VinFast AutoVFS -1.91%44 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates VFS with a GF Score™ of 44/100 and a GF Value™ of $11.85 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,286 Vehicles & Parts companies, VinFast Auto ranks worse than 86.39% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
VinFast Auto has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for VinFast Auto's Piotroski F-Score or its related term are showing as below:
VFS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 6
Current: 3
During the past 6 years, the highest Piotroski F-Score of VinFast Auto was 6. The lowest was 3. And the median was 4.
VinFast Auto (NAS:VFS) 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.
VinFast Auto Piotroski F-Score Related Terms
VinFast Auto Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for VinFast Auto'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.
VFS vs LCID, NIO, PSNY: Piotroski F-Score Comparison
For the Auto Manufacturers subindustry, VinFast Auto'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.
VinFast Auto Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, VinFast Auto's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where VinFast Auto'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 -771.697 + -909.837 + -1422.292 + -1065.845 = $-4,170 Mil. Cash Flow from Operations was -440.637 + -424.882 + -250.303 + -507.165 = $-1,623 Mil. Revenue was 630.897 + 687.528 + 1487.578 + 877.863 = $3,684 Mil. Gross Profit was -259.24 + -386.21 + -690.619 + -645.923 = $-1,982 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6010.844 + 6892.816 + 6958.152 + 6936.814 + 7033.816) / 5 = $6766.4884 Mil. Total Assets at the begining of this year (Mar25) was $6,011 Mil. Long-Term Debt & Capital Lease Obligation was $2,052 Mil. Total Current Assets was $3,179 Mil. Total Current Liabilities was $6,661 Mil.
Net Income was -711.877 + -502.432 + -1161.399 + -671.255 = $-3,047 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.
VinFast Auto's current Net Income (TTM) was -4,170.
==> Negative ==> Score 0.
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.
VinFast Auto's return on assets of this year was -0.69369144. VinFast Auto's return on assets of last year was -0.55105963.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
VinFast Auto's gearing of this year was 0.30331316. VinFast Auto's gearing of last year was 0.19826908.
==> 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
VinFast Auto's current ratio of this year was 0.47723218. VinFast Auto's current ratio of last year was 0.38114302.
==> 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.
VinFast Auto's number of shares in issue this year was 2339.536. VinFast Auto's number of shares in issue last year was 2338.813.
==> 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.
VinFast Auto's gross margin of this year was -0.53801957. VinFast Auto's gross margin of last year was -0.50530596.
==> Last year's gross margin is higher ==> Score 0.
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
VinFast Auto's asset turnover of this year was 0.61287001. VinFast Auto's asset turnover of last year was 0.369587.
==> 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
=
0
+
0
+
0
+
1
+
0
+
1
+
0
+
0
+
1
=
3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
VinFast Auto has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
VinFast Auto (VFS) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on VinFast Auto and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, VinFast Auto's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, VinFast Auto ranks #1111 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 86.4%.
Is VinFast Auto's Piotroski F-Score too high?
VinFast Auto's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. VinFast Auto's value of 3 is 40% below this industry median. Based on the distribution chart, VinFast Auto ranks #1111 out of 1286 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, VinFast Auto has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VinFast Auto's Piotroski F-Score compare to LCID and NIO?
According to the Vehicles & Parts industry distribution chart, VinFast Auto ranks #1111 out of 1286 companies for Piotroski F-Score. This places VinFast Auto in the lower half of its industry. The industry median Piotroski F-Score is 5.00. VinFast Auto's value of 3 is 40% below this benchmark. Historically, VinFast Auto's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, VinFast Auto has consistently been below 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,286 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. VinFast Auto's current Piotroski F-Score of 3 is 40% below 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 VinFast Auto and its competitors. For the Vehicles & Parts 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. VinFast Auto's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VinFast Auto stock overvalued right now?
Based on GuruFocus' analysis, VinFast Auto (VFS) is currently considered Possible Value Trap. The stock's GF Value™ is $11.85, compared to a current price of $3.08 — trading 74% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Vehicles & Parts industry median of 5.00. VinFast Auto's overall GF Score™ is 44/100 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 VinFast Auto (VFS), the current Piotroski F-Score is 3 as of Jun. 25, 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 VinFast Auto (VFS) Overvalued in 2026?
Based on GuruFocus' analysis, VinFast Auto stock appears to be undervalued.
The current stock price of $3.08 is trading 74% below its estimated GF Value™ of $11.85.
GuruFocus considers VinFast Auto to be Possible Value Trap.
Key valuation signals for VFS:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: $11.85 vs. price of $3.08 (74% below fair value)
Industry Position: 40% below the Vehicles & Parts median (#1111 of 1286)
No single metric tells the full story. See the VFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VinFast Auto Ltd manufactures cars, and motor vehicles, renders leasing activities, trades smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully electric A- through E-segment SUVs. The Company has three reportable segments, namely Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus.
44GF Score
Get the complete analysis for VFS
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
VFS has been successfully added to your 
