Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
KRP Development HoldingsHKSE:02421 -1.69%56 Pretax Margin % is 27.56% as of Sep. 2025, which is 57% below its 10-year median of 64.67. GuruFocus rates HKSE:02421 with a GF Score™ of 56/100 and a GF Value™ of HK$0.32 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,756 Real Estate companies, KRP Development Holdings ranks better than 64.92% on this metric.
The historical rank and industry rank for KRP Development Holdings's Pretax Margin % or its related term are showing as below:
HKSE:02421'
s Pretax Margin % Range Over the Past 10 Years
Min: 23.8 Med: 64.67 Max: 71.97
Current: 23.8
HKSE:02421's Pretax Margin % is ranked better than 64.92% of 1756
companies
in the Real Estate industry
Industry Median: 12.4
vs HKSE:02421: 23.80
KRP Development Holdings (HKSE:02421) 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.
KRP Development Holdings Pretax Margin % Related Terms
KRP Development 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.
KRP Development Holdings Pretax Margin % Competitor Comparison
For the Real Estate - Development subindustry, KRP Development 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.
KRP Development Holdings Pretax Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, KRP Development Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where KRP Development 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.
KRP Development Holdings (HKSE:02421) has a Pretax Margin % of 27.56% as of Sep. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on KRP Development Holdings and its competitors. This is 57% below median its historical median of 64.67. Over the past decade, KRP Development Holdings' Pretax Margin % has ranged from 23.80 to 71.97. According to the industry distribution chart, KRP Development Holdings ranks #616 out of 1756 companies in the Real Estate industry, placing it in the top 35.1%.
Is KRP Development Holdings' Pretax Margin % too high?
KRP Development Holdings' current Pretax Margin % of 27.56% is 57% below median its 10-year median of 64.67. Over the past 10 years, this metric has ranged from a low of 23.80 to a high of 71.97. The Real Estate industry median Pretax Margin % is 12.40. KRP Development Holdings' value of 27.56% is 122.3% above this industry median. Based on the distribution chart, KRP Development Holdings ranks #616 out of 1756 companies in the Real Estate industry, which is above the industry midpoint. Overall, KRP Development Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KRP Development Holdings' Pretax Margin % compare to competitors?
According to the Real Estate industry distribution chart, KRP Development Holdings ranks #616 out of 1756 companies for Pretax Margin %. This puts KRP Development Holdings in the upper half of its industry. The industry median Pretax Margin % is 12.40. KRP Development Holdings' value of 27.56% is 122.3% above this benchmark. Historically, KRP Development Holdings' own Pretax Margin % has ranged from 23.80 to 71.97 over the past decade. While the company's 10-year median is 64.67 vs. the industry median of 12.40, KRP Development 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 Real Estate company?
The median Pretax Margin % among Real Estate companies is 12.40, based on 1,756 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. KRP Development Holdings's current Pretax Margin % of 27.56% is 122.3% 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 KRP Development Holdings and its competitors. For the Real Estate industry, the median Pretax Margin % is 12.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KRP Development Holdings's current Pretax Margin % is 27.56%, which is 57% below median its own 10-year median of 64.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KRP Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, KRP Development Holdings (HKSE:02421) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.32, compared to a current price of HK$0.58 — trading 81.3% above its estimated fair value. The current Pretax Margin % is 27.56%, which is 57% below median its 10-year median of 64.67 and 122.3% above the Real Estate industry median of 12.40. KRP Development Holdings' overall GF Score™ is 56/100 with 6 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 KRP Development Holdings (HKSE:02421), the current Pretax Margin % is 27.56% 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 KRP Development Holdings (HKSE:02421) Overvalued in 2026?
Based on GuruFocus' analysis, KRP Development Holdings stock appears to be overvalued.
The current stock price of HK$0.58 is trading 81.3% above its estimated GF Value™ of HK$0.32.
GuruFocus considers KRP Development Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02421:
Pretax Margin %: 27.56% (57% below median its 10-year median of 64.67)
GF Value™: HK$0.32 vs. price of HK$0.58 (81.3% above fair value)
Industry Position: 122.3% above the Real Estate median (#616 of 1756)
No single metric tells the full story. See the HKSE:02421 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KRP Development Holdings Ltd is a boutique residential property developer. The firm is principally engaged in the development and sales of residential properties in Dongguan, Huizhou, and Foshan. It has developed two product series for homebuyers, namely, the Villas series, targeting middle-income and move-up homebuyers, and Mansion, targeting first-time homebuyers and retirees.
56GF Score
Get the complete analysis for HKSE:02421
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:02421 has been successfully added to your 
