BWLP (BW LPG) Pre-Tax Income: $449 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BWLP BW LPG Ltd BWLP
83 GF Score
Price $20.85
GF Value $15.10
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is BW LPG Pre-Tax Income?

BW LPG BWLP -2.66% 83 Pre-Tax Income is $449 Mil as of Mar. 2026. GuruFocus rates BWLP with a GF Score™ of 83/100 and a GF Value™ of $15.10 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. BW LPG's pretax income for the three months ended in Mar. 2026 was $212 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2026 was $449 Mil. BW LPG's pretax margin was 25.23%.

During the past 13 years, BW LPG's highest Pretax Margin was 33.80%. The lowest was -13.84%. And the median was 13.49%.


BW LPG  (NYSE:BWLP) Pre-Tax Income Explanation

BW LPG's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=211.662/838.891
=25.23%

During the past 13 years, BW LPG's highest Pretax Margin was 33.80%. The lowest was -13.84%. And the median was 13.49%.

* 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.


BW LPG Pre-Tax Income Related Terms


BW LPG Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for BW LPG's Pre-Tax Income 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.

BW LPG Pre-Tax Income Chart

BW LPG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 186.94 239.65 503.96 424.96 303.91

BW LPG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pre-Tax Income 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 66.77 47.07 60.26 129.81 211.66

BWLP vs WMB, EPD, KMI: Pre-Tax Income Comparison

For the Oil & Gas Midstream subindustry, BW LPG's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


BW LPG Pre-Tax Income vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BW LPG's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where BW LPG's Pre-Tax Income falls into.


BWLP
83GF Score
BW LPG Ltd BWLP
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BW LPG Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

BW LPG's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=291.906+56.821+-53.046+10.197+-1.968
=304

BW LPG's Pretax Income for the quarter that ended in Mar. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=219.426+0.122+-8.801+1.538+-0.62300000000002
=212

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $449 Mil.

* 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $449 Mil mean?
BW LPG (BWLP) has a Pre-Tax Income of $449 Mil as of Mar. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on BW LPG and its competitors.
Is BW LPG's Pre-Tax Income too high?
BW LPG's current Pre-Tax Income is $449 Mil. Overall, BW LPG has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BW LPG's Pre-Tax Income compare to WMB and EPD?
BW LPG's Pre-Tax Income of $449 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Oil & Gas company?
A good Pre-Tax Income depends on the Oil & Gas industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on BW LPG and its competitors. BW LPG's current Pre-Tax Income is $449 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BW LPG stock overvalued right now?
Based on GuruFocus' analysis, BW LPG (BWLP) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.10, compared to a current price of $20.85 — trading 38.1% above its estimated fair value. The current Pre-Tax Income is $449 Mil. BW LPG's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For BW LPG (BWLP), the current Pre-Tax Income is $449 Mil 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 BW LPG (BWLP) Overvalued in 2026?

Based on GuruFocus' analysis, BW LPG stock appears to be overvalued. The current stock price of $20.85 is trading 38.1% above its estimated GF Value™ of $15.10. GuruFocus considers BW LPG to be Significantly Overvalued.

Key valuation signals for BWLP:

  • Pre-Tax Income: $449 Mil
  • GF Value™: $15.10 vs. price of $20.85 (38.1% above fair value)
  • GF Score™: 83/100 with 6 warning signs

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


BW LPG Business Description

Industry EnergyOil & Gas
Address c/o BW LPG Holding Pte Ltd, 10 Pasir Panjang Road, No. 17-02 Mapletree Business City, Singapore, SGP, 117438
BW LPG Ltd is an owner and operator of very large gas carriers. It operates in two segments: the Shipping segment, which includes LPG shipping and the Product Services segment, which includes the core shipping business. The Product Services segment derives the majority of the revenue.
83GF Score

Get the complete analysis for BWLP

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

$20.85
Price
$15.10
GF Value