Note ABCHIX:NOTES 96 Pretax Margin % is 6.76% as of Mar. 2026, which is 13% below its 10-year median of 7.79. GuruFocus rates CHIX:NOTES with a GF Score™ of 96/100 and a GF Value™ of kr177.19. The stock has 4 warning signs investors should review. Among 2,472 Hardware companies, Note AB ranks better than 70.43% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Note AB's Pre-Tax Income for the
three
months ended in Mar. 2026 was kr65 Mil. Note AB's Revenue for the
three
months ended in Mar. 2026 was kr962 Mil. Therefore, Note AB's pretax margin for the quarter that ended in Mar. 2026 was 6.76%.
The historical rank and industry rank for Note AB's Pretax Margin % or its related term are showing as below:
CHIX:NOTEs'
s Pretax Margin % Range Over the Past 10 Years
Min: 4.96 Med: 7.79 Max: 9.24
Current: 8.88
CHIX:NOTEs's Pretax Margin % is ranked better than 70.43% of 2472
companies
in the Hardware industry
Industry Median: 3.575
vs CHIX:NOTEs: 8.88
Note AB (CHIX:NOTEs) 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.
Note AB Pretax Margin % Related Terms
Note AB Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Note AB'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:NOTES vs APH, GLW, TEL: Pretax Margin % Comparison
For the Electronic Components subindustry, Note AB'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.
Note AB Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Note AB's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Note AB'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.
Note AB (CHIX:NOTES) has a Pretax Margin % of 6.76% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Note AB and its competitors. This is 13% below median its historical median of 7.79. Over the past decade, Note AB's Pretax Margin % has ranged from 4.96 to 9.24. According to the industry distribution chart, Note AB ranks #731 out of 2472 companies in the Hardware industry, placing it in the top 29.6%.
Is Note AB's Pretax Margin % too high?
Note AB's current Pretax Margin % of 6.76% is 13% below median its 10-year median of 7.79. Over the past 10 years, this metric has ranged from a low of 4.96 to a high of 9.24. The Hardware industry median Pretax Margin % is 3.58. Note AB's value of 6.76% is 89.1% above this industry median. Based on the distribution chart, Note AB ranks #731 out of 2472 companies in the Hardware industry, which is above the industry midpoint. Overall, Note AB has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Note AB's Pretax Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Note AB ranks #731 out of 2472 companies for Pretax Margin %. This puts Note AB in the upper half of its industry. The industry median Pretax Margin % is 3.58. Note AB's value of 6.76% is 89.1% above this benchmark. Historically, Note AB's own Pretax Margin % has ranged from 4.96 to 9.24 over the past decade. While the company's 10-year median is 7.79 vs. the industry median of 3.58, Note AB 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 Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,472 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. Note AB's current Pretax Margin % of 6.76% is 89.1% 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 Note AB and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Note AB's current Pretax Margin % is 6.76%, which is 13% below median its own 10-year median of 7.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note AB stock overvalued right now?
Note AB (CHIX:NOTES) has a current Pretax Margin % of 6.76%. The stock's GF Value™ is kr177.19, compared to a current price of kr175.20 — trading 1.1% below its estimated fair value. The current Pretax Margin % is 6.76%, which is 13% below median its 10-year median of 7.79 and 89.1% above the Hardware industry median of 3.58. Note AB's overall GF Score™ is 96/100 with 4 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 Note AB (CHIX:NOTES), the current Pretax Margin % is 6.76% 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 Note AB (CHIX:NOTES) Overvalued in 2026?
Based on GuruFocus' analysis, Note AB stock appears to be undervalued.
The current stock price of kr175.20 is trading 1.1% below its estimated GF Value™ of kr177.19.
Key valuation signals for CHIX:NOTES:
Pretax Margin %: 6.76% (13% below median its 10-year median of 7.79)
GF Value™: kr177.19 vs. price of kr175.20 (1.1% below fair value)
Industry Position: 89.1% above the Hardware median (#731 of 2472)
No single metric tells the full story. See the CHIX:NOTES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
96GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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