Horizon OilFRA:HOJ 44 Pretax Margin % is 8.12% as of Dec. 2025, which is 31% below its 10-year median of 11.69. GuruFocus rates FRA:HOJ with a GF Score™ of 44/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 921 Oil & Gas companies, Horizon Oil ranks better than 63.08% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Horizon Oil's Pre-Tax Income for the
six
months ended in Dec. 2025 was €3.10 Mil. Horizon Oil's Revenue for the
six
months ended in Dec. 2025 was €38.12 Mil. Therefore, Horizon Oil's pretax margin for the quarter that ended in Dec. 2025 was 8.12%.
The historical rank and industry rank for Horizon Oil's Pretax Margin % or its related term are showing as below:
FRA:HOJ'
s Pretax Margin % Range Over the Past 10 Years
Min: -265.21 Med: 11.69 Max: 38.2
Current: 9.83
FRA:HOJ's Pretax Margin % is ranked better than 63.08% of 921
companies
in the Oil & Gas industry
Industry Median: 5.18
vs FRA:HOJ: 9.83
Horizon Oil (FRA:HOJ) 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.
Horizon Oil Pretax Margin % Related Terms
Horizon Oil Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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:HOJ vs COP, EOG, FANG: Pretax Margin % Comparison
For the Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Horizon Oil'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.
Horizon Oil (FRA:HOJ) has a Pretax Margin % of 8.12% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Horizon Oil and its competitors. This is 31% below median its historical median of 11.69. According to the industry distribution chart, Horizon Oil ranks #340 out of 921 companies in the Oil & Gas industry, placing it in the top 36.9%.
Is Horizon Oil's Pretax Margin % too high?
Horizon Oil's current Pretax Margin % of 8.12% is 31% below median its 10-year median of 11.69. The Oil & Gas industry median Pretax Margin % is 5.18. Horizon Oil's value of 8.12% is 56.8% above this industry median. Based on the distribution chart, Horizon Oil ranks #340 out of 921 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Horizon Oil has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's Pretax Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #340 out of 921 companies for Pretax Margin %. This puts Horizon Oil in the upper half of its industry. The industry median Pretax Margin % is 5.18. Horizon Oil's value of 8.12% is 56.8% above this benchmark. While the company's 10-year median is 11.69 vs. the industry median of 5.18, Horizon Oil 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 Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.18, based on 921 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. Horizon Oil's current Pretax Margin % of 8.12% is 56.8% 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 Horizon Oil and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current Pretax Margin % is 8.12%, which is 31% below median its own 10-year median of 11.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 34.4% above its estimated fair value. The current Pretax Margin % is 8.12%, which is 31% below median its 10-year median of 11.69 and 56.8% above the Oil & Gas industry median of 5.18. Horizon Oil's overall GF Score™ is 44/100 with 6 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 Horizon Oil (FRA:HOJ), the current Pretax Margin % is 8.12% 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 34.4% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
Pretax Margin %: 8.12% (31% below median its 10-year median of 11.69)
GF Value™: €0.09 vs. price of €0.12 (34.4% above fair value)
Industry Position: 56.8% above the Oil & Gas median (#340 of 921)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
44GF Score
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