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Top Spring International Holdings (HKSE:03688) 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.
Top Spring International Holdings Pretax Margin % Related Terms
Top Spring International 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.
Top Spring International Holdings Pretax Margin % Chart
Top Spring International Holdings Pretax Margin % Competitor Comparison
For the Real Estate - Development subindustry, Top Spring International 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.
Top Spring International Holdings Pretax Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Top Spring International Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Top Spring International 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.
Top Spring International Holdings (HKSE:03688) has a Pretax Margin % of -373.22% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Top Spring International Holdings and its competitors. According to the industry distribution chart, Top Spring International Holdings ranks #1675 out of 1757 companies in the Real Estate industry, placing it in the top 95.3%.
Is Top Spring International Holdings' Pretax Margin % too high?
Top Spring International Holdings' current Pretax Margin % is -373.22%. Based on the distribution chart, Top Spring International Holdings ranks #1675 out of 1757 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Top Spring International Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Spring International Holdings' Pretax Margin % compare to competitors?
According to the Real Estate industry distribution chart, Top Spring International Holdings ranks #1675 out of 1757 companies for Pretax Margin %. This places Top Spring International Holdings in the lower half of its industry. The industry median Pretax Margin % is 11.68. 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 11.68, based on 1,757 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 Top Spring International Holdings and its competitors. For the Real Estate industry, the median Pretax Margin % is 11.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Spring International Holdings's current Pretax Margin % is -373.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Spring International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Spring International Holdings (HKSE:03688) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.19 — trading 47.2% below its estimated fair value. The current Pretax Margin % is -373.22%. Top Spring International Holdings' overall GF Score™ is 36/100 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 Top Spring International Holdings (HKSE:03688), the current Pretax Margin % is -373.22% 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 Top Spring International Holdings (HKSE:03688) Overvalued in 2026?
Based on GuruFocus' analysis, Top Spring International Holdings stock appears to be undervalued.
The current stock price of HK$0.19 is trading 47.2% below its estimated GF Value™ of HK$0.36.
GuruFocus considers Top Spring International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:03688:
Pretax Margin %: -373.22%
GF Value™: HK$0.36 vs. price of HK$0.19 (47.2% below fair value)
No single metric tells the full story. See the HKSE:03688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically the company has a presence in PRC, Hong Kong, and others, with key revenue coming from PRC.
36GF Score
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