National BeverageFRA:20V -2.19%74 Pretax Margin % is 17.81% as of Apr. 2026, which is 5% below its 10-year median of 18.77. GuruFocus rates FRA:20V with a GF Score™ of 74/100 and a GF Value™ of €39.65. The stock has 2 warning signs investors should review. Among 115 Beverages - Non-Alcoholic companies, National Beverage ranks better than 88.7% on this metric.
The historical rank and industry rank for National Beverage's Pretax Margin % or its related term are showing as below:
FRA:20V'
s Pretax Margin % Range Over the Past 10 Years
Min: 13.15 Med: 18.77 Max: 21.28
Current: 20.62
FRA:20V's Pretax Margin % is ranked better than 88.7% of 115
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 9.09
vs FRA:20V: 20.62
National Beverage (FRA:20V) 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.
National Beverage Pretax Margin % Related Terms
National Beverage Pretax Margin % Historical Data
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The historical data trend for National Beverage'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.
FRA:20V vs COCO, SUJA, BUDA: Pretax Margin % Comparison
For the Beverages - Non-Alcoholic subindustry, National Beverage'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.
National Beverage Pretax Margin % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where National Beverage'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.
National Beverage (FRA:20V) has a Pretax Margin % of 17.81% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on National Beverage and its competitors. This is near median its historical median of 18.77. Over the past decade, National Beverage's Pretax Margin % has ranged from 13.15 to 21.28. According to the industry distribution chart, National Beverage ranks #13 out of 115 companies in the Beverages - Non-Alcoholic industry, placing it in the top 11.3%.
Is National Beverage's Pretax Margin % too high?
National Beverage's current Pretax Margin % of 17.81% is near median its 10-year median of 18.77. Over the past 10 years, this metric has ranged from a low of 13.15 to a high of 21.28. The Beverages - Non-Alcoholic industry median Pretax Margin % is 9.09. National Beverage's value of 17.81% is 95.9% above this industry median. Based on the distribution chart, National Beverage ranks #13 out of 115 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, National Beverage has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does National Beverage's Pretax Margin % compare to COCO and SUJA?
According to the Beverages - Non-Alcoholic industry distribution chart, National Beverage ranks #13 out of 115 companies for Pretax Margin %. This places National Beverage in the top 11% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 9.09. National Beverage's value of 17.81% is 95.9% above this benchmark. Historically, National Beverage's own Pretax Margin % has ranged from 13.15 to 21.28 over the past decade. While the company's 10-year median is 18.77 vs. the industry median of 9.09, National Beverage 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 Beverages - Non-Alcoholic company?
The median Pretax Margin % among Beverages - Non-Alcoholic companies is 9.09, based on 115 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. National Beverage's current Pretax Margin % of 17.81% is 95.9% 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 National Beverage and its competitors. For the Beverages - Non-Alcoholic industry, the median Pretax Margin % is 9.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Beverage's current Pretax Margin % is 17.81%, which is near median its own 10-year median of 18.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Beverage stock overvalued right now?
National Beverage (FRA:20V) has a current Pretax Margin % of 17.81%. The stock's GF Value™ is €39.65, compared to a current price of €26.80 — trading 32.4% below its estimated fair value. The current Pretax Margin % is 17.81%, which is near median its 10-year median of 18.77 and 95.9% above the Beverages - Non-Alcoholic industry median of 9.09. National Beverage's overall GF Score™ is 74/100 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 National Beverage (FRA:20V), the current Pretax Margin % is 17.81% as of Apr. 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 National Beverage (FRA:20V) Overvalued in 2026?
Based on GuruFocus' analysis, National Beverage stock appears to be undervalued.
The current stock price of €26.80 is trading 32.4% below its estimated GF Value™ of €39.65.
Key valuation signals for FRA:20V:
Pretax Margin %: 17.81% (near median its 10-year median of 18.77)
GF Value™: €39.65 vs. price of €26.80 (32.4% below fair value)
Industry Position: 95.9% above the Beverages - Non-Alcoholic median (#13 of 115)
No single metric tells the full story. See the FRA:20V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).
74GF Score
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