The LotteryASX:TLC +1.08%63 Pretax Margin % is 13.83% as of Dec. 2025, which is 2% below its 10-year median of 14.05. GuruFocus rates ASX:TLC with a GF Score™ of 63/100 and a GF Value™ of A$5.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 845 Travel & Leisure companies, The Lottery ranks better than 70.53% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. The Lottery's Pre-Tax Income for the
six
months ended in Dec. 2025 was A$251 Mil. The Lottery's Revenue for the
six
months ended in Dec. 2025 was A$1,815 Mil. Therefore, The Lottery's pretax margin for the quarter that ended in Dec. 2025 was 13.83%.
The historical rank and industry rank for The Lottery's Pretax Margin % or its related term are showing as below:
ASX:TLC'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.05 Med: 14.05 Max: 16.05
Current: 14
ASX:TLC's Pretax Margin % is ranked better than 70.53% of 845
companies
in the Travel & Leisure industry
Industry Median: 6.11
vs ASX:TLC: 14.00
The Lottery (ASX:TLC) 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.
The Lottery Pretax Margin % Related Terms
The Lottery Pretax Margin % Historical Data
* Premium members only.
The historical data trend for The Lottery'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:TLC vs FLUT, DKNG, LNWO: Pretax Margin % Comparison
For the Gambling subindustry, The Lottery'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.
The Lottery Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where The Lottery'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.
The Lottery (ASX:TLC) has a Pretax Margin % of 13.83% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on The Lottery and its competitors. This is near median its historical median of 14.05. Over the past decade, The Lottery's Pretax Margin % has ranged from 11.05 to 16.05. According to the industry distribution chart, The Lottery ranks #249 out of 845 companies in the Travel & Leisure industry, placing it in the top 29.5%.
Is The Lottery's Pretax Margin % too high?
The Lottery's current Pretax Margin % of 13.83% is near median its 10-year median of 14.05. Over the past 10 years, this metric has ranged from a low of 11.05 to a high of 16.05. The Travel & Leisure industry median Pretax Margin % is 6.11. The Lottery's value of 13.83% is 126.4% above this industry median. Based on the distribution chart, The Lottery ranks #249 out of 845 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, The Lottery has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Lottery's Pretax Margin % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #249 out of 845 companies for Pretax Margin %. This puts The Lottery in the upper half of its industry. The industry median Pretax Margin % is 6.11. The Lottery's value of 13.83% is 126.4% above this benchmark. Historically, The Lottery's own Pretax Margin % has ranged from 11.05 to 16.05 over the past decade. While the company's 10-year median is 14.05 vs. the industry median of 6.11, The Lottery 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 6.11, based on 845 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. The Lottery's current Pretax Margin % of 13.83% is 126.4% 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 The Lottery and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lottery's current Pretax Margin % is 13.83%, which is near median its own 10-year median of 14.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
Based on GuruFocus' analysis, The Lottery (ASX:TLC) is currently considered Fairly Valued. The stock's GF Value™ is A$5.23, compared to a current price of A$5.63 — trading 7.6% above its estimated fair value. The current Pretax Margin % is 13.83%, which is near median its 10-year median of 14.05 and 126.4% above the Travel & Leisure industry median of 6.11. The Lottery's overall GF Score™ is 63/100 with 4 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 The Lottery (ASX:TLC), the current Pretax Margin % is 13.83% 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 The Lottery (ASX:TLC) Overvalued in 2026?
Based on GuruFocus' analysis, The Lottery stock appears to be overvalued.
The current stock price of A$5.63 is trading 7.6% above its estimated GF Value™ of A$5.23.
GuruFocus considers The Lottery to be Fairly Valued.
Key valuation signals for ASX:TLC:
Pretax Margin %: 13.83% (near median its 10-year median of 14.05)
GF Value™: A$5.23 vs. price of A$5.63 (7.6% above fair value)
Industry Position: 126.4% above the Travel & Leisure median (#249 of 845)
No single metric tells the full story. See the ASX:TLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
63GF Score
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