Vinhomes JSC (STC:VHM) ROE %: 40.86% (As of Mar. 2026) — 91% Above Median


STC:VHM Vinhomes JSC STC:VHM
89 GF Score
Price ₫159,600.00
GF Value ₫110,832.99
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Vinhomes JSC ROE %?

Vinhomes JSC STC:VHM +2.31% 89 ROE % is 40.86% as of Mar. 2026, which is 91% above its 10-year median of 21.36. GuruFocus rates STC:VHM with a GF Score™ of 89/100 and a GF Value™ of ₫110,832.99 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,732 Real Estate companies, Vinhomes JSC ranks better than 94.17% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vinhomes JSC's annualized net income for the quarter that ended in Mar. 2026 was ₫102,207,784 Mil. Vinhomes JSC's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₫250,169,211 Mil. Therefore, Vinhomes JSC's annualized ROE % for the quarter that ended in Mar. 2026 was 40.86%.

The historical rank and industry rank for Vinhomes JSC's ROE % or its related term are showing as below:

STC:VHM' s ROE % Range Over the Past 10 Years
Min: 16.65   Med: 21.36   Max: 56.98
Current: 27.94

During the past 9 years, Vinhomes JSC's highest ROE % was 56.98%. The lowest was 16.65%. And the median was 21.36%.

STC:VHM's ROE % is ranked better than
94.17% of 1732 companies
in the Real Estate industry
Industry Median: 3.98 vs STC:VHM: 27.94

Vinhomes JSC  (STC:VHM) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=102207784/250169211
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(102207784 / 260456948)*(260456948 / 828915885)*(828915885 / 250169211)
=Net Margin %*Asset Turnover*Equity Multiplier
=39.24 %*0.3142*3.3134
=ROA %*Equity Multiplier
=12.33 %*3.3134
=40.86 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=102207784/250169211
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (102207784 / 122907180) * (122907180 / 120223168) * (120223168 / 260456948) * (260456948 / 828915885) * (828915885 / 250169211)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8316 * 1.0223 * 46.16 % * 0.3142 * 3.3134
=40.86 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Vinhomes JSC ROE % Related Terms


Vinhomes JSC ROE % Historical Data

* Premium members only.

The historical data trend for Vinhomes JSC's ROE % 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.

Vinhomes JSC ROE % Chart

Vinhomes JSC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only 36.90 21.36 20.57 16.65 19.01

Vinhomes JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.27 14.12 7.61 46.95 40.86

Vinhomes JSC ROE % Competitor Comparison

For the Real Estate - Development subindustry, Vinhomes JSC's ROE %, along with its competitors' market caps and ROE % 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.


Vinhomes JSC ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Vinhomes JSC's ROE % distribution charts can be found below:

* The bar in red indicates where Vinhomes JSC's ROE % falls into.


STC:VHM
89GF Score
Vinhomes JSC STC:VHM
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vinhomes JSC ROE % Calculation

Vinhomes JSC's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=41895255/( (202635641+238079067)/ 2 )
=41895255/220357354
=19.01 %

Vinhomes JSC's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=102207784/( (238079067+262259355)/ 2 )
=102207784/250169211
=40.86 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 40.86% mean?
Vinhomes JSC (STC:VHM) has a ROE % of 40.86% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vinhomes JSC and its competitors. This is 91% above median its historical median of 21.36. Over the past decade, Vinhomes JSC's ROE % has ranged from 16.65 to 56.98. According to the industry distribution chart, Vinhomes JSC ranks #101 out of 1732 companies in the Real Estate industry, placing it in the top 5.8%.
Is Vinhomes JSC's ROE % too high?
Vinhomes JSC's current ROE % of 40.86% is 91% above median its 10-year median of 21.36. Over the past 10 years, this metric has ranged from a low of 16.65 to a high of 56.98. The Real Estate industry median ROE % is 3.98. Vinhomes JSC's value of 40.86% is 926.6% above this industry median. Based on the distribution chart, Vinhomes JSC ranks #101 out of 1732 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Vinhomes JSC has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vinhomes JSC's ROE % compare to competitors?
According to the Real Estate industry distribution chart, Vinhomes JSC ranks #101 out of 1732 companies for ROE %. This places Vinhomes JSC in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 3.98. Vinhomes JSC's value of 40.86% is 926.6% above this benchmark. Historically, Vinhomes JSC's own ROE % has ranged from 16.65 to 56.98 over the past decade. While the company's 10-year median is 21.36 vs. the industry median of 3.98, Vinhomes 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 ROE % for a Real Estate company?
The median ROE % among Real Estate companies is 3.98, based on 1,732 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vinhomes JSC's current ROE % of 40.86% is 926.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vinhomes JSC and its competitors. For the Real Estate industry, the median ROE % is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinhomes JSC's current ROE % is 40.86%, which is 91% above median its own 10-year median of 21.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinhomes JSC stock overvalued right now?
Based on GuruFocus' analysis, Vinhomes JSC (STC:VHM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫110,832.99, compared to a current price of ₫159,600.00 — trading 44% above its estimated fair value. The current ROE % is 40.86%, which is 91% above median its 10-year median of 21.36 and 926.6% above the Real Estate industry median of 3.98. Vinhomes JSC's overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Vinhomes JSC (STC:VHM), the current ROE % is 40.86% 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 Vinhomes JSC (STC:VHM) Overvalued in 2026?

Based on GuruFocus' analysis, Vinhomes JSC stock appears to be overvalued. The current stock price of ₫159,600.00 is trading 44% above its estimated GF Value™ of ₫110,832.99. GuruFocus considers Vinhomes JSC to be Significantly Overvalued.

Key valuation signals for STC:VHM:

  • ROE %: 40.86% (91% above median its 10-year median of 21.36)
  • GF Value™: ₫110,832.99 vs. price of ₫159,600.00 (44% above fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 926.6% above the Real Estate median (#101 of 1732)

No single metric tells the full story. See the STC:VHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vinhomes JSC Business Description

Address Chu Huy Man Street, Vinhomes Riverside Area, Symphony Office Building, Phuc Loi Ward, Long Bien District, Hanoi, VNM
Vinhomes JSC is a real estate development company. The current principal activities of the Company are to develop real estate property for sale, provide leasing of offices, render real estate management and related services, provide general contractor services, consulting and designing construction services, supervision and construction management services. The company has following operating segments: Sales of inventory properties: include the transfer of properties being constructed for sale at the Company and its subsidiaries' real estate projects; Rendering consultancy and general construction contractor services: includes general contractor to investors; construction consultancy and supervision and related services; Other business activities.
89GF Score

Get the complete analysis for STC:VHM

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫159,600.00
Price
₫110,832.99
GF Value