Phillips EdisonFRA:9R4 +1.11%78 Pretax Margin % is 17.43% as of Mar. 2026, which is 168% above its 10-year median of 6.50. GuruFocus rates FRA:9R4 with a GF Score™ of 78/100 and a GF Value™ of €34.65 (Fairly Valued). The stock has 7 warning signs investors should review. Among 929 REITs companies, Phillips Edison ranks worse than 73.09% 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.
Phillips Edison Pretax Margin % Related Terms
Phillips Edison Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Phillips Edison'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:9R4 vs KRG, SKT, EPRT: Pretax Margin % Comparison
For the REIT - Retail subindustry, Phillips Edison'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.
Phillips Edison Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Phillips Edison's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Phillips Edison'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.
Phillips Edison (FRA:9R4) has a Pretax Margin % of 17.43% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Phillips Edison and its competitors. This is 168% above median its historical median of 6.50. According to the industry distribution chart, Phillips Edison ranks #679 out of 929 companies in the REITs industry, placing it in the top 73.1%.
Is Phillips Edison's Pretax Margin % too high?
Phillips Edison's current Pretax Margin % of 17.43% is 168% above median its 10-year median of 6.50. The REITs industry median Pretax Margin % is 46.70. Phillips Edison's value of 17.43% is 62.7% below this industry median. Based on the distribution chart, Phillips Edison ranks #679 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Phillips Edison has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phillips Edison's Pretax Margin % compare to KRG and SKT?
According to the REITs industry distribution chart, Phillips Edison ranks #679 out of 929 companies for Pretax Margin %. This places Phillips Edison in the lower half of its industry. The industry median Pretax Margin % is 46.70. Phillips Edison's value of 17.43% is 62.7% below this benchmark. While the company's 10-year median is 6.50 vs. the industry median of 46.70, Phillips Edison 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 929 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. Phillips Edison's current Pretax Margin % of 17.43% is 62.7% 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 Phillips Edison 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. Phillips Edison's current Pretax Margin % is 17.43%, which is 168% above median its own 10-year median of 6.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips Edison stock overvalued right now?
Based on GuruFocus' analysis, Phillips Edison (FRA:9R4) is currently considered Fairly Valued. The stock's GF Value™ is €34.65, compared to a current price of €36.40 — trading 5.1% above its estimated fair value. The current Pretax Margin % is 17.43%, which is 168% above median its 10-year median of 6.50 and 62.7% below the REITs industry median of 46.70. Phillips Edison's overall GF Score™ is 78/100 with 7 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 Phillips Edison (FRA:9R4), the current Pretax Margin % is 17.43% 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 Phillips Edison (FRA:9R4) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips Edison stock appears to be overvalued.
The current stock price of €36.40 is trading 5.1% above its estimated GF Value™ of €34.65.
GuruFocus considers Phillips Edison to be Fairly Valued.
Key valuation signals for FRA:9R4:
Pretax Margin %: 17.43% (168% above median its 10-year median of 6.50)
GF Value™: €34.65 vs. price of €36.40 (5.1% above fair value)
Industry Position: 62.7% below the REITs median (#679 of 929)
No single metric tells the full story. See the FRA:9R4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phillips Edison & Co Inc is a real estate investment trust. The company also operates a third-party investment management business providing property management and advisory services to four unconsolidated institutional joint ventures, in which it has a partial ownership interest, and one private fund. It invests in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on a market of expertise designed to optimize property value and consistently deliver a great shopping experience.
78GF Score
Get the complete analysis for FRA:9R4
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:9R4 has been successfully added to your 
