VinFast AutoVFS -1.91%44 Gross Margin % is -73.58% as of Mar. 2026. 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 1,313 Vehicles & Parts companies, VinFast Auto ranks worse than 99.24% on this metric.
The historical rank and industry rank for VinFast Auto's Gross Margin % or its related term are showing as below:
VFS'
s Gross Margin % Range Over the Past 10 Years
Min: -93.67 Med: -53.3 Max: -45.37
Current: -53.8
During the past 6 years, the highestGross Margin % of VinFast Auto was -45.37%. The lowest was -93.67%. And the median was -53.30%.
VFS's Gross Margin % is ranked worse than 99.24% of 1313
companies
in the Vehicles & Parts industry
Industry Median: 19.84
vs VFS: -53.80
VinFast Auto had a gross margin of -73.58% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for VinFast Auto was 2.90% per year.
VinFast Auto (NAS:VFS) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
VinFast Auto had a gross margin of -73.58% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
VinFast Auto Gross Margin % Related Terms
VinFast Auto Gross Margin % Historical Data
* Premium members only.
The historical data trend for VinFast Auto's Gross Margin % 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 Auto Manufacturers subindustry, VinFast Auto's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, VinFast Auto's Gross Margin % distribution charts can be found below:
* The bar in red indicates where VinFast Auto's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
VinFast Auto (VFS) has a Gross Margin % of -73.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on VinFast Auto and its competitors. According to the industry distribution chart, VinFast Auto ranks #1303 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 99.2%.
Is VinFast Auto's Gross Margin % too high?
VinFast Auto's current Gross Margin % is -73.58%. Based on the distribution chart, VinFast Auto ranks #1303 out of 1313 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 Gross Margin % compare to LCID and NIO?
According to the Vehicles & Parts industry distribution chart, VinFast Auto ranks #1303 out of 1313 companies for Gross Margin %. This places VinFast Auto in the lower half of its industry. The industry median Gross Margin % is 19.84. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,313 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on VinFast Auto and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VinFast Auto's current Gross Margin % is -73.58%. 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 $3.09 — trading 74% below its estimated fair value. The current Gross Margin % is -73.58%. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For VinFast Auto (VFS), the current Gross Margin % is -73.58% as of Mar. 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 $3.09 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:
Gross Margin %: -73.58%
GF Value™: $11.85 vs. price of $3.09 (74% below fair value)
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
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