Property For Industry (FRA:PWJ) Pretax Margin %: 74.97% (As of Dec. 2025) — 42% Below Median


FRA:PWJ Property For Industry Ltd FRA:PWJ
79 GF Score
Price €1.14
GF Value €1.10
! 8 Warning Signs
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What is Property For Industry Pretax Margin %?

Property For Industry FRA:PWJ +1.60% 79 Pretax Margin % is 74.97% as of Dec. 2025, which is 42% below its 10-year median of 128.44. GuruFocus rates FRA:PWJ with a GF Score™ of 79/100 and a GF Value™ of €1.10. The stock has 8 warning signs investors should review. Among 928 REITs companies, Property For Industry ranks better than 87.61% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Property For Industry's Pre-Tax Income for the six months ended in Dec. 2025 was €27.09 Mil. Property For Industry's Revenue for the six months ended in Dec. 2025 was €36.13 Mil. Therefore, Property For Industry's pretax margin for the quarter that ended in Dec. 2025 was 74.97%.

The historical rank and industry rank for Property For Industry's Pretax Margin % or its related term are showing as below:

FRA:PWJ' s Pretax Margin % Range Over the Past 10 Years
Min: -85.91   Med: 128.44   Max: 436.64
Current: 102.19


FRA:PWJ's Pretax Margin % is ranked better than
87.61% of 928 companies
in the REITs industry
Industry Median: 46.675 vs FRA:PWJ: 102.19

Property For Industry  (FRA:PWJ) 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.


Property For Industry Pretax Margin % Related Terms


Property For Industry Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Property For Industry'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.

Property For Industry Pretax Margin % Chart

Property For Industry Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Jun25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 141.18 436.64 -5.89 -85.91 92.74

Property For Industry Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -112.49 44.59 50.04 132.23 74.97

FRA:PWJ vs PLD, PSA, EXR: Pretax Margin % Comparison

For the REIT - Industrial subindustry, Property For Industry'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.


Property For Industry Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Property For Industry's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Property For Industry's Pretax Margin % falls into.


FRA:PWJ
79GF Score
Property For Industry Ltd FRA:PWJ
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Property For Industry Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Property For Industry's Pretax Margin for the fiscal year that ended in Jun. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Jun. 2025 )/Revenue (A: Jun. 2025 )
=61.882/66.727
=92.74 %

Property For Industry's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=27.088/36.132
=74.97 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 74.97% mean?
Property For Industry (FRA:PWJ) has a Pretax Margin % of 74.97% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Property For Industry and its competitors. This is 42% below median its historical median of 128.44. According to the industry distribution chart, Property For Industry ranks #115 out of 928 companies in the REITs industry, placing it in the top 12.4%.
Is Property For Industry's Pretax Margin % too high?
Property For Industry's current Pretax Margin % of 74.97% is 42% below median its 10-year median of 128.44. The REITs industry median Pretax Margin % is 46.68. Property For Industry's value of 74.97% is 60.6% above this industry median. Based on the distribution chart, Property For Industry ranks #115 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Property For Industry has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's Pretax Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #115 out of 928 companies for Pretax Margin %. This places Property For Industry in the top 12% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 46.68. Property For Industry's value of 74.97% is 60.6% above this benchmark. While the company's 10-year median is 128.44 vs. the industry median of 46.68, Property For Industry 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 REITs company?
The median Pretax Margin % among REITs companies is 46.68, based on 928 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. Property For Industry's current Pretax Margin % of 74.97% is 60.6% 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 Property For Industry and its competitors. For the REITs industry, the median Pretax Margin % is 46.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Property For Industry's current Pretax Margin % is 74.97%, which is 42% below median its own 10-year median of 128.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property For Industry stock overvalued right now?
Property For Industry (FRA:PWJ) has a current Pretax Margin % of 74.97%. The stock's GF Value™ is €1.10, compared to a current price of €1.14 — trading 3.8% above its estimated fair value. The current Pretax Margin % is 74.97%, which is 42% below median its 10-year median of 128.44 and 60.6% above the REITs industry median of 46.68. Property For Industry's overall GF Score™ is 79/100 with 8 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 Property For Industry (FRA:PWJ), the current Pretax Margin % is 74.97% 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 Property For Industry (FRA:PWJ) Overvalued in 2026?

Based on GuruFocus' analysis, Property For Industry stock appears to be overvalued. The current stock price of €1.14 is trading 3.8% above its estimated GF Value™ of €1.10.

Key valuation signals for FRA:PWJ:

  • Pretax Margin %: 74.97% (42% below median its 10-year median of 128.44)
  • GF Value™: €1.10 vs. price of €1.14 (3.8% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 60.6% above the REITs median (#115 of 928)

No single metric tells the full story. See the FRA:PWJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Property For Industry Business Description

Industry Real EstateREITs
Other Exchanges PFI:New Zealand
Address 15 Galway Street, Level 4, Hayman Kronfeld Building, Auckland, NZL, 1010
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. Its investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft, among others. Rental and management fee income represents nearly all of its operating revenue.
79GF Score

Get the complete analysis for FRA:PWJ

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.14
Price
€1.10
GF Value