First Shanghai Investments (HKSE:00227) Pretax Margin %: -43.04% (As of Dec. 2025)

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HKSE:00227 First Shanghai Investments Ltd HKSE:00227
34 GF Score
Price HK$0.16
GF Value HK$0.13
Valuation Modestly Overvalued
! 5 Warning Signs
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What is First Shanghai Investments Pretax Margin %?

First Shanghai Investments HKSE:00227 -3.73% 34 Pretax Margin % is -43.04% as of Dec. 2025. GuruFocus rates HKSE:00227 with a GF Score™ of 34/100 and a GF Value™ of HK$0.13 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 774 Capital Markets companies, First Shanghai Investments ranks worse than 81.65% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. First Shanghai Investments's Pre-Tax Income for the six months ended in Dec. 2025 was HK$-93.0 Mil. First Shanghai Investments's Revenue for the six months ended in Dec. 2025 was HK$216.0 Mil. Therefore, First Shanghai Investments's pretax margin for the quarter that ended in Dec. 2025 was -43.04%.

The historical rank and industry rank for First Shanghai Investments's Pretax Margin % or its related term are showing as below:

HKSE:00227' s Pretax Margin % Range Over the Past 10 Years
Min: -21.39   Med: -3.63   Max: 22.09
Current: -21.39


HKSE:00227's Pretax Margin % is ranked worse than
81.65% of 774 companies
in the Capital Markets industry
Industry Median: 22.12 vs HKSE:00227: -21.39

First Shanghai Investments  (HKSE:00227) 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.


First Shanghai Investments Pretax Margin % Related Terms


First Shanghai Investments Pretax Margin % Historical Data

* Premium members only.

The historical data trend for First Shanghai Investments'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.

First Shanghai Investments Pretax Margin % Chart

First Shanghai Investments Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.67 -18.82 1.91 22.09 -21.39

First Shanghai Investments Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.99 31.75 10.99 3.03 -43.04

HKSE:00227 vs MS, GS, SCHW: Pretax Margin % Comparison

For the Capital Markets subindustry, First Shanghai Investments'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.


First Shanghai Investments Pretax Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Shanghai Investments's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where First Shanghai Investments's Pretax Margin % falls into.


HKSE:00227
34GF Score
First Shanghai Investments Ltd HKSE:00227
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Shanghai Investments Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

First Shanghai Investments's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-87.17/407.603
=-21.39 %

First Shanghai Investments's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-92.967/216.008
=-43.04 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of -43.04% mean?
First Shanghai Investments (HKSE:00227) has a Pretax Margin % of -43.04% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Shanghai Investments and its competitors. According to the industry distribution chart, First Shanghai Investments ranks #632 out of 774 companies in the Capital Markets industry, placing it in the top 81.7%.
Is First Shanghai Investments' Pretax Margin % too high?
First Shanghai Investments' current Pretax Margin % is -43.04%. Based on the distribution chart, First Shanghai Investments ranks #632 out of 774 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, First Shanghai Investments has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Shanghai Investments' Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, First Shanghai Investments ranks #632 out of 774 companies for Pretax Margin %. This places First Shanghai Investments in the lower half of its industry. The industry median Pretax Margin % is 22.12. 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 Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 22.12, based on 774 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. 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 First Shanghai Investments and its competitors. For the Capital Markets industry, the median Pretax Margin % is 22.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Shanghai Investments's current Pretax Margin % is -43.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Shanghai Investments stock overvalued right now?
Based on GuruFocus' analysis, First Shanghai Investments (HKSE:00227) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.13, compared to a current price of HK$0.16 — trading 19.2% above its estimated fair value. The current Pretax Margin % is -43.04%. First Shanghai Investments' overall GF Score™ is 34/100 with 5 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 First Shanghai Investments (HKSE:00227), the current Pretax Margin % is -43.04% 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 First Shanghai Investments (HKSE:00227) Overvalued in 2026?

Based on GuruFocus' analysis, First Shanghai Investments stock appears to be overvalued. The current stock price of HK$0.16 is trading 19.2% above its estimated GF Value™ of HK$0.13. GuruFocus considers First Shanghai Investments to be Modestly Overvalued.

Key valuation signals for HKSE:00227:

  • Pretax Margin %: -43.04%
  • GF Value™: HK$0.13 vs. price of HK$0.16 (19.2% above fair value)
  • GF Score™: 34/100 with 5 warning signs

No single metric tells the full story. See the HKSE:00227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Shanghai Investments Business Description

Address 71 Des Voeux Road Central, Room 1903, Wing On House, Hong Kong, HKG
First Shanghai Investments Ltd is a financial conglomerate providing stock brokerage, asset management, and corporate finance. The company operates its business in four segments: Financial Services, Property Development, Property Investment and Hotel, and Other businesses, of which the majority of its revenues are derived from Financial Services. The Financial Services Sector provides a full range of financial services, including securities investment, securities broking, margin financing, corporate finance, underwriting and placements, and asset management. Geographically, it generates maximum revenue from Hong Kong.
34GF Score

Get the complete analysis for HKSE:00227

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.16
Price
HK$0.13
GF Value