue last year was 8214.485.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Vinhomes JSC's gross margin of this year was 0.43069963. Vinhomes JSC's gross margin of last year was 0.3156332.
==> 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
Vinhomes JSC's asset turnover of this year was 0.360563. Vinhomes JSC's asset turnover of last year was 0.20173501.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Vinhomes JSC has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Vinhomes JSC (STC:VHM) has a Piotroski F-Score of 6 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vinhomes JSC and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Vinhomes JSC's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Vinhomes JSC ranks #370 out of 1753 companies in the Real Estate industry, placing it in the top 21.1%.
Is Vinhomes JSC's Piotroski F-Score too high?
Vinhomes JSC's 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 2.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Vinhomes JSC's value of 6 is 20% above this industry median. Based on the distribution chart, Vinhomes JSC ranks #370 out of 1753 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Vinhomes JSC has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinhomes JSC's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Vinhomes JSC ranks #370 out of 1753 companies for Piotroski F-Score. This places Vinhomes JSC in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Vinhomes JSC's value of 6 is 20% above this benchmark. Historically, Vinhomes JSC's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Vinhomes JSC 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,753 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. Vinhomes JSC'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 Vinhomes JSC and its competitors. For the Real Estate 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. Vinhomes JSC'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 Vinhomes JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinhomes JSC (STC:VHM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫63,084.25, compared to a current price of ₫73,000.00 — trading 15.7% above 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 Real Estate industry median of 5.00. Vinhomes JSC's overall GF Score™ is 89/100 with 7 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 Vinhomes JSC (STC:VHM), the current Piotroski F-Score is 6 as of Aug. 09, 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 Vinhomes JSC (STC:VHM) Overvalued in 2026?
Based on GuruFocus' analysis, Vinhomes JSC stock appears to be overvalued.
The current stock price of ₫73,000.00 is trading 15.7% above its estimated GF Value™ of ₫63,084.25.
GuruFocus considers Vinhomes JSC to be Modestly Overvalued.
Key valuation signals for STC:VHM:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: ₫63,084.25 vs. price of ₫73,000.00 (15.7% above fair value)
Industry Position: 20% above the Real Estate median (#370 of 1753)
No single metric tells the full story. See the STC:VHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vinhomes JSC is a real estate development company. The current principal activities of the Company are to develop real estate property for sale, provide leasing of offices, render real estate management and related services, provide general contractor services, consulting and designing construction services, supervision and construction management services. The company has following operating segments: Sales of inventory properties: include the transfer of properties being constructed for sale at the Company and its subsidiaries' real estate projects; Rendering consultancy and general construction contractor services: includes general contractor to investors; construction consultancy and supervision and related services; Other business activities.
89GF Score
Get the complete analysis for STC:VHM
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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