voestalpine AGFRA:VASS -1.16%58 Pretax Margin % is 5.47% as of Mar. 2026, which is 26% above its 10-year median of 4.33. GuruFocus rates FRA:VASS with a GF Score™ of 58/100 and a GF Value™ of €4.71 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 612 Steel companies, voestalpine AG ranks better than 56.7% on this metric.
The historical rank and industry rank for voestalpine AG's Pretax Margin % or its related term are showing as below:
FRA:VASS'
s Pretax Margin % Range Over the Past 10 Years
Min: -1.81 Med: 4.33 Max: 9.26
Current: 3.89
FRA:VASS's Pretax Margin % is ranked better than 56.7% of 612
companies
in the Steel industry
Industry Median: 2.57
vs FRA:VASS: 3.89
voestalpine AG (FRA:VASS) 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.
voestalpine AG Pretax Margin % Related Terms
voestalpine AG Pretax Margin % Historical Data
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The historical data trend for voestalpine AG'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:VASS vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, voestalpine AG'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.
voestalpine AG Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, voestalpine AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where voestalpine AG'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.
voestalpine AG (FRA:VASS) has a Pretax Margin % of 5.47% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on voestalpine AG and its competitors. This is 26% above median its historical median of 4.33. According to the industry distribution chart, voestalpine AG ranks #265 out of 612 companies in the Steel industry, placing it in the top 43.3%.
Is voestalpine AG's Pretax Margin % too high?
voestalpine AG's current Pretax Margin % of 5.47% is 26% above median its 10-year median of 4.33. The Steel industry median Pretax Margin % is 2.57. voestalpine AG's value of 5.47% is 112.8% above this industry median. Based on the distribution chart, voestalpine AG ranks #265 out of 612 companies in the Steel industry, which is above the industry midpoint. Overall, voestalpine AG has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does voestalpine AG's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, voestalpine AG ranks #265 out of 612 companies for Pretax Margin %. This puts voestalpine AG in the upper half of its industry. The industry median Pretax Margin % is 2.57. voestalpine AG's value of 5.47% is 112.8% above this benchmark. While the company's 10-year median is 4.33 vs. the industry median of 2.57, voestalpine AG 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 Steel company?
The median Pretax Margin % among Steel companies is 2.57, based on 612 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. voestalpine AG's current Pretax Margin % of 5.47% is 112.8% 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 voestalpine AG and its competitors. For the Steel industry, the median Pretax Margin % is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. voestalpine AG's current Pretax Margin % is 5.47%, which is 26% above median its own 10-year median of 4.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is voestalpine AG stock overvalued right now?
Based on GuruFocus' analysis, voestalpine AG (FRA:VASS) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.71, compared to a current price of €8.50 — trading 80.5% above its estimated fair value. The current Pretax Margin % is 5.47%, which is 26% above median its 10-year median of 4.33 and 112.8% above the Steel industry median of 2.57. voestalpine AG's overall GF Score™ is 58/100 with 4 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 voestalpine AG (FRA:VASS), the current Pretax Margin % is 5.47% 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 voestalpine AG (FRA:VASS) Overvalued in 2026?
Based on GuruFocus' analysis, voestalpine AG stock appears to be overvalued.
The current stock price of €8.50 is trading 80.5% above its estimated GF Value™ of €4.71.
GuruFocus considers voestalpine AG to be Significantly Overvalued.
Key valuation signals for FRA:VASS:
Pretax Margin %: 5.47% (26% above median its 10-year median of 4.33)
GF Value™: €4.71 vs. price of €8.50 (80.5% above fair value)
Industry Position: 112.8% above the Steel median (#265 of 612)
No single metric tells the full story. See the FRA:VASS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
voestalpine AG is engaged in the manufacturing, processing, and development of steel products. Its divisions are: Steel Division, which generates maximum revenue and is involved in the production of steel products and the casting of large turbines. High-Performance Metals Division provides metals for the automotive, consumer goods, power generation, energy, and aviation sectors. The Metal Engineering Division produces rails, turnout systems, track-based monitoring systems, specially treated wire, and others. Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors, and Holding & Group Services. It generates its maximum revenue from the European Union.
58GF Score
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