DiscoveryFRA:D3H -0.71%85 Pretax Margin % is 16.06% as of Dec. 2025, which is 26% above its 10-year median of 12.71. GuruFocus rates FRA:D3H with a GF Score™ of 85/100 and a GF Value™ of €14.33. The stock has 4 warning signs investors should review. Among 504 Insurance companies, Discovery ranks better than 53.97% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Discovery's Pre-Tax Income for the
six
months ended in Dec. 2025 was €420 Mil. Discovery's Revenue for the
six
months ended in Dec. 2025 was €2,614 Mil. Therefore, Discovery's pretax margin for the quarter that ended in Dec. 2025 was 16.06%.
The historical rank and industry rank for Discovery's Pretax Margin % or its related term are showing as below:
FRA:D3H'
s Pretax Margin % Range Over the Past 10 Years
Min: 1.26 Med: 12.71 Max: 14.31
Current: 13.28
FRA:D3H's Pretax Margin % is ranked better than 53.97% of 504
companies
in the Insurance industry
Industry Median: 11.98
vs FRA:D3H: 13.28
Discovery (FRA:D3H) 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.
Discovery Pretax Margin % Related Terms
Discovery Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Discovery'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:D3H vs AFL, MET, PRU: Pretax Margin % Comparison
For the Insurance - Life subindustry, Discovery'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.
Discovery Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Discovery's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Discovery'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.
Discovery (FRA:D3H) has a Pretax Margin % of 16.06% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Discovery and its competitors. This is 26% above median its historical median of 12.71. Over the past decade, Discovery's Pretax Margin % has ranged from 1.26 to 14.31. According to the industry distribution chart, Discovery ranks #232 out of 504 companies in the Insurance industry, placing it in the top 46%.
Is Discovery's Pretax Margin % too high?
Discovery's current Pretax Margin % of 16.06% is 26% above median its 10-year median of 12.71. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 14.31. The Insurance industry median Pretax Margin % is 11.98. Discovery's value of 16.06% is 34.1% above this industry median. Based on the distribution chart, Discovery ranks #232 out of 504 companies in the Insurance industry, which is above the industry midpoint. Overall, Discovery has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Discovery's Pretax Margin % compare to AFL and MET?
According to the Insurance industry distribution chart, Discovery ranks #232 out of 504 companies for Pretax Margin %. This puts Discovery in the upper half of its industry. The industry median Pretax Margin % is 11.98. Discovery's value of 16.06% is 34.1% above this benchmark. Historically, Discovery's own Pretax Margin % has ranged from 1.26 to 14.31 over the past decade. While the company's 10-year median is 12.71 vs. the industry median of 11.98, Discovery 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 an Insurance company?
The median Pretax Margin % among Insurance companies is 11.98, based on 504 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. Discovery's current Pretax Margin % of 16.06% is 34.1% 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 Discovery and its competitors. For the Insurance industry, the median Pretax Margin % is 11.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Discovery's current Pretax Margin % is 16.06%, which is 26% above median its own 10-year median of 12.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Discovery stock overvalued right now?
Discovery (FRA:D3H) has a current Pretax Margin % of 16.06%. The stock's GF Value™ is €14.33, compared to a current price of €13.90 — trading 3% below its estimated fair value. The current Pretax Margin % is 16.06%, which is 26% above median its 10-year median of 12.71 and 34.1% above the Insurance industry median of 11.98. Discovery's overall GF Score™ is 85/100 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 Discovery (FRA:D3H), the current Pretax Margin % is 16.06% 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 Discovery (FRA:D3H) Overvalued in 2026?
Based on GuruFocus' analysis, Discovery stock appears to be undervalued.
The current stock price of €13.90 is trading 3% below its estimated GF Value™ of €14.33.
Key valuation signals for FRA:D3H:
Pretax Margin %: 16.06% (26% above median its 10-year median of 12.71)
GF Value™: €14.33 vs. price of €13.90 (3% below fair value)
Industry Position: 34.1% above the Insurance median (#232 of 504)
No single metric tells the full story. See the FRA:D3H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Discovery Ltd is a financial services organization. It operates in the healthcare, life insurance, short-term insurance, long-term savings, banking and wellness markets. It specializes in health insurance, life assurance, wellness, investments and savings, short-term insurance, and banking. The company generates revenue through its insurance and financial services, with primary markets in South Africa and the UK, and presence in Canada, the USA, Singapore, Australia, and China.
85GF Score
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