Sandfire ResourcesASX:SFR -0.42%86 Pretax Margin % is 21.21% as of Dec. 2025, which is 17% above its 10-year median of 18.11. GuruFocus rates ASX:SFR with a GF Score™ of 86/100 and a GF Value™ of A$14.53 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 842 Metals & Mining companies, Sandfire Resources ranks better than 68.53% 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.
Sandfire Resources Pretax Margin % Related Terms
Sandfire Resources Pretax Margin % Historical Data
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The historical data trend for Sandfire Resources'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 Copper subindustry, Sandfire Resources'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.
Sandfire Resources Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sandfire Resources's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Sandfire Resources'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.
Sandfire Resources (ASX:SFR) has a Pretax Margin % of 21.21% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Sandfire Resources and its competitors. This is 17% above median its historical median of 18.11. According to the industry distribution chart, Sandfire Resources ranks #265 out of 842 companies in the Metals & Mining industry, placing it in the top 31.5%.
Is Sandfire Resources' Pretax Margin % too high?
Sandfire Resources' current Pretax Margin % of 21.21% is 17% above median its 10-year median of 18.11. The Metals & Mining industry median Pretax Margin % is 4.84. Sandfire Resources' value of 21.21% is 338.2% above this industry median. Based on the distribution chart, Sandfire Resources ranks #265 out of 842 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Sandfire Resources has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandfire Resources' Pretax Margin % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Sandfire Resources ranks #265 out of 842 companies for Pretax Margin %. This puts Sandfire Resources in the upper half of its industry. The industry median Pretax Margin % is 4.84. Sandfire Resources' value of 21.21% is 338.2% above this benchmark. While the company's 10-year median is 18.11 vs. the industry median of 4.84, Sandfire Resources 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. Sandfire Resources's current Pretax Margin % of 21.21% is 338.2% 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 Sandfire Resources 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. Sandfire Resources's current Pretax Margin % is 21.21%, which is 17% above median its own 10-year median of 18.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandfire Resources stock overvalued right now?
Based on GuruFocus' analysis, Sandfire Resources (ASX:SFR) is currently considered Modestly Overvalued. The stock's GF Value™ is A$14.53, compared to a current price of A$18.89 — trading 30% above its estimated fair value. The current Pretax Margin % is 21.21%, which is 17% above median its 10-year median of 18.11 and 338.2% above the Metals & Mining industry median of 4.84. Sandfire Resources' overall GF Score™ is 86/100 with 5 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 Sandfire Resources (ASX:SFR), the current Pretax Margin % is 21.21% 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 Sandfire Resources (ASX:SFR) Overvalued in 2026?
Based on GuruFocus' analysis, Sandfire Resources stock appears to be overvalued.
The current stock price of A$18.89 is trading 30% above its estimated GF Value™ of A$14.53.
GuruFocus considers Sandfire Resources to be Modestly Overvalued.
Key valuation signals for ASX:SFR:
Pretax Margin %: 21.21% (17% above median its 10-year median of 18.11)
GF Value™: A$14.53 vs. price of A$18.89 (30% above fair value)
Industry Position: 338.2% above the Metals & Mining median (#265 of 842)
No single metric tells the full story. See the ASX:SFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandfire Resources Ltd is a copper-focused mineral exploration and development company. The company's operating segments include DeGrussa Copper operations, MATSA Copper Operations, Black Butte Copper Project, Motheo Copper Operations, and Exploration and Other. It derives key revenue from the MATSA Copper Operations segment, which consists of the Minas de Aguas Tenidas (MATSA) polymetallic mining complex in Spain and exploration and evaluation activities in Spain and Portugal. The operations comprise three underground mines and a central processing facility. The mines generate revenue from the sale of copper, zinc, and lead concentrates containing a silver by-product. Geographically, the company generates maximum revenue from Spain, followed by China, Sweden, Malaysia, and other regions.
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