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IPA Investment Group JSCHSTC:IPA 85 Return-on-Tangible-Equity is 8.15% as of Mar. 2026, which is 22% below its 10-year median of 10.46. GuruFocus rates HSTC:IPA with a GF Score™ of 85/100 and a GF Value™ of ₫23,275.23 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 783 Capital Markets companies, IPA Investment Group JSC ranks better than 66.03% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. IPA Investment Group JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫381,673 Mil. IPA Investment Group JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫4,683,465 Mil. Therefore, IPA Investment Group JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.15%.
The historical rank and industry rank for IPA Investment Group JSC's Return-on-Tangible-Equity or its related term are showing as below:
HSTC:IPA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.85 Med: 10.46 Max: 67.12
Current: 12.29
During the past 8 years, IPA Investment Group JSC's highest Return-on-Tangible-Equity was 67.12%. The lowest was 2.85%. And the median was 10.46%.
HSTC:IPA's Return-on-Tangible-Equity is ranked better than 66.03% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs HSTC:IPA: 12.29
IPA Investment Group JSC (HSTC:IPA) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
IPA Investment Group JSC Return-on-Tangible-Equity Related Terms
IPA Investment Group JSC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IPA Investment Group JSC's Return-on-Tangible-Equity 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.
IPA Investment Group JSC Return-on-Tangible-Equity Chart
HSTC:IPA vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, IPA Investment Group JSC's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
IPA Investment Group JSC Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IPA Investment Group JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IPA Investment Group JSC's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.15% mean?
IPA Investment Group JSC (HSTC:IPA) has a Return-on-Tangible-Equity of 8.15% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IPA Investment Group JSC and its competitors. This is 22% below median its historical median of 10.46. Over the past decade, IPA Investment Group JSC's Return-on-Tangible-Equity has ranged from 2.85 to 67.12. According to the industry distribution chart, IPA Investment Group JSC ranks #266 out of 783 companies in the Capital Markets industry, placing it in the top 34%.
Is IPA Investment Group JSC's Return-on-Tangible-Equity too high?
IPA Investment Group JSC's current Return-on-Tangible-Equity of 8.15% is 22% below median its 10-year median of 10.46. Over the past 10 years, this metric has ranged from a low of 2.85 to a high of 67.12. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. IPA Investment Group JSC's value of 8.15% is 26.4% above this industry median. Based on the distribution chart, IPA Investment Group JSC ranks #266 out of 783 companies in the Capital Markets industry, which is above the industry midpoint. Overall, IPA Investment Group JSC has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IPA Investment Group JSC's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, IPA Investment Group JSC ranks #266 out of 783 companies for Return-on-Tangible-Equity. This puts IPA Investment Group JSC in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.45. IPA Investment Group JSC's value of 8.15% is 26.4% above this benchmark. Historically, IPA Investment Group JSC's own Return-on-Tangible-Equity has ranged from 2.85 to 67.12 over the past decade. While the company's 10-year median is 10.46 vs. the industry median of 6.45, IPA Investment Group 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-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 783 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPA Investment Group JSC's current Return-on-Tangible-Equity of 8.15% is 26.4% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IPA Investment Group JSC and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPA Investment Group JSC's current Return-on-Tangible-Equity is 8.15%, which is 22% below median its own 10-year median of 10.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPA Investment Group JSC stock overvalued right now?
Based on GuruFocus' analysis, IPA Investment Group JSC (HSTC:IPA) is currently considered Possible Value Trap. The stock's GF Value™ is ₫23,275.23, compared to a current price of ₫15,200.00 — trading 34.7% below its estimated fair value. The current Return-on-Tangible-Equity is 8.15%, which is 22% below median its 10-year median of 10.46 and 26.4% above the Capital Markets industry median of 6.45. IPA Investment Group JSC's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For IPA Investment Group JSC (HSTC:IPA), the current Return-on-Tangible-Equity is 8.15% 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 IPA Investment Group JSC (HSTC:IPA) Overvalued in 2026?
Based on GuruFocus' analysis, IPA Investment Group JSC stock appears to be undervalued.
The current stock price of ₫15,200.00 is trading 34.7% below its estimated GF Value™ of ₫23,275.23.
GuruFocus considers IPA Investment Group JSC to be Possible Value Trap.
Key valuation signals for HSTC:IPA:
Return-on-Tangible-Equity: 8.15% (22% below median its 10-year median of 10.46)
GF Value™: ₫23,275.23 vs. price of ₫15,200.00 (34.7% below fair value)
Industry Position: 26.4% above the Capital Markets median (#266 of 783)
No single metric tells the full story. See the HSTC:IPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPA Investment Group JSC is a multi-sector investment group building and operating a business ecosystem under the Capability Bank model. It operates diversified business lines directly and/or through subsidiaries, associated companies, and enterprises within the IPA Group ecosystem in Vietnam. The Group's operating business segments are: Financial Services, Investment, Commercial electricity production, Business solutions, F&B, and Others: other services, real estate, goods, etc. The majority of its revenue is derived from its Business solutions and Commercial electricity production segments. These segments offer technology and digital solutions to businesses and engage in construction investment, power facilities development, and the trading of commercial electricity.
85GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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