GrendeneBSP:GRND3 +0.80%66 Pretax Margin % is 23.13% as of Mar. 2026, which is 16% below its 10-year median of 27.40. GuruFocus rates BSP:GRND3 with a GF Score™ of 66/100 and a GF Value™ of R$6.55 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,036 Manufacturing - Apparel & Accessories companies, Grendene ranks better than 96.24% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Grendene's Pre-Tax Income for the
three
months ended in Mar. 2026 was R$115 Mil. Grendene's Revenue for the
three
months ended in Mar. 2026 was R$496 Mil. Therefore, Grendene's pretax margin for the quarter that ended in Mar. 2026 was 23.13%.
The historical rank and industry rank for Grendene's Pretax Margin % or its related term are showing as below:
BSP:GRND3'
s Pretax Margin % Range Over the Past 10 Years
Min: 23.12 Med: 27.4 Max: 45.57
Current: 28.21
BSP:GRND3's Pretax Margin % is ranked better than 96.24% of 1036
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.52
vs BSP:GRND3: 28.21
Grendene (BSP:GRND3) 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.
Grendene Pretax Margin % Related Terms
Grendene Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Grendene'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.
BSP:GRND3 vs NKE, DECK, ONON: Pretax Margin % Comparison
For the Footwear & Accessories subindustry, Grendene'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.
Grendene Pretax Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grendene's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Grendene'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.
Grendene (BSP:GRND3) has a Pretax Margin % of 23.13% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Grendene and its competitors. This is 16% below median its historical median of 27.40. Over the past decade, Grendene's Pretax Margin % has ranged from 23.12 to 45.57. According to the industry distribution chart, Grendene ranks #39 out of 1036 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3.8%.
Is Grendene's Pretax Margin % too high?
Grendene's current Pretax Margin % of 23.13% is 16% below median its 10-year median of 27.40. Over the past 10 years, this metric has ranged from a low of 23.12 to a high of 45.57. The Manufacturing - Apparel & Accessories industry median Pretax Margin % is 3.52. Grendene's value of 23.13% is 557.1% above this industry median. Based on the distribution chart, Grendene ranks #39 out of 1036 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Grendene has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grendene's Pretax Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Grendene ranks #39 out of 1036 companies for Pretax Margin %. This places Grendene in the top 4% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.52. Grendene's value of 23.13% is 557.1% above this benchmark. Historically, Grendene's own Pretax Margin % has ranged from 23.12 to 45.57 over the past decade. While the company's 10-year median is 27.40 vs. the industry median of 3.52, Grendene 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 Manufacturing - Apparel & Accessories company?
The median Pretax Margin % among Manufacturing - Apparel & Accessories companies is 3.52, based on 1,036 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. Grendene's current Pretax Margin % of 23.13% is 557.1% 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 Grendene and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Pretax Margin % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grendene's current Pretax Margin % is 23.13%, which is 16% below median its own 10-year median of 27.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grendene stock overvalued right now?
Based on GuruFocus' analysis, Grendene (BSP:GRND3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$6.55, compared to a current price of R$3.78 — trading 42.3% below its estimated fair value. The current Pretax Margin % is 23.13%, which is 16% below median its 10-year median of 27.40 and 557.1% above the Manufacturing - Apparel & Accessories industry median of 3.52. Grendene's overall GF Score™ is 66/100 with 7 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 Grendene (BSP:GRND3), the current Pretax Margin % is 23.13% 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 Grendene (BSP:GRND3) Overvalued in 2026?
Based on GuruFocus' analysis, Grendene stock appears to be undervalued.
The current stock price of R$3.78 is trading 42.3% below its estimated GF Value™ of R$6.55.
GuruFocus considers Grendene to be Significantly Undervalued.
Key valuation signals for BSP:GRND3:
Pretax Margin %: 23.13% (16% below median its 10-year median of 27.40)
GF Value™: R$6.55 vs. price of R$3.78 (42.3% below fair value)
Industry Position: 557.1% above the Manufacturing - Apparel & Accessories median (#39 of 1036)
No single metric tells the full story. See the BSP:GRND3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grendene SA is engaged in the development, production, distribution, and sale of plastic footwear for all the socio-economic classes, in the women's, men's, and children's market segments. It also has its stores, franchises, and web commerce channels, operating under the brands Melissa, Grendha, Zaxy, Rider, Cartago, Grendene Kids, and Ipanema. It also owns the brands Pega Forte and Nuar. Geographically, the company operates in Brazil, North America, Asia and Oceania, Europe, Central and South America, and the Middle East and Africa, out of which a majority of its revenue comes from Brazil.
66GF Score
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