Ho Chi Minh City SecuritiesSTC:HCM 62 Return-on-Tangible-Equity is 8.04% as of Mar. 2026, which is 33% below its 10-year median of 12.00. GuruFocus rates STC:HCM with a GF Score™ of 62/100 and a GF Value™ of ₫24,229.52 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 783 Capital Markets companies, Ho Chi Minh City Securities ranks better than 62.2% 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. Ho Chi Minh City Securities's annualized net income for the quarter that ended in Mar. 2026 was ₫1,162,882 Mil. Ho Chi Minh City Securities's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫14,468,277 Mil. Therefore, Ho Chi Minh City Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.04%.
The historical rank and industry rank for Ho Chi Minh City Securities's Return-on-Tangible-Equity or its related term are showing as below:
STC:HCM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.33 Med: 12 Max: 23.26
Current: 10.35
During the past 13 years, Ho Chi Minh City Securities's highest Return-on-Tangible-Equity was 23.26%. The lowest was 8.33%. And the median was 12.00%.
STC:HCM's Return-on-Tangible-Equity is ranked better than 62.2% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs STC:HCM: 10.35
Ho Chi Minh City Securities (STC:HCM) 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.
Ho Chi Minh City Securities Return-on-Tangible-Equity Related Terms
Ho Chi Minh City Securities Return-on-Tangible-Equity Historical Data
* 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.
Ho Chi Minh City Securities Return-on-Tangible-Equity Chart
STC:HCM vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Ho Chi Minh City 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.
Ho Chi Minh City Securities Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Ho Chi Minh City Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ho Chi Minh City 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 8.04% mean?
Ho Chi Minh City Securities (STC:HCM) has a Return-on-Tangible-Equity of 8.04% 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 Ho Chi Minh City Securities and its competitors. This is 33% below median its historical median of 12.00. Over the past decade, Ho Chi Minh City Securities' Return-on-Tangible-Equity has ranged from 8.33 to 23.26. According to the industry distribution chart, Ho Chi Minh City Securities ranks #296 out of 783 companies in the Capital Markets industry, placing it in the top 37.8%.
Is Ho Chi Minh City Securities' Return-on-Tangible-Equity too high?
Ho Chi Minh City Securities' current Return-on-Tangible-Equity of 8.04% is 33% below median its 10-year median of 12.00. Over the past 10 years, this metric has ranged from a low of 8.33 to a high of 23.26. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. Ho Chi Minh City Securities' value of 8.04% is 24.7% above this industry median. Based on the distribution chart, Ho Chi Minh City Securities ranks #296 out of 783 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Ho Chi Minh City Securities has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ho Chi Minh City Securities' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Ho Chi Minh City Securities ranks #296 out of 783 companies for Return-on-Tangible-Equity. This puts Ho Chi Minh City Securities in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.45. Ho Chi Minh City Securities' value of 8.04% is 24.7% above this benchmark. Historically, Ho Chi Minh City Securities' own Return-on-Tangible-Equity has ranged from 8.33 to 23.26 over the past decade. While the company's 10-year median is 12.00 vs. the industry median of 6.45, Ho Chi Minh City Securities 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. Ho Chi Minh City Securities's current Return-on-Tangible-Equity of 8.04% is 24.7% 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 Ho Chi Minh City 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. Ho Chi Minh City Securities's current Return-on-Tangible-Equity is 8.04%, which is 33% below median its own 10-year median of 12.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ho Chi Minh City Securities stock overvalued right now?
Based on GuruFocus' analysis, Ho Chi Minh City Securities (STC:HCM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫24,229.52, compared to a current price of ₫27,200.00 — trading 12.3% above its estimated fair value. The current Return-on-Tangible-Equity is 8.04%, which is 33% below median its 10-year median of 12.00 and 24.7% above the Capital Markets industry median of 6.45. Ho Chi Minh City Securities' overall GF Score™ is 62/100 with 10 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 Ho Chi Minh City Securities (STC:HCM), the current Return-on-Tangible-Equity is 8.04% 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 Ho Chi Minh City Securities (STC:HCM) Overvalued in 2026?
Based on GuruFocus' analysis, Ho Chi Minh City Securities stock appears to be overvalued.
The current stock price of ₫27,200.00 is trading 12.3% above its estimated GF Value™ of ₫24,229.52.
GuruFocus considers Ho Chi Minh City Securities to be Modestly Overvalued.
Key valuation signals for STC:HCM:
Return-on-Tangible-Equity: 8.04% (33% below median its 10-year median of 12.00)
GF Value™: ₫24,229.52 vs. price of ₫27,200.00 (12.3% above fair value)
Industry Position: 24.7% above the Capital Markets median (#296 of 783)
No single metric tells the full story. See the STC:HCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ho Chi Minh City Securities Corporation is a professional securities brokerage firm in Vietnam. It provides a comprehensive suite of financial services to institutional & private clients. The company focuses on professional investment advisory services backed by a highly recognized research team.
62GF Score
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