Malteries Franco-BelgesFRA:91U 83 Pretax Margin % is 17.88% as of Dec. 2025, which is 24% below its 10-year median of 23.58. GuruFocus rates FRA:91U with a GF Score™ of 83/100 and a GF Value™ of €625.31. The stock has 3 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Malteries Franco-Belges ranks better than 89.52% 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.
Malteries Franco-Belges Pretax Margin % Related Terms
Malteries Franco-Belges 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 Beverages - Brewers subindustry, Malteries Franco-Belges'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.
Malteries Franco-Belges Pretax Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Malteries Franco-Belges's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Malteries Franco-Belges'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.
Malteries Franco-Belges (FRA:91U) has a Pretax Margin % of 17.88% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Malteries Franco-Belges and its competitors. This is 24% below median its historical median of 23.58. Over the past decade, Malteries Franco-Belges' Pretax Margin % has ranged from 16.27 to 33.43. According to the industry distribution chart, Malteries Franco-Belges ranks #22 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 10.5%.
Is Malteries Franco-Belges' Pretax Margin % too high?
Malteries Franco-Belges' current Pretax Margin % of 17.88% is 24% below median its 10-year median of 23.58. Over the past 10 years, this metric has ranged from a low of 16.27 to a high of 33.43. The Beverages - Alcoholic industry median Pretax Margin % is 6.14. Malteries Franco-Belges' value of 17.88% is 191.2% above this industry median. Based on the distribution chart, Malteries Franco-Belges ranks #22 out of 210 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Malteries Franco-Belges has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Malteries Franco-Belges' Pretax Margin % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Malteries Franco-Belges ranks #22 out of 210 companies for Pretax Margin %. This places Malteries Franco-Belges in the top 11% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.14. Malteries Franco-Belges' value of 17.88% is 191.2% above this benchmark. Historically, Malteries Franco-Belges' own Pretax Margin % has ranged from 16.27 to 33.43 over the past decade. While the company's 10-year median is 23.58 vs. the industry median of 6.14, Malteries Franco-Belges 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 - Alcoholic company?
The median Pretax Margin % among Beverages - Alcoholic companies is 6.14, based on 210 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. Malteries Franco-Belges's current Pretax Margin % of 17.88% is 191.2% 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 Malteries Franco-Belges and its competitors. For the Beverages - Alcoholic industry, the median Pretax Margin % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malteries Franco-Belges's current Pretax Margin % is 17.88%, which is 24% below median its own 10-year median of 23.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malteries Franco-Belges stock overvalued right now?
Malteries Franco-Belges (FRA:91U) has a current Pretax Margin % of 17.88%. The stock's GF Value™ is €625.31, compared to a current price of €815.00 — trading 30.3% above its estimated fair value. The current Pretax Margin % is 17.88%, which is 24% below median its 10-year median of 23.58 and 191.2% above the Beverages - Alcoholic industry median of 6.14. Malteries Franco-Belges' overall GF Score™ is 83/100 with 3 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 Malteries Franco-Belges (FRA:91U), the current Pretax Margin % is 17.88% 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 Malteries Franco-Belges (FRA:91U) Overvalued in 2026?
Based on GuruFocus' analysis, Malteries Franco-Belges stock appears to be overvalued.
The current stock price of €815.00 is trading 30.3% above its estimated GF Value™ of €625.31.
Key valuation signals for FRA:91U:
Pretax Margin %: 17.88% (24% below median its 10-year median of 23.58)
GF Value™: €625.31 vs. price of €815.00 (30.3% above fair value)
Industry Position: 191.2% above the Beverages - Alcoholic median (#22 of 210)
No single metric tells the full story. See the FRA:91U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malteries Franco-Belges engages in the production of malt primarily for brewers. It distributes its products in France, Europe, Asia, Africa and South America. It is a subsidiary of Groupe Soufflet. The company is also engaged in trading of barley.
83GF Score
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