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Asia Commercial HoldingsHKSE:00104 +3.35%47 Pretax Margin % is 16.31% as of Sep. 2025, which is 99% above its 10-year median of 8.20. GuruFocus rates HKSE:00104 with a GF Score™ of 47/100 and a GF Value™ of HK$0.22 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Asia Commercial Holdings ranks better than 81.95% on this metric.
The historical rank and industry rank for Asia Commercial Holdings's Pretax Margin % or its related term are showing as below:
HKSE:00104'
s Pretax Margin % Range Over the Past 10 Years
Min: -17.78 Med: 8.2 Max: 16.29
Current: 11.41
HKSE:00104's Pretax Margin % is ranked better than 81.95% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 3.085
vs HKSE:00104: 11.41
Asia Commercial Holdings (HKSE:00104) 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.
Asia Commercial Holdings Pretax Margin % Related Terms
Asia Commercial Holdings Pretax Margin % Historical Data
* 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.
HKSE:00104 vs CASY, WSM, ULTA: Pretax Margin % Comparison
For the Specialty Retail subindustry, Asia Commercial 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.
Asia Commercial Holdings Pretax Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Asia Commercial Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Asia Commercial 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.
Asia Commercial Holdings (HKSE:00104) has a Pretax Margin % of 16.31% as of Sep. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Asia Commercial Holdings and its competitors. This is 99% above median its historical median of 8.20. According to the industry distribution chart, Asia Commercial Holdings ranks #204 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 18.1%.
Is Asia Commercial Holdings' Pretax Margin % too high?
Asia Commercial Holdings' current Pretax Margin % of 16.31% is 99% above median its 10-year median of 8.20. The Retail - Cyclical industry median Pretax Margin % is 3.09. Asia Commercial Holdings' value of 16.31% is 428.7% above this industry median. Based on the distribution chart, Asia Commercial Holdings ranks #204 out of 1130 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Commercial Holdings has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Commercial Holdings' Pretax Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Asia Commercial Holdings ranks #204 out of 1130 companies for Pretax Margin %. This places Asia Commercial Holdings in the top 18% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.09. Asia Commercial Holdings' value of 16.31% is 428.7% above this benchmark. While the company's 10-year median is 8.20 vs. the industry median of 3.09, Asia Commercial 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 a Retail - Cyclical company?
The median Pretax Margin % among Retail - Cyclical companies is 3.09, based on 1,130 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. Asia Commercial Holdings's current Pretax Margin % of 16.31% is 428.7% 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 Asia Commercial Holdings and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Commercial Holdings's current Pretax Margin % is 16.31%, which is 99% above median its own 10-year median of 8.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Commercial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Commercial Holdings (HKSE:00104) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.25 — trading 12.3% above its estimated fair value. The current Pretax Margin % is 16.31%, which is 99% above median its 10-year median of 8.20 and 428.7% above the Retail - Cyclical industry median of 3.09. Asia Commercial Holdings' overall GF Score™ is 47/100 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 Asia Commercial Holdings (HKSE:00104), the current Pretax Margin % is 16.31% as of Sep. 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 Asia Commercial Holdings (HKSE:00104) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Commercial Holdings stock appears to be overvalued.
The current stock price of HK$0.25 is trading 12.3% above its estimated GF Value™ of HK$0.22.
GuruFocus considers Asia Commercial Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:00104:
Pretax Margin %: 16.31% (99% above median its 10-year median of 8.20)
GF Value™: HK$0.22 vs. price of HK$0.25 (12.3% above fair value)
Industry Position: 428.7% above the Retail - Cyclical median (#204 of 1130)
No single metric tells the full story. See the HKSE:00104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments: Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. Geographically, the group generates maximum revenue from Mainland China, followed by Hong Kong, Switzerland, and the United Kingdom.
47GF Score
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