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Thac BA Hydropower JSCSTC:TBC -0.62%68 Return-on-Tangible-Asset is 17.73% as of Mar. 2026, which is 40% above its 10-year median of 12.66. GuruFocus rates STC:TBC with a GF Score™ of 68/100 and a GF Value™ of ₫43,812.42 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Thac BA Hydropower JSC ranks better than 95.77% 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. Thac BA Hydropower JSC's annualizedNet Income for the quarter that ended in Mar. 2026 was ₫284,338 Mil. Thac BA Hydropower JSC's average total tangible assets for the quarter that ended in Mar. 2026 was ₫1,603,763 Mil. Therefore, Thac BA Hydropower JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.73%.
The historical rank and industry rank for Thac BA Hydropower JSC's Return-on-Tangible-Asset or its related term are showing as below:
STC:TBC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.7 Med: 12.66 Max: 22.39
Current: 14.99
During the past 13 years, Thac BA Hydropower JSC's highest Return-on-Tangible-Asset was 22.39%. The lowest was 8.70%. And the median was 12.66%.
STC:TBC's Return-on-Tangible-Asset is ranked better than 95.77% of 449
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29
vs STC:TBC: 14.99
Thac BA Hydropower JSC (STC:TBC) 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.
Thac BA Hydropower JSC Return-on-Tangible-Asset Related Terms
Thac BA Hydropower JSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thac BA Hydropower 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.
Thac BA Hydropower JSC Return-on-Tangible-Asset Chart
STC:TBC vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Thac BA Hydropower 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.
Thac BA Hydropower JSC Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thac BA Hydropower JSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thac BA Hydropower 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 17.73% mean?
Thac BA Hydropower JSC (STC:TBC) has a Return-on-Tangible-Asset of 17.73% 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 Thac BA Hydropower JSC and its competitors. This is 40% above median its historical median of 12.66. Over the past decade, Thac BA Hydropower JSC's Return-on-Tangible-Asset has ranged from 8.70 to 22.39. According to the industry distribution chart, Thac BA Hydropower JSC ranks #19 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 4.2%.
Is Thac BA Hydropower JSC's Return-on-Tangible-Asset too high?
Thac BA Hydropower JSC's current Return-on-Tangible-Asset of 17.73% is 40% above median its 10-year median of 12.66. Over the past 10 years, this metric has ranged from a low of 8.70 to a high of 22.39. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.29. Thac BA Hydropower JSC's value of 17.73% is 1274.4% above this industry median. Based on the distribution chart, Thac BA Hydropower JSC ranks #19 out of 449 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Thac BA Hydropower JSC has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thac BA Hydropower JSC's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Thac BA Hydropower JSC ranks #19 out of 449 companies for Return-on-Tangible-Asset. This places Thac BA Hydropower JSC in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.29. Thac BA Hydropower JSC's value of 17.73% is 1274.4% above this benchmark. Historically, Thac BA Hydropower JSC's own Return-on-Tangible-Asset has ranged from 8.70 to 22.39 over the past decade. While the company's 10-year median is 12.66 vs. the industry median of 1.29, Thac BA Hydropower 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 449 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. Thac BA Hydropower JSC's current Return-on-Tangible-Asset of 17.73% is 1274.4% 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 Thac BA Hydropower JSC and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thac BA Hydropower JSC's current Return-on-Tangible-Asset is 17.73%, which is 40% above median its own 10-year median of 12.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thac BA Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Thac BA Hydropower JSC (STC:TBC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫43,812.42, compared to a current price of ₫32,000.00 — trading 27% below its estimated fair value. The current Return-on-Tangible-Asset is 17.73%, which is 40% above median its 10-year median of 12.66 and 1274.4% above the Utilities - Independent Power Producers industry median of 1.29. Thac BA Hydropower JSC's overall GF Score™ is 68/100 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 Thac BA Hydropower JSC (STC:TBC), the current Return-on-Tangible-Asset is 17.73% 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 Thac BA Hydropower JSC (STC:TBC) Overvalued in 2026?
Based on GuruFocus' analysis, Thac BA Hydropower JSC stock appears to be undervalued.
The current stock price of ₫32,000.00 is trading 27% below its estimated GF Value™ of ₫43,812.42.
GuruFocus considers Thac BA Hydropower JSC to be Modestly Undervalued.
Key valuation signals for STC:TBC:
Return-on-Tangible-Asset: 17.73% (40% above median its 10-year median of 12.66)
GF Value™: ₫43,812.42 vs. price of ₫32,000.00 (27% below fair value)
Industry Position: 1274.4% above the Utilities - Independent Power Producers median (#19 of 449)
No single metric tells the full story. See the STC:TBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thac BA Hydropower JSC is a Vietnam-based company involved in producing and trading electricity. It is also involved in the management, operation, repair, maintenance, overhaul, and renovation of hydraulic works, architectural works, equipment of hydropower plants, and transformer stations. The other business activities of the organization are Testing and adjusting electrical equipment; Purchase and sale, import and export of materials and equipment; Consultancy of construction investment projects, construction investment management, supervision and supervision of construction and installation of electricity projects; Investing in power and grid projects; Fostering, training on management, operation, maintenance and repair of power plant equipment; and Business travel services.
68GF Score
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