VinaCapital Vietnam Opportunity FundLSE:VOF +1.41%40 Return-on-Tangible-Asset is 22.17% as of Dec. 2025, which is 644% above its 10-year median of 2.98. GuruFocus rates LSE:VOF with a GF Score™ of 40/100. The stock has 5 warning signs investors should review. Among 1,631 Asset Management companies, VinaCapital Vietnam Opportunity Fund ranks worse than 52.85% on this metric.
The historical rank and industry rank for VinaCapital Vietnam Opportunity Fund's Return-on-Tangible-Asset or its related term are showing as below:
LSE:VOF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.8 Med: 2.98 Max: 44.82
Current: 3.68
During the past 13 years, VinaCapital Vietnam Opportunity Fund's highest Return-on-Tangible-Asset was 44.82%. The lowest was -9.80%. And the median was 2.98%.
LSE:VOF's Return-on-Tangible-Asset is ranked worse than 52.85% of 1631
companies
in the Asset Management industry
Industry Median: 4.07
vs LSE:VOF: 3.68
VinaCapital Vietnam Opportunity Fund (LSE:VOF) 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.
VinaCapital Vietnam Opportunity Fund Return-on-Tangible-Asset Related Terms
VinaCapital Vietnam Opportunity Fund Return-on-Tangible-Asset 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.
VinaCapital Vietnam Opportunity Fund Return-on-Tangible-Asset Chart
LSE:VOF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, VinaCapital Vietnam Opportunity Fund'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.
VinaCapital Vietnam Opportunity Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, VinaCapital Vietnam Opportunity Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where VinaCapital Vietnam Opportunity Fund'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 22.17% mean?
VinaCapital Vietnam Opportunity Fund (LSE:VOF) has a Return-on-Tangible-Asset of 22.17% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on VinaCapital Vietnam Opportunity Fund and its competitors. This is 644% above median its historical median of 2.98. According to the industry distribution chart, VinaCapital Vietnam Opportunity Fund ranks #862 out of 1631 companies in the Asset Management industry, placing it in the top 52.9%.
Is VinaCapital Vietnam Opportunity Fund's Return-on-Tangible-Asset too high?
VinaCapital Vietnam Opportunity Fund's current Return-on-Tangible-Asset of 22.17% is 644% above median its 10-year median of 2.98. The Asset Management industry median Return-on-Tangible-Asset is 4.07. VinaCapital Vietnam Opportunity Fund's value of 22.17% is 444.7% above this industry median. Based on the distribution chart, VinaCapital Vietnam Opportunity Fund ranks #862 out of 1631 companies in the Asset Management industry, which is below the industry midpoint. Overall, VinaCapital Vietnam Opportunity Fund has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does VinaCapital Vietnam Opportunity Fund's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, VinaCapital Vietnam Opportunity Fund ranks #862 out of 1631 companies for Return-on-Tangible-Asset. This places VinaCapital Vietnam Opportunity Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.07. VinaCapital Vietnam Opportunity Fund's value of 22.17% is 444.7% above this benchmark. While the company's 10-year median is 2.98 vs. the industry median of 4.07, VinaCapital Vietnam Opportunity Fund 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.07, based on 1,631 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. VinaCapital Vietnam Opportunity Fund's current Return-on-Tangible-Asset of 22.17% is 444.7% 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 VinaCapital Vietnam Opportunity Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VinaCapital Vietnam Opportunity Fund's current Return-on-Tangible-Asset is 22.17%, which is 644% above median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VinaCapital Vietnam Opportunity Fund stock overvalued right now?
VinaCapital Vietnam Opportunity Fund (LSE:VOF) has a current Return-on-Tangible-Asset of 22.17%. The current Return-on-Tangible-Asset is 22.17%, which is 644% above median its 10-year median of 2.98 and 444.7% above the Asset Management industry median of 4.07. VinaCapital Vietnam Opportunity Fund's overall GF Score™ is 40/100 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 VinaCapital Vietnam Opportunity Fund (LSE:VOF), the current Return-on-Tangible-Asset is 22.17% as of Dec. 2025. 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.
VinaCapital Vietnam Opportunity Fund Business Description
VinaCapital Vietnam Opportunity Fund Ltd is a Guernsey-based investment company. Its investment objective is to achieve medium- to long-term returns through investments either in Vietnam or in companies with a substantial majority of their assets, operations, revenues, or income in, or derived from, Vietnam. The company mainly invests in listed and unlisted securities, debt instruments, private equity, real estate assets, capital markets, operating assets, private equity investments, and other net assets (including cash, cash equivalents, bonds, and short-term deposits). It holds a diversified portfolio of investments, including consumer goods, real estate, financial services, materials, energy, healthcare, and others.
40GF Score
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