Viet First SecuritiesHSTC:VFS -2.80%36 Pretax Margin % is 32.26% as of Mar. 2026, which is 47% below its 10-year median of 60.36. GuruFocus rates HSTC:VFS with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 776 Capital Markets companies, Viet First Securities ranks better than 65.59% on this metric.
The historical rank and industry rank for Viet First Securities's Pretax Margin % or its related term are showing as below:
HSTC:VFS'
s Pretax Margin % Range Over the Past 10 Years
Min: 35.92 Med: 60.36 Max: 61.09
Current: 35.92
HSTC:VFS's Pretax Margin % is ranked better than 65.59% of 776
companies
in the Capital Markets industry
Industry Median: 20.695
vs HSTC:VFS: 35.92
Viet First Securities (HSTC:VFS) 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.
Viet First Securities Pretax Margin % Related Terms
Viet First Securities Pretax Margin % Historical Data
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The historical data trend for Viet First Securities's Pretax 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.
HSTC:VFS vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Viet First Securities'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.
Viet First Securities Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Viet First Securities's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Viet First Securities'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.
Viet First Securities (HSTC:VFS) has a Pretax Margin % of 32.26% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Viet First Securities and its competitors. This is 47% below median its historical median of 60.36. Over the past decade, Viet First Securities' Pretax Margin % has ranged from 35.92 to 61.09. According to the industry distribution chart, Viet First Securities ranks #267 out of 776 companies in the Capital Markets industry, placing it in the top 34.4%.
Is Viet First Securities' Pretax Margin % too high?
Viet First Securities' current Pretax Margin % of 32.26% is 47% below median its 10-year median of 60.36. Over the past 10 years, this metric has ranged from a low of 35.92 to a high of 61.09. The Capital Markets industry median Pretax Margin % is 20.70. Viet First Securities' value of 32.26% is 55.9% above this industry median. Based on the distribution chart, Viet First Securities ranks #267 out of 776 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Viet First Securities has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Viet First Securities' Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Viet First Securities ranks #267 out of 776 companies for Pretax Margin %. This puts Viet First Securities in the upper half of its industry. The industry median Pretax Margin % is 20.70. Viet First Securities' value of 32.26% is 55.9% above this benchmark. Historically, Viet First Securities' own Pretax Margin % has ranged from 35.92 to 61.09 over the past decade. While the company's 10-year median is 60.36 vs. the industry median of 20.70, Viet First Securities 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 a Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.70, based on 776 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. Viet First Securities's current Pretax Margin % of 32.26% is 55.9% 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 Viet First Securities and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet First Securities's current Pretax Margin % is 32.26%, which is 47% below median its own 10-year median of 60.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet First Securities stock overvalued right now?
Viet First Securities (HSTC:VFS) has a current Pretax Margin % of 32.26%. The current Pretax Margin % is 32.26%, which is 47% below median its 10-year median of 60.36 and 55.9% above the Capital Markets industry median of 20.70. Viet First Securities' overall GF Score™ is 36/100 with 1 warning sign 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 Viet First Securities (HSTC:VFS), the current Pretax Margin % is 32.26% 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.
Viet First Securities Corp. is engaged in providing various financial services such as stock brokerage, securities investment consulting, self-trading in securities, securities depository, and underwriting securities.
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