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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. Viet Nam Airlines JSC's annualizedNet Income for the quarter that ended in Mar. 2026 was ₫17,552,047 Mil. Viet Nam Airlines JSC's average total tangible assets for the quarter that ended in Mar. 2026 was ₫75,901,824 Mil. Therefore, Viet Nam Airlines JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 23.12%.
The historical rank and industry rank for Viet Nam Airlines JSC's Return-on-Tangible-Asset or its related term are showing as below:
STC:HVN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.62 Med: -3.61 Max: 13.1
Current: 11.9
During the past 8 years, Viet Nam Airlines JSC's highest Return-on-Tangible-Asset was 13.10%. The lowest was -20.62%. And the median was -3.61%.
STC:HVN's Return-on-Tangible-Asset is ranked better than 89.33% of 1012
companies
in the Transportation industry
Industry Median: 3.755
vs STC:HVN: 11.90
Viet Nam Airlines JSC (STC:HVN) 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.
Viet Nam Airlines JSC Return-on-Tangible-Asset Related Terms
Viet Nam Airlines JSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Viet Nam Airlines 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.
Viet Nam Airlines JSC Return-on-Tangible-Asset Chart
STC:HVN vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Viet Nam Airlines 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.
Viet Nam Airlines JSC Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Viet Nam Airlines JSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Viet Nam Airlines 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 23.12% mean?
Viet Nam Airlines JSC (STC:HVN) has a Return-on-Tangible-Asset of 23.12% 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 Viet Nam Airlines JSC and its competitors. According to the industry distribution chart, Viet Nam Airlines JSC ranks #108 out of 1012 companies in the Transportation industry, placing it in the top 10.7%.
Is Viet Nam Airlines JSC's Return-on-Tangible-Asset too high?
Viet Nam Airlines JSC's current Return-on-Tangible-Asset is 23.12%. The Transportation industry median Return-on-Tangible-Asset is 3.76. Viet Nam Airlines JSC's value of 23.12% is 515.7% above this industry median. Based on the distribution chart, Viet Nam Airlines JSC ranks #108 out of 1012 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Viet Nam Airlines JSC has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Airlines JSC's Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Viet Nam Airlines JSC ranks #108 out of 1012 companies for Return-on-Tangible-Asset. This places Viet Nam Airlines JSC in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.76. Viet Nam Airlines JSC's value of 23.12% is 515.7% above this benchmark. 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.76, based on 1,012 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. Viet Nam Airlines JSC's current Return-on-Tangible-Asset of 23.12% is 515.7% 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 Viet Nam Airlines JSC and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Airlines JSC's current Return-on-Tangible-Asset is 23.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Airlines JSC stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Airlines JSC (STC:HVN) is currently considered Fairly Valued. The stock's GF Value™ is ₫22,948.62, compared to a current price of ₫21,500.00 — trading 6.3% below its estimated fair value. The current Return-on-Tangible-Asset is 23.12% and 515.7% above the Transportation industry median of 3.76. Viet Nam Airlines JSC's overall GF Score™ is 84/100 with 4 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 Viet Nam Airlines JSC (STC:HVN), the current Return-on-Tangible-Asset is 23.12% 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 Viet Nam Airlines JSC (STC:HVN) Overvalued in 2026?
Based on GuruFocus' analysis, Viet Nam Airlines JSC stock appears to be undervalued.
The current stock price of ₫21,500.00 is trading 6.3% below its estimated GF Value™ of ₫22,948.62.
GuruFocus considers Viet Nam Airlines JSC to be Fairly Valued.
Key valuation signals for STC:HVN:
Return-on-Tangible-Asset: 23.12%
GF Value™: ₫22,948.62 vs. price of ₫21,500.00 (6.3% below fair value)
Industry Position: 515.7% above the Transportation median (#108 of 1012)
No single metric tells the full story. See the STC:HVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viet Nam Airlines JSC is an airline service provider in Vietnam. The company provides air transportation of passengers, air transportation of luggage, cargos, parcels, postal items and mails and activities of general aviation including aerial photography of the terrain, geological surveys and flight calibration of air stations among others.
84GF Score
Get the complete analysis for STC:HVN
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