Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mangels IndustrialBSP:MGEL3 8 Pretax Margin % is 2.21% as of Mar. 2026, which is 861% above its 10-year median of 0.23. GuruFocus rates BSP:MGEL3 with a GF Score™ of 8/100 and a GF Value™ of R$143.53. The stock has 6 warning signs investors should review. Among 611 Steel companies, Mangels Industrial ranks better than 57.61% on this metric.
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.
Mangels Industrial Pretax Margin % Related Terms
Mangels Industrial Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Mangels Industrial'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:MGEL3 vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Mangels Industrial'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.
Mangels Industrial Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Mangels Industrial's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mangels Industrial'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.
Mangels Industrial (BSP:MGEL3) has a Pretax Margin % of 2.21% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mangels Industrial and its competitors. This is 861% above median its historical median of 0.23. According to the industry distribution chart, Mangels Industrial ranks #259 out of 611 companies in the Steel industry, placing it in the top 42.4%.
Is Mangels Industrial's Pretax Margin % too high?
Mangels Industrial's current Pretax Margin % of 2.21% is 861% above median its 10-year median of 0.23. The Steel industry median Pretax Margin % is 2.58. Mangels Industrial's value of 2.21% is 14.3% below this industry median. Based on the distribution chart, Mangels Industrial ranks #259 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, Mangels Industrial has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Mangels Industrial's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Mangels Industrial ranks #259 out of 611 companies for Pretax Margin %. This puts Mangels Industrial in the upper half of its industry. The industry median Pretax Margin % is 2.58. Mangels Industrial's value of 2.21% is 14.3% below this benchmark. While the company's 10-year median is 0.23 vs. the industry median of 2.58, Mangels Industrial has consistently been below 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 Steel company?
The median Pretax Margin % among Steel companies is 2.58, based on 611 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. Mangels Industrial's current Pretax Margin % of 2.21% is 14.3% below 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 Mangels Industrial and its competitors. For the Steel industry, the median Pretax Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangels Industrial's current Pretax Margin % is 2.21%, which is 861% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangels Industrial stock overvalued right now?
Mangels Industrial (BSP:MGEL3) has a current Pretax Margin % of 2.21%. The stock's GF Value™ is R$143.53, compared to a current price of R$75.00 — trading 47.7% below its estimated fair value. The current Pretax Margin % is 2.21%, which is 861% above median its 10-year median of 0.23 and 14.3% below the Steel industry median of 2.58. Mangels Industrial's overall GF Score™ is 8/100 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 Mangels Industrial (BSP:MGEL3), the current Pretax Margin % is 2.21% 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 Mangels Industrial (BSP:MGEL3) Overvalued in 2026?
Based on GuruFocus' analysis, Mangels Industrial stock appears to be undervalued.
The current stock price of R$75.00 is trading 47.7% below its estimated GF Value™ of R$143.53.
Key valuation signals for BSP:MGEL3:
Pretax Margin %: 2.21% (861% above median its 10-year median of 0.23)
GF Value™: R$143.53 vs. price of R$75.00 (47.7% below fair value)
Industry Position: 14.3% below the Steel median (#259 of 611)
No single metric tells the full story. See the BSP:MGEL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.
8GF Score
Get the complete analysis for BSP:MGEL3
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
BSP:MGEL3 has been successfully added to your 
