ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Miami International Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $681 Mil.
Miami International Holdings's average Total Assets over the quarter that ended in Mar. 2026 was $1,352 Mil. Therefore, Miami International Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 50.37%.
The historical rank and industry rank for Miami International Holdings's ROA % or its related term are showing as below:
MIAX'
s ROA % Range Over the Past 10 Years
Min: -20.15 Med: -4.55 Max: 12.06
Current: 10.35
During the past 6 years, Miami International Holdings's highest ROA % was 12.06%. The lowest was -20.15%. And the median was -4.55%.
MIAX's ROA % is ranked better than 85.47% of 819
companies
in the Capital Markets industry
Industry Median: 1.5
vs MIAX: 10.35
Miami International Holdings (NYSE:MIAX) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Miami International Holdings ROA % Related Terms
Miami International Holdings ROA % 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.
For the Capital Markets subindustry, Miami International Holdings's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Miami International Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Miami International Holdings's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Miami International Holdings (MIAX) has a ROA % of 50.37% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Miami International Holdings and its competitors. According to the industry distribution chart, Miami International Holdings ranks #119 out of 819 companies in the Capital Markets industry, placing it in the top 14.5%.
Is Miami International Holdings' ROA % too high?
Miami International Holdings' current ROA % is 50.37%. The Capital Markets industry median ROA % is 1.50. Miami International Holdings' value of 50.37% is 3258% above this industry median. Based on the distribution chart, Miami International Holdings ranks #119 out of 819 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' ROA % compare to PJT and LAZ?
According to the Capital Markets industry distribution chart, Miami International Holdings ranks #119 out of 819 companies for ROA %. This places Miami International Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median ROA % is 1.50. Miami International Holdings' value of 50.37% is 3258% 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 819 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miami International Holdings's current ROA % of 50.37% is 3258% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Miami International Holdings and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miami International Holdings's current ROA % is 50.37%. 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 ROA % of 50.37%. The current ROA % is 50.37% and 3258% above the Capital Markets industry median of 1.50. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Miami International Holdings (MIAX), the current ROA % is 50.37% 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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