Khai Hoan Land Real Estate JSC (STC:KHG) Return-on-Tangible-Asset: 0.75% (As of Mar. 2026) — 31% 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:KHG Khai Hoan Land Real Estate JSC STC:KHG
66 GF Score
Price ₫4,790.00
GF Value ₫9,823.20
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Khai Hoan Land Real Estate JSC Return-on-Tangible-Asset?

Khai Hoan Land Real Estate JSC STC:KHG 66 Return-on-Tangible-Asset is 0.75% as of Mar. 2026, which is 31% below its 10-year median of 1.09. GuruFocus rates STC:KHG with a GF Score™ of 66/100 and a GF Value™ of ₫9,823.20 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,802 Real Estate companies, Khai Hoan Land Real Estate JSC ranks worse than 56.99% 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. Khai Hoan Land Real Estate JSC's annualized Net Income for the quarter that ended in Mar. 2026 was ₫53,588 Mil. Khai Hoan Land Real Estate JSC's average total tangible assets for the quarter that ended in Mar. 2026 was ₫7,131,359 Mil. Therefore, Khai Hoan Land Real Estate JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.75%.

The historical rank and industry rank for Khai Hoan Land Real Estate JSC's Return-on-Tangible-Asset or its related term are showing as below:

STC:KHG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.38   Med: 1.09   Max: 9.41
Current: 0.93

During the past 8 years, Khai Hoan Land Real Estate JSC's highest Return-on-Tangible-Asset was 9.41%. The lowest was 0.38%. And the median was 1.09%.

STC:KHG's Return-on-Tangible-Asset is ranked worse than
56.99% of 1802 companies
in the Real Estate industry
Industry Median: 1.71 vs STC:KHG: 0.93

Khai Hoan Land Real Estate JSC  (STC:KHG) 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.


Khai Hoan Land Real Estate JSC Return-on-Tangible-Asset Related Terms


Khai Hoan Land Real Estate JSC Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Khai Hoan Land Real Estate 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.

Khai Hoan Land Real Estate JSC Return-on-Tangible-Asset Chart

Khai Hoan Land Real Estate JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 9.41 6.57 0.38 0.86 1.01

Khai Hoan Land Real Estate 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 0.83 1.21 1.06 0.71 0.75

Khai Hoan Land Real Estate JSC Return-on-Tangible-Asset Competitor Comparison

For the Real Estate - Development subindustry, Khai Hoan Land Real Estate 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.


Khai Hoan Land Real Estate JSC Return-on-Tangible-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Khai Hoan Land Real Estate JSC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Khai Hoan Land Real Estate JSC's Return-on-Tangible-Asset falls into.


STC:KHG
66GF Score
Khai Hoan Land Real Estate JSC STC:KHG
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khai Hoan Land Real Estate JSC Return-on-Tangible-Asset Calculation

Khai Hoan Land Real Estate 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 )
=68708.602/( (6592482.728+6994483.774)/ 2 )
=68708.602/6793483.251
=1.01 %

Khai Hoan Land Real Estate 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 )
=53588.452/( (6994483.774+7268234.03)/ 2 )
=53588.452/7131358.902
=0.75 %

* 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 0.75% mean?
Khai Hoan Land Real Estate JSC (STC:KHG) has a Return-on-Tangible-Asset of 0.75% 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 Khai Hoan Land Real Estate JSC and its competitors. This is 31% below median its historical median of 1.09. Over the past decade, Khai Hoan Land Real Estate JSC's Return-on-Tangible-Asset has ranged from 0.38 to 9.41. According to the industry distribution chart, Khai Hoan Land Real Estate JSC ranks #1027 out of 1802 companies in the Real Estate industry, placing it in the top 57%.
Is Khai Hoan Land Real Estate JSC's Return-on-Tangible-Asset too high?
Khai Hoan Land Real Estate JSC's current Return-on-Tangible-Asset of 0.75% is 31% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 9.41. The Real Estate industry median Return-on-Tangible-Asset is 1.71. Khai Hoan Land Real Estate JSC's value of 0.75% is 56.1% below this industry median. Based on the distribution chart, Khai Hoan Land Real Estate JSC ranks #1027 out of 1802 companies in the Real Estate industry, which is below the industry midpoint. Overall, Khai Hoan Land Real Estate JSC has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Khai Hoan Land Real Estate JSC's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Khai Hoan Land Real Estate JSC ranks #1027 out of 1802 companies for Return-on-Tangible-Asset. This places Khai Hoan Land Real Estate JSC in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.71. Khai Hoan Land Real Estate JSC's value of 0.75% is 56.1% below this benchmark. Historically, Khai Hoan Land Real Estate JSC's own Return-on-Tangible-Asset has ranged from 0.38 to 9.41 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.71, Khai Hoan Land Real Estate JSC has consistently been below 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.71, based on 1,802 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. Khai Hoan Land Real Estate JSC's current Return-on-Tangible-Asset of 0.75% is 56.1% below 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 Khai Hoan Land Real Estate JSC and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khai Hoan Land Real Estate JSC's current Return-on-Tangible-Asset is 0.75%, which is 31% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khai Hoan Land Real Estate JSC stock overvalued right now?
Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC (STC:KHG) is currently considered Possible Value Trap. The stock's GF Value™ is ₫9,823.20, compared to a current price of ₫4,790.00 — trading 51.2% below its estimated fair value. The current Return-on-Tangible-Asset is 0.75%, which is 31% below median its 10-year median of 1.09 and 56.1% below the Real Estate industry median of 1.71. Khai Hoan Land Real Estate JSC's overall GF Score™ is 66/100 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 Khai Hoan Land Real Estate JSC (STC:KHG), the current Return-on-Tangible-Asset is 0.75% 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 Khai Hoan Land Real Estate JSC (STC:KHG) Overvalued in 2026?

Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC stock appears to be undervalued. The current stock price of ₫4,790.00 is trading 51.2% below its estimated GF Value™ of ₫9,823.20. GuruFocus considers Khai Hoan Land Real Estate JSC to be Possible Value Trap.

Key valuation signals for STC:KHG:

  • Return-on-Tangible-Asset: 0.75% (31% below median its 10-year median of 1.09)
  • GF Value™: ₫9,823.20 vs. price of ₫4,790.00 (51.2% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 56.1% below the Real Estate median (#1027 of 1802)

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


Khai Hoan Land Real Estate JSC Business Description

Address 5-7-9-11 Hung Gia 4 Street, Phu My Hung Urban Area, Tan Hung ward, Ho Chi Minh City, VNM
Khai Hoan Land Real Estate JSC operates as a real estate developer and a broker. The companies business includes real estate consulting, brokerage services, auction of real estate, auction of land use rights; housing construction; site preparation; hotel service with threestart above quality standard (not operating at the head office); organization of introduction and trade promotion; construction of other civil engineering works; restaurants and catering services; trading real estate, land use rights of owners, leased or leased by the owners; retailing other goods in specialized stores; civil design activities; landscape maintenance services; wholesale of other household appliances; career education; other recreational activities.
66GF Score

Get the complete analysis for STC:KHG

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

₫4,790.00
Price
₫9,823.20
GF Value