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The historical rank and industry rank for NetEase Cloud Music's Pretax Margin % or its related term are showing as below:
HKSE:09899'
s Pretax Margin % Range Over the Past 10 Years
Min: -174.58 Med: -15.8 Max: 26.65
Current: 26.64
HKSE:09899's Pretax Margin % is ranked better than 84.78% of 552
companies
in the Interactive Media industry
Industry Median: 2.045
vs HKSE:09899: 26.64
NetEase Cloud Music (HKSE:09899) 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.
NetEase Cloud Music Pretax Margin % Related Terms
NetEase Cloud Music Pretax Margin % Historical Data
* Premium members only.
The historical data trend for NetEase Cloud Music'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:09899 vs GOOGL, META, SPOT: Pretax Margin % Comparison
For the Internet Content & Information subindustry, NetEase Cloud Music'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.
NetEase Cloud Music Pretax Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where NetEase Cloud Music'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.
NetEase Cloud Music (HKSE:09899) has a Pretax Margin % of 25.42% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on NetEase Cloud Music and its competitors. According to the industry distribution chart, NetEase Cloud Music ranks #84 out of 552 companies in the Interactive Media industry, placing it in the top 15.2%.
Is NetEase Cloud Music's Pretax Margin % too high?
NetEase Cloud Music's current Pretax Margin % is 25.42%. The Interactive Media industry median Pretax Margin % is 2.05. NetEase Cloud Music's value of 25.42% is 1143% above this industry median. Based on the distribution chart, NetEase Cloud Music ranks #84 out of 552 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, NetEase Cloud Music has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's Pretax Margin % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, NetEase Cloud Music ranks #84 out of 552 companies for Pretax Margin %. This places NetEase Cloud Music in the top 15% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.05. NetEase Cloud Music's value of 25.42% is 1143% above this benchmark. 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 an Interactive Media company?
The median Pretax Margin % among Interactive Media companies is 2.05, based on 552 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. NetEase Cloud Music's current Pretax Margin % of 25.42% is 1143% 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 NetEase Cloud Music and its competitors. For the Interactive Media industry, the median Pretax Margin % is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase Cloud Music's current Pretax Margin % is 25.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$107.38, compared to a current price of HK$120.70 — trading 12.4% above its estimated fair value. The current Pretax Margin % is 25.42% and 1143% above the Interactive Media industry median of 2.05. NetEase Cloud Music's overall GF Score™ is 72/100 with 3 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 NetEase Cloud Music (HKSE:09899), the current Pretax Margin % is 25.42% 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 NetEase Cloud Music (HKSE:09899) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be overvalued.
The current stock price of HK$120.70 is trading 12.4% above its estimated GF Value™ of HK$107.38.
GuruFocus considers NetEase Cloud Music to be Modestly Overvalued.
Key valuation signals for HKSE:09899:
Pretax Margin %: 25.42%
GF Value™: HK$107.38 vs. price of HK$120.70 (12.4% above fair value)
Industry Position: 1143% above the Interactive Media median (#84 of 552)
No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
72GF Score
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