Kioxia HoldingsKXIAY -12.04%18 Return-on-Tangible-Equity is 177.26% as of Mar. 2026, which is 4091% above its 10-year median of 4.23. GuruFocus rates KXIAY with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 984 Semiconductors companies, Kioxia Holdings ranks better than 97.87% 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. Kioxia Holdings's annualized net income for the quarter that ended in Mar. 2026 was $8,792 Mil. Kioxia Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $4,960 Mil. Therefore, Kioxia Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 177.26%.
The historical rank and industry rank for Kioxia Holdings's Return-on-Tangible-Equity or its related term are showing as below:
KXIAY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -75.2 Med: 4.23 Max: 104.16
Current: 104.16
During the past 5 years, Kioxia Holdings's highest Return-on-Tangible-Equity was 104.16%. The lowest was -75.20%. And the median was 4.23%.
KXIAY's Return-on-Tangible-Equity is ranked better than 97.87% of 984
companies
in the Semiconductors industry
Industry Median: 5.24
vs KXIAY: 104.16
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.
Kioxia Holdings Return-on-Tangible-Equity Related Terms
Kioxia Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kioxia 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.
KXIAY vs NVDA, AVGO, MU: Return-on-Tangible-Equity Comparison
For the Semiconductors subindustry, Kioxia 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.
Kioxia Holdings Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Kioxia Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kioxia 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 four times the quarterly (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 177.26% mean?
Kioxia Holdings (KXIAY) has a Return-on-Tangible-Equity of 177.26% 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 Kioxia Holdings and its competitors. This is 4091% above median its historical median of 4.23. According to the industry distribution chart, Kioxia Holdings ranks #21 out of 984 companies in the Semiconductors industry, placing it in the top 2.1%.
Is Kioxia Holdings' Return-on-Tangible-Equity too high?
Kioxia Holdings' current Return-on-Tangible-Equity of 177.26% is 4091% above median its 10-year median of 4.23. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. Kioxia Holdings' value of 177.26% is 3282.8% above this industry median. Based on the distribution chart, Kioxia Holdings ranks #21 out of 984 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Kioxia Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kioxia Holdings' Return-on-Tangible-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Kioxia Holdings ranks #21 out of 984 companies for Return-on-Tangible-Equity. This places Kioxia Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.24. Kioxia Holdings' value of 177.26% is 3282.8% above this benchmark. While the company's 10-year median is 4.23 vs. the industry median of 5.24, Kioxia 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 984 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. Kioxia Holdings's current Return-on-Tangible-Equity of 177.26% is 3282.8% 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 Kioxia Holdings and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kioxia Holdings's current Return-on-Tangible-Equity is 177.26%, which is 4091% above median its own 10-year median of 4.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kioxia Holdings stock overvalued right now?
Kioxia Holdings (KXIAY) has a current Return-on-Tangible-Equity of 177.26%. The current Return-on-Tangible-Equity is 177.26%, which is 4091% above median its 10-year median of 4.23 and 3282.8% above the Semiconductors industry median of 5.24. Kioxia Holdings' overall GF Score™ is 18/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Kioxia Holdings (KXIAY), the current Return-on-Tangible-Equity is 177.26% 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.
Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company's memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia's revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers.
18GF Score
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