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Tien Phong SecuritiesSTC:ORS -1.42%68 ROC (Joel Greenblatt) % is 16.10% as of Mar. 2026, which is 68% below its 10-year median of 50.26. GuruFocus rates STC:ORS with a GF Score™ of 68/100 and a GF Value™ of ₫2,901.13 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 677 Capital Markets companies, Tien Phong Securities ranks worse than 59.53% 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. Tien Phong Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.10%.
The historical rank and industry rank for Tien Phong Securities's ROC (Joel Greenblatt) % or its related term are showing as below:
STC:ORS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -31.6 Med: 50.26 Max: 122.67
Current: 14.25
During the past 8 years, Tien Phong Securities's highest ROC (Joel Greenblatt) % was 122.67%. The lowest was -31.60%. And the median was 50.26%.
STC:ORS's ROC (Joel Greenblatt) % is ranked worse than 59.53% of 677
companies
in the Capital Markets industry
Industry Median: 35.1
vs STC:ORS: 14.25
Tien Phong Securities's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.50% per year.
Tien Phong Securities (STC:ORS) 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.
Tien Phong Securities ROC (Joel Greenblatt) % Related Terms
Tien Phong Securities ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tien Phong Securities'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.
Tien Phong Securities ROC (Joel Greenblatt) % Chart
STC:ORS vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Tien Phong Securities'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.
Tien Phong Securities ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tien Phong Securities's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tien Phong Securities's ROC (Joel Greenblatt) % falls into.
Tien Phong Securities 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 (Mar. 2026) 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 16.10% mean?
Tien Phong Securities (STC:ORS) has a ROC (Joel Greenblatt) % of 16.10% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tien Phong Securities and its competitors. This is 68% below median its historical median of 50.26. According to the industry distribution chart, Tien Phong Securities ranks #403 out of 677 companies in the Capital Markets industry, placing it in the top 59.5%.
Is Tien Phong Securities' ROC (Joel Greenblatt) % too high?
Tien Phong Securities' current ROC (Joel Greenblatt) % of 16.10% is 68% below median its 10-year median of 50.26. The Capital Markets industry median ROC (Joel Greenblatt) % is 35.10. Tien Phong Securities' value of 16.10% is 54.1% below this industry median. Based on the distribution chart, Tien Phong Securities ranks #403 out of 677 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Tien Phong Securities has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tien Phong Securities' ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Tien Phong Securities ranks #403 out of 677 companies for ROC (Joel Greenblatt) %. This places Tien Phong Securities in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 35.10. Tien Phong Securities' value of 16.10% is 54.1% below this benchmark. While the company's 10-year median is 50.26 vs. the industry median of 35.10, Tien Phong Securities has consistently been below 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 35.10, based on 677 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. Tien Phong Securities's current ROC (Joel Greenblatt) % of 16.10% is 54.1% below 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 Tien Phong Securities and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 35.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tien Phong Securities's current ROC (Joel Greenblatt) % is 16.10%, which is 68% below median its own 10-year median of 50.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tien Phong Securities stock overvalued right now?
Based on GuruFocus' analysis, Tien Phong Securities (STC:ORS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫2,901.13, compared to a current price of ₫13,900.00 — trading 379.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.10%, which is 68% below median its 10-year median of 50.26 and 54.1% below the Capital Markets industry median of 35.10. Tien Phong Securities' overall GF Score™ is 68/100 with 5 warning signs 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 Tien Phong Securities (STC:ORS), the current ROC (Joel Greenblatt) % is 16.10% 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 Tien Phong Securities (STC:ORS) Overvalued in 2026?
Based on GuruFocus' analysis, Tien Phong Securities stock appears to be overvalued.
The current stock price of ₫13,900.00 is trading 379.1% above its estimated GF Value™ of ₫2,901.13.
GuruFocus considers Tien Phong Securities to be Significantly Overvalued.
Key valuation signals for STC:ORS:
ROC (Joel Greenblatt) %: 16.10% (68% below median its 10-year median of 50.26)
GF Value™: ₫2,901.13 vs. price of ₫13,900.00 (379.1% above fair value)
Industry Position: 54.1% below the Capital Markets median (#403 of 677)
No single metric tells the full story. See the STC:ORS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tien Phong Securities Corp is a Vietnam-based provider of investment services. It is engaged in the provision of financial advisory services, brokerage services, securities custodian services, securities trading, and underwriting for securities for individual and institutional clients. The Company is also involved in securities dealing.
68GF Score
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