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IPA Investment Group JSCHSTC:IPA +0.66%85 Return-on-Tangible-Asset is 3.48% as of Mar. 2026, which is 26% below its 10-year median of 4.73. GuruFocus rates HSTC:IPA with a GF Score™ of 85/100 and a GF Value™ of ₫23,275.23 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 818 Capital Markets companies, IPA Investment Group JSC ranks better than 75.92% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. IPA Investment Group JSC's annualizedNet Income for the quarter that ended in Mar. 2026 was ₫381,673 Mil. IPA Investment Group JSC's average total tangible assets for the quarter that ended in Mar. 2026 was ₫10,977,200 Mil. Therefore, IPA Investment Group JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.48%.
The historical rank and industry rank for IPA Investment Group JSC's Return-on-Tangible-Asset or its related term are showing as below:
HSTC:IPA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.11 Med: 4.73 Max: 25.27
Current: 5.65
During the past 8 years, IPA Investment Group JSC's highest Return-on-Tangible-Asset was 25.27%. The lowest was 1.11%. And the median was 4.73%.
HSTC:IPA's Return-on-Tangible-Asset is ranked better than 75.92% of 818
companies
in the Capital Markets industry
Industry Median: 1.53
vs HSTC:IPA: 5.65
IPA Investment Group JSC (HSTC:IPA) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
IPA Investment Group JSC Return-on-Tangible-Asset Related Terms
IPA Investment Group JSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for IPA Investment Group JSC's Return-on-Tangible-Asset 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.
IPA Investment Group JSC Return-on-Tangible-Asset Chart
HSTC:IPA vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, IPA Investment Group JSC's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
IPA Investment Group JSC Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IPA Investment Group JSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IPA Investment Group JSC's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.48% mean?
IPA Investment Group JSC (HSTC:IPA) has a Return-on-Tangible-Asset of 3.48% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on IPA Investment Group JSC and its competitors. This is 26% below median its historical median of 4.73. Over the past decade, IPA Investment Group JSC's Return-on-Tangible-Asset has ranged from 1.11 to 25.27. According to the industry distribution chart, IPA Investment Group JSC ranks #197 out of 818 companies in the Capital Markets industry, placing it in the top 24.1%.
Is IPA Investment Group JSC's Return-on-Tangible-Asset too high?
IPA Investment Group JSC's current Return-on-Tangible-Asset of 3.48% is 26% below median its 10-year median of 4.73. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 25.27. The Capital Markets industry median Return-on-Tangible-Asset is 1.53. IPA Investment Group JSC's value of 3.48% is 127.5% above this industry median. Based on the distribution chart, IPA Investment Group JSC ranks #197 out of 818 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, IPA Investment Group JSC has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IPA Investment Group JSC's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, IPA Investment Group JSC ranks #197 out of 818 companies for Return-on-Tangible-Asset. This places IPA Investment Group JSC in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.53. IPA Investment Group JSC's value of 3.48% is 127.5% above this benchmark. Historically, IPA Investment Group JSC's own Return-on-Tangible-Asset has ranged from 1.11 to 25.27 over the past decade. While the company's 10-year median is 4.73 vs. the industry median of 1.53, IPA Investment Group 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 Return-on-Tangible-Asset for a Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.53, based on 818 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPA Investment Group JSC's current Return-on-Tangible-Asset of 3.48% is 127.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on IPA Investment Group JSC and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPA Investment Group JSC's current Return-on-Tangible-Asset is 3.48%, which is 26% below median its own 10-year median of 4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPA Investment Group JSC stock overvalued right now?
Based on GuruFocus' analysis, IPA Investment Group JSC (HSTC:IPA) is currently considered Possible Value Trap. The stock's GF Value™ is ₫23,275.23, compared to a current price of ₫15,300.00 — trading 34.3% below its estimated fair value. The current Return-on-Tangible-Asset is 3.48%, which is 26% below median its 10-year median of 4.73 and 127.5% above the Capital Markets industry median of 1.53. IPA Investment Group JSC's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For IPA Investment Group JSC (HSTC:IPA), the current Return-on-Tangible-Asset is 3.48% 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 IPA Investment Group JSC (HSTC:IPA) Overvalued in 2026?
Based on GuruFocus' analysis, IPA Investment Group JSC stock appears to be undervalued.
The current stock price of ₫15,300.00 is trading 34.3% below its estimated GF Value™ of ₫23,275.23.
GuruFocus considers IPA Investment Group JSC to be Possible Value Trap.
Key valuation signals for HSTC:IPA:
Return-on-Tangible-Asset: 3.48% (26% below median its 10-year median of 4.73)
GF Value™: ₫23,275.23 vs. price of ₫15,300.00 (34.3% below fair value)
Industry Position: 127.5% above the Capital Markets median (#197 of 818)
No single metric tells the full story. See the HSTC:IPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPA Investment Group JSC is a multi-sector investment group building and operating a business ecosystem under the Capability Bank model. It operates diversified business lines directly and/or through subsidiaries, associated companies, and enterprises within the IPA Group ecosystem in Vietnam. The Group's operating business segments are: Financial Services, Investment, Commercial electricity production, Business solutions, F&B, and Others: other services, real estate, goods, etc. The majority of its revenue is derived from its Business solutions and Commercial electricity production segments. These segments offer technology and digital solutions to businesses and engage in construction investment, power facilities development, and the trading of commercial electricity.
85GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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