Vinhomes JSCSTC:VHM 89 Net Margin % is 39.24% as of Mar. 2026, which is 6% above its 10-year median of 36.94. GuruFocus rates STC:VHM with a GF Score™ of 89/100 and a GF Value™ of ₫110,832.99 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,755 Real Estate companies, Vinhomes JSC ranks better than 76.41% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Vinhomes JSC's Net Income for the
three
months ended in Mar. 2026 was ₫25,551,946 Mil. Vinhomes JSC's Revenue for the
three
months ended in Mar. 2026 was ₫65,114,237 Mil. Therefore, Vinhomes JSC's net margin for the quarter that ended in Mar. 2026 was 39.24%.
The historical rank and industry rank for Vinhomes JSC's Net Margin % or its related term are showing as below:
STC:VHM'
s Net Margin % Range Over the Past 10 Years
Min: 9.21 Med: 36.94 Max: 46.21
Current: 31.45
STC:VHM's Net Margin % is ranked better than 76.41% of 1755
companies
in the Real Estate industry
Industry Median: 8.04
vs STC:VHM: 31.45
Vinhomes JSC (STC:VHM) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Vinhomes JSC Net Margin % Related Terms
Vinhomes JSC Net Margin % Historical Data
* Premium members only.
The historical data trend for Vinhomes JSC's Net 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 Real Estate - Development subindustry, Vinhomes JSC's Net Margin %, along with its competitors' market caps and Net 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.
Vinhomes JSC Net Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Vinhomes JSC's Net Margin % distribution charts can be found below:
* The bar in red indicates where Vinhomes JSC's Net 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.
Vinhomes JSC (STC:VHM) has a Net Margin % of 39.24% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Vinhomes JSC and its competitors. This is near median its historical median of 36.94. Over the past decade, Vinhomes JSC's Net Margin % has ranged from 9.21 to 46.21. According to the industry distribution chart, Vinhomes JSC ranks #414 out of 1755 companies in the Real Estate industry, placing it in the top 23.6%.
Is Vinhomes JSC's Net Margin % too high?
Vinhomes JSC's current Net Margin % of 39.24% is near median its 10-year median of 36.94. Over the past 10 years, this metric has ranged from a low of 9.21 to a high of 46.21. The Real Estate industry median Net Margin % is 8.04. Vinhomes JSC's value of 39.24% is 388.1% above this industry median. Based on the distribution chart, Vinhomes JSC ranks #414 out of 1755 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 Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinhomes JSC's Net Margin % compare to competitors?
According to the Real Estate industry distribution chart, Vinhomes JSC ranks #414 out of 1755 companies for Net Margin %. This places Vinhomes JSC in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 8.04. Vinhomes JSC's value of 39.24% is 388.1% above this benchmark. Historically, Vinhomes JSC's own Net Margin % has ranged from 9.21 to 46.21 over the past decade. While the company's 10-year median is 36.94 vs. the industry median of 8.04, 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 Net Margin % for a Real Estate company?
The median Net Margin % among Real Estate companies is 8.04, based on 1,755 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vinhomes JSC's current Net Margin % of 39.24% is 388.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Vinhomes JSC and its competitors. For the Real Estate industry, the median Net Margin % is 8.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinhomes JSC's current Net Margin % is 39.24%, which is near median its own 10-year median of 36.94. 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 Significantly Overvalued. The stock's GF Value™ is ₫110,832.99, compared to a current price of ₫156,000.00 — trading 40.8% above its estimated fair value. The current Net Margin % is 39.24%, which is near median its 10-year median of 36.94 and 388.1% above the Real Estate industry median of 8.04. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Vinhomes JSC (STC:VHM), the current Net Margin % is 39.24% 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 Vinhomes JSC (STC:VHM) Overvalued in 2026?
Based on GuruFocus' analysis, Vinhomes JSC stock appears to be overvalued.
The current stock price of ₫156,000.00 is trading 40.8% above its estimated GF Value™ of ₫110,832.99.
GuruFocus considers Vinhomes JSC to be Significantly Overvalued.
Key valuation signals for STC:VHM:
Net Margin %: 39.24% (near median its 10-year median of 36.94)
GF Value™: ₫110,832.99 vs. price of ₫156,000.00 (40.8% above fair value)
Industry Position: 388.1% above the Real Estate median (#414 of 1755)
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
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