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China New Town Development CoHKSE:01278 -4.23% Pretax Margin % is 36.57% as of Dec. 2025, which is 32% below its 10-year median of 53.73. The stock has 6 warning signs investors should review. Among 1,755 Real Estate companies, China New Town Development Co ranks better than 87.29% on this metric.
China New Town Development Co (HKSE:01278) 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.
China New Town Development Co Pretax Margin % Related Terms
China New Town Development Co 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.
China New Town Development Co Pretax Margin % Chart
China New Town Development Co Pretax Margin % Competitor Comparison
For the Real Estate - Development subindustry, China New Town Development Co'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.
China New Town Development Co Pretax Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, China New Town Development Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where China New Town Development Co'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.
China New Town Development Co (HKSE:01278) has a Pretax Margin % of 36.57% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on China New Town Development Co and its competitors. This is 32% below median its historical median of 53.73. According to the industry distribution chart, China New Town Development Co ranks #223 out of 1755 companies in the Real Estate industry, placing it in the top 12.7%.
Is China New Town Development Co's Pretax Margin % too high?
China New Town Development Co's current Pretax Margin % of 36.57% is 32% below median its 10-year median of 53.73. The Real Estate industry median Pretax Margin % is 11.62. China New Town Development Co's value of 36.57% is 214.7% above this industry median. Based on the distribution chart, China New Town Development Co ranks #223 out of 1755 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers.
How does China New Town Development Co's Pretax Margin % compare to competitors?
According to the Real Estate industry distribution chart, China New Town Development Co ranks #223 out of 1755 companies for Pretax Margin %. This places China New Town Development Co in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 11.62. China New Town Development Co's value of 36.57% is 214.7% above this benchmark. While the company's 10-year median is 53.73 vs. the industry median of 11.62, China New Town Development Co 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 Real Estate company?
The median Pretax Margin % among Real Estate companies is 11.62, based on 1,755 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. China New Town Development Co's current Pretax Margin % of 36.57% is 214.7% 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 China New Town Development Co and its competitors. For the Real Estate industry, the median Pretax Margin % is 11.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China New Town Development Co's current Pretax Margin % is 36.57%, which is 32% below median its own 10-year median of 53.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China New Town Development Co stock overvalued right now?
Based on GuruFocus' analysis, China New Town Development Co (HKSE:01278) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.07 — trading 2.9% below its estimated fair value. The current Pretax Margin % is 36.57%, which is 32% below median its 10-year median of 53.73 and 214.7% above the Real Estate industry median of 11.62. 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 China New Town Development Co (HKSE:01278), the current Pretax Margin % is 36.57% 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.
China New Town Development Co Ltd is engaged in urbanization investment and real estate-related businesses in Mainland China. The company has four operating segments: Urbanization Investment, Property Leasing, Building Construction, and Others. The Urbanization Investment segment is responsible for fixed-income projects related to new-type urbanization. The Property Leasing segment provides leasing services for investment properties, while the Building Construction segment is engaged in the construction of ancillary public facilities. The Others segment includes the provision of other services. The company derives the majority of its revenue from the Urbanization Investment segment.
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