Millionaire Property FundBKK:MIPF 79 Pretax Margin % is 63.52% as of Mar. 2026, which is 29% above its 10-year median of 49.38. GuruFocus rates BKK:MIPF with a GF Score™ of 79/100 and a GF Value™ of ฿10.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 932 REITs companies, Millionaire Property Fund ranks worse than 53.97% on this metric.
The historical rank and industry rank for Millionaire Property Fund's Pretax Margin % or its related term are showing as below:
BKK:MIPF'
s Pretax Margin % Range Over the Past 10 Years
Min: 22 Med: 49.38 Max: 66.24
Current: 43.6
BKK:MIPF's Pretax Margin % is ranked worse than 53.97% of 932
companies
in the REITs industry
Industry Median: 46.815
vs BKK:MIPF: 43.60
Millionaire Property Fund (BKK:MIPF) 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.
Millionaire Property Fund Pretax Margin % Related Terms
Millionaire Property Fund Pretax Margin % Historical Data
* 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.
BKK:MIPF vs BXP, ARE, VNO: Pretax Margin % Comparison
For the REIT - Office subindustry, Millionaire Property Fund'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.
Millionaire Property Fund Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Millionaire Property Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Millionaire Property Fund'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.
Millionaire Property Fund (BKK:MIPF) has a Pretax Margin % of 63.52% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Millionaire Property Fund and its competitors. This is 29% above median its historical median of 49.38. Over the past decade, Millionaire Property Fund's Pretax Margin % has ranged from 22.00 to 66.24. According to the industry distribution chart, Millionaire Property Fund ranks #503 out of 932 companies in the REITs industry, placing it in the top 54%.
Is Millionaire Property Fund's Pretax Margin % too high?
Millionaire Property Fund's current Pretax Margin % of 63.52% is 29% above median its 10-year median of 49.38. Over the past 10 years, this metric has ranged from a low of 22.00 to a high of 66.24. The REITs industry median Pretax Margin % is 46.82. Millionaire Property Fund's value of 63.52% is 35.7% above this industry median. Based on the distribution chart, Millionaire Property Fund ranks #503 out of 932 companies in the REITs industry, which is below the industry midpoint. Overall, Millionaire Property Fund has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Millionaire Property Fund's Pretax Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Millionaire Property Fund ranks #503 out of 932 companies for Pretax Margin %. This places Millionaire Property Fund in the lower half of its industry. The industry median Pretax Margin % is 46.82. Millionaire Property Fund's value of 63.52% is 35.7% above this benchmark. Historically, Millionaire Property Fund's own Pretax Margin % has ranged from 22.00 to 66.24 over the past decade. While the company's 10-year median is 49.38 vs. the industry median of 46.82, Millionaire Property Fund 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 REITs company?
The median Pretax Margin % among REITs companies is 46.82, based on 932 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. Millionaire Property Fund's current Pretax Margin % of 63.52% is 35.7% 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 Millionaire Property Fund and its competitors. For the REITs industry, the median Pretax Margin % is 46.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millionaire Property Fund's current Pretax Margin % is 63.52%, which is 29% above median its own 10-year median of 49.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millionaire Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Millionaire Property Fund (BKK:MIPF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.93, compared to a current price of ฿9.20 — trading 15.8% below its estimated fair value. The current Pretax Margin % is 63.52%, which is 29% above median its 10-year median of 49.38 and 35.7% above the REITs industry median of 46.82. Millionaire Property Fund's overall GF Score™ is 79/100 with 2 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 Millionaire Property Fund (BKK:MIPF), the current Pretax Margin % is 63.52% 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 Millionaire Property Fund (BKK:MIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Millionaire Property Fund stock appears to be undervalued.
The current stock price of ฿9.20 is trading 15.8% below its estimated GF Value™ of ฿10.93.
GuruFocus considers Millionaire Property Fund to be Modestly Undervalued.
Key valuation signals for BKK:MIPF:
Pretax Margin %: 63.52% (29% above median its 10-year median of 49.38)
GF Value™: ฿10.93 vs. price of ฿9.20 (15.8% below fair value)
Industry Position: 35.7% above the REITs median (#503 of 932)
No single metric tells the full story. See the BKK:MIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millionaire Property Fund is a close-ended property fund with no maturity date. The objective of the company is to mobilize funds from the sale of investment units to purchase and/or lease property and procure benefits from such property. The Fund operates in only one business segment which is property investments and the business is only operated in Thailand.
79GF Score
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