AntofagastaFRA:FG1 -0.04%87 Pretax Margin % is 41.43% as of Dec. 2025, which is 33% above its 10-year median of 31.20. GuruFocus rates FRA:FG1 with a GF Score™ of 87/100 and a GF Value™ of €27.60 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 842 Metals & Mining companies, Antofagasta ranks better than 82.42% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Antofagasta's Pre-Tax Income for the
six
months ended in Dec. 2025 was €1,706 Mil. Antofagasta's Revenue for the
six
months ended in Dec. 2025 was €4,117 Mil. Therefore, Antofagasta's pretax margin for the quarter that ended in Dec. 2025 was 41.43%.
The historical rank and industry rank for Antofagasta's Pretax Margin % or its related term are showing as below:
FRA:FG1'
s Pretax Margin % Range Over the Past 10 Years
Min: 7.86 Med: 31.2 Max: 46.55
Current: 36.69
FRA:FG1's Pretax Margin % is ranked better than 82.42% of 842
companies
in the Metals & Mining industry
Industry Median: 4.855
vs FRA:FG1: 36.69
Antofagasta (FRA:FG1) 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.
Antofagasta Pretax Margin % Related Terms
Antofagasta Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Antofagasta'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.
For the Copper subindustry, Antofagasta'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.
Antofagasta Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Antofagasta's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Antofagasta'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.
Antofagasta (FRA:FG1) has a Pretax Margin % of 41.43% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Antofagasta and its competitors. This is 33% above median its historical median of 31.20. Over the past decade, Antofagasta's Pretax Margin % has ranged from 7.86 to 46.55. According to the industry distribution chart, Antofagasta ranks #148 out of 842 companies in the Metals & Mining industry, placing it in the top 17.6%.
Is Antofagasta's Pretax Margin % too high?
Antofagasta's current Pretax Margin % of 41.43% is 33% above median its 10-year median of 31.20. Over the past 10 years, this metric has ranged from a low of 7.86 to a high of 46.55. The Metals & Mining industry median Pretax Margin % is 4.86. Antofagasta's value of 41.43% is 753.3% above this industry median. Based on the distribution chart, Antofagasta ranks #148 out of 842 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Antofagasta has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Antofagasta's Pretax Margin % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Antofagasta ranks #148 out of 842 companies for Pretax Margin %. This places Antofagasta in the top 18% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.86. Antofagasta's value of 41.43% is 753.3% above this benchmark. Historically, Antofagasta's own Pretax Margin % has ranged from 7.86 to 46.55 over the past decade. While the company's 10-year median is 31.20 vs. the industry median of 4.86, Antofagasta 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 4.86, based on 842 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. Antofagasta's current Pretax Margin % of 41.43% is 753.3% 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 Antofagasta and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antofagasta's current Pretax Margin % is 41.43%, which is 33% above median its own 10-year median of 31.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antofagasta stock overvalued right now?
Based on GuruFocus' analysis, Antofagasta (FRA:FG1) is currently considered Significantly Overvalued. The stock's GF Value™ is €27.60, compared to a current price of €44.63 — trading 61.7% above its estimated fair value. The current Pretax Margin % is 41.43%, which is 33% above median its 10-year median of 31.20 and 753.3% above the Metals & Mining industry median of 4.86. Antofagasta's overall GF Score™ is 87/100 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 Antofagasta (FRA:FG1), the current Pretax Margin % is 41.43% 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 Antofagasta (FRA:FG1) Overvalued in 2026?
Based on GuruFocus' analysis, Antofagasta stock appears to be overvalued.
The current stock price of €44.63 is trading 61.7% above its estimated GF Value™ of €27.60.
GuruFocus considers Antofagasta to be Significantly Overvalued.
Key valuation signals for FRA:FG1:
Pretax Margin %: 41.43% (33% above median its 10-year median of 31.20)
GF Value™: €27.60 vs. price of €44.63 (61.7% above fair value)
Industry Position: 753.3% above the Metals & Mining median (#148 of 842)
No single metric tells the full story. See the FRA:FG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. Geographically, the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division.
87GF Score
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