Transurban GroupASX:TCL +1.45%75 Pretax Margin % is 17.75% as of Dec. 2025, which is 1430% above its 10-year median of 1.16. GuruFocus rates ASX:TCL with a GF Score™ of 75/100 and a GF Value™ of A$13.47 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,763 Construction companies, Transurban Group ranks better than 77.88% on this metric.
The historical rank and industry rank for Transurban Group's Pretax Margin % or its related term are showing as below:
ASX:TCL'
s Pretax Margin % Range Over the Past 10 Years
Min: -16.63 Med: 1.16 Max: 12.19
Current: 12.19
ASX:TCL's Pretax Margin % is ranked better than 77.88% of 1763
companies
in the Construction industry
Industry Median: 5.56
vs ASX:TCL: 12.19
Transurban Group (ASX:TCL) 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.
Transurban Group Pretax Margin % Related Terms
Transurban Group Pretax Margin % Historical Data
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The historical data trend for Transurban Group'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.
Transurban Group Pretax Margin % Competitor Comparison
For the Infrastructure Operations subindustry, Transurban Group'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.
Transurban Group Pretax Margin % vs Construction Industry
For the Construction industry and Industrials sector, Transurban Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Transurban Group'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.
Transurban Group (ASX:TCL) has a Pretax Margin % of 17.75% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Transurban Group and its competitors. This is 1430% above median its historical median of 1.16. According to the industry distribution chart, Transurban Group ranks #390 out of 1763 companies in the Construction industry, placing it in the top 22.1%.
Is Transurban Group's Pretax Margin % too high?
Transurban Group's current Pretax Margin % of 17.75% is 1430% above median its 10-year median of 1.16. The Construction industry median Pretax Margin % is 5.56. Transurban Group's value of 17.75% is 219.2% above this industry median. Based on the distribution chart, Transurban Group ranks #390 out of 1763 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Transurban Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Transurban Group's Pretax Margin % compare to competitors?
According to the Construction industry distribution chart, Transurban Group ranks #390 out of 1763 companies for Pretax Margin %. This places Transurban Group in the top 22% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.56. Transurban Group's value of 17.75% is 219.2% above this benchmark. While the company's 10-year median is 1.16 vs. the industry median of 5.56, Transurban Group 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 Construction company?
The median Pretax Margin % among Construction companies is 5.56, based on 1,763 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. Transurban Group's current Pretax Margin % of 17.75% is 219.2% 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 Transurban Group and its competitors. For the Construction industry, the median Pretax Margin % is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transurban Group's current Pretax Margin % is 17.75%, which is 1430% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transurban Group stock overvalued right now?
Based on GuruFocus' analysis, Transurban Group (ASX:TCL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$13.47, compared to a current price of A$15.39 — trading 14.3% above its estimated fair value. The current Pretax Margin % is 17.75%, which is 1430% above median its 10-year median of 1.16 and 219.2% above the Construction industry median of 5.56. Transurban Group's overall GF Score™ is 75/100 with 10 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 Transurban Group (ASX:TCL), the current Pretax Margin % is 17.75% 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 Transurban Group (ASX:TCL) Overvalued in 2026?
Based on GuruFocus' analysis, Transurban Group stock appears to be overvalued.
The current stock price of A$15.39 is trading 14.3% above its estimated GF Value™ of A$13.47.
GuruFocus considers Transurban Group to be Modestly Overvalued.
Key valuation signals for ASX:TCL:
Pretax Margin %: 17.75% (1430% above median its 10-year median of 1.16)
GF Value™: A$13.47 vs. price of A$15.39 (14.3% above fair value)
Industry Position: 219.2% above the Construction median (#390 of 1763)
No single metric tells the full story. See the ASX:TCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA, and Montreal, Canada. The weighted average concession life across the portfolio is about 25 years. Australian assets contribute around 90% of proportional revenue.
75GF Score
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