Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mi Ming Mart HoldingsHKSE:08473 +4.26% Return-on-Tangible-Equity is 21.11% as of Mar. 2026, which is 55% above its 10-year median of 13.65. The stock has 7 warning signs investors should review. Among 1,065 Retail - Cyclical companies, Mi Ming Mart Holdings ranks better than 61.13% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Mi Ming Mart Holdings's annualized net income for the quarter that ended in Mar. 2026 was HK$18.5 Mil. Mi Ming Mart Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was HK$87.5 Mil. Therefore, Mi Ming Mart Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.11%.
The historical rank and industry rank for Mi Ming Mart Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08473'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.12 Med: 13.65 Max: 44.13
Current: 13.38
During the past 12 years, Mi Ming Mart Holdings's highest Return-on-Tangible-Equity was 44.13%. The lowest was 4.12%. And the median was 13.65%.
HKSE:08473's Return-on-Tangible-Equity is ranked better than 61.13% of 1065
companies
in the Retail - Cyclical industry
Industry Median: 8.35
vs HKSE:08473: 13.38
Mi Ming Mart Holdings (HKSE:08473) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
Mi Ming Mart Holdings Return-on-Tangible-Equity Related Terms
Mi Ming Mart Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mi Ming Mart Holdings's Return-on-Tangible-Equity 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 Ming Mart Holdings Return-on-Tangible-Equity Chart
HKSE:08473 vs CASY, WSM, ULTA: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Mi Ming Mart Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Ming Mart Holdings Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mi Ming Mart Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mi Ming Mart Holdings's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.11% mean?
Mi Ming Mart Holdings (HKSE:08473) has a Return-on-Tangible-Equity of 21.11% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mi Ming Mart Holdings and its competitors. This is 55% above median its historical median of 13.65. Over the past decade, Mi Ming Mart Holdings' Return-on-Tangible-Equity has ranged from 4.12 to 44.13. According to the industry distribution chart, Mi Ming Mart Holdings ranks #414 out of 1065 companies in the Retail - Cyclical industry, placing it in the top 38.9%.
Is Mi Ming Mart Holdings' Return-on-Tangible-Equity too high?
Mi Ming Mart Holdings' current Return-on-Tangible-Equity of 21.11% is 55% above median its 10-year median of 13.65. Over the past 10 years, this metric has ranged from a low of 4.12 to a high of 44.13. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.35. Mi Ming Mart Holdings' value of 21.11% is 152.8% above this industry median. Based on the distribution chart, Mi Ming Mart Holdings ranks #414 out of 1065 companies in the Retail - Cyclical industry, which is above the industry midpoint.
How does Mi Ming Mart Holdings' Return-on-Tangible-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Mi Ming Mart Holdings ranks #414 out of 1065 companies for Return-on-Tangible-Equity. This puts Mi Ming Mart Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.35. Mi Ming Mart Holdings' value of 21.11% is 152.8% above this benchmark. Historically, Mi Ming Mart Holdings' own Return-on-Tangible-Equity has ranged from 4.12 to 44.13 over the past decade. While the company's 10-year median is 13.65 vs. the industry median of 8.35, Mi Ming Mart Holdings 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-Equity for a Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.35, based on 1,065 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mi Ming Mart Holdings's current Return-on-Tangible-Equity of 21.11% is 152.8% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Mi Ming Mart Holdings and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mi Ming Mart Holdings's current Return-on-Tangible-Equity is 21.11%, which is 55% above median its own 10-year median of 13.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mi Ming Mart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Mi Ming Mart Holdings (HKSE:08473) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.10 — trading 2% below its estimated fair value. The current Return-on-Tangible-Equity is 21.11%, which is 55% above median its 10-year median of 13.65 and 152.8% above the Retail - Cyclical industry median of 8.35. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Mi Ming Mart Holdings (HKSE:08473), the current Return-on-Tangible-Equity is 21.11% 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.
Mi Ming Mart Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in retailing multi-brand beauty and health products and providing beauty services in Hong Kong. The group derives a majority of its revenue from the sale of skincare, cosmetics, food and health supplements, and other products. Geographically, it derives maximum revenue from Hong Kong, and the rest from the United States of America, Macau, and Japan.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08473 has been successfully added to your 
