Anglogold AshantiFRA:HT3 -2.89%88 Pretax Margin % is 60.23% as of Mar. 2026, which is 290% above its 10-year median of 15.45. GuruFocus rates FRA:HT3 with a GF Score™ of 88/100 and a GF Value™ of €48.77 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 843 Metals & Mining companies, Anglogold Ashanti ranks better than 89.56% 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.
Anglogold Ashanti Pretax Margin % Related Terms
Anglogold Ashanti Pretax Margin % Historical Data
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The historical data trend for Anglogold Ashanti'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:HT3 vs CDE, RGLD, AUGO: Pretax Margin % Comparison
For the Gold subindustry, Anglogold Ashanti'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.
Anglogold Ashanti Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti'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.
Anglogold Ashanti (FRA:HT3) has a Pretax Margin % of 60.23% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Anglogold Ashanti and its competitors. This is 290% above median its historical median of 15.45. Over the past decade, Anglogold Ashanti's Pretax Margin % has ranged from 1.37 to 49.22. According to the industry distribution chart, Anglogold Ashanti ranks #88 out of 843 companies in the Metals & Mining industry, placing it in the top 10.4%.
Is Anglogold Ashanti's Pretax Margin % too high?
Anglogold Ashanti's current Pretax Margin % of 60.23% is 290% above median its 10-year median of 15.45. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 49.22. The Metals & Mining industry median Pretax Margin % is 4.83. Anglogold Ashanti's value of 60.23% is 1147% above this industry median. Based on the distribution chart, Anglogold Ashanti ranks #88 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Anglogold Ashanti has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Pretax Margin % compare to CDE and RGLD?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #88 out of 843 companies for Pretax Margin %. This places Anglogold Ashanti in the top 10% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. Anglogold Ashanti's value of 60.23% is 1147% above this benchmark. Historically, Anglogold Ashanti's own Pretax Margin % has ranged from 1.37 to 49.22 over the past decade. While the company's 10-year median is 15.45 vs. the industry median of 4.83, Anglogold Ashanti 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 4.83, based on 843 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. Anglogold Ashanti's current Pretax Margin % of 60.23% is 1147% 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 Anglogold Ashanti and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglogold Ashanti's current Pretax Margin % is 60.23%, which is 290% above median its own 10-year median of 15.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (FRA:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €48.77, compared to a current price of €70.00 — trading 43.5% above its estimated fair value. The current Pretax Margin % is 60.23%, which is 290% above median its 10-year median of 15.45 and 1147% above the Metals & Mining industry median of 4.83. Anglogold Ashanti's overall GF Score™ is 88/100 with 2 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 Anglogold Ashanti (FRA:HT3), the current Pretax Margin % is 60.23% 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 Anglogold Ashanti (FRA:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €70.00 is trading 43.5% above its estimated GF Value™ of €48.77.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for FRA:HT3:
Pretax Margin %: 60.23% (290% above median its 10-year median of 15.45)
GF Value™: €48.77 vs. price of €70.00 (43.5% above fair value)
Industry Position: 1147% above the Metals & Mining median (#88 of 843)
No single metric tells the full story. See the FRA:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
88GF Score
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