"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Ho Chi Minh City Infrastructure Investment JSC's Owner Earnings per Share (TTM) ended in Mar. 2026 was â‚«196.09. It's Price-to-Owner-Earnings ratio for today is 82.36.
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Ho Chi Minh City Infrastructure Investment JSC Owner Earnings per Share (TTM) Related Terms
Ho Chi Minh City Infrastructure Investment JSC Owner Earnings per Share (TTM) Historical Data
* 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.
Ho Chi Minh City Infrastructure Investment JSC Owner Earnings per Share (TTM) Chart
Ho Chi Minh City Infrastructure Investment JSC Annual Data
STC:CII vs PWR, FIX, EME: Owner Earnings per Share (TTM) Comparison
For the Engineering & Construction subindustry, Ho Chi Minh City Infrastructure Investment JSC's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
Ho Chi Minh City Infrastructure Investment JSC Price-to-Owner-Earnings vs Construction Industry
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
Ho Chi Minh City Infrastructure Investment JSC's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was â‚«0 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = â‚«362,433 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
Ho Chi Minh City Infrastructure Investment JSC's 5-Year Average Maintenance Capital Expenditure = â‚«362,433 Mil
5. "Change In Working Capital" is from cashflow statement. Ho Chi Minh City Infrastructure Investment JSC's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was â‚«-586,873 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.
* 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.
What does a Owner Earnings per Share (TTM) of 196.09 mean?
Ho Chi Minh City Infrastructure Investment JSC (STC:CII) has a Owner Earnings per Share (TTM) of 196.09 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Ho Chi Minh City Infrastructure Investment JSC. This is 1628% above median its historical median of 11.35. Over the past decade, Ho Chi Minh City Infrastructure Investment JSC's Owner Earnings per Share (TTM) has ranged from 1.80 to 98.42. According to the industry distribution chart, Ho Chi Minh City Infrastructure Investment JSC ranks #776 out of 849 companies in the Construction industry, placing it in the top 91.4%.
Is Ho Chi Minh City Infrastructure Investment JSC's Owner Earnings per Share (TTM) too high?
Ho Chi Minh City Infrastructure Investment JSC's current Owner Earnings per Share (TTM) of 196.09 is 1628% above median its 10-year median of 11.35. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 98.42. The Construction industry median Owner Earnings per Share (TTM) is 13.65. Ho Chi Minh City Infrastructure Investment JSC's value of 196.09 is 1336.6% above this industry median. Based on the distribution chart, Ho Chi Minh City Infrastructure Investment JSC ranks #776 out of 849 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ho Chi Minh City Infrastructure Investment JSC has a GF Scoreâ„¢ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ho Chi Minh City Infrastructure Investment JSC's Owner Earnings per Share (TTM) compare to PWR and FIX?
According to the Construction industry distribution chart, Ho Chi Minh City Infrastructure Investment JSC ranks #776 out of 849 companies for Owner Earnings per Share (TTM). This places Ho Chi Minh City Infrastructure Investment JSC in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.65. Ho Chi Minh City Infrastructure Investment JSC's value of 196.09 is 1336.6% above this benchmark. Historically, Ho Chi Minh City Infrastructure Investment JSC's own Owner Earnings per Share (TTM) has ranged from 1.80 to 98.42 over the past decade. While the company's 10-year median is 11.35 vs. the industry median of 13.65, Ho Chi Minh City Infrastructure Investment 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 Owner Earnings per Share (TTM) for a Construction company?
The median Owner Earnings per Share (TTM) among Construction companies is 13.65, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ho Chi Minh City Infrastructure Investment JSC's current Owner Earnings per Share (TTM) of 196.09 is 1336.6% 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Ho Chi Minh City Infrastructure Investment JSC. For the Construction industry, the median Owner Earnings per Share (TTM) is 13.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ho Chi Minh City Infrastructure Investment JSC's current Owner Earnings per Share (TTM) is 196.09, which is 1628% above median its own 10-year median of 11.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ho Chi Minh City Infrastructure Investment JSC stock overvalued right now?
Based on GuruFocus' analysis, Ho Chi Minh City Infrastructure Investment JSC (STC:CII) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫8,459.63, compared to a current price of ₫16,150.00 — trading 90.9% above its estimated fair value. The current Owner Earnings per Share (TTM) is 196.09, which is 1628% above median its 10-year median of 11.35 and 1336.6% above the Construction industry median of 13.65. Ho Chi Minh City Infrastructure Investment JSC's overall GF Score™ is 57/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Ho Chi Minh City Infrastructure Investment JSC (STC:CII), the current Owner Earnings per Share (TTM) is 196.09 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 Ho Chi Minh City Infrastructure Investment JSC (STC:CII) Overvalued in 2026?
Based on GuruFocus' analysis, Ho Chi Minh City Infrastructure Investment JSC stock appears to be overvalued.
The current stock price of â‚«16,150.00 is trading 90.9% above its estimated GF Value™ of â‚«8,459.63.
GuruFocus considers Ho Chi Minh City Infrastructure Investment JSC to be Significantly Overvalued.
Key valuation signals for STC:CII:
Owner Earnings per Share (TTM): 196.09 (1628% above median its 10-year median of 11.35)
GF Value™: â‚«8,459.63 vs. price of â‚«16,150.00 (90.9% above fair value)
Industry Position: 1336.6% above the Construction median (#776 of 849)
No single metric tells the full story. See the STC:CII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ho Chi Minh City Infrastructure Investment JSC Business Description
Ho Chi Minh City Infrastructure Investment JSC engages in construction, development, and operation of infrastructure projects. The investment activities of the company include bridge and road, water, and real estate. Some of the projects of the company include Hanoi highway expansion phrase 2, Saigon 2 bridge, rach chiec bridge, rach mieu bridge phrase 2, tan hiep 2 water plant project, diamond riverside building project, and lu gia building project.
57GF Score
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