Sandvik ABHAM:SVKB -2.20%81 Pretax Margin % is 16.60% as of Mar. 2026, which is 6% above its 10-year median of 15.72. GuruFocus rates HAM:SVKB with a GF Score™ of 81/100 and a GF Value™ of €20.49 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,038 Industrial Products companies, Sandvik AB ranks better than 84.46% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Sandvik AB's Pre-Tax Income for the
three
months ended in Mar. 2026 was €473 Mil. Sandvik AB's Revenue for the
three
months ended in Mar. 2026 was €2,849 Mil. Therefore, Sandvik AB's pretax margin for the quarter that ended in Mar. 2026 was 16.60%.
The historical rank and industry rank for Sandvik AB's Pretax Margin % or its related term are showing as below:
HAM:SVKB'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.48 Med: 15.72 Max: 19.62
Current: 16.09
HAM:SVKB's Pretax Margin % is ranked better than 84.46% of 3038
companies
in the Industrial Products industry
Industry Median: 5.85
vs HAM:SVKB: 16.09
Sandvik AB (HAM:SVKB) 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.
Sandvik AB Pretax Margin % Related Terms
Sandvik AB Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Sandvik AB'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.
HAM:SVKB vs GEV, ETN, PH: Pretax Margin % Comparison
For the Specialty Industrial Machinery subindustry, Sandvik AB'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.
Sandvik AB Pretax Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sandvik AB's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Sandvik AB'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.
Sandvik AB (HAM:SVKB) has a Pretax Margin % of 16.60% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Sandvik AB and its competitors. This is near median its historical median of 15.72. Over the past decade, Sandvik AB's Pretax Margin % has ranged from 11.48 to 19.62. According to the industry distribution chart, Sandvik AB ranks #472 out of 3038 companies in the Industrial Products industry, placing it in the top 15.5%.
Is Sandvik AB's Pretax Margin % too high?
Sandvik AB's current Pretax Margin % of 16.60% is near median its 10-year median of 15.72. Over the past 10 years, this metric has ranged from a low of 11.48 to a high of 19.62. The Industrial Products industry median Pretax Margin % is 5.85. Sandvik AB's value of 16.60% is 183.8% above this industry median. Based on the distribution chart, Sandvik AB ranks #472 out of 3038 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sandvik AB has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandvik AB's Pretax Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sandvik AB ranks #472 out of 3038 companies for Pretax Margin %. This places Sandvik AB in the top 16% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.85. Sandvik AB's value of 16.60% is 183.8% above this benchmark. Historically, Sandvik AB's own Pretax Margin % has ranged from 11.48 to 19.62 over the past decade. While the company's 10-year median is 15.72 vs. the industry median of 5.85, Sandvik AB 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 an Industrial Products company?
The median Pretax Margin % among Industrial Products companies is 5.85, based on 3,038 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. Sandvik AB's current Pretax Margin % of 16.60% is 183.8% 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 Sandvik AB and its competitors. For the Industrial Products industry, the median Pretax Margin % is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sandvik AB's current Pretax Margin % is 16.60%, which is near median its own 10-year median of 15.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandvik AB stock overvalued right now?
Based on GuruFocus' analysis, Sandvik AB (HAM:SVKB) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.49, compared to a current price of €35.49 — trading 73.2% above its estimated fair value. The current Pretax Margin % is 16.60%, which is near median its 10-year median of 15.72 and 183.8% above the Industrial Products industry median of 5.85. Sandvik AB's overall GF Score™ is 81/100 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 Sandvik AB (HAM:SVKB), the current Pretax Margin % is 16.60% 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 Sandvik AB (HAM:SVKB) Overvalued in 2026?
Based on GuruFocus' analysis, Sandvik AB stock appears to be overvalued.
The current stock price of €35.49 is trading 73.2% above its estimated GF Value™ of €20.49.
GuruFocus considers Sandvik AB to be Significantly Overvalued.
Key valuation signals for HAM:SVKB:
Pretax Margin %: 16.60% (near median its 10-year median of 15.72)
GF Value™: €20.49 vs. price of €35.49 (73.2% above fair value)
Industry Position: 183.8% above the Industrial Products median (#472 of 3038)
No single metric tells the full story. See the HAM:SVKB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
81GF Score
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