Power Assets HoldingsHGKGF 67 Pretax Margin % is 90.70% as of Dec. 2025, which is 6% below its 10-year median of 96.89. GuruFocus rates HGKGF with a GF Score™ of 67/100 and a GF Value™ of $4.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 423 Utilities - Independent Power Producers companies, Power Assets Holdings ranks better than 95.74% on this metric.
Power Assets Holdings (OTCPK:HGKGF) 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.
Power Assets Holdings Pretax Margin % Related Terms
Power Assets Holdings Pretax Margin % Historical Data
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The historical data trend for Power Assets Holdings'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.
HGKGF vs CEG, VST, NRG: Pretax Margin % Comparison
For the Utilities - Independent Power Producers subindustry, Power Assets Holdings'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.
Power Assets Holdings Pretax Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Power Assets Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Power Assets Holdings'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.
Power Assets Holdings (HGKGF) has a Pretax Margin % of 90.70% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Power Assets Holdings and its competitors. This is near median its historical median of 96.89. Over the past decade, Power Assets Holdings' Pretax Margin % has ranged from 83.30 to 111.12. According to the industry distribution chart, Power Assets Holdings ranks #18 out of 423 companies in the Utilities - Independent Power Producers industry, placing it in the top 4.3%.
Is Power Assets Holdings' Pretax Margin % too high?
Power Assets Holdings' current Pretax Margin % of 90.70% is near median its 10-year median of 96.89. Over the past 10 years, this metric has ranged from a low of 83.30 to a high of 111.12. The Utilities - Independent Power Producers industry median Pretax Margin % is 8.65. Power Assets Holdings' value of 90.70% is 948.6% above this industry median. Based on the distribution chart, Power Assets Holdings ranks #18 out of 423 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Power Assets Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Power Assets Holdings' Pretax Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Power Assets Holdings ranks #18 out of 423 companies for Pretax Margin %. This places Power Assets Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 8.65. Power Assets Holdings' value of 90.70% is 948.6% above this benchmark. Historically, Power Assets Holdings' own Pretax Margin % has ranged from 83.30 to 111.12 over the past decade. While the company's 10-year median is 96.89 vs. the industry median of 8.65, Power Assets Holdings 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 Utilities - Independent Power Producers company?
The median Pretax Margin % among Utilities - Independent Power Producers companies is 8.65, based on 423 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. Power Assets Holdings's current Pretax Margin % of 90.70% is 948.6% 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 Power Assets Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Pretax Margin % is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power Assets Holdings's current Pretax Margin % is 90.70%, which is near median its own 10-year median of 96.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power Assets Holdings stock overvalued right now?
Based on GuruFocus' analysis, Power Assets Holdings (HGKGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.25, compared to a current price of $8.57 — trading 101.6% above its estimated fair value. The current Pretax Margin % is 90.70%, which is near median its 10-year median of 96.89 and 948.6% above the Utilities - Independent Power Producers industry median of 8.65. Power Assets Holdings' overall GF Score™ is 67/100 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 Power Assets Holdings (HGKGF), the current Pretax Margin % is 90.70% 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 Power Assets Holdings (HGKGF) Overvalued in 2026?
Based on GuruFocus' analysis, Power Assets Holdings stock appears to be overvalued.
The current stock price of $8.57 is trading 101.6% above its estimated GF Value™ of $4.25.
GuruFocus considers Power Assets Holdings to be Significantly Overvalued.
Key valuation signals for HGKGF:
Pretax Margin %: 90.70% (near median its 10-year median of 96.89)
GF Value™: $4.25 vs. price of $8.57 (101.6% above fair value)
Industry Position: 948.6% above the Utilities - Independent Power Producers median (#18 of 423)
No single metric tells the full story. See the HGKGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the UK, Australia, Canada, the Netherlands, Thailand, and New Zealand. Profit from its regulated assets contributes around 80% of total income, with earnings from its UK and Australian assets totaling around 65% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 36% owned by CKI Holdings.
67GF Score
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