Hang Lung PropertiesHLPPF 66 Pretax Margin % is 33.14% as of Dec. 2025, which is 45% below its 10-year median of 60.45. GuruFocus rates HLPPF with a GF Score™ of 66/100 and a GF Value™ of $1.34 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,755 Real Estate companies, Hang Lung Properties ranks better than 76.3% on this metric.
The historical rank and industry rank for Hang Lung Properties's Pretax Margin % or its related term are showing as below:
HLPPF'
s Pretax Margin % Range Over the Past 10 Years
Min: -9.62 Med: 60.45 Max: 167.3
Current: 39.81
HLPPF's Pretax Margin % is ranked better than 76.3% of 1755
companies
in the Real Estate industry
Industry Median: 12.44
vs HLPPF: 39.81
Hang Lung Properties (OTCPK:HLPPF) 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.
Hang Lung Properties Pretax Margin % Related Terms
Hang Lung Properties Pretax Margin % Historical Data
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The historical data trend for Hang Lung Properties'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.
HLPPF vs CBRE, BEKE, JLL: Pretax Margin % Comparison
For the Real Estate Services subindustry, Hang Lung Properties'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.
Hang Lung Properties Pretax Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hang Lung Properties's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Hang Lung Properties'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.
Hang Lung Properties (HLPPF) has a Pretax Margin % of 33.14% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Hang Lung Properties and its competitors. This is 45% below median its historical median of 60.45. According to the industry distribution chart, Hang Lung Properties ranks #416 out of 1755 companies in the Real Estate industry, placing it in the top 23.7%.
Is Hang Lung Properties' Pretax Margin % too high?
Hang Lung Properties' current Pretax Margin % of 33.14% is 45% below median its 10-year median of 60.45. The Real Estate industry median Pretax Margin % is 12.44. Hang Lung Properties' value of 33.14% is 166.4% above this industry median. Based on the distribution chart, Hang Lung Properties ranks #416 out of 1755 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hang Lung Properties has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Properties' Pretax Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hang Lung Properties ranks #416 out of 1755 companies for Pretax Margin %. This places Hang Lung Properties in the top 24% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 12.44. Hang Lung Properties' value of 33.14% is 166.4% above this benchmark. While the company's 10-year median is 60.45 vs. the industry median of 12.44, Hang Lung Properties 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 12.44, 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. Hang Lung Properties's current Pretax Margin % of 33.14% is 166.4% 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 Hang Lung Properties and its competitors. For the Real Estate industry, the median Pretax Margin % is 12.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hang Lung Properties's current Pretax Margin % is 33.14%, which is 45% below median its own 10-year median of 60.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hang Lung Properties stock overvalued right now?
Based on GuruFocus' analysis, Hang Lung Properties (HLPPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.34, compared to a current price of $1.16 — trading 13.4% below its estimated fair value. The current Pretax Margin % is 33.14%, which is 45% below median its 10-year median of 60.45 and 166.4% above the Real Estate industry median of 12.44. Hang Lung Properties' overall GF Score™ is 66/100 with 7 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 Hang Lung Properties (HLPPF), the current Pretax Margin % is 33.14% 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 Hang Lung Properties (HLPPF) Overvalued in 2026?
Based on GuruFocus' analysis, Hang Lung Properties stock appears to be undervalued.
The current stock price of $1.16 is trading 13.4% below its estimated GF Value™ of $1.34.
GuruFocus considers Hang Lung Properties to be Modestly Undervalued.
Key valuation signals for HLPPF:
Pretax Margin %: 33.14% (45% below median its 10-year median of 60.45)
GF Value™: $1.34 vs. price of $1.16 (13.4% below fair value)
Industry Position: 166.4% above the Real Estate median (#416 of 1755)
No single metric tells the full story. See the HLPPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hung Lung Properties, or HLP, is the property arm of Hang Lung Group Limited and primarily operates premium commercial properties in mainland China and Hong Kong. The company also develops and sells residential properties in both regions. Most of its revenue is generated from mainland China, with focus on retail malls in Tier 1 and 2 cities including Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang and Tianjin. The company is 59% owned by Hang Lung Group.
66GF Score
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