ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Pretax Margin %: 89.22% (As of Mar. 2026) — 69% Below Median

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IST:ZRGYO ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
80 GF Score
Price ₺18.21
GF Value ₺13.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Pretax Margin %?

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO -1.57% 80 Pretax Margin % is 89.22% as of Mar. 2026, which is 69% below its 10-year median of 285.61. GuruFocus rates IST:ZRGYO with a GF Score™ of 80/100 and a GF Value™ of ₺13.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 922 REITs companies, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks better than 97.07% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pre-Tax Income for the three months ended in Mar. 2026 was ₺750 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Revenue for the three months ended in Mar. 2026 was ₺840 Mil. Therefore, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's pretax margin for the quarter that ended in Mar. 2026 was 89.22%.

The historical rank and industry rank for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin % or its related term are showing as below:

IST:ZRGYO' s Pretax Margin % Range Over the Past 10 Years
Min: 118.18   Med: 285.61   Max: 707.71
Current: 281.68


IST:ZRGYO's Pretax Margin % is ranked better than
97.07% of 922 companies
in the REITs industry
Industry Median: 47.265 vs IST:ZRGYO: 281.68

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS  (IST:ZRGYO) 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Pretax Margin % Related Terms


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Pretax Margin % Historical Data

* Premium members only.

The historical data trend for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS'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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Pretax Margin % Chart

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial 707.71 680.38 118.18 156.78 290.89

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.38 56.66 98.34 522.97 89.22

IST:ZRGYO vs VICI, WPC: Pretax Margin % Comparison

For the REIT - Diversified subindustry, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS'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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin % falls into.


IST:ZRGYO
80GF Score
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=10083.324/3466.335
=290.89 %

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=749.828/840.463
=89.22 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 89.22% mean?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) has a Pretax Margin % of 89.22% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. This is 69% below median its historical median of 285.61. Over the past decade, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin % has ranged from 118.18 to 707.71. According to the industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #27 out of 922 companies in the REITs industry, placing it in the top 2.9%.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin % too high?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Pretax Margin % of 89.22% is 69% below median its 10-year median of 285.61. Over the past 10 years, this metric has ranged from a low of 118.18 to a high of 707.71. The REITs industry median Pretax Margin % is 47.27. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 89.22% is 88.8% above this industry median. Based on the distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #27 out of 922 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #27 out of 922 companies for Pretax Margin %. This places ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS in the top 3% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 47.27. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 89.22% is 88.8% above this benchmark. Historically, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's own Pretax Margin % has ranged from 118.18 to 707.71 over the past decade. While the company's 10-year median is 285.61 vs. the industry median of 47.27, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS 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 47.27, based on 922 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. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Pretax Margin % of 89.22% is 88.8% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. For the REITs industry, the median Pretax Margin % is 47.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Pretax Margin % is 89.22%, which is 69% below median its own 10-year median of 285.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock overvalued right now?
Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.94, compared to a current price of ₺18.21 — trading 30.6% above its estimated fair value. The current Pretax Margin % is 89.22%, which is 69% below median its 10-year median of 285.61 and 88.8% above the REITs industry median of 47.27. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's overall GF Score™ is 80/100 with 5 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO), the current Pretax Margin % is 89.22% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock appears to be overvalued. The current stock price of ₺18.21 is trading 30.6% above its estimated GF Value™ of ₺13.94. GuruFocus considers ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS to be Significantly Overvalued.

Key valuation signals for IST:ZRGYO:

  • Pretax Margin %: 89.22% (69% below median its 10-year median of 285.61)
  • GF Value™: ₺13.94 vs. price of ₺18.21 (30.6% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 88.8% above the REITs median (#27 of 922)

No single metric tells the full story. See the IST:ZRGYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Business Description

Industry Real EstateREITs
Address Sahrayi Cedit Mahallesi, Ataturk Caddesi No: 48, Kat: 8-9, Kozyatagi-Kadikoy, Istanbul, TUR, 34734
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.
80GF Score

Get the complete analysis for IST:ZRGYO

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺18.21
Price
₺13.94
GF Value