MVST (Microvast Holdings) ROE %: 44.00% (As of Mar. 2026)


MVST Microvast Holdings Inc MVST
76 GF Score
Price $1.18
GF Value $1.84
Valuation Possible Value Trap
! 5 Warning Signs
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What is Microvast Holdings ROE %?

Microvast Holdings MVST -7.84% 76 ROE % is 44.00% as of Mar. 2026. GuruFocus rates MVST with a GF Score™ of 76/100 and a GF Value™ of $1.84 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,308 Vehicles & Parts companies, Microvast Holdings ranks worse than 87.39% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Microvast Holdings's annualized net income for the quarter that ended in Mar. 2026 was $192.8 Mil. Microvast Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $438.3 Mil. Therefore, Microvast Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 44.00%.

The historical rank and industry rank for Microvast Holdings's ROE % or its related term are showing as below:

MVST' s ROE % Range Over the Past 10 Years
Min: -143   Med: -24.34   Max: -7.32
Current: -10.46

During the past 7 years, Microvast Holdings's highest ROE % was -7.32%. The lowest was -143.00%. And the median was -24.34%.

MVST's ROE % is ranked worse than
87.39% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 6.62 vs MVST: -10.46

Microvast Holdings  (NAS:MVST) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=192.844/438.3095
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(192.844 / 242.448)*(242.448 / 996.472)*(996.472 / 438.3095)
=Net Margin %*Asset Turnover*Equity Multiplier
=79.54 %*0.2433*2.2734
=ROA %*Equity Multiplier
=19.35 %*2.2734
=44.00 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=192.844/438.3095
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (192.844 / 192.844) * (192.844 / -31.736) * (-31.736 / 242.448) * (242.448 / 996.472) * (996.472 / 438.3095)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -6.0765 * -13.09 % * 0.2433 * 2.2734
=44.00 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Microvast Holdings ROE % Related Terms


Microvast Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Microvast Holdings's ROE % 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.

Microvast Holdings ROE % Chart

Microvast Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial -143.00 -24.34 -18.07 -41.06 -7.32

Microvast Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.70 -104.70 -1.67 17.21 44.00

MVST vs CPS, MNRO, MLR: ROE % Comparison

For the Auto Parts subindustry, Microvast Holdings's ROE %, along with its competitors' market caps and ROE % 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.


Microvast Holdings ROE % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Microvast Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Microvast Holdings's ROE % falls into.


MVST
76GF Score
Microvast Holdings Inc MVST
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Microvast Holdings ROE % Calculation

Microvast Holdings's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-29.218/( (387.895+410.513)/ 2 )
=-29.218/399.204
=-7.32 %

Microvast Holdings's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=192.844/( (410.513+466.106)/ 2 )
=192.844/438.3095
=44.00 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 44.00% mean?
Microvast Holdings (MVST) has a ROE % of 44.00% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Microvast Holdings and its competitors. According to the industry distribution chart, Microvast Holdings ranks #1143 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 87.4%.
Is Microvast Holdings' ROE % too high?
Microvast Holdings' current ROE % is 44.00%. The Vehicles & Parts industry median ROE % is 6.62. Microvast Holdings' value of 44.00% is 564.7% above this industry median. Based on the distribution chart, Microvast Holdings ranks #1143 out of 1308 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Microvast Holdings has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Microvast Holdings' ROE % compare to CPS and MNRO?
According to the Vehicles & Parts industry distribution chart, Microvast Holdings ranks #1143 out of 1308 companies for ROE %. This places Microvast Holdings in the lower half of its industry. The industry median ROE % is 6.62. Microvast Holdings' value of 44.00% is 564.7% 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 ROE % for a Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Microvast Holdings's current ROE % of 44.00% is 564.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Microvast Holdings and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Microvast Holdings's current ROE % is 44.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Microvast Holdings stock overvalued right now?
Based on GuruFocus' analysis, Microvast Holdings (MVST) is currently considered Possible Value Trap. The stock's GF Value™ is $1.84, compared to a current price of $1.18 — trading 36.1% below its estimated fair value. The current ROE % is 44.00% and 564.7% above the Vehicles & Parts industry median of 6.62. Microvast Holdings' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Microvast Holdings (MVST), the current ROE % is 44.00% 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 Microvast Holdings (MVST) Overvalued in 2026?

Based on GuruFocus' analysis, Microvast Holdings stock appears to be undervalued. The current stock price of $1.18 is trading 36.1% below its estimated GF Value™ of $1.84. GuruFocus considers Microvast Holdings to be Possible Value Trap.

Key valuation signals for MVST:

  • ROE %: 44.00%
  • GF Value™: $1.84 vs. price of $1.18 (36.1% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 564.7% above the Vehicles & Parts median (#1143 of 1308)

No single metric tells the full story. See the MVST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Microvast Holdings Business Description

Other Exchanges 2OZA:Germany
Address 12603 Southwest Freeway, Suite 300, Stafford, TX, USA, 77477
Microvast Holdings Inc develops lithium-ion battery technologies focused on high-performance solutions for commercial and industrial electrification. The Company designs, develops, and manufactures battery components and systems for electric commercial vehicles and energy storage systems (ESS), with applications across buses, trucks, port equipment, and mining machinery. It emphasizes innovation in battery design without relying on legacy technologies and supports platforms such as the IVECO eDaily and various bus models. The Company also provides services, repairs, and warranty and extended warranty support. It operates as a single reportable segment, covering design, development, manufacturing, sales, and leasing of battery systems, and generates the majority of its revenue from Europe.
76GF Score

Get the complete analysis for MVST

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.18
Price
$1.84
GF Value