3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Miami International Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 45.83%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
MIAX's 3-Year ROIIC % is ranked better than 85.74% of 659
companies
in the Capital Markets industry
Industry Median: 2.6
vs MIAX: 45.83
Miami International Holdings (NYSE:MIAX) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Miami International Holdings 3-Year ROIIC % Related Terms
Miami International Holdings 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Miami International Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Miami International Holdings's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 94.869 (Dec. 2025) - 7.752 (Dec. 2022) )
/
( 509.284 (Dec. 2025) - 319.193 (Dec. 2022) )
=
87.117
/
190.091
=
45.83%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Miami International Holdings (MIAX) has a 3-Year ROIIC % of 45.83 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Miami International Holdings and its competitors. According to the industry distribution chart, Miami International Holdings ranks #94 out of 659 companies in the Capital Markets industry, placing it in the top 14.3%.
Is Miami International Holdings' 3-Year ROIIC % too high?
Miami International Holdings' current 3-Year ROIIC % is 45.83. The Capital Markets industry median 3-Year ROIIC % is 2.60. Miami International Holdings' value of 45.83 is 1662.7% above this industry median. Based on the distribution chart, Miami International Holdings ranks #94 out of 659 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' 3-Year ROIIC % compare to PJT and LAZ?
According to the Capital Markets industry distribution chart, Miami International Holdings ranks #94 out of 659 companies for 3-Year ROIIC %. This places Miami International Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.60. Miami International Holdings' value of 45.83 is 1662.7% 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 3-Year ROIIC % for a Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.60, based on 659 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miami International Holdings's current 3-Year ROIIC % of 45.83 is 1662.7% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Miami International Holdings and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miami International Holdings's current 3-Year ROIIC % is 45.83. 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 3-Year ROIIC % of 45.83. The current 3-Year ROIIC % is 45.83 and 1662.7% above the Capital Markets industry median of 2.60. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Miami International Holdings (MIAX), the current 3-Year ROIIC % is 45.83 as of Dec. 2025. 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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