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Ho Chi Minh City SecuritiesSTC:HCM +2.01%62 Return-on-Tangible-Asset is 2.67% as of Mar. 2026, which is 54% below its 10-year median of 5.78. GuruFocus rates STC:HCM with a GF Score™ of 62/100 and a GF Value™ of ₫24,280.55 (Fairly Valued). The stock has 8 warning signs investors should review. Among 819 Capital Markets companies, Ho Chi Minh City Securities ranks better than 63.98% 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. Ho Chi Minh City Securities's annualizedNet Income for the quarter that ended in Mar. 2026 was ₫1,162,882 Mil. Ho Chi Minh City Securities's average total tangible assets for the quarter that ended in Mar. 2026 was ₫43,478,584 Mil. Therefore, Ho Chi Minh City Securities's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.67%.
The historical rank and industry rank for Ho Chi Minh City Securities's Return-on-Tangible-Asset or its related term are showing as below:
STC:HCM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.03 Med: 5.78 Max: 11.36
Current: 3.15
During the past 13 years, Ho Chi Minh City Securities's highest Return-on-Tangible-Asset was 11.36%. The lowest was 3.03%. And the median was 5.78%.
STC:HCM's Return-on-Tangible-Asset is ranked better than 63.98% of 819
companies
in the Capital Markets industry
Industry Median: 1.54
vs STC:HCM: 3.15
Ho Chi Minh City Securities (STC:HCM) 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.
Ho Chi Minh City Securities Return-on-Tangible-Asset Related Terms
Ho Chi Minh City Securities 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.
Ho Chi Minh City Securities Return-on-Tangible-Asset Chart
STC:HCM vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Ho Chi Minh City Securities'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.
Ho Chi Minh City Securities Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Ho Chi Minh City Securities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ho Chi Minh City Securities'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 2.67% mean?
Ho Chi Minh City Securities (STC:HCM) has a Return-on-Tangible-Asset of 2.67% 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 Ho Chi Minh City Securities and its competitors. This is 54% below median its historical median of 5.78. Over the past decade, Ho Chi Minh City Securities' Return-on-Tangible-Asset has ranged from 3.03 to 11.36. According to the industry distribution chart, Ho Chi Minh City Securities ranks #295 out of 819 companies in the Capital Markets industry, placing it in the top 36%.
Is Ho Chi Minh City Securities' Return-on-Tangible-Asset too high?
Ho Chi Minh City Securities' current Return-on-Tangible-Asset of 2.67% is 54% below median its 10-year median of 5.78. Over the past 10 years, this metric has ranged from a low of 3.03 to a high of 11.36. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Ho Chi Minh City Securities' value of 2.67% is 73.4% above this industry median. Based on the distribution chart, Ho Chi Minh City Securities ranks #295 out of 819 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Ho Chi Minh City Securities has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ho Chi Minh City Securities' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Ho Chi Minh City Securities ranks #295 out of 819 companies for Return-on-Tangible-Asset. This puts Ho Chi Minh City Securities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.54. Ho Chi Minh City Securities' value of 2.67% is 73.4% above this benchmark. Historically, Ho Chi Minh City Securities' own Return-on-Tangible-Asset has ranged from 3.03 to 11.36 over the past decade. While the company's 10-year median is 5.78 vs. the industry median of 1.54, Ho Chi Minh City 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 Return-on-Tangible-Asset for a Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 819 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. Ho Chi Minh City Securities's current Return-on-Tangible-Asset of 2.67% is 73.4% 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 Ho Chi Minh City Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ho Chi Minh City Securities's current Return-on-Tangible-Asset is 2.67%, which is 54% below median its own 10-year median of 5.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ho Chi Minh City Securities stock overvalued right now?
Based on GuruFocus' analysis, Ho Chi Minh City Securities (STC:HCM) is currently considered Fairly Valued. The stock's GF Value™ is ₫24,280.55, compared to a current price of ₫25,400.00 — trading 4.6% above its estimated fair value. The current Return-on-Tangible-Asset is 2.67%, which is 54% below median its 10-year median of 5.78 and 73.4% above the Capital Markets industry median of 1.54. Ho Chi Minh City Securities' overall GF Score™ is 62/100 with 8 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 Ho Chi Minh City Securities (STC:HCM), the current Return-on-Tangible-Asset is 2.67% 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 Ho Chi Minh City Securities (STC:HCM) Overvalued in 2026?
Based on GuruFocus' analysis, Ho Chi Minh City Securities stock appears to be overvalued.
The current stock price of ₫25,400.00 is trading 4.6% above its estimated GF Value™ of ₫24,280.55.
GuruFocus considers Ho Chi Minh City Securities to be Fairly Valued.
Key valuation signals for STC:HCM:
Return-on-Tangible-Asset: 2.67% (54% below median its 10-year median of 5.78)
GF Value™: ₫24,280.55 vs. price of ₫25,400.00 (4.6% above fair value)
Industry Position: 73.4% above the Capital Markets median (#295 of 819)
No single metric tells the full story. See the STC:HCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ho Chi Minh City Securities Corporation is a professional securities brokerage firm in Vietnam. It provides a comprehensive suite of financial services to institutional & private clients. The company focuses on professional investment advisory services backed by a highly recognized research team.
62GF Score
Get the complete analysis for STC:HCM
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