Caledonia MiningCMCL 91 Pretax Margin % is 41.09% as of Mar. 2026, which is 37% above its 10-year median of 29.92. GuruFocus rates CMCL with a GF Score™ of 91/100 and a GF Value™ of $20.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 843 Metals & Mining companies, Caledonia Mining ranks better than 85.65% 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.
Caledonia Mining Pretax Margin % Related Terms
Caledonia Mining Pretax Margin % Historical Data
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The historical data trend for Caledonia Mining'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.
CMCL vs VGZ, IDR, CTGO: Pretax Margin % Comparison
For the Gold subindustry, Caledonia Mining'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.
Caledonia Mining Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Caledonia Mining'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.
Caledonia Mining (CMCL) has a Pretax Margin % of 41.09% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Caledonia Mining and its competitors. This is 37% above median its historical median of 29.92. Over the past decade, Caledonia Mining's Pretax Margin % has ranged from 5.45 to 48.28. According to the industry distribution chart, Caledonia Mining ranks #121 out of 843 companies in the Metals & Mining industry, placing it in the top 14.4%.
Is Caledonia Mining's Pretax Margin % too high?
Caledonia Mining's current Pretax Margin % of 41.09% is 37% above median its 10-year median of 29.92. Over the past 10 years, this metric has ranged from a low of 5.45 to a high of 48.28. The Metals & Mining industry median Pretax Margin % is 4.83. Caledonia Mining's value of 41.09% is 750.7% above this industry median. Based on the distribution chart, Caledonia Mining ranks #121 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Caledonia Mining has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's Pretax Margin % compare to VGZ and IDR?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #121 out of 843 companies for Pretax Margin %. This places Caledonia Mining in the top 14% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. Caledonia Mining's value of 41.09% is 750.7% above this benchmark. Historically, Caledonia Mining's own Pretax Margin % has ranged from 5.45 to 48.28 over the past decade. While the company's 10-year median is 29.92 vs. the industry median of 4.83, Caledonia Mining 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. Caledonia Mining's current Pretax Margin % of 41.09% is 750.7% 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 Caledonia Mining 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. Caledonia Mining's current Pretax Margin % is 41.09%, which is 37% above median its own 10-year median of 29.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caledonia Mining stock overvalued right now?
Based on GuruFocus' analysis, Caledonia Mining (CMCL) is currently considered Fairly Valued. The stock's GF Value™ is $20.86, compared to a current price of $19.49 — trading 6.6% below its estimated fair value. The current Pretax Margin % is 41.09%, which is 37% above median its 10-year median of 29.92 and 750.7% above the Metals & Mining industry median of 4.83. Caledonia Mining's overall GF Score™ is 91/100 with 5 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 Caledonia Mining (CMCL), the current Pretax Margin % is 41.09% 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 Caledonia Mining (CMCL) Overvalued in 2026?
Based on GuruFocus' analysis, Caledonia Mining stock appears to be undervalued.
The current stock price of $19.49 is trading 6.6% below its estimated GF Value™ of $20.86.
GuruFocus considers Caledonia Mining to be Fairly Valued.
Key valuation signals for CMCL:
Pretax Margin %: 41.09% (37% above median its 10-year median of 29.92)
GF Value™: $20.86 vs. price of $19.49 (6.6% below fair value)
Industry Position: 750.7% above the Metals & Mining median (#121 of 843)
No single metric tells the full story. See the CMCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's segment includes Blanket, South Africa, Bilboes Oxide mine, and E&E projects. The company generates the majority of its revenue from the Blanket project. The Blanket Mine is located in the south-west of Zimbabwe and operates at a depth of approximately 750 meters below the surface. Its project includes Maligreen and Motapa.
91GF Score
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