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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Sao Mai Group Price-to-Tangible-Book Related Terms
Sao Mai Group Price-to-Tangible-Book Historical Data
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The historical data trend for Sao Mai Group's Price-to-Tangible-Book 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.
STC:ASM vs CBRE, BEKE, JLL: Price-to-Tangible-Book Comparison
For the Real Estate Services subindustry, Sao Mai Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Sao Mai Group Price-to-Tangible-Book vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sao Mai Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Sao Mai Group's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Sao Mai Group (STC:ASM) has a Price-to-Tangible-Book of 0.55 as of Sep. 08, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Sao Mai Group and its competitors. According to the industry distribution chart, Sao Mai Group ranks #559 out of 1686 companies in the Real Estate industry, placing it in the top 33.2%.
Is Sao Mai Group's Price-to-Tangible-Book too high?
Sao Mai Group's current Price-to-Tangible-Book is 0.55. The Real Estate industry median Price-to-Tangible-Book is 0.84. Sao Mai Group's value of 0.55 is 34.5% below this industry median. Based on the distribution chart, Sao Mai Group ranks #559 out of 1686 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sao Mai Group has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sao Mai Group's Price-to-Tangible-Book compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sao Mai Group ranks #559 out of 1686 companies for Price-to-Tangible-Book. This puts Sao Mai Group in the upper half of its industry. The industry median Price-to-Tangible-Book is 0.84. Sao Mai Group's value of 0.55 is 34.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Real Estate company?
The median Price-to-Tangible-Book among Real Estate companies is 0.84, based on 1,686 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sao Mai Group's current Price-to-Tangible-Book of 0.55 is 34.5% below 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Sao Mai Group and its competitors. For the Real Estate industry, the median Price-to-Tangible-Book is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sao Mai Group's current Price-to-Tangible-Book is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Mai Group stock overvalued right now?
Based on GuruFocus' analysis, Sao Mai Group (STC:ASM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫6,647.67, compared to a current price of ₫5,350.00 — trading 19.5% below its estimated fair value. The current Price-to-Tangible-Book is 0.55 and 34.5% below the Real Estate industry median of 0.84. Sao Mai Group's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Sao Mai Group (STC:ASM), the current Price-to-Tangible-Book is 0.55 as of Sep. 08, 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 Sao Mai Group (STC:ASM) Overvalued in 2026?
Based on GuruFocus' analysis, Sao Mai Group stock appears to be undervalued.
The current stock price of ₫5,350.00 is trading 19.5% below its estimated GF Value™ of ₫6,647.67.
GuruFocus considers Sao Mai Group to be Modestly Undervalued.
Key valuation signals for STC:ASM:
Price-to-Tangible-Book: 0.55
GF Value™: ₫6,647.67 vs. price of ₫5,350.00 (19.5% below fair value)
Industry Position: 34.5% below the Real Estate median (#559 of 1686)
No single metric tells the full story. See the STC:ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sao Mai Group Corp is a company engaged in the real estate sector. It develops urban zones, residential areas and resorts, as well as leases houses and offices. It is also engaged in investment in the infrastructure business, residential area, urban area, industrial zone.
69GF Score
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