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Miami International HoldingsMIAX -1.31%39 Return-on-Tangible-Asset is 63.29% as of Mar. 2026. GuruFocus rates MIAX with a GF Score™ of 39/100. The stock has 2 warning signs investors should review. Among 817 Capital Markets companies, Miami International Holdings ranks better than 87.39% on this metric.
The historical rank and industry rank for Miami International Holdings's Return-on-Tangible-Asset or its related term are showing as below:
MIAX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -29.36 Med: -5.87 Max: 15.73
Current: 13.44
During the past 6 years, Miami International Holdings's highest Return-on-Tangible-Asset was 15.73%. The lowest was -29.36%. And the median was -5.87%.
MIAX's Return-on-Tangible-Asset is ranked better than 87.39% of 817
companies
in the Capital Markets industry
Industry Median: 1.54
vs MIAX: 13.44
Miami International Holdings (NYSE:MIAX) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Miami International Holdings Return-on-Tangible-Asset Related Terms
Miami International Holdings Return-on-Tangible-Asset Historical 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.
Miami International Holdings Return-on-Tangible-Asset Chart
MIAX vs PJT, LAZ, MKTX: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Miami International Holdings's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Miami International Holdings Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Miami International Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Miami International Holdings's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
What does a Return-on-Tangible-Asset of 63.29% mean?
Miami International Holdings (MIAX) has a Return-on-Tangible-Asset of 63.29% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Miami International Holdings and its competitors. According to the industry distribution chart, Miami International Holdings ranks #103 out of 817 companies in the Capital Markets industry, placing it in the top 12.6%.
Is Miami International Holdings' Return-on-Tangible-Asset too high?
Miami International Holdings' current Return-on-Tangible-Asset is 63.29%. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Miami International Holdings' value of 63.29% is 4009.7% above this industry median. Based on the distribution chart, Miami International Holdings ranks #103 out of 817 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Miami International Holdings has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Miami International Holdings' Return-on-Tangible-Asset compare to PJT and LAZ?
According to the Capital Markets industry distribution chart, Miami International Holdings ranks #103 out of 817 companies for Return-on-Tangible-Asset. This places Miami International Holdings in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.54. Miami International Holdings' value of 63.29% is 4009.7% above this benchmark. 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-Asset for a Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 817 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miami International Holdings's current Return-on-Tangible-Asset of 63.29% is 4009.7% 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-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Miami International Holdings and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miami International Holdings's current Return-on-Tangible-Asset is 63.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miami International Holdings stock overvalued right now?
Miami International Holdings (MIAX) has a current Return-on-Tangible-Asset of 63.29%. The current Return-on-Tangible-Asset is 63.29% and 4009.7% above the Capital Markets industry median of 1.54. Miami International Holdings' overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Miami International Holdings (MIAX), the current Return-on-Tangible-Asset is 63.29% 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.
Miami International Holdings Inc is engaged in operating regulated financial marketplaces across multiple asset classes using proprietary technology platforms. The company operates exchange markets for options, equities, futures, and international listings through its MIAX Exchanges, MIAX Futures Exchange, and the Bermuda Stock Exchange. The company operates through four reportable segments: Options, which provides trading and market data services for listed equity and ETP options; Equities, which provides trading services for U.S. equities and ETPs; Futures, which provides futures trading and clearing services through MIAX Futures; and International, which provides listing services for capital market instruments through the Bermuda Stock Exchange and The International Stock Exchange.
39GF Score
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