MI Technovation Bhd (XKLS:5286) ROE %: 11.51% (As of Mar. 2026) — Near Median


XKLS:5286 MI Technovation Bhd XKLS:5286
83 GF Score
Price RM4.70
GF Value RM3.38
Valuation Significantly Overvalued
! 8 Warning Signs
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What is MI Technovation Bhd ROE %?

MI Technovation Bhd XKLS:5286 -1.88% 83 ROE % is 11.51% as of Mar. 2026, which is 0% above its 10-year median of 11.48. GuruFocus rates XKLS:5286 with a GF Score™ of 83/100 and a GF Value™ of RM3.38 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,004 Semiconductors companies, MI Technovation Bhd ranks better than 68.82% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. MI Technovation Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM123.9 Mil. MI Technovation Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM1,076.3 Mil. Therefore, MI Technovation Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 11.51%.

The historical rank and industry rank for MI Technovation Bhd's ROE % or its related term are showing as below:

XKLS:5286' s ROE % Range Over the Past 10 Years
Min: 5.16   Med: 11.48   Max: 61.2
Current: 10.05

During the past 11 years, MI Technovation Bhd's highest ROE % was 61.20%. The lowest was 5.16%. And the median was 11.48%.

XKLS:5286's ROE % is ranked better than
68.82% of 1004 companies
in the Semiconductors industry
Industry Median: 4.55 vs XKLS:5286: 10.05

MI Technovation Bhd  (XKLS:5286) 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
=123.916/1076.2675
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(123.916 / 671.036)*(671.036 / 1320.9705)*(1320.9705 / 1076.2675)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.47 %*0.508*1.2274
=ROA %*Equity Multiplier
=9.38 %*1.2274
=11.51 %

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
=123.916/1076.2675
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (123.916 / 159.672) * (159.672 / 153.164) * (153.164 / 671.036) * (671.036 / 1320.9705) * (1320.9705 / 1076.2675)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7761 * 1.0425 * 22.83 % * 0.508 * 1.2274
=11.51 %

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.


MI Technovation Bhd ROE % Related Terms


MI Technovation Bhd ROE % Historical Data

* Premium members only.

The historical data trend for MI Technovation Bhd'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.

MI Technovation Bhd ROE % Chart

MI Technovation Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.72 6.61 5.16 6.83 8.89

MI Technovation Bhd 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 6.84 5.93 13.45 9.20 11.51

XKLS:5286 vs LRCX, AMAT, KLAC: ROE % Comparison

For the Semiconductor Equipment & Materials subindustry, MI Technovation Bhd'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.


MI Technovation Bhd ROE % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, MI Technovation Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where MI Technovation Bhd's ROE % falls into.


XKLS:5286
83GF Score
MI Technovation Bhd XKLS:5286
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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MI Technovation Bhd ROE % Calculation

MI Technovation Bhd'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 )
=93.777/( (1042.238+1067.714)/ 2 )
=93.777/1054.976
=8.89 %

MI Technovation Bhd'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 )
=123.916/( (1067.714+1084.821)/ 2 )
=123.916/1076.2675
=11.51 %

* 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 11.51% mean?
MI Technovation Bhd (XKLS:5286) has a ROE % of 11.51% 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 MI Technovation Bhd and its competitors. This is near median its historical median of 11.48. Over the past decade, MI Technovation Bhd's ROE % has ranged from 5.16 to 61.20. According to the industry distribution chart, MI Technovation Bhd ranks #313 out of 1004 companies in the Semiconductors industry, placing it in the top 31.2%.
Is MI Technovation Bhd's ROE % too high?
MI Technovation Bhd's current ROE % of 11.51% is near median its 10-year median of 11.48. Over the past 10 years, this metric has ranged from a low of 5.16 to a high of 61.20. The Semiconductors industry median ROE % is 4.55. MI Technovation Bhd's value of 11.51% is 153% above this industry median. Based on the distribution chart, MI Technovation Bhd ranks #313 out of 1004 companies in the Semiconductors industry, which is above the industry midpoint. Overall, MI Technovation Bhd has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MI Technovation Bhd's ROE % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, MI Technovation Bhd ranks #313 out of 1004 companies for ROE %. This puts MI Technovation Bhd in the upper half of its industry. The industry median ROE % is 4.55. MI Technovation Bhd's value of 11.51% is 153% above this benchmark. Historically, MI Technovation Bhd's own ROE % has ranged from 5.16 to 61.20 over the past decade. While the company's 10-year median is 11.48 vs. the industry median of 4.55, 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 ROE % for a Semiconductors company?
The median ROE % among Semiconductors companies is 4.55, based on 1,004 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. MI Technovation Bhd's current ROE % of 11.51% is 153% 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 MI Technovation Bhd and its competitors. For the Semiconductors industry, the median ROE % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MI Technovation Bhd's current ROE % is 11.51%, which is near median its own 10-year median of 11.48. 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?
Based on GuruFocus' analysis, MI Technovation Bhd (XKLS:5286) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.38, compared to a current price of RM4.70 — trading 39.1% above its estimated fair value. The current ROE % is 11.51%, which is near median its 10-year median of 11.48 and 153% above the Semiconductors industry median of 4.55. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For MI Technovation Bhd (XKLS:5286), the current ROE % is 11.51% 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 (XKLS:5286) Overvalued in 2026?

Based on GuruFocus' analysis, MI Technovation Bhd stock appears to be overvalued. The current stock price of RM4.70 is trading 39.1% above its estimated GF Value™ of RM3.38. GuruFocus considers MI Technovation Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5286:

  • ROE %: 11.51% (near median its 10-year median of 11.48)
  • GF Value™: RM3.38 vs. price of RM4.70 (39.1% above fair value)
  • GF Score™: 83/100 with 8 warning signs
  • Industry Position: 153% above the Semiconductors median (#313 of 1004)

No single metric tells the full story. See the XKLS:5286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MI Technovation Bhd Business Description

Address ILHAM Tower No.8 Jalan Binjai, Office Suite 12A-2, Level 12A, Kuala Lumpur, MYS, 50450
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

Get the complete analysis for XKLS:5286

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

RM4.70
Price
RM3.38
GF Value