Phu Nhuan Jewelry JSCSTC:PNJ -6.80%100 Return-on-Tangible-Equity is 44.49% as of Mar. 2026, which is 69% above its 10-year median of 26.32. GuruFocus rates STC:PNJ with a GF Score™ of 100/100 and a GF Value™ of ₫70,438.04 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Phu Nhuan Jewelry JSC ranks better than 80.94% 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. Phu Nhuan Jewelry JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫5,869,621 Mil. Phu Nhuan Jewelry JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫13,194,039 Mil. Therefore, Phu Nhuan Jewelry JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 44.49%.
The historical rank and industry rank for Phu Nhuan Jewelry JSC's Return-on-Tangible-Equity or its related term are showing as below:
STC:PNJ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.68 Med: 26.32 Max: 38.93
Current: 30.07
During the past 13 years, Phu Nhuan Jewelry JSC's highest Return-on-Tangible-Equity was 38.93%. The lowest was 20.68%. And the median was 26.32%.
STC:PNJ's Return-on-Tangible-Equity is ranked better than 80.94% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.34
vs STC:PNJ: 30.07
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.
Phu Nhuan Jewelry JSC Return-on-Tangible-Equity Related Terms
Phu Nhuan Jewelry JSC Return-on-Tangible-Equity Historical Data
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The historical data trend for Phu Nhuan Jewelry 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.
STC:PNJ vs TPR, SIG: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Phu Nhuan Jewelry 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.
Phu Nhuan Jewelry JSC Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Phu Nhuan Jewelry JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Phu Nhuan Jewelry 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 44.49% mean?
Phu Nhuan Jewelry JSC (STC:PNJ) has a Return-on-Tangible-Equity of 44.49% 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 Phu Nhuan Jewelry JSC and its competitors. This is 69% above median its historical median of 26.32. Over the past decade, Phu Nhuan Jewelry JSC's Return-on-Tangible-Equity has ranged from 20.68 to 38.93. According to the industry distribution chart, Phu Nhuan Jewelry JSC ranks #202 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 19.1%.
Is Phu Nhuan Jewelry JSC's Return-on-Tangible-Equity too high?
Phu Nhuan Jewelry JSC's current Return-on-Tangible-Equity of 44.49% is 69% above median its 10-year median of 26.32. Over the past 10 years, this metric has ranged from a low of 20.68 to a high of 38.93. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.34. Phu Nhuan Jewelry JSC's value of 44.49% is 433.5% above this industry median. Based on the distribution chart, Phu Nhuan Jewelry JSC ranks #202 out of 1060 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Phu Nhuan Jewelry JSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Phu Nhuan Jewelry JSC's Return-on-Tangible-Equity compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Phu Nhuan Jewelry JSC ranks #202 out of 1060 companies for Return-on-Tangible-Equity. This places Phu Nhuan Jewelry JSC in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.34. Phu Nhuan Jewelry JSC's value of 44.49% is 433.5% above this benchmark. Historically, Phu Nhuan Jewelry JSC's own Return-on-Tangible-Equity has ranged from 20.68 to 38.93 over the past decade. While the company's 10-year median is 26.32 vs. the industry median of 8.34, Phu Nhuan Jewelry 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.34, based on 1,060 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. Phu Nhuan Jewelry JSC's current Return-on-Tangible-Equity of 44.49% is 433.5% 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 Phu Nhuan Jewelry JSC and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phu Nhuan Jewelry JSC's current Return-on-Tangible-Equity is 44.49%, which is 69% above median its own 10-year median of 26.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phu Nhuan Jewelry JSC stock overvalued right now?
Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC (STC:PNJ) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫70,438.04, compared to a current price of ₫46,600.00 — trading 33.8% below its estimated fair value. The current Return-on-Tangible-Equity is 44.49%, which is 69% above median its 10-year median of 26.32 and 433.5% above the Retail - Cyclical industry median of 8.34. Phu Nhuan Jewelry JSC's overall GF Score™ is 100/100 with 3 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 Phu Nhuan Jewelry JSC (STC:PNJ), the current Return-on-Tangible-Equity is 44.49% 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 Phu Nhuan Jewelry JSC (STC:PNJ) Overvalued in 2026?
Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC stock appears to be undervalued.
The current stock price of ₫46,600.00 is trading 33.8% below its estimated GF Value™ of ₫70,438.04.
GuruFocus considers Phu Nhuan Jewelry JSC to be Significantly Undervalued.
Key valuation signals for STC:PNJ:
Return-on-Tangible-Equity: 44.49% (69% above median its 10-year median of 26.32)
GF Value™: ₫70,438.04 vs. price of ₫46,600.00 (33.8% below fair value)
Industry Position: 433.5% above the Retail - Cyclical median (#202 of 1060)
No single metric tells the full story. See the STC:PNJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phu Nhuan Jewelry JSC is engaged in the manufacturing and trading of gold, silver, jewelry, and gemstones, and imports and exports jewelry in gold, silver, and gemstones. The other activities are mainly trading accessories and jewelry inspection services. It offers products such as rings, earrings, bracelets, pendants, necklaces, etc., under different brands such as CAO Fine Jewellery, Mancode by PNJ, Style by PNJ, PNJArt, PNJ Silver and Accessories, and others. Geographically, the company conducts its operations only in Vietnam.
100GF Score
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