adidas AGADDDF +2.86%86 Pretax Margin % is 9.80% as of Mar. 2026, which is 25% above its 10-year median of 7.83. GuruFocus rates ADDDF with a GF Score™ of 86/100 and a GF Value™ of $239.20 (Modestly Undervalued). Among 1,043 Manufacturing - Apparel & Accessories companies, adidas AG ranks better than 68.36% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. adidas AG's Pre-Tax Income for the
three
months ended in Mar. 2026 was $747 Mil. adidas AG's Revenue for the
three
months ended in Mar. 2026 was $7,621 Mil. Therefore, adidas AG's pretax margin for the quarter that ended in Mar. 2026 was 9.80%.
The historical rank and industry rank for adidas AG's Pretax Margin % or its related term are showing as below:
ADDDF'
s Pretax Margin % Range Over the Past 10 Years
Min: 0.3 Med: 7.83 Max: 10.85
Current: 7.45
adidas AG (OTCPK:ADDDF) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
adidas AG Pretax Margin % Related Terms
adidas AG Pretax Margin % Historical Data
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The historical data trend for adidas AG's Pretax Margin % 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.
ADDDF vs NKE, DECK, ONON: Pretax Margin % Comparison
For the Footwear & Accessories subindustry, adidas AG's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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.
adidas AG Pretax Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where adidas AG's Pretax Margin % falls into.
* 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.
adidas AG (ADDDF) has a Pretax Margin % of 9.80% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on adidas AG and its competitors. This is 25% above median its historical median of 7.83. Over the past decade, adidas AG's Pretax Margin % has ranged from 0.30 to 10.85. According to the industry distribution chart, adidas AG ranks #330 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 31.6%.
Is adidas AG's Pretax Margin % too high?
adidas AG's current Pretax Margin % of 9.80% is 25% above median its 10-year median of 7.83. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 10.85. The Manufacturing - Apparel & Accessories industry median Pretax Margin % is 3.52. adidas AG's value of 9.80% is 178.4% above this industry median. Based on the distribution chart, adidas AG ranks #330 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, adidas AG has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's Pretax Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, adidas AG ranks #330 out of 1043 companies for Pretax Margin %. This puts adidas AG in the upper half of its industry. The industry median Pretax Margin % is 3.52. adidas AG's value of 9.80% is 178.4% above this benchmark. Historically, adidas AG's own Pretax Margin % has ranged from 0.30 to 10.85 over the past decade. While the company's 10-year median is 7.83 vs. the industry median of 3.52, adidas AG 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 Pretax Margin % for a Manufacturing - Apparel & Accessories company?
The median Pretax Margin % among Manufacturing - Apparel & Accessories companies is 3.52, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. adidas AG's current Pretax Margin % of 9.80% is 178.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on adidas AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Pretax Margin % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. adidas AG's current Pretax Margin % is 9.80%, which is 25% above median its own 10-year median of 7.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (ADDDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $239.20, compared to a current price of $196.88 — trading 17.7% below its estimated fair value. The current Pretax Margin % is 9.80%, which is 25% above median its 10-year median of 7.83 and 178.4% above the Manufacturing - Apparel & Accessories industry median of 3.52. adidas AG's overall GF Score™ is 86/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For adidas AG (ADDDF), the current Pretax Margin % is 9.80% 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 adidas AG (ADDDF) Overvalued in 2026?
Based on GuruFocus' analysis, adidas AG stock appears to be undervalued.
The current stock price of $196.88 is trading 17.7% below its estimated GF Value™ of $239.20.
GuruFocus considers adidas AG to be Modestly Undervalued.
Key valuation signals for ADDDF:
Pretax Margin %: 9.80% (25% above median its 10-year median of 7.83)
GF Value™: $239.20 vs. price of $196.88 (17.7% below fair value)
Industry Position: 178.4% above the Manufacturing - Apparel & Accessories median (#330 of 1043)
No single metric tells the full story. See the ADDDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
86GF Score
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