National CineMedia (FRA:XWM0) Pretax Margin %: -84.12% (As of Mar. 2026)


FRA:XWM0 National CineMedia Inc FRA:XWM0
60 GF Score
Price €3.32
GF Value €3.87
! 3 Warning Signs
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What is National CineMedia Pretax Margin %?

National CineMedia FRA:XWM0 +1.22% 60 Pretax Margin % is -84.12% as of Mar. 2026. GuruFocus rates FRA:XWM0 with a GF Score™ of 60/100 and a GF Value™ of €3.87. The stock has 3 warning signs investors should review. Among 1,012 Media - Diversified companies, National CineMedia ranks worse than 63.24% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. National CineMedia's Pre-Tax Income for the three months ended in Mar. 2026 was €-24.7 Mil. National CineMedia's Revenue for the three months ended in Mar. 2026 was €29.4 Mil. Therefore, National CineMedia's pretax margin for the quarter that ended in Mar. 2026 was -84.12%.

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

FRA:XWM0' s Pretax Margin % Range Over the Past 10 Years
Min: -103.32   Med: 22.89   Max: 421.73
Current: -3.47


FRA:XWM0's Pretax Margin % is ranked worse than
63.24% of 1012 companies
in the Media - Diversified industry
Industry Median: 1.925 vs FRA:XWM0: -3.47

National CineMedia  (FRA:XWM0) 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.


National CineMedia Pretax Margin % Related Terms


National CineMedia Pretax Margin % Historical Data

* Premium members only.

The historical data trend for National CineMedia'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.

National CineMedia Pretax Margin % Chart

National CineMedia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -103.32 -26.57 421.73 -9.18 -4.36

National CineMedia Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -87.97 -20.66 2.52 31.44 -84.12

FRA:XWM0 vs NEXN, TC, TSQ: Pretax Margin % Comparison

For the Advertising Agencies subindustry, National CineMedia'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.


National CineMedia Pretax Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, National CineMedia's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where National CineMedia's Pretax Margin % falls into.


FRA:XWM0
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National CineMedia Inc FRA:XWM0
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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National CineMedia 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.

National CineMedia's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-9.052/207.693
=-4.36 %

National CineMedia's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-24.739/29.41
=-84.12 %

* 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 -84.12% mean?
National CineMedia (FRA:XWM0) has a Pretax Margin % of -84.12% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on National CineMedia and its competitors. According to the industry distribution chart, National CineMedia ranks #640 out of 1012 companies in the Media - Diversified industry, placing it in the top 63.2%.
Is National CineMedia's Pretax Margin % too high?
National CineMedia's current Pretax Margin % is -84.12%. Based on the distribution chart, National CineMedia ranks #640 out of 1012 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, National CineMedia has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's Pretax Margin % compare to NEXN and TC?
According to the Media - Diversified industry distribution chart, National CineMedia ranks #640 out of 1012 companies for Pretax Margin %. This places National CineMedia in the lower half of its industry. The industry median Pretax Margin % is 1.93. 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 Media - Diversified company?
The median Pretax Margin % among Media - Diversified companies is 1.93, based on 1,012 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. 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 National CineMedia and its competitors. For the Media - Diversified industry, the median Pretax Margin % is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National CineMedia's current Pretax Margin % is -84.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
National CineMedia (FRA:XWM0) has a current Pretax Margin % of -84.12%. The stock's GF Value™ is €3.87, compared to a current price of €3.32 — trading 14.2% below its estimated fair value. The current Pretax Margin % is -84.12%. National CineMedia's overall GF Score™ is 60/100 with 3 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 National CineMedia (FRA:XWM0), the current Pretax Margin % is -84.12% 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 National CineMedia (FRA:XWM0) Overvalued in 2026?

Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued. The current stock price of €3.32 is trading 14.2% below its estimated GF Value™ of €3.87.

Key valuation signals for FRA:XWM0:

  • Pretax Margin %: -84.12%
  • GF Value™: €3.87 vs. price of €3.32 (14.2% below fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the FRA:XWM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National CineMedia Business Description

Other Exchanges NCMI:USA
Address 6300 South Syracuse Way, Suite 300, Centennial, CO, USA, 80111
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.32
Price
€3.87
GF Value