MI Technovation BhdMITNF 83 Return-on-Tangible-Asset is 10.98% as of Mar. 2026, which is 3% above its 10-year median of 10.67. GuruFocus rates MITNF with a GF Score™ of 83/100 and a GF Value™ of $0.41. The stock has 8 warning signs investors should review. Among 1,026 Semiconductors companies, MI Technovation Bhd ranks better than 79.24% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. MI Technovation Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was $31.4 Mil. MI Technovation Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was $285.8 Mil. Therefore, MI Technovation Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.98%.
The historical rank and industry rank for MI Technovation Bhd's Return-on-Tangible-Asset or its related term are showing as below:
MITNF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.34 Med: 10.67 Max: 48.33
Current: 9.84
During the past 11 years, MI Technovation Bhd's highest Return-on-Tangible-Asset was 48.33%. The lowest was 5.34%. And the median was 10.67%.
MITNF's Return-on-Tangible-Asset is ranked better than 79.24% of 1026
companies
in the Semiconductors industry
Industry Median: 2.59
vs MITNF: 9.84
MI Technovation Bhd (OTCPK:MITNF) 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.
MI Technovation Bhd Return-on-Tangible-Asset Related Terms
MI Technovation Bhd Return-on-Tangible-Asset Historical Data
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The historical data trend for MI Technovation Bhd's Return-on-Tangible-Asset 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.
MI Technovation Bhd Return-on-Tangible-Asset Chart
MITNF vs LRCX, AMAT, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, MI Technovation Bhd'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.
MI Technovation Bhd Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, MI Technovation Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MI Technovation Bhd'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 10.98% mean?
MI Technovation Bhd (MITNF) has a Return-on-Tangible-Asset of 10.98% 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 MI Technovation Bhd and its competitors. This is near median its historical median of 10.67. Over the past decade, MI Technovation Bhd's Return-on-Tangible-Asset has ranged from 5.34 to 48.33. According to the industry distribution chart, MI Technovation Bhd ranks #213 out of 1026 companies in the Semiconductors industry, placing it in the top 20.8%.
Is MI Technovation Bhd's Return-on-Tangible-Asset too high?
MI Technovation Bhd's current Return-on-Tangible-Asset of 10.98% is near median its 10-year median of 10.67. Over the past 10 years, this metric has ranged from a low of 5.34 to a high of 48.33. The Semiconductors industry median Return-on-Tangible-Asset is 2.59. MI Technovation Bhd's value of 10.98% is 323.9% above this industry median. Based on the distribution chart, MI Technovation Bhd ranks #213 out of 1026 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, MI Technovation Bhd has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does MI Technovation Bhd's Return-on-Tangible-Asset compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, MI Technovation Bhd ranks #213 out of 1026 companies for Return-on-Tangible-Asset. This places MI Technovation Bhd in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.59. MI Technovation Bhd's value of 10.98% is 323.9% above this benchmark. Historically, MI Technovation Bhd's own Return-on-Tangible-Asset has ranged from 5.34 to 48.33 over the past decade. While the company's 10-year median is 10.67 vs. the industry median of 2.59, MI Technovation Bhd 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 Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.59, based on 1,026 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. MI Technovation Bhd's current Return-on-Tangible-Asset of 10.98% is 323.9% 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 MI Technovation Bhd and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MI Technovation Bhd's current Return-on-Tangible-Asset is 10.98%, which is near median its own 10-year median of 10.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MI Technovation Bhd stock overvalued right now?
MI Technovation Bhd (MITNF) has a current Return-on-Tangible-Asset of 10.98%. The stock's GF Value™ is $0.41, compared to a current price of $0.57 — trading 39% above its estimated fair value. The current Return-on-Tangible-Asset is 10.98%, which is near median its 10-year median of 10.67 and 323.9% above the Semiconductors industry median of 2.59. MI Technovation Bhd's overall GF Score™ is 83/100 with 8 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 MI Technovation Bhd (MITNF), the current Return-on-Tangible-Asset is 10.98% 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 MI Technovation Bhd (MITNF) Overvalued in 2026?
Based on GuruFocus' analysis, MI Technovation Bhd stock appears to be overvalued.
The current stock price of $0.57 is trading 39% above its estimated GF Value™ of $0.41.
Key valuation signals for MITNF:
Return-on-Tangible-Asset: 10.98% (near median its 10-year median of 10.67)
GF Value™: $0.41 vs. price of $0.57 (39% above fair value)
Industry Position: 323.9% above the Semiconductors median (#213 of 1026)
No single metric tells the full story. See the MITNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MI Technovation Bhd is engaged in the design, development, manufacturing and sales of semiconductor manufacturing equipment, provision of maintenance services and technical support, manufacturing and sales of solder spheres, research and development, manufacturing, sales and marketing of specific process and application in assembly and packaging solutions to customer. Its segments include Semiconductor Equipment Business Unit, Semiconductor Equipment Business Unit, and Semiconductor Solutions Business Unit, and Others. The SEBU is involved in design, manufacturing and sales of semiconductor manufacturing equipment, coupled with integrated Artificial Intelligence (AI) technologies and smart factory automation solutions.
83GF Score
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