Argosy PropertyIGPYF 68 Pretax Margin % is 93.46% as of Mar. 2026, which is 0% below its 10-year median of 93.87. GuruFocus rates IGPYF with a GF Score™ of 68/100 and a GF Value™ of $0.77. The stock has 9 warning signs investors should review. Among 932 REITs companies, Argosy Property ranks better than 74.14% 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.
Argosy Property Pretax Margin % Related Terms
Argosy Property Pretax Margin % Historical Data
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The historical data trend for Argosy Property'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.
IGPYF vs VICI, WPC, BNL: Pretax Margin % Comparison
For the REIT - Diversified subindustry, Argosy Property'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.
Argosy Property Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Argosy Property's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Argosy Property'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.
Argosy Property (IGPYF) has a Pretax Margin % of 93.46% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Argosy Property and its competitors. This is near median its historical median of 93.87. According to the industry distribution chart, Argosy Property ranks #241 out of 932 companies in the REITs industry, placing it in the top 25.9%.
Is Argosy Property's Pretax Margin % too high?
Argosy Property's current Pretax Margin % of 93.46% is near median its 10-year median of 93.87. The REITs industry median Pretax Margin % is 46.82. Argosy Property's value of 93.46% is 99.6% above this industry median. Based on the distribution chart, Argosy Property ranks #241 out of 932 companies in the REITs industry, which is above the industry midpoint. Overall, Argosy Property has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Argosy Property's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Argosy Property ranks #241 out of 932 companies for Pretax Margin %. This puts Argosy Property in the upper half of its industry. The industry median Pretax Margin % is 46.82. Argosy Property's value of 93.46% is 99.6% above this benchmark. While the company's 10-year median is 93.87 vs. the industry median of 46.82, Argosy Property 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 REITs company?
The median Pretax Margin % among REITs companies is 46.82, based on 932 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. Argosy Property's current Pretax Margin % of 93.46% is 99.6% 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 Argosy Property and its competitors. For the REITs industry, the median Pretax Margin % is 46.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argosy Property's current Pretax Margin % is 93.46%, which is near median its own 10-year median of 93.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argosy Property stock overvalued right now?
Argosy Property (IGPYF) has a current Pretax Margin % of 93.46%. The stock's GF Value™ is $0.77, compared to a current price of $0.75 — trading 2.6% below its estimated fair value. The current Pretax Margin % is 93.46%, which is near median its 10-year median of 93.87 and 99.6% above the REITs industry median of 46.82. Argosy Property's overall GF Score™ is 68/100 with 9 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 Argosy Property (IGPYF), the current Pretax Margin % is 93.46% as of Mar. 2026. 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 Argosy Property (IGPYF) Overvalued in 2026?
Based on GuruFocus' analysis, Argosy Property stock appears to be undervalued.
The current stock price of $0.75 is trading 2.6% below its estimated GF Value™ of $0.77.
Key valuation signals for IGPYF:
Pretax Margin %: 93.46% (near median its 10-year median of 93.87)
GF Value™: $0.77 vs. price of $0.75 (2.6% below fair value)
Industry Position: 99.6% above the REITs median (#241 of 932)
No single metric tells the full story. See the IGPYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argosy Property Ltd's business activity is to invest in and actively manage properties, including Industrial, Office, and Large Format Retail properties, predominantly in Auckland and New Zealand. The company's portfolio is centered on the Auckland and Wellington markets and is diversified by industrial, office, and large-format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centers, and entertainment venues.
68GF Score
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