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Amer SportsAS +2.55%68 Pretax Margin % is 9.85% as of Jun. 2026. GuruFocus rates AS with a GF Score™ of 68/100 and a GF Value™ of $37.34 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 840 Travel & Leisure companies, Amer Sports ranks better than 62.26% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Amer Sports's Pre-Tax Income for the
three
months ended in Jun. 2026 was $161 Mil. Amer Sports's Revenue for the
three
months ended in Jun. 2026 was $1,633 Mil. Therefore, Amer Sports's pretax margin for the quarter that ended in Jun. 2026 was 9.85%.
The historical rank and industry rank for Amer Sports's Pretax Margin % or its related term are showing as below:
AS'
s Pretax Margin % Range Over the Past 10 Years
Min: -6.03 Med: -2.66 Max: 10.85
Current: 10.85
AS's Pretax Margin % is ranked better than 62.26% of 840
companies
in the Travel & Leisure industry
Industry Median: 6.6
vs AS: 10.85
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.
Amer Sports Pretax Margin % Related Terms
Amer Sports Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Amer Sports'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.
For the Leisure subindustry, Amer Sports'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.
Amer Sports Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Amer Sports's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Amer Sports'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.
Amer Sports (AS) has a Pretax Margin % of 9.85% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Amer Sports and its competitors. According to the industry distribution chart, Amer Sports ranks #317 out of 840 companies in the Travel & Leisure industry, placing it in the top 37.7%.
Is Amer Sports' Pretax Margin % too high?
Amer Sports' current Pretax Margin % is 9.85%. The Travel & Leisure industry median Pretax Margin % is 6.60. Amer Sports' value of 9.85% is 49.2% above this industry median. Based on the distribution chart, Amer Sports ranks #317 out of 840 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Amer Sports has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amer Sports' Pretax Margin % compare to HAS and LTH?
According to the Travel & Leisure industry distribution chart, Amer Sports ranks #317 out of 840 companies for Pretax Margin %. This puts Amer Sports in the upper half of its industry. The industry median Pretax Margin % is 6.60. Amer Sports' value of 9.85% is 49.2% 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 Pretax Margin % for a Travel & Leisure company?
The median Pretax Margin % among Travel & Leisure companies is 6.60, based on 840 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. Amer Sports's current Pretax Margin % of 9.85% is 49.2% 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 Amer Sports and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amer Sports's current Pretax Margin % is 9.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amer Sports stock overvalued right now?
Based on GuruFocus' analysis, Amer Sports (AS) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.34, compared to a current price of $26.94 — trading 27.9% below its estimated fair value. The current Pretax Margin % is 9.85% and 49.2% above the Travel & Leisure industry median of 6.60. Amer Sports' overall GF Score™ is 68/100 with 1 warning sign to review. 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 Amer Sports (AS), the current Pretax Margin % is 9.85% 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 Amer Sports (AS) Overvalued in 2026?
Based on GuruFocus' analysis, Amer Sports stock appears to be undervalued.
The current stock price of $26.94 is trading 27.9% below its estimated GF Value™ of $37.34.
GuruFocus considers Amer Sports to be Modestly Undervalued.
Key valuation signals for AS:
Pretax Margin %: 9.85%
GF Value™: $37.34 vs. price of $26.94 (27.9% below fair value)
Industry Position: 49.2% above the Travel & Leisure median (#317 of 840)
No single metric tells the full story. See the AS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $6.6 billion in 2025. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2025, the firm generated 32% of its revenue from the Americas, 28% from Europe, the Middle East, and Africa, 28% from China, and 12% from the Asia-Pacific, excluding China.
68GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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