MercialysCHIX:MERYP 71 Pretax Margin % is 20.34% as of Dec. 2025, which is 44% below its 10-year median of 36.49. GuruFocus rates CHIX:MERYP with a GF Score™ of 71/100 and a GF Value™ of €10.00 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 927 REITs companies, Mercialys ranks worse than 73.68% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mercialys's Pre-Tax Income for the
six
months ended in Dec. 2025 was €21.8 Mil. Mercialys's Revenue for the
six
months ended in Dec. 2025 was €107.3 Mil. Therefore, Mercialys's pretax margin for the quarter that ended in Dec. 2025 was 20.34%.
The historical rank and industry rank for Mercialys's Pretax Margin % or its related term are showing as below:
CHIX:MERYp'
s Pretax Margin % Range Over the Past 10 Years
Min: 16.74 Med: 36.49 Max: 63.63
Current: 16.74
CHIX:MERYp's Pretax Margin % is ranked worse than 73.68% of 927
companies
in the REITs industry
Industry Median: 46.7
vs CHIX:MERYp: 16.74
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.
Mercialys Pretax Margin % Related Terms
Mercialys Pretax Margin % Historical Data
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The historical data trend for Mercialys'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.
CHIX:MERYP vs SPG, O, KIM: Pretax Margin % Comparison
For the REIT - Retail subindustry, Mercialys'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.
Mercialys Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Mercialys's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mercialys'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.
Mercialys (CHIX:MERYP) has a Pretax Margin % of 20.34% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mercialys and its competitors. This is 44% below median its historical median of 36.49. Over the past decade, Mercialys' Pretax Margin % has ranged from 16.74 to 63.63. According to the industry distribution chart, Mercialys ranks #683 out of 927 companies in the REITs industry, placing it in the top 73.7%.
Is Mercialys' Pretax Margin % too high?
Mercialys' current Pretax Margin % of 20.34% is 44% below median its 10-year median of 36.49. Over the past 10 years, this metric has ranged from a low of 16.74 to a high of 63.63. The REITs industry median Pretax Margin % is 46.70. Mercialys' value of 20.34% is 56.4% below this industry median. Based on the distribution chart, Mercialys ranks #683 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, Mercialys has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercialys' Pretax Margin % compare to SPG and O?
According to the REITs industry distribution chart, Mercialys ranks #683 out of 927 companies for Pretax Margin %. This places Mercialys in the lower half of its industry. The industry median Pretax Margin % is 46.70. Mercialys' value of 20.34% is 56.4% below this benchmark. Historically, Mercialys' own Pretax Margin % has ranged from 16.74 to 63.63 over the past decade. While the company's 10-year median is 36.49 vs. the industry median of 46.70, Mercialys 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 REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 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. Mercialys's current Pretax Margin % of 20.34% is 56.4% 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 Mercialys and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercialys's current Pretax Margin % is 20.34%, which is 44% below median its own 10-year median of 36.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercialys stock overvalued right now?
Based on GuruFocus' analysis, Mercialys (CHIX:MERYP) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.00, compared to a current price of €11.94 — trading 19.4% above its estimated fair value. The current Pretax Margin % is 20.34%, which is 44% below median its 10-year median of 36.49 and 56.4% below the REITs industry median of 46.70. Mercialys' overall GF Score™ is 71/100 with 11 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 Mercialys (CHIX:MERYP), the current Pretax Margin % is 20.34% 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 Mercialys (CHIX:MERYP) Overvalued in 2026?
Based on GuruFocus' analysis, Mercialys stock appears to be overvalued.
The current stock price of €11.94 is trading 19.4% above its estimated GF Value™ of €10.00.
GuruFocus considers Mercialys to be Modestly Overvalued.
Key valuation signals for CHIX:MERYP:
Pretax Margin %: 20.34% (44% below median its 10-year median of 36.49)
GF Value™: €10.00 vs. price of €11.94 (19.4% above fair value)
Industry Position: 56.4% below the REITs median (#683 of 927)
No single metric tells the full story. See the CHIX:MERYP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercialys SA is a real estate company based in France and Europe. The firm and its subsidiaries own and manage shopping centers in France. The company has developed and promoted the G LA GALLERIE brand for all its shopping centers. The company mainly operates in France. The company is based on sustainable value creation through investments in medium-sized properties.
71GF Score
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