Vndirect SecuritiesSTC:VND -1.09%87 Return-on-Tangible-Equity is 10.33% as of Mar. 2026, which is 19% below its 10-year median of 12.73. GuruFocus rates STC:VND with a GF Score™ of 87/100 and a GF Value™ of ₫20,171.88 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 781 Capital Markets companies, Vndirect Securities ranks better than 62.61% 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. Vndirect Securities's annualized net income for the quarter that ended in Mar. 2026 was ₫2,181,342 Mil. Vndirect Securities's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₫21,116,768 Mil. Therefore, Vndirect Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.33%.
The historical rank and industry rank for Vndirect Securities's Return-on-Tangible-Equity or its related term are showing as below:
STC:VND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.51 Med: 12.73 Max: 35.1
Current: 10.67
During the past 13 years, Vndirect Securities's highest Return-on-Tangible-Equity was 35.10%. The lowest was 9.51%. And the median was 12.73%.
STC:VND's Return-on-Tangible-Equity is ranked better than 62.61% of 781
companies
in the Capital Markets industry
Industry Median: 6.52
vs STC:VND: 10.67
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.
Vndirect Securities Return-on-Tangible-Equity Related Terms
Vndirect Securities Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vndirect Securities'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:VND vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Vndirect 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.
Vndirect Securities Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Vndirect Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vndirect 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 10.33% mean?
Vndirect Securities (STC:VND) has a Return-on-Tangible-Equity of 10.33% 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 Vndirect Securities and its competitors. This is 19% below median its historical median of 12.73. Over the past decade, Vndirect Securities' Return-on-Tangible-Equity has ranged from 9.51 to 35.10. According to the industry distribution chart, Vndirect Securities ranks #292 out of 781 companies in the Capital Markets industry, placing it in the top 37.4%.
Is Vndirect Securities' Return-on-Tangible-Equity too high?
Vndirect Securities' current Return-on-Tangible-Equity of 10.33% is 19% below median its 10-year median of 12.73. Over the past 10 years, this metric has ranged from a low of 9.51 to a high of 35.10. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Vndirect Securities' value of 10.33% is 58.4% above this industry median. Based on the distribution chart, Vndirect Securities ranks #292 out of 781 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Vndirect Securities has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vndirect Securities' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Vndirect Securities ranks #292 out of 781 companies for Return-on-Tangible-Equity. This puts Vndirect Securities in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Vndirect Securities' value of 10.33% is 58.4% above this benchmark. Historically, Vndirect Securities' own Return-on-Tangible-Equity has ranged from 9.51 to 35.10 over the past decade. While the company's 10-year median is 12.73 vs. the industry median of 6.52, Vndirect 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 6.52, based on 781 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. Vndirect Securities's current Return-on-Tangible-Equity of 10.33% is 58.4% 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 Vndirect Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vndirect Securities's current Return-on-Tangible-Equity is 10.33%, which is 19% below median its own 10-year median of 12.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vndirect Securities stock overvalued right now?
Based on GuruFocus' analysis, Vndirect Securities (STC:VND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫20,171.88, compared to a current price of ₫18,200.00 — trading 9.8% below its estimated fair value. The current Return-on-Tangible-Equity is 10.33%, which is 19% below median its 10-year median of 12.73 and 58.4% above the Capital Markets industry median of 6.52. Vndirect Securities' overall GF Score™ is 87/100 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 Vndirect Securities (STC:VND), the current Return-on-Tangible-Equity is 10.33% 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 Vndirect Securities (STC:VND) Overvalued in 2026?
Based on GuruFocus' analysis, Vndirect Securities stock appears to be undervalued.
The current stock price of ₫18,200.00 is trading 9.8% below its estimated GF Value™ of ₫20,171.88.
GuruFocus considers Vndirect Securities to be Modestly Undervalued.
Key valuation signals for STC:VND:
Return-on-Tangible-Equity: 10.33% (19% below median its 10-year median of 12.73)
GF Value™: ₫20,171.88 vs. price of ₫18,200.00 (9.8% below fair value)
Industry Position: 58.4% above the Capital Markets median (#292 of 781)
No single metric tells the full story. See the STC:VND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vndirect Securities Corp is engaged in the brokerage business. The company provides corporate finance consulting, self-trading, underwriting, and portfolio management.
87GF Score
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