Hudbay MineralsFRA:OCKA -3.52%77 Pretax Margin % is 44.76% as of Mar. 2026, which is 476% above its 10-year median of 7.77. GuruFocus rates FRA:OCKA with a GF Score™ of 77/100 and a GF Value™ of €8.83 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 842 Metals & Mining companies, Hudbay Minerals ranks better than 87.17% 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.
Hudbay Minerals Pretax Margin % Related Terms
Hudbay Minerals Pretax Margin % Historical Data
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The historical data trend for Hudbay Minerals'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, Hudbay Minerals'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.
Hudbay Minerals Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hudbay Minerals's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Hudbay Minerals'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.
Hudbay Minerals (FRA:OCKA) has a Pretax Margin % of 44.76% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Hudbay Minerals and its competitors. This is 476% above median its historical median of 7.77. According to the industry distribution chart, Hudbay Minerals ranks #108 out of 842 companies in the Metals & Mining industry, placing it in the top 12.8%.
Is Hudbay Minerals' Pretax Margin % too high?
Hudbay Minerals' current Pretax Margin % of 44.76% is 476% above median its 10-year median of 7.77. The Metals & Mining industry median Pretax Margin % is 4.86. Hudbay Minerals' value of 44.76% is 821.9% above this industry median. Based on the distribution chart, Hudbay Minerals ranks #108 out of 842 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Hudbay Minerals has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hudbay Minerals' Pretax Margin % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Hudbay Minerals ranks #108 out of 842 companies for Pretax Margin %. This places Hudbay Minerals in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.86. Hudbay Minerals' value of 44.76% is 821.9% above this benchmark. While the company's 10-year median is 7.77 vs. the industry median of 4.86, Hudbay Minerals 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. Hudbay Minerals's current Pretax Margin % of 44.76% is 821.9% 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 Hudbay Minerals 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. Hudbay Minerals's current Pretax Margin % is 44.76%, which is 476% above median its own 10-year median of 7.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudbay Minerals stock overvalued right now?
Based on GuruFocus' analysis, Hudbay Minerals (FRA:OCKA) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.83, compared to a current price of €19.76 — trading 123.8% above its estimated fair value. The current Pretax Margin % is 44.76%, which is 476% above median its 10-year median of 7.77 and 821.9% above the Metals & Mining industry median of 4.86. Hudbay Minerals' overall GF Score™ is 77/100 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 Hudbay Minerals (FRA:OCKA), the current Pretax Margin % is 44.76% 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 Hudbay Minerals (FRA:OCKA) Overvalued in 2026?
Based on GuruFocus' analysis, Hudbay Minerals stock appears to be overvalued.
The current stock price of €19.76 is trading 123.8% above its estimated GF Value™ of €8.83.
GuruFocus considers Hudbay Minerals to be Significantly Overvalued.
Key valuation signals for FRA:OCKA:
Pretax Margin %: 44.76% (476% above median its 10-year median of 7.77)
GF Value™: €8.83 vs. price of €19.76 (123.8% above fair value)
Industry Position: 821.9% above the Metals & Mining median (#108 of 842)
No single metric tells the full story. See the FRA:OCKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States. Its operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada), and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by gold, zinc, silver, and molybdenum production. Hudbay's growth pipeline includes the Copper World project and the Mason project in the USA, and the Llaguen project in Peru. The company's reportable segments are: Peru, which generates the maximum revenue, Manitoba, British Columbia, and Arizona. Geographically, it generates maximum revenue from China and Canada.
77GF Score
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