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KNOT Offshore Partners LPFRA:KO4 -1.26%68 Pretax Margin % is 3.16% as of Mar. 2026, which is 85% below its 10-year median of 21.52. GuruFocus rates FRA:KO4 with a GF Score™ of 68/100 and a GF Value™ of €6.95 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 917 Oil & Gas companies, KNOT Offshore Partners LP ranks worse than 50.38% 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.
KNOT Offshore Partners LP Pretax Margin % Related Terms
KNOT Offshore Partners LP Pretax Margin % Historical Data
* 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:KO4 vs SMC, IMPP, TORO: Pretax Margin % Comparison
For the Oil & Gas Midstream subindustry, KNOT Offshore Partners LP'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.
KNOT Offshore Partners LP Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, KNOT Offshore Partners LP's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where KNOT Offshore Partners LP'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.
KNOT Offshore Partners LP (FRA:KO4) has a Pretax Margin % of 3.16% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on KNOT Offshore Partners LP and its competitors. This is 85% below median its historical median of 21.52. According to the industry distribution chart, KNOT Offshore Partners LP ranks #462 out of 917 companies in the Oil & Gas industry, placing it in the top 50.4%.
Is KNOT Offshore Partners LP's Pretax Margin % too high?
KNOT Offshore Partners LP's current Pretax Margin % of 3.16% is 85% below median its 10-year median of 21.52. The Oil & Gas industry median Pretax Margin % is 5.21. KNOT Offshore Partners LP's value of 3.16% is 39.3% below this industry median. Based on the distribution chart, KNOT Offshore Partners LP ranks #462 out of 917 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, KNOT Offshore Partners LP has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KNOT Offshore Partners LP's Pretax Margin % compare to SMC and IMPP?
According to the Oil & Gas industry distribution chart, KNOT Offshore Partners LP ranks #462 out of 917 companies for Pretax Margin %. This places KNOT Offshore Partners LP in the lower half of its industry. The industry median Pretax Margin % is 5.21. KNOT Offshore Partners LP's value of 3.16% is 39.3% below this benchmark. While the company's 10-year median is 21.52 vs. the industry median of 5.21, KNOT Offshore Partners LP 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 an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.21, based on 917 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. KNOT Offshore Partners LP's current Pretax Margin % of 3.16% is 39.3% 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 KNOT Offshore Partners LP and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KNOT Offshore Partners LP's current Pretax Margin % is 3.16%, which is 85% below median its own 10-year median of 21.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KNOT Offshore Partners LP stock overvalued right now?
Based on GuruFocus' analysis, KNOT Offshore Partners LP (FRA:KO4) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.95, compared to a current price of €9.19 — trading 32.3% above its estimated fair value. The current Pretax Margin % is 3.16%, which is 85% below median its 10-year median of 21.52 and 39.3% below the Oil & Gas industry median of 5.21. KNOT Offshore Partners LP's overall GF Score™ is 68/100 with 9 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 KNOT Offshore Partners LP (FRA:KO4), the current Pretax Margin % is 3.16% 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 KNOT Offshore Partners LP (FRA:KO4) Overvalued in 2026?
Based on GuruFocus' analysis, KNOT Offshore Partners LP stock appears to be overvalued.
The current stock price of €9.19 is trading 32.3% above its estimated GF Value™ of €6.95.
GuruFocus considers KNOT Offshore Partners LP to be Significantly Overvalued.
Key valuation signals for FRA:KO4:
Pretax Margin %: 3.16% (85% below median its 10-year median of 21.52)
GF Value™: €6.95 vs. price of €9.19 (32.3% above fair value)
Industry Position: 39.3% below the Oil & Gas median (#462 of 917)
No single metric tells the full story. See the FRA:KO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
68GF Score
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