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.
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.
Pretax income is the income that a company earns before paying income taxes. Aperam's pretax income for the
three
months ended in Jun. 2026 was €94 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was €44 Mil.
Aperam's pretax margin was 5.57%.
During the past 13 years, Aperam's highest Pretax Margin was 20.44%. The lowest was -1.23%. And the median was 6.53%.
During the past 13 years, Aperam's highest Pretax Margin was 20.44%. The lowest was -1.23%. And the median was 6.53%.
* 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.
Aperam Pre-Tax Income Related Terms
Aperam Pre-Tax Income Historical Data
* Premium members only.
The historical data trend for Aperam'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.
XMAD:APAM vs NUE, STLD, RS: Pre-Tax Income Comparison
For the Steel subindustry, Aperam'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.
Aperam Pre-Tax Income vs Steel Industry
For the Steel industry and Basic Materials sector, Aperam's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Aperam's Pre-Tax Income falls into.
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 €44 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.
Aperam (XMAD:APAM) has a Pre-Tax Income of €44 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 Aperam and its competitors.
Is Aperam's Pre-Tax Income too high?
Aperam's current Pre-Tax Income is €44 Mil. Overall, Aperam has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aperam's Pre-Tax Income compare to NUE and STLD?
Aperam's Pre-Tax Income of €44 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 Aperam and its competitors. Aperam's current Pre-Tax Income is €44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Based on GuruFocus' analysis, Aperam (XMAD:APAM) is currently considered Significantly Overvalued. The stock's GF Value™ is €26.60, compared to a current price of €45.52 — trading 71.1% above its estimated fair value. The current Pre-Tax Income is €44 Mil. Aperam'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 Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Aperam (XMAD:APAM), the current Pre-Tax Income is €44 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 Aperam (XMAD:APAM) Overvalued in 2026?
Based on GuruFocus' analysis, Aperam stock appears to be overvalued.
The current stock price of €45.52 is trading 71.1% above its estimated GF Value™ of €26.60.
GuruFocus considers Aperam to be Significantly Overvalued.
Key valuation signals for XMAD:APAM:
Pre-Tax Income: €44 Mil
GF Value™: €26.60 vs. price of €45.52 (71.1% above fair value)
No single metric tells the full story. See the XMAD:APAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
83GF Score
Get the complete analysis for XMAD:APAM
Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XMAD:APAM has been successfully added to your 
