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Tien Phong SecuritiesSTC:ORS +1.52%68 Return-on-Tangible-Asset is 3.47% as of Jun. 2026, which is 8% below its 10-year median of 3.78. GuruFocus rates STC:ORS with a GF Score™ of 68/100 and a GF Value™ of ₫5,063.78 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 817 Capital Markets companies, Tien Phong Securities ranks better than 62.91% 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. Tien Phong Securities's annualizedNet Income for the quarter that ended in Jun. 2026 was ₫517,757 Mil. Tien Phong Securities's average total tangible assets for the quarter that ended in Jun. 2026 was ₫14,928,087 Mil. Therefore, Tien Phong Securities's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 3.47%.
The historical rank and industry rank for Tien Phong Securities's Return-on-Tangible-Asset or its related term are showing as below:
STC:ORS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.9 Med: 3.78 Max: 27.24
Current: 2.95
During the past 8 years, Tien Phong Securities's highest Return-on-Tangible-Asset was 27.24%. The lowest was -14.90%. And the median was 3.78%.
STC:ORS's Return-on-Tangible-Asset is ranked better than 62.91% of 817
companies
in the Capital Markets industry
Industry Median: 1.54
vs STC:ORS: 2.95
Tien Phong Securities (STC:ORS) 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.
Tien Phong Securities Return-on-Tangible-Asset Related Terms
Tien Phong Securities Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tien Phong Securities'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.
Tien Phong Securities Return-on-Tangible-Asset Chart
STC:ORS vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Tien Phong 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.
Tien Phong Securities Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tien Phong Securities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tien Phong 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.47% mean?
Tien Phong Securities (STC:ORS) has a Return-on-Tangible-Asset of 3.47% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tien Phong Securities and its competitors. This is near median its historical median of 3.78. According to the industry distribution chart, Tien Phong Securities ranks #303 out of 817 companies in the Capital Markets industry, placing it in the top 37.1%.
Is Tien Phong Securities' Return-on-Tangible-Asset too high?
Tien Phong Securities' current Return-on-Tangible-Asset of 3.47% is near median its 10-year median of 3.78. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Tien Phong Securities' value of 3.47% is 125.3% above this industry median. Based on the distribution chart, Tien Phong Securities ranks #303 out of 817 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Tien Phong Securities has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tien Phong Securities' Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Tien Phong Securities ranks #303 out of 817 companies for Return-on-Tangible-Asset. This puts Tien Phong Securities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.54. Tien Phong Securities' value of 3.47% is 125.3% above this benchmark. While the company's 10-year median is 3.78 vs. the industry median of 1.54, Tien Phong 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 817 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. Tien Phong Securities's current Return-on-Tangible-Asset of 3.47% is 125.3% 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 Tien Phong 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. Tien Phong Securities's current Return-on-Tangible-Asset is 3.47%, which is near median its own 10-year median of 3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tien Phong Securities stock overvalued right now?
Based on GuruFocus' analysis, Tien Phong Securities (STC:ORS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫5,063.78, compared to a current price of ₫13,400.00 — trading 164.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.47%, which is near median its 10-year median of 3.78 and 125.3% above the Capital Markets industry median of 1.54. Tien Phong Securities' overall GF Score™ is 68/100 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 Tien Phong Securities (STC:ORS), the current Return-on-Tangible-Asset is 3.47% as of Jun. 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 Tien Phong Securities (STC:ORS) Overvalued in 2026?
Based on GuruFocus' analysis, Tien Phong Securities stock appears to be overvalued.
The current stock price of ₫13,400.00 is trading 164.6% above its estimated GF Value™ of ₫5,063.78.
GuruFocus considers Tien Phong Securities to be Significantly Overvalued.
Key valuation signals for STC:ORS:
Return-on-Tangible-Asset: 3.47% (near median its 10-year median of 3.78)
GF Value™: ₫5,063.78 vs. price of ₫13,400.00 (164.6% above fair value)
Industry Position: 125.3% above the Capital Markets median (#303 of 817)
No single metric tells the full story. See the STC:ORS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tien Phong Securities Corp is a Vietnam-based provider of investment services. It is engaged in the provision of financial advisory services, brokerage services, securities custodian services, securities trading, and underwriting for securities for individual and institutional clients. The Company is also involved in securities dealing.
68GF Score
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