Song Hong Garment JSCSTC:MSH 79 Return-on-Tangible-Equity is 16.79% as of Mar. 2026, which is 41% below its 10-year median of 28.43. GuruFocus rates STC:MSH with a GF Score™ of 79/100 and a GF Value™ of ₫34,379.53 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, Song Hong Garment JSC ranks better than 92.91% 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. Song Hong Garment JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫326,638 Mil. Song Hong Garment JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫1,944,867 Mil. Therefore, Song Hong Garment JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.79%.
The historical rank and industry rank for Song Hong Garment JSC's Return-on-Tangible-Equity or its related term are showing as below:
STC:MSH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.12 Med: 28.43 Max: 43.57
Current: 33.71
During the past 8 years, Song Hong Garment JSC's highest Return-on-Tangible-Equity was 43.57%. The lowest was 15.12%. And the median was 28.43%.
STC:MSH's Return-on-Tangible-Equity is ranked better than 92.91% of 1016
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.47
vs STC:MSH: 33.71
Song Hong Garment JSC (STC:MSH) 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.
Song Hong Garment JSC Return-on-Tangible-Equity Related Terms
Song Hong Garment JSC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Song Hong Garment 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.
Song Hong Garment JSC Return-on-Tangible-Equity Chart
STC:MSH vs RL, LEVI, VFC: Return-on-Tangible-Equity Comparison
For the Apparel Manufacturing subindustry, Song Hong Garment 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.
Song Hong Garment JSC Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Song Hong Garment JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Song Hong Garment 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 16.79% mean?
Song Hong Garment JSC (STC:MSH) has a Return-on-Tangible-Equity of 16.79% 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 Song Hong Garment JSC and its competitors. This is 41% below median its historical median of 28.43. Over the past decade, Song Hong Garment JSC's Return-on-Tangible-Equity has ranged from 15.12 to 43.57. According to the industry distribution chart, Song Hong Garment JSC ranks #72 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 7.1%.
Is Song Hong Garment JSC's Return-on-Tangible-Equity too high?
Song Hong Garment JSC's current Return-on-Tangible-Equity of 16.79% is 41% below median its 10-year median of 28.43. Over the past 10 years, this metric has ranged from a low of 15.12 to a high of 43.57. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.47. Song Hong Garment JSC's value of 16.79% is 275.6% above this industry median. Based on the distribution chart, Song Hong Garment JSC ranks #72 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Song Hong Garment JSC has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Song Hong Garment JSC's Return-on-Tangible-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Song Hong Garment JSC ranks #72 out of 1016 companies for Return-on-Tangible-Equity. This places Song Hong Garment JSC in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.47. Song Hong Garment JSC's value of 16.79% is 275.6% above this benchmark. Historically, Song Hong Garment JSC's own Return-on-Tangible-Equity has ranged from 15.12 to 43.57 over the past decade. While the company's 10-year median is 28.43 vs. the industry median of 4.47, Song Hong Garment 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.47, based on 1,016 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. Song Hong Garment JSC's current Return-on-Tangible-Equity of 16.79% is 275.6% 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 Song Hong Garment JSC and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Song Hong Garment JSC's current Return-on-Tangible-Equity is 16.79%, which is 41% below median its own 10-year median of 28.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Hong Garment JSC stock overvalued right now?
Based on GuruFocus' analysis, Song Hong Garment JSC (STC:MSH) is currently considered Fairly Valued. The stock's GF Value™ is ₫34,379.53, compared to a current price of ₫33,900.00 — trading 1.4% below its estimated fair value. The current Return-on-Tangible-Equity is 16.79%, which is 41% below median its 10-year median of 28.43 and 275.6% above the Manufacturing - Apparel & Accessories industry median of 4.47. Song Hong Garment JSC's overall GF Score™ is 79/100 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 Song Hong Garment JSC (STC:MSH), the current Return-on-Tangible-Equity is 16.79% 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 Song Hong Garment JSC (STC:MSH) Overvalued in 2026?
Based on GuruFocus' analysis, Song Hong Garment JSC stock appears to be undervalued.
The current stock price of ₫33,900.00 is trading 1.4% below its estimated GF Value™ of ₫34,379.53.
GuruFocus considers Song Hong Garment JSC to be Fairly Valued.
Key valuation signals for STC:MSH:
Return-on-Tangible-Equity: 16.79% (41% below median its 10-year median of 28.43)
GF Value™: ₫34,379.53 vs. price of ₫33,900.00 (1.4% below fair value)
Industry Position: 275.6% above the Manufacturing - Apparel & Accessories median (#72 of 1016)
No single metric tells the full story. See the STC:MSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Song Hong Garment JSC is a Vietnam-based manufacturer and distributor of garment and textile products. The company has a market presence in Vietnam and the international market. Its product offerings include bedding and all lines of clothing for men, women, and children. the principal activities includes Producing clothes for domestic market; Producing carpets, blankets; Trading on industrial products for domestic market; Sewing clothes (except for clothes made of animal leather and feather); Trading on other kinds of materials, equipments and spare parts for the garment-textile industry; Producing knitted clothes; Wholesaler of fabrics, clothes and shoes; Trading on domestic cigarettes, alcohol and cosmetics; Warehousing and storing services; and Others.
79GF Score
Get the complete analysis for STC:MSH
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STC:MSH has been successfully added to your 
