Capricorn MetalsHAM:MGM +10.06%60 Pretax Margin % is 54.78% as of Dec. 2025, which is 49% above its 10-year median of 36.80. GuruFocus rates HAM:MGM with a GF Score™ of 60/100 and a GF Value™ of €6.33. The stock has 4 warning signs investors should review. Among 840 Metals & Mining companies, Capricorn Metals ranks better than 90.95% on this metric.
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.
Capricorn Metals Pretax Margin % Related Terms
Capricorn Metals Pretax Margin % Historical Data
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The historical data trend for Capricorn Metals'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.
For the Gold subindustry, Capricorn Metals'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.
Capricorn Metals Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Capricorn Metals's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Capricorn Metals'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.
Capricorn Metals (HAM:MGM) has a Pretax Margin % of 54.78% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Capricorn Metals and its competitors. This is 49% above median its historical median of 36.80. Over the past decade, Capricorn Metals' Pretax Margin % has ranged from 2.86 to 52.88. According to the industry distribution chart, Capricorn Metals ranks #76 out of 840 companies in the Metals & Mining industry, placing it in the top 9%.
Is Capricorn Metals' Pretax Margin % too high?
Capricorn Metals' current Pretax Margin % of 54.78% is 49% above median its 10-year median of 36.80. Over the past 10 years, this metric has ranged from a low of 2.86 to a high of 52.88. The Metals & Mining industry median Pretax Margin % is 4.87. Capricorn Metals' value of 54.78% is 1024.8% above this industry median. Based on the distribution chart, Capricorn Metals ranks #76 out of 840 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Capricorn Metals has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Capricorn Metals' Pretax Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Capricorn Metals ranks #76 out of 840 companies for Pretax Margin %. This places Capricorn Metals in the top 9% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.87. Capricorn Metals' value of 54.78% is 1024.8% above this benchmark. Historically, Capricorn Metals' own Pretax Margin % has ranged from 2.86 to 52.88 over the past decade. While the company's 10-year median is 36.80 vs. the industry median of 4.87, Capricorn Metals 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 Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.87, based on 840 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. Capricorn Metals's current Pretax Margin % of 54.78% is 1024.8% 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 Capricorn Metals and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capricorn Metals's current Pretax Margin % is 54.78%, which is 49% above median its own 10-year median of 36.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capricorn Metals stock overvalued right now?
Capricorn Metals (HAM:MGM) has a current Pretax Margin % of 54.78%. The stock's GF Value™ is €6.33, compared to a current price of €8.46 — trading 33.6% above its estimated fair value. The current Pretax Margin % is 54.78%, which is 49% above median its 10-year median of 36.80 and 1024.8% above the Metals & Mining industry median of 4.87. Capricorn Metals' overall GF Score™ is 60/100 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 Capricorn Metals (HAM:MGM), the current Pretax Margin % is 54.78% 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 Capricorn Metals (HAM:MGM) Overvalued in 2026?
Based on GuruFocus' analysis, Capricorn Metals stock appears to be overvalued.
The current stock price of €8.46 is trading 33.6% above its estimated GF Value™ of €6.33.
Key valuation signals for HAM:MGM:
Pretax Margin %: 54.78% (49% above median its 10-year median of 36.80)
GF Value™: €6.33 vs. price of €8.46 (33.6% above fair value)
Industry Position: 1024.8% above the Metals & Mining median (#76 of 840)
No single metric tells the full story. See the HAM:MGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capricorn Metals Ltd is a mineral exploration and project evaluation company. The company's reportable segments includes the Karlawinda gold project and the Mount Gibson Gold project. It derives maximum revenue from Karlawinda gold project.
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