Acerinox (FRA:ACE) Pre-Tax Income: €191 Mil (TTM As of Jun. 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.

FRA:ACE Acerinox SA FRA:ACE
69 GF Score
Price €8.45
GF Value €5.18
! 10 Warning Signs
View Full Analysis

What is Acerinox Pre-Tax Income?

Acerinox FRA:ACE +0.60% 69 Pre-Tax Income is €191 Mil as of Jun. 2026. GuruFocus rates FRA:ACE with a GF Score™ of 69/100 and a GF Value™ of €5.18. The stock has 10 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Acerinox's pretax income for the three months ended in Jun. 2026 was €102 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was €191 Mil. Acerinox's pretax margin was 6.46%.

During the past 13 years, Acerinox's highest Pretax Margin was 11.42%. The lowest was 0.49%. And the median was 5.79%.


Acerinox  (FRA:ACE) Pre-Tax Income Explanation

Acerinox's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=102.119/1581.584
=6.46%

During the past 13 years, Acerinox's highest Pretax Margin was 11.42%. The lowest was 0.49%. And the median was 5.79%.

* 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.


Acerinox Pre-Tax Income Related Terms


Acerinox Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Acerinox'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.

Acerinox Pre-Tax Income Chart

Acerinox 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 765.73 831.28 355.35 341.60 89.80

Acerinox Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 63.51 46.00 16.29 27.00 102.12

FRA:ACE vs NUE, STLD, RS: Pre-Tax Income Comparison

For the Steel subindustry, Acerinox'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.


Acerinox Pre-Tax Income vs Steel Industry

For the Steel industry and Basic Materials sector, Acerinox's Pre-Tax Income distribution charts can be found below:

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


FRA:ACE
69GF Score
Acerinox SA FRA:ACE
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Acerinox Pre-Tax Income Calculation

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

Acerinox'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
=158.78+0+-93.427+41.57+-17.122
=90

Acerinox's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=0+0+0+0+102.119
=102

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €191 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 €191 Mil mean?
Acerinox (FRA:ACE) has a Pre-Tax Income of €191 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Acerinox and its competitors.
Is Acerinox's Pre-Tax Income too high?
Acerinox's current Pre-Tax Income is €191 Mil. Overall, Acerinox has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Acerinox's Pre-Tax Income compare to NUE and STLD?
Acerinox's Pre-Tax Income of €191 Mil can be compared against companies in the Steel 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 a Steel company?
A good Pre-Tax Income depends on the Steel 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 Acerinox and its competitors. Acerinox's current Pre-Tax Income is €191 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acerinox stock overvalued right now?
Acerinox (FRA:ACE) has a current Pre-Tax Income of €191 Mil. The stock's GF Value™ is €5.18, compared to a current price of €8.45 — trading 63.1% above its estimated fair value. The current Pre-Tax Income is €191 Mil. Acerinox's overall GF Score™ is 69/100 with 10 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 Acerinox (FRA:ACE), the current Pre-Tax Income is €191 Mil as of Jun. 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 Acerinox (FRA:ACE) Overvalued in 2026?

Based on GuruFocus' analysis, Acerinox stock appears to be overvalued. The current stock price of €8.45 is trading 63.1% above its estimated GF Value™ of €5.18.

Key valuation signals for FRA:ACE:

  • Pre-Tax Income: €191 Mil
  • GF Value™: €5.18 vs. price of €8.45 (63.1% above fair value)
  • GF Score™: 69/100 with 10 warning signs

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


Acerinox Business Description

Address Calle Santiago de Compostela, no. 100, Madrid, ESP, 28035
Acerinox SA is a Spain-based stainless steel maker engaged in the manufacture, processing, and marketing of stainless steel products and special alloys. The company operates in two segments; the Stainless steel segment which accounts for the majority of the company's revenue, includes both flat and long stainless steel products, and the High-performance alloys segment includes special alloys with high nickel content. This segment includes all the companies in the VDM Metals subgroup. Geographically, the company operates in Spain, the Rest of Europe, America, Africa, Asia, and Others.
69GF Score

Get the complete analysis for FRA:ACE

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

€8.45
Price
€5.18
GF Value