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Smart-Core HoldingsHKSE:02166 -4.06%59 Pretax Margin % is 3.31% as of Dec. 2025, which is 66% above its 10-year median of 2.00. GuruFocus rates HKSE:02166 with a GF Score™ of 59/100 and a GF Value™ of HK$1.52 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,472 Hardware companies, Smart-Core Holdings ranks worse than 57.16% on this metric.
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.
Smart-Core Holdings Pretax Margin % Related Terms
Smart-Core Holdings Pretax Margin % Historical Data
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The historical data trend for Smart-Core 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.
HKSE:02166 vs SNX, ARW, AVT: Pretax Margin % Comparison
For the Electronics & Computer Distribution subindustry, Smart-Core 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.
Smart-Core Holdings Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Smart-Core Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Smart-Core 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.
Smart-Core Holdings (HKSE:02166) has a Pretax Margin % of 3.31% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Smart-Core Holdings and its competitors. This is 66% above median its historical median of 2.00. Over the past decade, Smart-Core Holdings' Pretax Margin % has ranged from 1.50 to 4.58. According to the industry distribution chart, Smart-Core Holdings ranks #1413 out of 2472 companies in the Hardware industry, placing it in the top 57.2%.
Is Smart-Core Holdings' Pretax Margin % too high?
Smart-Core Holdings' current Pretax Margin % of 3.31% is 66% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 4.58. The Hardware industry median Pretax Margin % is 4.03. Smart-Core Holdings' value of 3.31% is 17.8% below this industry median. Based on the distribution chart, Smart-Core Holdings ranks #1413 out of 2472 companies in the Hardware industry, which is below the industry midpoint. Overall, Smart-Core Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart-Core Holdings' Pretax Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, Smart-Core Holdings ranks #1413 out of 2472 companies for Pretax Margin %. This places Smart-Core Holdings in the lower half of its industry. The industry median Pretax Margin % is 4.03. Smart-Core Holdings' value of 3.31% is 17.8% below this benchmark. Historically, Smart-Core Holdings' own Pretax Margin % has ranged from 1.50 to 4.58 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 4.03, Smart-Core Holdings has consistently been below 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 Hardware company?
The median Pretax Margin % among Hardware companies is 4.03, based on 2,472 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. Smart-Core Holdings's current Pretax Margin % of 3.31% is 17.8% below 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 Smart-Core Holdings and its competitors. For the Hardware industry, the median Pretax Margin % is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart-Core Holdings's current Pretax Margin % is 3.31%, which is 66% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart-Core Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart-Core Holdings (HKSE:02166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.52, compared to a current price of HK$4.61 — trading 203% above its estimated fair value. The current Pretax Margin % is 3.31%, which is 66% above median its 10-year median of 2.00 and 17.8% below the Hardware industry median of 4.03. Smart-Core Holdings' overall GF Score™ is 59/100 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 Smart-Core Holdings (HKSE:02166), the current Pretax Margin % is 3.31% 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 Smart-Core Holdings (HKSE:02166) Overvalued in 2026?
Based on GuruFocus' analysis, Smart-Core Holdings stock appears to be overvalued.
The current stock price of HK$4.61 is trading 203% above its estimated GF Value™ of HK$1.52.
GuruFocus considers Smart-Core Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02166:
Pretax Margin %: 3.31% (66% above median its 10-year median of 2.00)
GF Value™: HK$1.52 vs. price of HK$4.61 (203% above fair value)
Industry Position: 17.8% below the Hardware median (#1413 of 2472)
No single metric tells the full story. See the HKSE:02166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions, optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), and optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Mixed distribution. It makes up the majority of the revenue from the Authorised distribution segment.
59GF Score
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