Erciyas Celik BorunayiIST:ERCB +2.01%24 Pretax Margin % is 12.81% as of Mar. 2026, which is 950% above its 10-year median of 1.22. GuruFocus rates IST:ERCB with a GF Score™ of 24/100 and a GF Value™ of ₺91.64 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 612 Steel companies, Erciyas Celik Borunayi ranks worse than 84.48% 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.
Erciyas Celik Borunayi Pretax Margin % Related Terms
Erciyas Celik Borunayi Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Erciyas Celik Borunayi'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.
IST:ERCB vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Erciyas Celik Borunayi'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.
Erciyas Celik Borunayi Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Erciyas Celik Borunayi's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Erciyas Celik Borunayi'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.
Erciyas Celik Borunayi (IST:ERCB) has a Pretax Margin % of 12.81% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Erciyas Celik Borunayi and its competitors. This is 950% above median its historical median of 1.22. According to the industry distribution chart, Erciyas Celik Borunayi ranks #517 out of 612 companies in the Steel industry, placing it in the top 84.5%.
Is Erciyas Celik Borunayi's Pretax Margin % too high?
Erciyas Celik Borunayi's current Pretax Margin % of 12.81% is 950% above median its 10-year median of 1.22. The Steel industry median Pretax Margin % is 2.57. Erciyas Celik Borunayi's value of 12.81% is 398.4% above this industry median. Based on the distribution chart, Erciyas Celik Borunayi ranks #517 out of 612 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Erciyas Celik Borunayi has a GF Score™ of 24/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Erciyas Celik Borunayi's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Erciyas Celik Borunayi ranks #517 out of 612 companies for Pretax Margin %. This places Erciyas Celik Borunayi in the lower half of its industry. The industry median Pretax Margin % is 2.57. Erciyas Celik Borunayi's value of 12.81% is 398.4% above this benchmark. While the company's 10-year median is 1.22 vs. the industry median of 2.57, Erciyas Celik Borunayi 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 Steel company?
The median Pretax Margin % among Steel companies is 2.57, based on 612 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. Erciyas Celik Borunayi's current Pretax Margin % of 12.81% is 398.4% 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 Erciyas Celik Borunayi and its competitors. For the Steel industry, the median Pretax Margin % is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Erciyas Celik Borunayi's current Pretax Margin % is 12.81%, which is 950% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erciyas Celik Borunayi stock overvalued right now?
Based on GuruFocus' analysis, Erciyas Celik Borunayi (IST:ERCB) is currently considered Possible Value Trap. The stock's GF Value™ is ₺91.64, compared to a current price of ₺49.76 — trading 45.7% below its estimated fair value. The current Pretax Margin % is 12.81%, which is 950% above median its 10-year median of 1.22 and 398.4% above the Steel industry median of 2.57. Erciyas Celik Borunayi's overall GF Score™ is 24/100 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 Erciyas Celik Borunayi (IST:ERCB), the current Pretax Margin % is 12.81% 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 Erciyas Celik Borunayi (IST:ERCB) Overvalued in 2026?
Based on GuruFocus' analysis, Erciyas Celik Borunayi stock appears to be undervalued.
The current stock price of ₺49.76 is trading 45.7% below its estimated GF Value™ of ₺91.64.
GuruFocus considers Erciyas Celik Borunayi to be Possible Value Trap.
Key valuation signals for IST:ERCB:
Pretax Margin %: 12.81% (950% above median its 10-year median of 1.22)
GF Value™: ₺91.64 vs. price of ₺49.76 (45.7% below fair value)
Industry Position: 398.4% above the Steel median (#517 of 612)
No single metric tells the full story. See the IST:ERCB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Erciyas Celik Boru Sanayi is engaged in manufacturing all kinds of iron and steel products, longitudinally welded and spirally welded pipes, all kinds of pipe internal/external bitumen, epoxy concrete, PE coating, paint, and insulation.
24GF Score
Get the complete analysis for IST:ERCB
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
IST:ERCB has been successfully added to your 
