Evolution MiningASX:EVN +2.95%86 Pretax Margin % is 39.74% as of Dec. 2025, which is 93% above its 10-year median of 20.54. GuruFocus rates ASX:EVN with a GF Score™ of 86/100 and a GF Value™ of A$8.32 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 842 Metals & Mining companies, Evolution Mining ranks better than 81.83% on this metric.
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.
Evolution Mining Pretax Margin % Related Terms
Evolution Mining Pretax Margin % Historical Data
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The historical data trend for Evolution Mining'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 Gold subindustry, Evolution Mining'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.
Evolution Mining Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Evolution Mining's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Evolution Mining'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.
Evolution Mining (ASX:EVN) has a Pretax Margin % of 39.74% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Evolution Mining and its competitors. This is 93% above median its historical median of 20.54. According to the industry distribution chart, Evolution Mining ranks #153 out of 842 companies in the Metals & Mining industry, placing it in the top 18.2%.
Is Evolution Mining's Pretax Margin % too high?
Evolution Mining's current Pretax Margin % of 39.74% is 93% above median its 10-year median of 20.54. The Metals & Mining industry median Pretax Margin % is 4.84. Evolution Mining's value of 39.74% is 721.1% above this industry median. Based on the distribution chart, Evolution Mining ranks #153 out of 842 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Evolution Mining has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's Pretax Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Evolution Mining ranks #153 out of 842 companies for Pretax Margin %. This places Evolution Mining in the top 18% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.84. Evolution Mining's value of 39.74% is 721.1% above this benchmark. While the company's 10-year median is 20.54 vs. the industry median of 4.84, Evolution Mining 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 Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.84, based on 842 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. Evolution Mining's current Pretax Margin % of 39.74% is 721.1% 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 Evolution Mining and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution Mining's current Pretax Margin % is 39.74%, which is 93% above median its own 10-year median of 20.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.32, compared to a current price of A$12.23 — trading 47% above its estimated fair value. The current Pretax Margin % is 39.74%, which is 93% above median its 10-year median of 20.54 and 721.1% above the Metals & Mining industry median of 4.84. Evolution Mining's overall GF Score™ is 86/100 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 Evolution Mining (ASX:EVN), the current Pretax Margin % is 39.74% as of Dec. 2025. 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 Evolution Mining (ASX:EVN) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued.
The current stock price of A$12.23 is trading 47% above its estimated GF Value™ of A$8.32.
GuruFocus considers Evolution Mining to be Significantly Overvalued.
Key valuation signals for ASX:EVN:
Pretax Margin %: 39.74% (93% above median its 10-year median of 20.54)
GF Value™: A$8.32 vs. price of A$12.23 (47% above fair value)
Industry Position: 721.1% above the Metals & Mining median (#153 of 842)
No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
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