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 Nam Airlines JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫17,552,047 Mil. Viet Nam Airlines JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫7,902,978 Mil. Therefore, Viet Nam Airlines JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 222.09%.
The historical rank and industry rank for Viet Nam Airlines JSC's Return-on-Tangible-Equity or its related term are showing as below:
STC:HVN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -347.33 Med: -39 Max: 399.61
Current: 399.61
During the past 8 years, Viet Nam Airlines JSC's highest Return-on-Tangible-Equity was 399.61%. The lowest was -347.33%. And the median was -39.00%.
STC:HVN's Return-on-Tangible-Equity is ranked better than 93.97% of 978
companies
in the Transportation industry
Industry Median: 8.985
vs STC:HVN: 399.61
Viet Nam Airlines JSC (STC:HVN) 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 Nam Airlines JSC Return-on-Tangible-Equity Related Terms
Viet Nam Airlines JSC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Viet Nam Airlines 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.
Viet Nam Airlines JSC Return-on-Tangible-Equity Chart
STC:HVN vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Viet Nam Airlines 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.
Viet Nam Airlines JSC Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Viet Nam Airlines JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Viet Nam Airlines 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 222.09% mean?
Viet Nam Airlines JSC (STC:HVN) has a Return-on-Tangible-Equity of 222.09% 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 Nam Airlines JSC and its competitors. According to the industry distribution chart, Viet Nam Airlines JSC ranks #59 out of 978 companies in the Transportation industry, placing it in the top 6%.
Is Viet Nam Airlines JSC's Return-on-Tangible-Equity too high?
Viet Nam Airlines JSC's current Return-on-Tangible-Equity is 222.09%. The Transportation industry median Return-on-Tangible-Equity is 8.99. Viet Nam Airlines JSC's value of 222.09% is 2371.8% above this industry median. Based on the distribution chart, Viet Nam Airlines JSC ranks #59 out of 978 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Viet Nam Airlines JSC has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Airlines JSC's Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Viet Nam Airlines JSC ranks #59 out of 978 companies for Return-on-Tangible-Equity. This places Viet Nam Airlines JSC in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.99. Viet Nam Airlines JSC's value of 222.09% is 2371.8% above this benchmark. 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.99, based on 978 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 Nam Airlines JSC's current Return-on-Tangible-Equity of 222.09% is 2371.8% 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 Viet Nam Airlines JSC and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Airlines JSC's current Return-on-Tangible-Equity is 222.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Airlines JSC stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Airlines JSC (STC:HVN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫22,821.87, compared to a current price of ₫25,400.00 — trading 11.3% above its estimated fair value. The current Return-on-Tangible-Equity is 222.09% and 2371.8% above the Transportation industry median of 8.99. Viet Nam Airlines JSC's overall GF Score™ is 80/100 with 4 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 Viet Nam Airlines JSC (STC:HVN), the current Return-on-Tangible-Equity is 222.09% 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 Viet Nam Airlines JSC (STC:HVN) Overvalued in 2026?
Based on GuruFocus' analysis, Viet Nam Airlines JSC stock appears to be overvalued.
The current stock price of ₫25,400.00 is trading 11.3% above its estimated GF Value™ of ₫22,821.87.
GuruFocus considers Viet Nam Airlines JSC to be Modestly Overvalued.
Key valuation signals for STC:HVN:
Return-on-Tangible-Equity: 222.09%
GF Value™: ₫22,821.87 vs. price of ₫25,400.00 (11.3% above fair value)
Industry Position: 2371.8% above the Transportation median (#59 of 978)
No single metric tells the full story. See the STC:HVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viet Nam Airlines JSC is an airline service provider in Vietnam. The company provides air transportation of passengers, air transportation of luggage, cargos, parcels, postal items and mails and activities of general aviation including aerial photography of the terrain, geological surveys and flight calibration of air stations among others.
80GF Score
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