Thac BA Hydropower JSCSTC:TBC -1.52%68 Return-on-Tangible-Equity is 26.77% as of Mar. 2026, which is 39% above its 10-year median of 19.26. GuruFocus rates STC:TBC with a GF Score™ of 68/100 and a GF Value™ of ₫43,913.02 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 426 Utilities - Independent Power Producers companies, Thac BA Hydropower JSC ranks better than 86.38% 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. Thac BA Hydropower JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫284,338 Mil. Thac BA Hydropower JSC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫1,062,020 Mil. Therefore, Thac BA Hydropower JSC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.77%.
The historical rank and industry rank for Thac BA Hydropower JSC's Return-on-Tangible-Equity or its related term are showing as below:
STC:TBC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.11 Med: 19.26 Max: 36.15
Current: 22.46
During the past 13 years, Thac BA Hydropower JSC's highest Return-on-Tangible-Equity was 36.15%. The lowest was 13.11%. And the median was 19.26%.
STC:TBC's Return-on-Tangible-Equity is ranked better than 86.38% of 426
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.69
vs STC:TBC: 22.46
Thac BA Hydropower JSC (STC:TBC) 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.
Thac BA Hydropower JSC Return-on-Tangible-Equity Related Terms
Thac BA Hydropower JSC Return-on-Tangible-Equity Historical Data
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The historical data trend for Thac BA Hydropower 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.
Thac BA Hydropower JSC Return-on-Tangible-Equity Chart
STC:TBC vs CEG, VST, NRG: Return-on-Tangible-Equity Comparison
For the Utilities - Independent Power Producers subindustry, Thac BA Hydropower 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.
Thac BA Hydropower JSC Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thac BA Hydropower JSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thac BA Hydropower 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 26.77% mean?
Thac BA Hydropower JSC (STC:TBC) has a Return-on-Tangible-Equity of 26.77% 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 Thac BA Hydropower JSC and its competitors. This is 39% above median its historical median of 19.26. Over the past decade, Thac BA Hydropower JSC's Return-on-Tangible-Equity has ranged from 13.11 to 36.15. According to the industry distribution chart, Thac BA Hydropower JSC ranks #58 out of 426 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.6%.
Is Thac BA Hydropower JSC's Return-on-Tangible-Equity too high?
Thac BA Hydropower JSC's current Return-on-Tangible-Equity of 26.77% is 39% above median its 10-year median of 19.26. Over the past 10 years, this metric has ranged from a low of 13.11 to a high of 36.15. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.69. Thac BA Hydropower JSC's value of 26.77% is 470.8% above this industry median. Based on the distribution chart, Thac BA Hydropower JSC ranks #58 out of 426 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Thac BA Hydropower JSC has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thac BA Hydropower JSC's Return-on-Tangible-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Thac BA Hydropower JSC ranks #58 out of 426 companies for Return-on-Tangible-Equity. This places Thac BA Hydropower JSC in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.69. Thac BA Hydropower JSC's value of 26.77% is 470.8% above this benchmark. Historically, Thac BA Hydropower JSC's own Return-on-Tangible-Equity has ranged from 13.11 to 36.15 over the past decade. While the company's 10-year median is 19.26 vs. the industry median of 4.69, Thac BA Hydropower 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.69, based on 426 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. Thac BA Hydropower JSC's current Return-on-Tangible-Equity of 26.77% is 470.8% 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 Thac BA Hydropower JSC and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thac BA Hydropower JSC's current Return-on-Tangible-Equity is 26.77%, which is 39% above median its own 10-year median of 19.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thac BA Hydropower JSC stock overvalued right now?
Based on GuruFocus' analysis, Thac BA Hydropower JSC (STC:TBC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫43,913.02, compared to a current price of ₫32,500.00 — trading 26% below its estimated fair value. The current Return-on-Tangible-Equity is 26.77%, which is 39% above median its 10-year median of 19.26 and 470.8% above the Utilities - Independent Power Producers industry median of 4.69. Thac BA Hydropower JSC's overall GF Score™ is 68/100 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 Thac BA Hydropower JSC (STC:TBC), the current Return-on-Tangible-Equity is 26.77% 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 Thac BA Hydropower JSC (STC:TBC) Overvalued in 2026?
Based on GuruFocus' analysis, Thac BA Hydropower JSC stock appears to be undervalued.
The current stock price of ₫32,500.00 is trading 26% below its estimated GF Value™ of ₫43,913.02.
GuruFocus considers Thac BA Hydropower JSC to be Modestly Undervalued.
Key valuation signals for STC:TBC:
Return-on-Tangible-Equity: 26.77% (39% above median its 10-year median of 19.26)
GF Value™: ₫43,913.02 vs. price of ₫32,500.00 (26% below fair value)
Industry Position: 470.8% above the Utilities - Independent Power Producers median (#58 of 426)
No single metric tells the full story. See the STC:TBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thac BA Hydropower JSC is a Vietnam-based company involved in producing and trading electricity. It is also involved in the management, operation, repair, maintenance, overhaul, and renovation of hydraulic works, architectural works, equipment of hydropower plants, and transformer stations. The other business activities of the organization are Testing and adjusting electrical equipment; Purchase and sale, import and export of materials and equipment; Consultancy of construction investment projects, construction investment management, supervision and supervision of construction and installation of electricity projects; Investing in power and grid projects; Fostering, training on management, operation, maintenance and repair of power plant equipment; and Business travel services.
68GF Score
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