Fletcher BuildingFRCEF 54 Pretax Margin % is 2.27% as of Dec. 2025, which is 21% below its 10-year median of 2.89. GuruFocus rates FRCEF with a GF Score™ of 54/100 and a GF Value™ of $1.24. The stock has 7 warning signs investors should review. Among 405 Building Materials companies, Fletcher Building ranks worse than 80.49% on this metric.
The historical rank and industry rank for Fletcher Building's Pretax Margin % or its related term are showing as below:
FRCEF'
s Pretax Margin % Range Over the Past 10 Years
Min: -6.18 Med: 2.89 Max: 7.04
Current: -3.89
FRCEF's Pretax Margin % is ranked worse than 80.49% of 405
companies
in the Building Materials industry
Industry Median: 6.04
vs FRCEF: -3.89
Fletcher Building (OTCPK:FRCEF) 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.
Fletcher Building Pretax Margin % Related Terms
Fletcher Building Pretax Margin % Historical Data
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The historical data trend for Fletcher Building'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.
FRCEF vs CRH, VMC, MLM: Pretax Margin % Comparison
For the Building Materials subindustry, Fletcher Building'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.
Fletcher Building Pretax Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Fletcher Building's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Fletcher Building'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.
Fletcher Building (FRCEF) has a Pretax Margin % of 2.27% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Fletcher Building and its competitors. This is 21% below median its historical median of 2.89. According to the industry distribution chart, Fletcher Building ranks #326 out of 405 companies in the Building Materials industry, placing it in the top 80.5%.
Is Fletcher Building's Pretax Margin % too high?
Fletcher Building's current Pretax Margin % of 2.27% is 21% below median its 10-year median of 2.89. The Building Materials industry median Pretax Margin % is 6.04. Fletcher Building's value of 2.27% is 62.4% below this industry median. Based on the distribution chart, Fletcher Building ranks #326 out of 405 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Fletcher Building has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Fletcher Building's Pretax Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Fletcher Building ranks #326 out of 405 companies for Pretax Margin %. This places Fletcher Building in the lower half of its industry. The industry median Pretax Margin % is 6.04. Fletcher Building's value of 2.27% is 62.4% below this benchmark. While the company's 10-year median is 2.89 vs. the industry median of 6.04, Fletcher Building 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 a Building Materials company?
The median Pretax Margin % among Building Materials companies is 6.04, based on 405 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. Fletcher Building's current Pretax Margin % of 2.27% is 62.4% 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 Fletcher Building and its competitors. For the Building Materials industry, the median Pretax Margin % is 6.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fletcher Building's current Pretax Margin % is 2.27%, which is 21% below median its own 10-year median of 2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fletcher Building stock overvalued right now?
Fletcher Building (FRCEF) has a current Pretax Margin % of 2.27%. The stock's GF Value™ is $1.24, compared to a current price of $1.63 — trading 31.5% above its estimated fair value. The current Pretax Margin % is 2.27%, which is 21% below median its 10-year median of 2.89 and 62.4% below the Building Materials industry median of 6.04. Fletcher Building's overall GF Score™ is 54/100 with 7 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 Fletcher Building (FRCEF), the current Pretax Margin % is 2.27% 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 Fletcher Building (FRCEF) Overvalued in 2026?
Based on GuruFocus' analysis, Fletcher Building stock appears to be overvalued.
The current stock price of $1.63 is trading 31.5% above its estimated GF Value™ of $1.24.
Key valuation signals for FRCEF:
Pretax Margin %: 2.27% (21% below median its 10-year median of 2.89)
GF Value™: $1.24 vs. price of $1.63 (31.5% above fair value)
Industry Position: 62.4% below the Building Materials median (#326 of 405)
No single metric tells the full story. See the FRCEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.
54GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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