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Phu Nhuan Jewelry JSCSTC:PNJ +6.99%96 Return-on-Tangible-Asset is 30.44% as of Mar. 2026, which is 99% above its 10-year median of 15.27. GuruFocus rates STC:PNJ with a GF Score™ of 96/100 and a GF Value™ of ₫70,051.17 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,136 Retail - Cyclical companies, Phu Nhuan Jewelry JSC ranks better than 95.25% 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. Phu Nhuan Jewelry JSC's annualizedNet Income for the quarter that ended in Mar. 2026 was ₫5,869,621 Mil. Phu Nhuan Jewelry JSC's average total tangible assets for the quarter that ended in Mar. 2026 was ₫19,284,206 Mil. Therefore, Phu Nhuan Jewelry JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 30.44%.
The historical rank and industry rank for Phu Nhuan Jewelry JSC's Return-on-Tangible-Asset or its related term are showing as below:
STC:PNJ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.56 Med: 15.27 Max: 20.5
Current: 20.5
During the past 13 years, Phu Nhuan Jewelry JSC's highest Return-on-Tangible-Asset was 20.50%. The lowest was 11.56%. And the median was 15.27%.
STC:PNJ's Return-on-Tangible-Asset is ranked better than 95.25% of 1136
companies
in the Retail - Cyclical industry
Industry Median: 2.92
vs STC:PNJ: 20.50
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.
Phu Nhuan Jewelry JSC Return-on-Tangible-Asset Related Terms
Phu Nhuan Jewelry JSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Phu Nhuan Jewelry 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.
STC:PNJ vs TPR, SIG: Return-on-Tangible-Asset Comparison
For the Luxury Goods subindustry, Phu Nhuan Jewelry 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.
Phu Nhuan Jewelry JSC Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Phu Nhuan Jewelry JSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Phu Nhuan Jewelry 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 30.44% mean?
Phu Nhuan Jewelry JSC (STC:PNJ) has a Return-on-Tangible-Asset of 30.44% 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 Phu Nhuan Jewelry JSC and its competitors. This is 99% above median its historical median of 15.27. Over the past decade, Phu Nhuan Jewelry JSC's Return-on-Tangible-Asset has ranged from 11.56 to 20.50. According to the industry distribution chart, Phu Nhuan Jewelry JSC ranks #54 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 4.8%.
Is Phu Nhuan Jewelry JSC's Return-on-Tangible-Asset too high?
Phu Nhuan Jewelry JSC's current Return-on-Tangible-Asset of 30.44% is 99% above median its 10-year median of 15.27. Over the past 10 years, this metric has ranged from a low of 11.56 to a high of 20.50. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.92. Phu Nhuan Jewelry JSC's value of 30.44% is 942.5% above this industry median. Based on the distribution chart, Phu Nhuan Jewelry JSC ranks #54 out of 1136 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Phu Nhuan Jewelry JSC has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Phu Nhuan Jewelry JSC's Return-on-Tangible-Asset compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Phu Nhuan Jewelry JSC ranks #54 out of 1136 companies for Return-on-Tangible-Asset. This places Phu Nhuan Jewelry JSC in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.92. Phu Nhuan Jewelry JSC's value of 30.44% is 942.5% above this benchmark. Historically, Phu Nhuan Jewelry JSC's own Return-on-Tangible-Asset has ranged from 11.56 to 20.50 over the past decade. While the company's 10-year median is 15.27 vs. the industry median of 2.92, Phu Nhuan Jewelry 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.92, based on 1,136 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. Phu Nhuan Jewelry JSC's current Return-on-Tangible-Asset of 30.44% is 942.5% 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 Phu Nhuan Jewelry JSC and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phu Nhuan Jewelry JSC's current Return-on-Tangible-Asset is 30.44%, which is 99% above median its own 10-year median of 15.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phu Nhuan Jewelry JSC stock overvalued right now?
Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC (STC:PNJ) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫70,051.17, compared to a current price of ₫32,900.00 — trading 53% below its estimated fair value. The current Return-on-Tangible-Asset is 30.44%, which is 99% above median its 10-year median of 15.27 and 942.5% above the Retail - Cyclical industry median of 2.92. Phu Nhuan Jewelry JSC's overall GF Score™ is 96/100 with 3 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 Phu Nhuan Jewelry JSC (STC:PNJ), the current Return-on-Tangible-Asset is 30.44% 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 Phu Nhuan Jewelry JSC (STC:PNJ) Overvalued in 2026?
Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC stock appears to be undervalued.
The current stock price of ₫32,900.00 is trading 53% below its estimated GF Value™ of ₫70,051.17.
GuruFocus considers Phu Nhuan Jewelry JSC to be Significantly Undervalued.
Key valuation signals for STC:PNJ:
Return-on-Tangible-Asset: 30.44% (99% above median its 10-year median of 15.27)
GF Value™: ₫70,051.17 vs. price of ₫32,900.00 (53% below fair value)
Industry Position: 942.5% above the Retail - Cyclical median (#54 of 1136)
No single metric tells the full story. See the STC:PNJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phu Nhuan Jewelry JSC is engaged in the manufacturing and trading of gold, silver, jewelry, and gemstones, and imports and exports jewelry in gold, silver, and gemstones. The other activities are mainly trading accessories and jewelry inspection services. It offers products such as rings, earrings, bracelets, pendants, necklaces, etc., under different brands such as CAO Fine Jewellery, Mancode by PNJ, Style by PNJ, PNJArt, PNJ Silver and Accessories, and others. Geographically, the company conducts its operations only in Vietnam.
96GF Score
Get the complete analysis for STC:PNJ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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