Becamex Infrastructure Development JSC (STC:IJC) Return-on-Tangible-Asset: 4.02% (As of Mar. 2026) — 21% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STC:IJC Becamex Infrastructure Development JSC STC:IJC
75 GF Score
Price ₫7,230.00
GF Value ₫10,812.64
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Becamex Infrastructure Development JSC Return-on-Tangible-Asset?

Becamex Infrastructure Development JSC STC:IJC +0.56% 75 Return-on-Tangible-Asset is 4.02% as of Mar. 2026, which is 21% below its 10-year median of 5.10. GuruFocus rates STC:IJC with a GF Score™ of 75/100 and a GF Value™ of ₫10,812.64 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,783 Construction companies, Becamex Infrastructure Development JSC ranks better than 73.36% 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. Becamex Infrastructure Development JSC's annualized Net Income for the quarter that ended in Mar. 2026 was ₫417,156 Mil. Becamex Infrastructure Development JSC's average total tangible assets for the quarter that ended in Mar. 2026 was ₫10,382,891 Mil. Therefore, Becamex Infrastructure Development JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.02%.

The historical rank and industry rank for Becamex Infrastructure Development JSC's Return-on-Tangible-Asset or its related term are showing as below:

STC:IJC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.56   Med: 5.1   Max: 9.25
Current: 6.78

During the past 13 years, Becamex Infrastructure Development JSC's highest Return-on-Tangible-Asset was 9.25%. The lowest was 1.56%. And the median was 5.10%.

STC:IJC's Return-on-Tangible-Asset is ranked better than
73.36% of 1783 companies
in the Construction industry
Industry Median: 3.05 vs STC:IJC: 6.78

Becamex Infrastructure Development JSC  (STC:IJC) 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 company’s 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 company’s 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.


Becamex Infrastructure Development JSC Return-on-Tangible-Asset Related Terms


Becamex Infrastructure Development JSC Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Becamex Infrastructure Development 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.

Becamex Infrastructure Development JSC Return-on-Tangible-Asset Chart

Becamex Infrastructure Development JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.25 7.68 6.13 4.98 6.58

Becamex Infrastructure Development JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.32 6.46 12.64 5.20 4.02

STC:IJC vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison

For the Engineering & Construction subindustry, Becamex Infrastructure Development 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.


Becamex Infrastructure Development JSC Return-on-Tangible-Asset vs Construction Industry

For the Construction industry and Industrials sector, Becamex Infrastructure Development JSC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Becamex Infrastructure Development JSC's Return-on-Tangible-Asset falls into.


STC:IJC
75GF Score
Becamex Infrastructure Development JSC STC:IJC
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Becamex Infrastructure Development JSC Return-on-Tangible-Asset Calculation

Becamex Infrastructure Development JSC's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=597354.379/( (7826952.815+10319467.37)/ 2 )
=597354.379/9073210.0925
=6.58 %

Becamex Infrastructure Development JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=417156.08/( (10319467.37+10446314.604)/ 2 )
=417156.08/10382890.987
=4.02 %

* 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 4.02% mean?
Becamex Infrastructure Development JSC (STC:IJC) has a Return-on-Tangible-Asset of 4.02% 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 Becamex Infrastructure Development JSC and its competitors. This is 21% below median its historical median of 5.10. Over the past decade, Becamex Infrastructure Development JSC's Return-on-Tangible-Asset has ranged from 1.56 to 9.25. According to the industry distribution chart, Becamex Infrastructure Development JSC ranks #475 out of 1783 companies in the Construction industry, placing it in the top 26.6%.
Is Becamex Infrastructure Development JSC's Return-on-Tangible-Asset too high?
Becamex Infrastructure Development JSC's current Return-on-Tangible-Asset of 4.02% is 21% below median its 10-year median of 5.10. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 9.25. The Construction industry median Return-on-Tangible-Asset is 3.05. Becamex Infrastructure Development JSC's value of 4.02% is 31.8% above this industry median. Based on the distribution chart, Becamex Infrastructure Development JSC ranks #475 out of 1783 companies in the Construction industry, which is above the industry midpoint. Overall, Becamex Infrastructure Development JSC has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Becamex Infrastructure Development JSC's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Becamex Infrastructure Development JSC ranks #475 out of 1783 companies for Return-on-Tangible-Asset. This puts Becamex Infrastructure Development JSC in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.05. Becamex Infrastructure Development JSC's value of 4.02% is 31.8% above this benchmark. Historically, Becamex Infrastructure Development JSC's own Return-on-Tangible-Asset has ranged from 1.56 to 9.25 over the past decade. While the company's 10-year median is 5.10 vs. the industry median of 3.05, Becamex Infrastructure Development 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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. Becamex Infrastructure Development JSC's current Return-on-Tangible-Asset of 4.02% is 31.8% 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 Becamex Infrastructure Development JSC and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Becamex Infrastructure Development JSC's current Return-on-Tangible-Asset is 4.02%, which is 21% below median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Becamex Infrastructure Development JSC stock overvalued right now?
Based on GuruFocus' analysis, Becamex Infrastructure Development JSC (STC:IJC) is currently considered Possible Value Trap. The stock's GF Value™ is ₫10,812.64, compared to a current price of ₫7,230.00 — trading 33.1% below its estimated fair value. The current Return-on-Tangible-Asset is 4.02%, which is 21% below median its 10-year median of 5.10 and 31.8% above the Construction industry median of 3.05. Becamex Infrastructure Development JSC's overall GF Score™ is 75/100 with 6 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 Becamex Infrastructure Development JSC (STC:IJC), the current Return-on-Tangible-Asset is 4.02% 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 Becamex Infrastructure Development JSC (STC:IJC) Overvalued in 2026?

Based on GuruFocus' analysis, Becamex Infrastructure Development JSC stock appears to be undervalued. The current stock price of ₫7,230.00 is trading 33.1% below its estimated GF Value™ of ₫10,812.64. GuruFocus considers Becamex Infrastructure Development JSC to be Possible Value Trap.

Key valuation signals for STC:IJC:

  • Return-on-Tangible-Asset: 4.02% (21% below median its 10-year median of 5.10)
  • GF Value™: ₫10,812.64 vs. price of ₫7,230.00 (33.1% below fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 31.8% above the Construction median (#475 of 1783)

No single metric tells the full story. See the STC:IJC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Becamex Infrastructure Development JSC Business Description

Address 230 Pacific Avenue, 5th Floor, Becamex Tower, Phu Hoa, Binh Duong, Thu Dau Mot, VNM
Becamex Infrastructure Development JSC, through its subsidiaries, is engaged in the field of investment and development of industrial, residential, urban and transportation infrastructure. The other business activities in which the company is involved are Collecting traffic fees; Services-Trade; and Real estate business. The organization is based in Vietnam.
75GF Score

Get the complete analysis for STC:IJC

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫7,230.00
Price
₫10,812.64
GF Value