Viet First SecuritiesHSTC:VFS -2.80%36 Return-on-Tangible-Equity is 5.88% as of Mar. 2026, which is 28% below its 10-year median of 8.21. GuruFocus rates HSTC:VFS with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 783 Capital Markets companies, Viet First Securities ranks better than 56.45% 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. Viet First Securities's annualized net income for the quarter that ended in Mar. 2026 was ₫102,124 Mil. Viet First Securities's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫1,737,910 Mil. Therefore, Viet First Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.88%.
The historical rank and industry rank for Viet First Securities's Return-on-Tangible-Equity or its related term are showing as below:
HSTC:VFS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.84 Med: 8.21 Max: 9
Current: 8.49
During the past 3 years, Viet First Securities's highest Return-on-Tangible-Equity was 9.00%. The lowest was 5.84%. And the median was 8.21%.
HSTC:VFS's Return-on-Tangible-Equity is ranked better than 56.45% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs HSTC:VFS: 8.49
Viet First Securities (HSTC:VFS) 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.
Viet First Securities Return-on-Tangible-Equity Related Terms
Viet First Securities Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Viet First Securities'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.
Viet First Securities Return-on-Tangible-Equity Chart
HSTC:VFS vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Viet First Securities'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.
Viet First Securities Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Viet First Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Viet First Securities'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 5.88% mean?
Viet First Securities (HSTC:VFS) has a Return-on-Tangible-Equity of 5.88% 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 Viet First Securities and its competitors. This is 28% below median its historical median of 8.21. Over the past decade, Viet First Securities' Return-on-Tangible-Equity has ranged from 5.84 to 9.00. According to the industry distribution chart, Viet First Securities ranks #341 out of 783 companies in the Capital Markets industry, placing it in the top 43.6%.
Is Viet First Securities' Return-on-Tangible-Equity too high?
Viet First Securities' current Return-on-Tangible-Equity of 5.88% is 28% below median its 10-year median of 8.21. Over the past 10 years, this metric has ranged from a low of 5.84 to a high of 9.00. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. Viet First Securities' value of 5.88% is 8.8% below this industry median. Based on the distribution chart, Viet First Securities ranks #341 out of 783 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Viet First Securities has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Viet First Securities' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Viet First Securities ranks #341 out of 783 companies for Return-on-Tangible-Equity. This puts Viet First Securities in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.45. Viet First Securities' value of 5.88% is 8.8% below this benchmark. Historically, Viet First Securities' own Return-on-Tangible-Equity has ranged from 5.84 to 9.00 over the past decade. While the company's 10-year median is 8.21 vs. the industry median of 6.45, Viet First Securities has consistently been below 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. Viet First Securities's current Return-on-Tangible-Equity of 5.88% is 8.8% below 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 Viet First Securities 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. Viet First Securities's current Return-on-Tangible-Equity is 5.88%, which is 28% below median its own 10-year median of 8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet First Securities stock overvalued right now?
Viet First Securities (HSTC:VFS) has a current Return-on-Tangible-Equity of 5.88%. The current Return-on-Tangible-Equity is 5.88%, which is 28% below median its 10-year median of 8.21 and 8.8% below the Capital Markets industry median of 6.45. Viet First Securities' overall GF Score™ is 36/100 with 1 warning sign 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 Viet First Securities (HSTC:VFS), the current Return-on-Tangible-Equity is 5.88% 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.
Viet First Securities Corp. is engaged in providing various financial services such as stock brokerage, securities investment consulting, self-trading in securities, securities depository, and underwriting securities.
36GF Score
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