Mullion CoFSE:3494 +0.83%63 Pretax Margin % is 9.35% as of Mar. 2026, which is 7% below its 10-year median of 10.01. GuruFocus rates FSE:3494 with a GF Score™ of 63/100 and a GF Value™ of 円432.44 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,753 Real Estate companies, Mullion Co ranks better than 61.15% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mullion Co's Pre-Tax Income for the
six
months ended in Mar. 2026 was 円74 Mil. Mullion Co's Revenue for the
six
months ended in Mar. 2026 was 円787 Mil. Therefore, Mullion Co's pretax margin for the quarter that ended in Mar. 2026 was 9.35%.
The historical rank and industry rank for Mullion Co's Pretax Margin % or its related term are showing as below:
FSE:3494'
s Pretax Margin % Range Over the Past 10 Years
Min: 2.04 Med: 10.01 Max: 20.52
Current: 20.52
FSE:3494's Pretax Margin % is ranked better than 61.15% of 1753
companies
in the Real Estate industry
Industry Median: 12.28
vs FSE:3494: 20.52
Mullion Co (FSE:3494) 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.
Mullion Co Pretax Margin % Related Terms
Mullion Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Mullion Co'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.
FSE:3494 vs CBRE, BEKE, JLL: Pretax Margin % Comparison
For the Real Estate Services subindustry, Mullion Co'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.
Mullion Co Pretax Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Mullion Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mullion Co'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.
Mullion Co (FSE:3494) has a Pretax Margin % of 9.35% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mullion Co and its competitors. This is near median its historical median of 10.01. Over the past decade, Mullion Co's Pretax Margin % has ranged from 2.04 to 20.52. According to the industry distribution chart, Mullion Co ranks #681 out of 1753 companies in the Real Estate industry, placing it in the top 38.8%.
Is Mullion Co's Pretax Margin % too high?
Mullion Co's current Pretax Margin % of 9.35% is near median its 10-year median of 10.01. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 20.52. The Real Estate industry median Pretax Margin % is 12.28. Mullion Co's value of 9.35% is 23.9% below this industry median. Based on the distribution chart, Mullion Co ranks #681 out of 1753 companies in the Real Estate industry, which is above the industry midpoint. Overall, Mullion Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mullion Co's Pretax Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Mullion Co ranks #681 out of 1753 companies for Pretax Margin %. This puts Mullion Co in the upper half of its industry. The industry median Pretax Margin % is 12.28. Mullion Co's value of 9.35% is 23.9% below this benchmark. Historically, Mullion Co's own Pretax Margin % has ranged from 2.04 to 20.52 over the past decade. While the company's 10-year median is 10.01 vs. the industry median of 12.28, Mullion Co 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 Real Estate company?
The median Pretax Margin % among Real Estate companies is 12.28, based on 1,753 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. Mullion Co's current Pretax Margin % of 9.35% is 23.9% 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 Mullion Co and its competitors. For the Real Estate industry, the median Pretax Margin % is 12.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullion Co's current Pretax Margin % is 9.35%, which is near median its own 10-year median of 10.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullion Co stock overvalued right now?
Based on GuruFocus' analysis, Mullion Co (FSE:3494) is currently considered Modestly Undervalued. The stock's GF Value™ is 円432.44, compared to a current price of 円363.00 — trading 16.1% below its estimated fair value. The current Pretax Margin % is 9.35%, which is near median its 10-year median of 10.01 and 23.9% below the Real Estate industry median of 12.28. Mullion Co's overall GF Score™ is 63/100 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 Mullion Co (FSE:3494), the current Pretax Margin % is 9.35% 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 Mullion Co (FSE:3494) Overvalued in 2026?
Based on GuruFocus' analysis, Mullion Co stock appears to be undervalued.
The current stock price of 円363.00 is trading 16.1% below its estimated GF Value™ of 円432.44.
GuruFocus considers Mullion Co to be Modestly Undervalued.
Key valuation signals for FSE:3494:
Pretax Margin %: 9.35% (near median its 10-year median of 10.01)
GF Value™: 円432.44 vs. price of 円363.00 (16.1% below fair value)
Industry Position: 23.9% below the Real Estate median (#681 of 1753)
No single metric tells the full story. See the FSE:3494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mullion Co Ltd is a Japanese real estate company. The company is engaged in leasing and managing a real estate rental property, and also engaged in the origination and placement of securitization products derived from real estate rental cash flow.
63GF Score
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