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.
SMI - Ste Metallurgique d'Imiter Pretax Margin % Related Terms
SMI - Ste Metallurgique d'Imiter 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.
For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter'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.
SMI - Ste Metallurgique d'Imiter Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where SMI - Ste Metallurgique d'Imiter'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.
SMI - Ste Metallurgique d'Imiter (CAS:SMI) has a Pretax Margin % of 45.62% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on SMI - Ste Metallurgique d'Imiter and its competitors. This is 177% above median its historical median of 16.49. According to the industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #145 out of 843 companies in the Metals & Mining industry, placing it in the top 17.2%.
Is SMI - Ste Metallurgique d'Imiter's Pretax Margin % too high?
SMI - Ste Metallurgique d'Imiter's current Pretax Margin % of 45.62% is 177% above median its 10-year median of 16.49. The Metals & Mining industry median Pretax Margin % is 4.83. SMI - Ste Metallurgique d'Imiter's value of 45.62% is 844.5% above this industry median. Based on the distribution chart, SMI - Ste Metallurgique d'Imiter ranks #145 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, SMI - Ste Metallurgique d'Imiter has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMI - Ste Metallurgique d'Imiter's Pretax Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #145 out of 843 companies for Pretax Margin %. This places SMI - Ste Metallurgique d'Imiter in the top 17% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. SMI - Ste Metallurgique d'Imiter's value of 45.62% is 844.5% above this benchmark. While the company's 10-year median is 16.49 vs. the industry median of 4.83, SMI - Ste Metallurgique d'Imiter 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 Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.83, based on 843 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. SMI - Ste Metallurgique d'Imiter's current Pretax Margin % of 45.62% is 844.5% 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 SMI - Ste Metallurgique d'Imiter and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMI - Ste Metallurgique d'Imiter's current Pretax Margin % is 45.62%, which is 177% above median its own 10-year median of 16.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMI - Ste Metallurgique d'Imiter stock overvalued right now?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter (CAS:SMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD3,417.45, compared to a current price of MAD5,950.00 — trading 74.1% above its estimated fair value. The current Pretax Margin % is 45.62%, which is 177% above median its 10-year median of 16.49 and 844.5% above the Metals & Mining industry median of 4.83. SMI - Ste Metallurgique d'Imiter's overall GF Score™ is 73/100 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI), the current Pretax Margin % is 45.62% as of Dec. 2025. 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI) Overvalued in 2026?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter stock appears to be overvalued.
The current stock price of MAD5,950.00 is trading 74.1% above its estimated GF Value™ of MAD3,417.45.
GuruFocus considers SMI - Ste Metallurgique d'Imiter to be Significantly Overvalued.
Key valuation signals for CAS:SMI:
Pretax Margin %: 45.62% (177% above median its 10-year median of 16.49)
GF Value™: MAD3,417.45 vs. price of MAD5,950.00 (74.1% above fair value)
Industry Position: 844.5% above the Metals & Mining median (#145 of 843)
No single metric tells the full story. See the CAS:SMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMI - Ste Metallurgique d'Imiter Business Description
SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.
73GF Score
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