Airports of VietnamHSTC:ACV -0.23%88 ROC (Joel Greenblatt) % is 24.87% as of Dec. 2025, which is 25% below its 10-year median of 33.09. GuruFocus rates HSTC:ACV with a GF Score™ of 88/100 and a GF Value™ of ₫106,828.35 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 997 Transportation companies, Airports of Vietnam ranks better than 80.34% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Airports of Vietnam's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 24.87%.
The historical rank and industry rank for Airports of Vietnam's ROC (Joel Greenblatt) % or its related term are showing as below:
HSTC:ACV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.19 Med: 33.09 Max: 56.58
Current: 27.68
During the past 10 years, Airports of Vietnam's highest ROC (Joel Greenblatt) % was 56.58%. The lowest was 7.19%. And the median was 33.09%.
HSTC:ACV's ROC (Joel Greenblatt) % is ranked better than 80.34% of 997
companies
in the Transportation industry
Industry Median: 11.77
vs HSTC:ACV: 27.68
Airports of Vietnam's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 27.90% per year.
Airports of Vietnam (HSTC:ACV) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Airports of Vietnam ROC (Joel Greenblatt) % Related Terms
Airports of Vietnam ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Airports of Vietnam's ROC (Joel Greenblatt) % 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.
HSTC:ACV vs JOBY, CAAP: ROC (Joel Greenblatt) % Comparison
For the Airports & Air Services subindustry, Airports of Vietnam's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.
Airports of Vietnam ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Airports of Vietnam's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Airports of Vietnam's ROC (Joel Greenblatt) % falls into.
Airports of Vietnam ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 24.87% mean?
Airports of Vietnam (HSTC:ACV) has a ROC (Joel Greenblatt) % of 24.87% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Airports of Vietnam and its competitors. This is 25% below median its historical median of 33.09. Over the past decade, Airports of Vietnam's ROC (Joel Greenblatt) % has ranged from 7.19 to 56.58. According to the industry distribution chart, Airports of Vietnam ranks #196 out of 997 companies in the Transportation industry, placing it in the top 19.7%.
Is Airports of Vietnam's ROC (Joel Greenblatt) % too high?
Airports of Vietnam's current ROC (Joel Greenblatt) % of 24.87% is 25% below median its 10-year median of 33.09. Over the past 10 years, this metric has ranged from a low of 7.19 to a high of 56.58. The Transportation industry median ROC (Joel Greenblatt) % is 11.77. Airports of Vietnam's value of 24.87% is 111.3% above this industry median. Based on the distribution chart, Airports of Vietnam ranks #196 out of 997 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Airports of Vietnam has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Airports of Vietnam's ROC (Joel Greenblatt) % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Airports of Vietnam ranks #196 out of 997 companies for ROC (Joel Greenblatt) %. This places Airports of Vietnam in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.77. Airports of Vietnam's value of 24.87% is 111.3% above this benchmark. Historically, Airports of Vietnam's own ROC (Joel Greenblatt) % has ranged from 7.19 to 56.58 over the past decade. While the company's 10-year median is 33.09 vs. the industry median of 11.77, Airports of Vietnam 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 ROC (Joel Greenblatt) % for a Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.77, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airports of Vietnam's current ROC (Joel Greenblatt) % of 24.87% is 111.3% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Airports of Vietnam and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airports of Vietnam's current ROC (Joel Greenblatt) % is 24.87%, which is 25% below median its own 10-year median of 33.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airports of Vietnam stock overvalued right now?
Based on GuruFocus' analysis, Airports of Vietnam (HSTC:ACV) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫106,828.35, compared to a current price of ₫42,500.00 — trading 60.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.87%, which is 25% below median its 10-year median of 33.09 and 111.3% above the Transportation industry median of 11.77. Airports of Vietnam's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Airports of Vietnam (HSTC:ACV), the current ROC (Joel Greenblatt) % is 24.87% as of Dec. 2025. 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 Airports of Vietnam (HSTC:ACV) Overvalued in 2026?
Based on GuruFocus' analysis, Airports of Vietnam stock appears to be undervalued.
The current stock price of ₫42,500.00 is trading 60.2% below its estimated GF Value™ of ₫106,828.35.
GuruFocus considers Airports of Vietnam to be Significantly Undervalued.
Key valuation signals for HSTC:ACV:
ROC (Joel Greenblatt) %: 24.87% (25% below median its 10-year median of 33.09)
GF Value™: ₫106,828.35 vs. price of ₫42,500.00 (60.2% below fair value)
Industry Position: 111.3% above the Transportation median (#196 of 997)
No single metric tells the full story. See the HSTC:ACV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Airports Corp. of Vietnam is engaged in managing international and domestic airports. The company is involved in investment, management of capital investments, direct manufacturing at airports, and aerodromes; Provision of services of aviation safety; Supply of technical services, science and technology services both domestic and offshore areas; and other related activities.
88GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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