Tourism HoldingsASX:THL +0.89%70 Pretax Margin % is 8.51% as of Dec. 2025, which is 34% above its 10-year median of 6.34. GuruFocus rates ASX:THL with a GF Score™ of 70/100 and a GF Value™ of A$1.78 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,326 Vehicles & Parts companies, Tourism Holdings ranks worse than 76.17% 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.
Tourism Holdings Pretax Margin % Related Terms
Tourism Holdings Pretax Margin % Historical Data
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The historical data trend for Tourism Holdings'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:THL vs BC, THO, PII: Pretax Margin % Comparison
For the Recreational Vehicles subindustry, Tourism Holdings'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.
Tourism Holdings Pretax Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tourism Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tourism Holdings'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.
Tourism Holdings (ASX:THL) has a Pretax Margin % of 8.51% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tourism Holdings and its competitors. This is 34% above median its historical median of 6.34. According to the industry distribution chart, Tourism Holdings ranks #1010 out of 1326 companies in the Vehicles & Parts industry, placing it in the top 76.2%.
Is Tourism Holdings' Pretax Margin % too high?
Tourism Holdings' current Pretax Margin % of 8.51% is 34% above median its 10-year median of 6.34. The Vehicles & Parts industry median Pretax Margin % is 4.40. Tourism Holdings' value of 8.51% is 93.4% above this industry median. Based on the distribution chart, Tourism Holdings ranks #1010 out of 1326 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tourism Holdings has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tourism Holdings' Pretax Margin % compare to BC and THO?
According to the Vehicles & Parts industry distribution chart, Tourism Holdings ranks #1010 out of 1326 companies for Pretax Margin %. This places Tourism Holdings in the lower half of its industry. The industry median Pretax Margin % is 4.40. Tourism Holdings' value of 8.51% is 93.4% above this benchmark. While the company's 10-year median is 6.34 vs. the industry median of 4.40, Tourism Holdings 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 Vehicles & Parts company?
The median Pretax Margin % among Vehicles & Parts companies is 4.40, based on 1,326 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. Tourism Holdings's current Pretax Margin % of 8.51% is 93.4% 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 Tourism Holdings and its competitors. For the Vehicles & Parts industry, the median Pretax Margin % is 4.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tourism Holdings's current Pretax Margin % is 8.51%, which is 34% above median its own 10-year median of 6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourism Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tourism Holdings (ASX:THL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$1.78, compared to a current price of A$2.27 — trading 27.5% above its estimated fair value. The current Pretax Margin % is 8.51%, which is 34% above median its 10-year median of 6.34 and 93.4% above the Vehicles & Parts industry median of 4.40. Tourism Holdings' overall GF Score™ is 70/100 with 11 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 Tourism Holdings (ASX:THL), the current Pretax Margin % is 8.51% 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 Tourism Holdings (ASX:THL) Overvalued in 2026?
Based on GuruFocus' analysis, Tourism Holdings stock appears to be overvalued.
The current stock price of A$2.27 is trading 27.5% above its estimated GF Value™ of A$1.78.
GuruFocus considers Tourism Holdings to be Modestly Overvalued.
Key valuation signals for ASX:THL:
Pretax Margin %: 8.51% (34% above median its 10-year median of 6.34)
GF Value™: A$1.78 vs. price of A$2.27 (27.5% above fair value)
Industry Position: 93.4% above the Vehicles & Parts median (#1010 of 1326)
No single metric tells the full story. See the ASX:THL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals, sales and manufacturing; United States Rentals and corporate. It generates maximum revenue from Australia Rentals segment.
70GF Score
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