Next Capital PCLBKK:NCAP +3.82%76 Pretax Margin % is 43.35% as of Mar. 2026, which is 146% above its 10-year median of 17.64. GuruFocus rates BKK:NCAP with a GF Score™ of 76/100 and a GF Value™ of ฿2.94 (Fairly Valued). The stock has 6 warning signs investors should review. Among 531 Credit Services companies, Next Capital PCL ranks better than 70.81% on this metric.
The historical rank and industry rank for Next Capital PCL's Pretax Margin % or its related term are showing as below:
BKK:NCAP'
s Pretax Margin % Range Over the Past 10 Years
Min: 12.4 Med: 17.64 Max: 37.53
Current: 37.53
BKK:NCAP's Pretax Margin % is ranked better than 70.81% of 531
companies
in the Credit Services industry
Industry Median: 20.19
vs BKK:NCAP: 37.53
Next Capital PCL (BKK:NCAP) 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.
Next Capital PCL Pretax Margin % Related Terms
Next Capital PCL Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Next Capital PCL'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.
BKK:NCAP vs V, MA, AXP: Pretax Margin % Comparison
For the Credit Services subindustry, Next Capital PCL'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.
Next Capital PCL Pretax Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Next Capital PCL's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Next Capital PCL'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.
Next Capital PCL (BKK:NCAP) has a Pretax Margin % of 43.35% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Next Capital PCL and its competitors. This is 146% above median its historical median of 17.64. Over the past decade, Next Capital PCL's Pretax Margin % has ranged from 12.40 to 37.53. According to the industry distribution chart, Next Capital PCL ranks #155 out of 531 companies in the Credit Services industry, placing it in the top 29.2%.
Is Next Capital PCL's Pretax Margin % too high?
Next Capital PCL's current Pretax Margin % of 43.35% is 146% above median its 10-year median of 17.64. Over the past 10 years, this metric has ranged from a low of 12.40 to a high of 37.53. The Credit Services industry median Pretax Margin % is 20.19. Next Capital PCL's value of 43.35% is 114.7% above this industry median. Based on the distribution chart, Next Capital PCL ranks #155 out of 531 companies in the Credit Services industry, which is above the industry midpoint. Overall, Next Capital PCL has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Next Capital PCL's Pretax Margin % compare to V and MA?
According to the Credit Services industry distribution chart, Next Capital PCL ranks #155 out of 531 companies for Pretax Margin %. This puts Next Capital PCL in the upper half of its industry. The industry median Pretax Margin % is 20.19. Next Capital PCL's value of 43.35% is 114.7% above this benchmark. Historically, Next Capital PCL's own Pretax Margin % has ranged from 12.40 to 37.53 over the past decade. While the company's 10-year median is 17.64 vs. the industry median of 20.19, Next Capital PCL 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 Credit Services company?
The median Pretax Margin % among Credit Services companies is 20.19, based on 531 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. Next Capital PCL's current Pretax Margin % of 43.35% is 114.7% 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 Next Capital PCL and its competitors. For the Credit Services industry, the median Pretax Margin % is 20.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Capital PCL's current Pretax Margin % is 43.35%, which is 146% above median its own 10-year median of 17.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Next Capital PCL (BKK:NCAP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.94, compared to a current price of ฿2.72 — trading 7.5% below its estimated fair value. The current Pretax Margin % is 43.35%, which is 146% above median its 10-year median of 17.64 and 114.7% above the Credit Services industry median of 20.19. Next Capital PCL's overall GF Score™ is 76/100 with 6 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 Next Capital PCL (BKK:NCAP), the current Pretax Margin % is 43.35% 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 Next Capital PCL (BKK:NCAP) Overvalued in 2026?
Based on GuruFocus' analysis, Next Capital PCL stock appears to be undervalued.
The current stock price of ฿2.72 is trading 7.5% below its estimated GF Value™ of ฿2.94.
GuruFocus considers Next Capital PCL to be Fairly Valued.
Key valuation signals for BKK:NCAP:
Pretax Margin %: 43.35% (146% above median its 10-year median of 17.64)
GF Value™: ฿2.94 vs. price of ฿2.72 (7.5% below fair value)
Industry Position: 114.7% above the Credit Services median (#155 of 531)
No single metric tells the full story. See the BKK:NCAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next Capital PCL is principally engaged in the financial services specifically motorcycle hire-purchase and loans secured against vehicle registrations. It operates in two segments: Motorcycle hire-purchase and Loans secured against vehicle registrations.
76GF Score
Get the complete analysis for BKK:NCAP
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:NCAP has been successfully added to your 
