Ho Chi Minh City Securities (STC:HCM) Scaled Net Operating Assets: 0.63 (As of Mar. 2026)


STC:HCM Ho Chi Minh City Securities Corp STC:HCM
62 GF Score
Price ₫26,900.00
GF Value ₫24,211.51
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Ho Chi Minh City Securities Scaled Net Operating Assets?

Ho Chi Minh City Securities STC:HCM -0.19% 62 Scaled Net Operating Assets is 0.63 as of Mar. 2026. GuruFocus rates STC:HCM with a GF Score™ of 62/100 and a GF Value™ of ₫24,211.51 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ho Chi Minh City Securities's operating assets for the quarter that ended in Mar. 2026 was ₫30,135,166 Mil. Ho Chi Minh City Securities's operating liabilities for the quarter that ended in Mar. 2026 was ₫649,500 Mil. Ho Chi Minh City Securities's Total Assets for the quarter that ended in Dec. 2025 was ₫46,499,006 Mil. Therefore, Ho Chi Minh City Securities's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.63.


Ho Chi Minh City Securities Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ho Chi Minh City Securities's Scaled Net Operating Assets 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.

Ho Chi Minh City Securities Scaled Net Operating Assets Chart

Ho Chi Minh City Securities Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 0.33 0.84 1.46 0.92

Ho Chi Minh City Securities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.67 0.67 0.52 0.64 0.63

STC:HCM vs MS, GS, SCHW: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Ho Chi Minh City Securities's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Ho Chi Minh City Securities Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ho Chi Minh City Securities's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ho Chi Minh City Securities's Scaled Net Operating Assets falls into.


STC:HCM
62GF Score
Ho Chi Minh City Securities Corp STC:HCM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ho Chi Minh City Securities Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ho Chi Minh City Securities's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(29905793.772-1066714.146)/31339637.399
=0.92

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=46499006.21 - 16593212.438
=29905793.772

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=31955862.214 - 0 - 30889148.068
=1066714.146

Ho Chi Minh City Securities's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(30135165.755-649500.38)/46499006.21
=0.63

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40466729.971 - 10331564.216
=30135165.755

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26064752.435 - 0 - 25415252.055
=649500.38

* 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 Scaled Net Operating Assets of 0.63 mean?
Ho Chi Minh City Securities (STC:HCM) has a Scaled Net Operating Assets of 0.63 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ho Chi Minh City Securities and its competitors.
Is Ho Chi Minh City Securities' Scaled Net Operating Assets too high?
Ho Chi Minh City Securities' current Scaled Net Operating Assets is 0.63. Overall, Ho Chi Minh City Securities has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ho Chi Minh City Securities' Scaled Net Operating Assets compare to MS and GS?
Ho Chi Minh City Securities' Scaled Net Operating Assets of 0.63 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ho Chi Minh City Securities and its competitors. Ho Chi Minh City Securities's current Scaled Net Operating Assets is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ho Chi Minh City Securities stock overvalued right now?
Based on GuruFocus' analysis, Ho Chi Minh City Securities (STC:HCM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫24,211.51, compared to a current price of ₫26,900.00 — trading 11.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.63. Ho Chi Minh City Securities' overall GF Score™ is 62/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ho Chi Minh City Securities (STC:HCM), the current Scaled Net Operating Assets is 0.63 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 Ho Chi Minh City Securities (STC:HCM) Overvalued in 2026?

Based on GuruFocus' analysis, Ho Chi Minh City Securities stock appears to be overvalued. The current stock price of ₫26,900.00 is trading 11.1% above its estimated GF Value™ of ₫24,211.51. GuruFocus considers Ho Chi Minh City Securities to be Modestly Overvalued.

Key valuation signals for STC:HCM:

  • Scaled Net Operating Assets: 0.63
  • GF Value™: ₫24,211.51 vs. price of ₫26,900.00 (11.1% above fair value)
  • GF Score™: 62/100 with 10 warning signs

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


Ho Chi Minh City Securities Business Description

Address 76A Le Lai street, Level 2,5,6,7,11 & 12 AB Tower, Ben Thanh Ward, District 1, Ho Chi Minh, VNM
Ho Chi Minh City Securities Corporation is a professional securities brokerage firm in Vietnam. It provides a comprehensive suite of financial services to institutional & private clients. The company focuses on professional investment advisory services backed by a highly recognized research team.
62GF Score

Get the complete analysis for STC:HCM

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫26,900.00
Price
₫24,211.51
GF Value