Tien Phong Securities (STC:ORS) Pretax Margin %: 38.43% (As of Mar. 2026) — 34% Above Median


STC:ORS Tien Phong Securities Corp STC:ORS
68 GF Score
Price ₫13,500.00
GF Value ₫2,939.40
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Tien Phong Securities Pretax Margin %?

Tien Phong Securities STC:ORS 68 Pretax Margin % is 38.43% as of Mar. 2026, which is 34% above its 10-year median of 28.78. GuruFocus rates STC:ORS with a GF Score™ of 68/100 and a GF Value™ of ₫2,939.40 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 777 Capital Markets companies, Tien Phong Securities ranks better than 69.88% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Tien Phong Securities's Pre-Tax Income for the three months ended in Mar. 2026 was ₫42,253 Mil. Tien Phong Securities's Revenue for the three months ended in Mar. 2026 was ₫109,954 Mil. Therefore, Tien Phong Securities's pretax margin for the quarter that ended in Mar. 2026 was 38.43%.

The historical rank and industry rank for Tien Phong Securities's Pretax Margin % or its related term are showing as below:

STC:ORS' s Pretax Margin % Range Over the Past 10 Years
Min: -88.33   Med: 28.78   Max: 48.06
Current: 40.94


STC:ORS's Pretax Margin % is ranked better than
69.88% of 777 companies
in the Capital Markets industry
Industry Median: 20.36 vs STC:ORS: 40.94

Tien Phong Securities  (STC:ORS) 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.


Tien Phong Securities Pretax Margin % Related Terms


Tien Phong Securities Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Tien Phong 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.

Tien Phong Securities Pretax Margin % Chart

Tien Phong Securities Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial 27.62 12.34 30.67 45.00 48.06

Tien Phong Securities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.83 100.87 44.83 75.23 38.43

STC:ORS vs MS, GS, SCHW: Pretax Margin % Comparison

For the Capital Markets subindustry, Tien Phong 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.


Tien Phong Securities Pretax Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tien Phong Securities's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Tien Phong Securities's Pretax Margin % falls into.


STC:ORS
68GF Score
Tien Phong Securities Corp STC:ORS
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tien Phong Securities Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Tien Phong Securities's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=147505.078/306895.096
=48.06 %

Tien Phong Securities's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=42253.496/109953.552
=38.43 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 38.43% mean?
Tien Phong Securities (STC:ORS) has a Pretax Margin % of 38.43% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tien Phong Securities and its competitors. This is 34% above median its historical median of 28.78. According to the industry distribution chart, Tien Phong Securities ranks #234 out of 777 companies in the Capital Markets industry, placing it in the top 30.1%.
Is Tien Phong Securities' Pretax Margin % too high?
Tien Phong Securities' current Pretax Margin % of 38.43% is 34% above median its 10-year median of 28.78. The Capital Markets industry median Pretax Margin % is 20.36. Tien Phong Securities' value of 38.43% is 88.8% above this industry median. Based on the distribution chart, Tien Phong Securities ranks #234 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Tien Phong Securities has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tien Phong Securities' Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Tien Phong Securities ranks #234 out of 777 companies for Pretax Margin %. This puts Tien Phong Securities in the upper half of its industry. The industry median Pretax Margin % is 20.36. Tien Phong Securities' value of 38.43% is 88.8% above this benchmark. While the company's 10-year median is 28.78 vs. the industry median of 20.36, Tien Phong 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 20.36, based on 777 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. Tien Phong Securities's current Pretax Margin % of 38.43% is 88.8% 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 Tien Phong Securities and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tien Phong Securities's current Pretax Margin % is 38.43%, which is 34% above median its own 10-year median of 28.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tien Phong Securities stock overvalued right now?
Based on GuruFocus' analysis, Tien Phong Securities (STC:ORS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫2,939.40, compared to a current price of ₫13,500.00 — trading 359.3% above its estimated fair value. The current Pretax Margin % is 38.43%, which is 34% above median its 10-year median of 28.78 and 88.8% above the Capital Markets industry median of 20.36. Tien Phong Securities' overall GF Score™ is 68/100 with 5 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 Tien Phong Securities (STC:ORS), the current Pretax Margin % is 38.43% 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 Tien Phong Securities (STC:ORS) Overvalued in 2026?

Based on GuruFocus' analysis, Tien Phong Securities stock appears to be overvalued. The current stock price of ₫13,500.00 is trading 359.3% above its estimated GF Value™ of ₫2,939.40. GuruFocus considers Tien Phong Securities to be Significantly Overvalued.

Key valuation signals for STC:ORS:

  • Pretax Margin %: 38.43% (34% above median its 10-year median of 28.78)
  • GF Value™: ₫2,939.40 vs. price of ₫13,500.00 (359.3% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 88.8% above the Capital Markets median (#234 of 777)

No single metric tells the full story. See the STC:ORS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tien Phong Securities Business Description

Address No. 81-83-85 Ham Nghi, 7th Floor, Doji Building, Nguyen Thai Binh Ward, District 1, Ho Chi Minh, VNM
Tien Phong Securities Corp is a Vietnam-based provider of investment services. It is engaged in the provision of financial advisory services, brokerage services, securities custodian services, securities trading, and underwriting for securities for individual and institutional clients. The Company is also involved in securities dealing.
68GF Score

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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫13,500.00
Price
₫2,939.40
GF Value