AdvantestATEYY +1.21%87 Pretax Margin % is 52.54% as of Mar. 2026, which is 130% above its 10-year median of 22.85. GuruFocus rates ATEYY with a GF Score™ of 87/100 and a GF Value™ of $103.66 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,023 Semiconductors companies, Advantest ranks better than 96.97% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Advantest's Pre-Tax Income for the
three
months ended in Mar. 2026 was $1,086 Mil. Advantest's Revenue for the
three
months ended in Mar. 2026 was $2,067 Mil. Therefore, Advantest's pretax margin for the quarter that ended in Mar. 2026 was 52.54%.
The historical rank and industry rank for Advantest's Pretax Margin % or its related term are showing as below:
ATEYY'
s Pretax Margin % Range Over the Past 10 Years
Min: 9.63 Med: 22.85 Max: 45.78
Current: 45.78
ATEYY's Pretax Margin % is ranked better than 96.97% of 1023
companies
in the Semiconductors industry
Industry Median: 5.07
vs ATEYY: 45.78
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.
Advantest Pretax Margin % Related Terms
Advantest Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Advantest'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.
ATEYY vs LRCX, AMAT, KLAC: Pretax Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, Advantest'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.
Advantest Pretax Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advantest's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Advantest'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.
Advantest (ATEYY) has a Pretax Margin % of 52.54% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Advantest and its competitors. This is 130% above median its historical median of 22.85. Over the past decade, Advantest's Pretax Margin % has ranged from 9.63 to 45.78. According to the industry distribution chart, Advantest ranks #31 out of 1023 companies in the Semiconductors industry, placing it in the top 3%.
Is Advantest's Pretax Margin % too high?
Advantest's current Pretax Margin % of 52.54% is 130% above median its 10-year median of 22.85. Over the past 10 years, this metric has ranged from a low of 9.63 to a high of 45.78. The Semiconductors industry median Pretax Margin % is 5.07. Advantest's value of 52.54% is 936.3% above this industry median. Based on the distribution chart, Advantest ranks #31 out of 1023 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Advantest has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advantest's Pretax Margin % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Advantest ranks #31 out of 1023 companies for Pretax Margin %. This places Advantest in the top 3% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.07. Advantest's value of 52.54% is 936.3% above this benchmark. Historically, Advantest's own Pretax Margin % has ranged from 9.63 to 45.78 over the past decade. While the company's 10-year median is 22.85 vs. the industry median of 5.07, Advantest 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 Semiconductors company?
The median Pretax Margin % among Semiconductors companies is 5.07, based on 1,023 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. Advantest's current Pretax Margin % of 52.54% is 936.3% 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 Advantest and its competitors. For the Semiconductors industry, the median Pretax Margin % is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advantest's current Pretax Margin % is 52.54%, which is 130% above median its own 10-year median of 22.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advantest stock overvalued right now?
Based on GuruFocus' analysis, Advantest (ATEYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $103.66, compared to a current price of $192.75 — trading 85.9% above its estimated fair value. The current Pretax Margin % is 52.54%, which is 130% above median its 10-year median of 22.85 and 936.3% above the Semiconductors industry median of 5.07. Advantest's overall GF Score™ is 87/100 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 Advantest (ATEYY), the current Pretax Margin % is 52.54% as of Mar. 2026. 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 Advantest (ATEYY) Overvalued in 2026?
Based on GuruFocus' analysis, Advantest stock appears to be overvalued.
The current stock price of $192.75 is trading 85.9% above its estimated GF Value™ of $103.66.
GuruFocus considers Advantest to be Significantly Overvalued.
Key valuation signals for ATEYY:
Pretax Margin %: 52.54% (130% above median its 10-year median of 22.85)
GF Value™: $103.66 vs. price of $192.75 (85.9% above fair value)
Industry Position: 936.3% above the Semiconductors median (#31 of 1023)
No single metric tells the full story. See the ATEYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1954 and headquartered in Tokyo, Advantest specializes in semiconductor test systems and is a well-known leader in automated test equipment, or ATE. Advantest also has a high market share in test systems for nonmemory semiconductors, including application processors for mobile phones. The company is also involved in peripheral businesses, such as semiconductor device transport equipment. Following its acquisition of Verigy in July 2011, Advantest holds a market share of over 50% in the ATE market.
87GF Score
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