Vinhomes JSCSTC:VHM -1.14%90 Return-on-Tangible-Asset is 12.39% as of Mar. 2026, which is 26% above its 10-year median of 9.82. GuruFocus rates STC:VHM with a GF Score™ of 90/100 and a GF Value™ of ₫117,164.26 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,800 Real Estate companies, Vinhomes JSC ranks better than 90.61% 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. Vinhomes JSC's annualizedNet Income for the quarter that ended in Mar. 2026 was ₫102,207,784 Mil. Vinhomes JSC's average total tangible assets for the quarter that ended in Mar. 2026 was ₫825,129,340 Mil. Therefore, Vinhomes JSC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.39%.
The historical rank and industry rank for Vinhomes JSC's Return-on-Tangible-Asset or its related term are showing as below:
STC:VHM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.78 Med: 9.82 Max: 17.62
Current: 8.82
During the past 9 years, Vinhomes JSC's highest Return-on-Tangible-Asset was 17.62%. The lowest was 2.78%. And the median was 9.82%.
STC:VHM's Return-on-Tangible-Asset is ranked better than 90.61% of 1800
companies
in the Real Estate industry
Industry Median: 1.77
vs STC:VHM: 8.82
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.
Vinhomes JSC Return-on-Tangible-Asset Related Terms
Vinhomes JSC Return-on-Tangible-Asset Historical Data
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The historical data trend for Vinhomes 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.
For the Real Estate - Development subindustry, Vinhomes 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.
Vinhomes JSC Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Vinhomes JSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vinhomes 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 12.39% mean?
Vinhomes JSC (STC:VHM) has a Return-on-Tangible-Asset of 12.39% 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 Vinhomes JSC and its competitors. This is 26% above median its historical median of 9.82. Over the past decade, Vinhomes JSC's Return-on-Tangible-Asset has ranged from 2.78 to 17.62. According to the industry distribution chart, Vinhomes JSC ranks #169 out of 1800 companies in the Real Estate industry, placing it in the top 9.4%.
Is Vinhomes JSC's Return-on-Tangible-Asset too high?
Vinhomes JSC's current Return-on-Tangible-Asset of 12.39% is 26% above median its 10-year median of 9.82. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 17.62. The Real Estate industry median Return-on-Tangible-Asset is 1.77. Vinhomes JSC's value of 12.39% is 600% above this industry median. Based on the distribution chart, Vinhomes JSC ranks #169 out of 1800 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Vinhomes JSC has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinhomes JSC's Return-on-Tangible-Asset compare to competitors?
According to the Real Estate industry distribution chart, Vinhomes JSC ranks #169 out of 1800 companies for Return-on-Tangible-Asset. This places Vinhomes JSC in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.77. Vinhomes JSC's value of 12.39% is 600% above this benchmark. Historically, Vinhomes JSC's own Return-on-Tangible-Asset has ranged from 2.78 to 17.62 over the past decade. While the company's 10-year median is 9.82 vs. the industry median of 1.77, Vinhomes 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.77, based on 1,800 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. Vinhomes JSC's current Return-on-Tangible-Asset of 12.39% is 600% 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 Vinhomes JSC and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinhomes JSC's current Return-on-Tangible-Asset is 12.39%, which is 26% above median its own 10-year median of 9.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinhomes JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinhomes JSC (STC:VHM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫117,164.26, compared to a current price of ₫147,000.00 — trading 25.5% above its estimated fair value. The current Return-on-Tangible-Asset is 12.39%, which is 26% above median its 10-year median of 9.82 and 600% above the Real Estate industry median of 1.77. Vinhomes JSC's overall GF Score™ is 90/100 with 9 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 Vinhomes JSC (STC:VHM), the current Return-on-Tangible-Asset is 12.39% 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 Vinhomes JSC (STC:VHM) Overvalued in 2026?
Based on GuruFocus' analysis, Vinhomes JSC stock appears to be overvalued.
The current stock price of ₫147,000.00 is trading 25.5% above its estimated GF Value™ of ₫117,164.26.
GuruFocus considers Vinhomes JSC to be Modestly Overvalued.
Key valuation signals for STC:VHM:
Return-on-Tangible-Asset: 12.39% (26% above median its 10-year median of 9.82)
GF Value™: ₫117,164.26 vs. price of ₫147,000.00 (25.5% above fair value)
Industry Position: 600% above the Real Estate median (#169 of 1800)
No single metric tells the full story. See the STC:VHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vinhomes JSC is a real estate development company. The current principal activities of the Company are to develop real estate property for sale, provide leasing of offices, render real estate management and related services, provide general contractor services, consulting and designing construction services, supervision and construction management services. The company has following operating segments: Sales of inventory properties: include the transfer of properties being constructed for sale at the Company and its subsidiaries' real estate projects; Rendering consultancy and general construction contractor services: includes general contractor to investors; construction consultancy and supervision and related services; Other business activities.
90GF Score
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