MyStateASX:MYS +0.66%64 Pretax Margin % is 31.64% as of Dec. 2025, which is 7% below its 10-year median of 33.93. GuruFocus rates ASX:MYS with a GF Score™ of 64/100 and a GF Value™ of A$4.13 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,530 Banks companies, MyState ranks worse than 63.92% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MyState's Pre-Tax Income for the
six
months ended in Dec. 2025 was A$38.6 Mil. MyState's Revenue for the
six
months ended in Dec. 2025 was A$121.8 Mil. Therefore, MyState's pretax margin for the quarter that ended in Dec. 2025 was 31.64%.
The historical rank and industry rank for MyState's Pretax Margin % or its related term are showing as below:
ASX:MYS'
s Pretax Margin % Range Over the Past 10 Years
Min: 28.79 Med: 33.93 Max: 37.58
Current: 29.66
ASX:MYS's Pretax Margin % is ranked worse than 63.92% of 1530
companies
in the Banks industry
Industry Median: 34.715
vs ASX:MYS: 29.66
MyState (ASX:MYS) 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.
MyState Pretax Margin % Related Terms
MyState Pretax Margin % Historical Data
* Premium members only.
The historical data trend for MyState'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 Banks - Regional subindustry, MyState'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.
MyState Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, MyState's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where MyState'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.
MyState (ASX:MYS) has a Pretax Margin % of 31.64% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on MyState and its competitors. This is near median its historical median of 33.93. Over the past decade, MyState's Pretax Margin % has ranged from 28.79 to 37.58. According to the industry distribution chart, MyState ranks #978 out of 1530 companies in the Banks industry, placing it in the top 63.9%.
Is MyState's Pretax Margin % too high?
MyState's current Pretax Margin % of 31.64% is near median its 10-year median of 33.93. Over the past 10 years, this metric has ranged from a low of 28.79 to a high of 37.58. The Banks industry median Pretax Margin % is 34.72. MyState's value of 31.64% is 8.9% below this industry median. Based on the distribution chart, MyState ranks #978 out of 1530 companies in the Banks industry, which is below the industry midpoint. Overall, MyState has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MyState's Pretax Margin % compare to PNC and USB?
According to the Banks industry distribution chart, MyState ranks #978 out of 1530 companies for Pretax Margin %. This places MyState in the lower half of its industry. The industry median Pretax Margin % is 34.72. MyState's value of 31.64% is 8.9% below this benchmark. Historically, MyState's own Pretax Margin % has ranged from 28.79 to 37.58 over the past decade. While the company's 10-year median is 33.93 vs. the industry median of 34.72, MyState has consistently been below 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 Banks company?
The median Pretax Margin % among Banks companies is 34.72, based on 1,530 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. MyState's current Pretax Margin % of 31.64% is 8.9% below 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 MyState and its competitors. For the Banks industry, the median Pretax Margin % is 34.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MyState's current Pretax Margin % is 31.64%, which is near median its own 10-year median of 33.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MyState stock overvalued right now?
Based on GuruFocus' analysis, MyState (ASX:MYS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.13, compared to a current price of A$4.61 — trading 11.6% above its estimated fair value. The current Pretax Margin % is 31.64%, which is near median its 10-year median of 33.93 and 8.9% below the Banks industry median of 34.72. MyState's overall GF Score™ is 64/100 with 9 warning signs 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 MyState (ASX:MYS), the current Pretax Margin % is 31.64% 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 MyState (ASX:MYS) Overvalued in 2026?
Based on GuruFocus' analysis, MyState stock appears to be overvalued.
The current stock price of A$4.61 is trading 11.6% above its estimated GF Value™ of A$4.13.
GuruFocus considers MyState to be Modestly Overvalued.
Key valuation signals for ASX:MYS:
Pretax Margin %: 31.64% (near median its 10-year median of 33.93)
GF Value™: A$4.13 vs. price of A$4.61 (11.6% above fair value)
Industry Position: 8.9% below the Banks median (#978 of 1530)
No single metric tells the full story. See the ASX:MYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MyState Limited is a Tasmania-based financial company that provides banking, trustee, and funds management services. The company generates the vast majority of its profit from its banking business, which provides a range of financial services including home and personal loans, credit and debit cards, and equipment finance. Home loans account for the vast majority of its loan book. The funds management segment provides trustee and funds management services through the subsidiary TPT Wealth.
64GF Score
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