Reef Casino TrustASX:RCT +3.33%74 Pretax Margin % is 24.33% as of Dec. 2025, which is 9% above its 10-year median of 22.25. GuruFocus rates ASX:RCT with a GF Score™ of 74/100 and a GF Value™ of A$3.01 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 844 Travel & Leisure companies, Reef Casino Trust ranks better than 81.04% 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.
Reef Casino Trust Pretax Margin % Related Terms
Reef Casino Trust Pretax Margin % Historical Data
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The historical data trend for Reef Casino Trust'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.
ASX:RCT vs LVS, MGM, WYNN: Pretax Margin % Comparison
For the Resorts & Casinos subindustry, Reef Casino Trust'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.
Reef Casino Trust Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Reef Casino Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Reef Casino Trust'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.
Reef Casino Trust (ASX:RCT) has a Pretax Margin % of 24.33% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Reef Casino Trust and its competitors. This is near median its historical median of 22.25. According to the industry distribution chart, Reef Casino Trust ranks #160 out of 844 companies in the Travel & Leisure industry, placing it in the top 19%.
Is Reef Casino Trust's Pretax Margin % too high?
Reef Casino Trust's current Pretax Margin % of 24.33% is near median its 10-year median of 22.25. The Travel & Leisure industry median Pretax Margin % is 6.04. Reef Casino Trust's value of 24.33% is 302.8% above this industry median. Based on the distribution chart, Reef Casino Trust ranks #160 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Reef Casino Trust has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reef Casino Trust's Pretax Margin % compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Reef Casino Trust ranks #160 out of 844 companies for Pretax Margin %. This places Reef Casino Trust in the top 19% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.04. Reef Casino Trust's value of 24.33% is 302.8% above this benchmark. While the company's 10-year median is 22.25 vs. the industry median of 6.04, Reef Casino Trust 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 Travel & Leisure company?
The median Pretax Margin % among Travel & Leisure companies is 6.04, based on 844 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. Reef Casino Trust's current Pretax Margin % of 24.33% is 302.8% 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 Reef Casino Trust and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reef Casino Trust's current Pretax Margin % is 24.33%, which is near median its own 10-year median of 22.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reef Casino Trust stock overvalued right now?
Based on GuruFocus' analysis, Reef Casino Trust (ASX:RCT) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.01, compared to a current price of A$3.72 — trading 23.6% above its estimated fair value. The current Pretax Margin % is 24.33%, which is near median its 10-year median of 22.25 and 302.8% above the Travel & Leisure industry median of 6.04. Reef Casino Trust's overall GF Score™ is 74/100 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 Reef Casino Trust (ASX:RCT), the current Pretax Margin % is 24.33% 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 Reef Casino Trust (ASX:RCT) Overvalued in 2026?
Based on GuruFocus' analysis, Reef Casino Trust stock appears to be overvalued.
The current stock price of A$3.72 is trading 23.6% above its estimated GF Value™ of A$3.01.
GuruFocus considers Reef Casino Trust to be Modestly Overvalued.
Key valuation signals for ASX:RCT:
Pretax Margin %: 24.33% (near median its 10-year median of 22.25)
GF Value™: A$3.01 vs. price of A$3.72 (23.6% above fair value)
Industry Position: 302.8% above the Travel & Leisure median (#160 of 844)
No single metric tells the full story. See the ASX:RCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reef Casino Trust is engaged in the operation of the Reef Hotel-Casino Complex located in Cairns, Queensland, Australia. The company derives revenue from the casino, which includes electronic gaming and table games, and the hotel, which includes room accommodation and food and beverage, and others. The majority of the revenue is generated from the rental income received from the casino operations. The company operates in two segments, which includes Casino operations and Hotel segment.
74GF Score
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