Saigon - Hanoi Securities JSCHSTC:SHS 77 Pretax Margin % is 115.57% as of Mar. 2026, which is 47% above its 10-year median of 78.71. GuruFocus rates HSTC:SHS with a GF Score™ of 77/100 and a GF Value™ of ₫23,770.42 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,570 Asset Management companies, Saigon - Hanoi Securities JSC ranks better than 89.11% on this metric.
The historical rank and industry rank for Saigon - Hanoi Securities JSC's Pretax Margin % or its related term are showing as below:
HSTC:SHS'
s Pretax Margin % Range Over the Past 10 Years
Min: 24.24 Med: 78.71 Max: 132.4
Current: 123.62
HSTC:SHS's Pretax Margin % is ranked better than 89.11% of 1570
companies
in the Asset Management industry
Industry Median: 89.62
vs HSTC:SHS: 123.62
Saigon - Hanoi Securities JSC (HSTC:SHS) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Saigon - Hanoi Securities JSC Pretax Margin % Related Terms
Saigon - Hanoi Securities JSC Pretax Margin % 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.
Saigon - Hanoi Securities JSC Pretax Margin % Chart
HSTC:SHS vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Saigon - Hanoi Securities JSC's Pretax Margin %, along with its competitors' market caps and Pretax 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.
Saigon - Hanoi Securities JSC Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Saigon - Hanoi Securities JSC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Saigon - Hanoi Securities JSC's Pretax 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.
Saigon - Hanoi Securities JSC (HSTC:SHS) has a Pretax Margin % of 115.57% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Saigon - Hanoi Securities JSC and its competitors. This is 47% above median its historical median of 78.71. Over the past decade, Saigon - Hanoi Securities JSC's Pretax Margin % has ranged from 24.24 to 132.40. According to the industry distribution chart, Saigon - Hanoi Securities JSC ranks #171 out of 1570 companies in the Asset Management industry, placing it in the top 10.9%.
Is Saigon - Hanoi Securities JSC's Pretax Margin % too high?
Saigon - Hanoi Securities JSC's current Pretax Margin % of 115.57% is 47% above median its 10-year median of 78.71. Over the past 10 years, this metric has ranged from a low of 24.24 to a high of 132.40. The Asset Management industry median Pretax Margin % is 89.62. Saigon - Hanoi Securities JSC's value of 115.57% is 29% above this industry median. Based on the distribution chart, Saigon - Hanoi Securities JSC ranks #171 out of 1570 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Saigon - Hanoi Securities JSC has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saigon - Hanoi Securities JSC's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Saigon - Hanoi Securities JSC ranks #171 out of 1570 companies for Pretax Margin %. This places Saigon - Hanoi Securities JSC in the top 11% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.62. Saigon - Hanoi Securities JSC's value of 115.57% is 29% above this benchmark. Historically, Saigon - Hanoi Securities JSC's own Pretax Margin % has ranged from 24.24 to 132.40 over the past decade. While the company's 10-year median is 78.71 vs. the industry median of 89.62, Saigon - Hanoi Securities 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.62, based on 1,570 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saigon - Hanoi Securities JSC's current Pretax Margin % of 115.57% is 29% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Saigon - Hanoi Securities JSC and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saigon - Hanoi Securities JSC's current Pretax Margin % is 115.57%, which is 47% above median its own 10-year median of 78.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saigon - Hanoi Securities JSC stock overvalued right now?
Based on GuruFocus' analysis, Saigon - Hanoi Securities JSC (HSTC:SHS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫23,770.42, compared to a current price of ₫18,800.00 — trading 20.9% below its estimated fair value. The current Pretax Margin % is 115.57%, which is 47% above median its 10-year median of 78.71 and 29% above the Asset Management industry median of 89.62. Saigon - Hanoi Securities JSC's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Saigon - Hanoi Securities JSC (HSTC:SHS), the current Pretax Margin % is 115.57% 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 Saigon - Hanoi Securities JSC (HSTC:SHS) Overvalued in 2026?
Based on GuruFocus' analysis, Saigon - Hanoi Securities JSC stock appears to be undervalued.
The current stock price of ₫18,800.00 is trading 20.9% below its estimated GF Value™ of ₫23,770.42.
GuruFocus considers Saigon - Hanoi Securities JSC to be Modestly Undervalued.
Key valuation signals for HSTC:SHS:
Pretax Margin %: 115.57% (47% above median its 10-year median of 78.71)
GF Value™: ₫23,770.42 vs. price of ₫18,800.00 (20.9% below fair value)
Industry Position: 29% above the Asset Management median (#171 of 1570)
No single metric tells the full story. See the HSTC:SHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saigon - Hanoi Securities JSC Business Description
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