Netbay PCLBKK:NETBAY +1.03%78 Pretax Margin % is 30.62% as of Mar. 2026, which is 32% below its 10-year median of 44.80. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.55 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,823 Software companies, Netbay PCL ranks better than 96.6% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Netbay PCL's Pre-Tax Income for the
three
months ended in Mar. 2026 was ฿42.1 Mil. Netbay PCL's Revenue for the
three
months ended in Mar. 2026 was ฿137.4 Mil. Therefore, Netbay PCL's pretax margin for the quarter that ended in Mar. 2026 was 30.62%.
The historical rank and industry rank for Netbay PCL's Pretax Margin % or its related term are showing as below:
BKK:NETBAY'
s Pretax Margin % Range Over the Past 10 Years
Min: 34.83 Med: 44.8 Max: 47.43
Current: 41.63
BKK:NETBAY's Pretax Margin % is ranked better than 96.6% of 2823
companies
in the Software industry
Industry Median: 3.53
vs BKK:NETBAY: 41.63
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.
Netbay PCL Pretax Margin % Related Terms
Netbay PCL Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Netbay 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:NETBAY vs CRM, SHOP, UBER: Pretax Margin % Comparison
For the Software - Application subindustry, Netbay 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.
Netbay PCL Pretax Margin % vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Netbay 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.
Netbay PCL (BKK:NETBAY) has a Pretax Margin % of 30.62% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Netbay PCL and its competitors. This is 32% below median its historical median of 44.80. Over the past decade, Netbay PCL's Pretax Margin % has ranged from 34.83 to 47.43. According to the industry distribution chart, Netbay PCL ranks #96 out of 2823 companies in the Software industry, placing it in the top 3.4%.
Is Netbay PCL's Pretax Margin % too high?
Netbay PCL's current Pretax Margin % of 30.62% is 32% below median its 10-year median of 44.80. Over the past 10 years, this metric has ranged from a low of 34.83 to a high of 47.43. The Software industry median Pretax Margin % is 3.53. Netbay PCL's value of 30.62% is 767.4% above this industry median. Based on the distribution chart, Netbay PCL ranks #96 out of 2823 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Pretax Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #96 out of 2823 companies for Pretax Margin %. This places Netbay PCL in the top 3% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.53. Netbay PCL's value of 30.62% is 767.4% above this benchmark. Historically, Netbay PCL's own Pretax Margin % has ranged from 34.83 to 47.43 over the past decade. While the company's 10-year median is 44.80 vs. the industry median of 3.53, Netbay 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 Software company?
The median Pretax Margin % among Software companies is 3.53, based on 2,823 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. Netbay PCL's current Pretax Margin % of 30.62% is 767.4% 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 Netbay PCL and its competitors. For the Software industry, the median Pretax Margin % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Pretax Margin % is 30.62%, which is 32% below median its own 10-year median of 44.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.55, compared to a current price of ฿9.85 — trading 54.3% below its estimated fair value. The current Pretax Margin % is 30.62%, which is 32% below median its 10-year median of 44.80 and 767.4% above the Software industry median of 3.53. Netbay PCL's overall GF Score™ is 78/100 with 3 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 Netbay PCL (BKK:NETBAY), the current Pretax Margin % is 30.62% 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿9.85 is trading 54.3% below its estimated GF Value™ of ฿21.55.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Pretax Margin %: 30.62% (32% below median its 10-year median of 44.80)
GF Value™: ฿21.55 vs. price of ฿9.85 (54.3% below fair value)
Industry Position: 767.4% above the Software median (#96 of 2823)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
78GF Score
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