Dis-Chem Pharmacies (JSE:DCP) Pretax Margin %: 2.29% (As of Feb. 2026) — 44% Below Median


JSE:DCP Dis-Chem Pharmacies Ltd JSE:DCP
87 GF Score
Price R32.91
GF Value R38.05
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Dis-Chem Pharmacies Pretax Margin %?

Dis-Chem Pharmacies JSE:DCP -3.91% 87 Pretax Margin % is 2.29% as of Feb. 2026, which is 44% below its 10-year median of 4.11. GuruFocus rates JSE:DCP with a GF Score™ of 87/100 and a GF Value™ of R38.05 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 666 Healthcare Providers & Services companies, Dis-Chem Pharmacies ranks worse than 52.7% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Dis-Chem Pharmacies's Pre-Tax Income for the six months ended in Feb. 2026 was R495 Mil. Dis-Chem Pharmacies's Revenue for the six months ended in Feb. 2026 was R21,551 Mil. Therefore, Dis-Chem Pharmacies's pretax margin for the quarter that ended in Feb. 2026 was 2.29%.

The historical rank and industry rank for Dis-Chem Pharmacies's Pretax Margin % or its related term are showing as below:

JSE:DCP' s Pretax Margin % Range Over the Past 10 Years
Min: 3.26   Med: 4.11   Max: 5.22
Current: 3.26


JSE:DCP's Pretax Margin % is ranked worse than
52.7% of 666 companies
in the Healthcare Providers & Services industry
Industry Median: 4 vs JSE:DCP: 3.26

Dis-Chem Pharmacies  (JSE:DCP) 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.


Dis-Chem Pharmacies Pretax Margin % Related Terms


Dis-Chem Pharmacies Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Dis-Chem Pharmacies'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.

Dis-Chem Pharmacies Pretax Margin % Chart

Dis-Chem Pharmacies Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.04 4.34 3.82 4.17 3.26

Dis-Chem Pharmacies Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 3.71 4.16 4.18 4.23 2.29

Dis-Chem Pharmacies Pretax Margin % Competitor Comparison

For the Pharmaceutical Retailers subindustry, Dis-Chem Pharmacies'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.


Dis-Chem Pharmacies Pretax Margin % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dis-Chem Pharmacies's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Dis-Chem Pharmacies's Pretax Margin % falls into.


JSE:DCP
87GF Score
Dis-Chem Pharmacies Ltd JSE:DCP
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dis-Chem Pharmacies 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.

Dis-Chem Pharmacies's Pretax Margin for the fiscal year that ended in Feb. 2026 is calculated as

Pretax Margin=Pre-Tax Income (A: Feb. 2026 )/Revenue (A: Feb. 2026 )
=1394.725/42825.777
=3.26 %

Dis-Chem Pharmacies's Pretax Margin for the quarter that ended in Feb. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=494.576/21551.492
=2.29 %

* 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 2.29% mean?
Dis-Chem Pharmacies (JSE:DCP) has a Pretax Margin % of 2.29% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Dis-Chem Pharmacies and its competitors. This is 44% below median its historical median of 4.11. Over the past decade, Dis-Chem Pharmacies' Pretax Margin % has ranged from 3.26 to 5.22. According to the industry distribution chart, Dis-Chem Pharmacies ranks #351 out of 666 companies in the Healthcare Providers & Services industry, placing it in the top 52.7%.
Is Dis-Chem Pharmacies' Pretax Margin % too high?
Dis-Chem Pharmacies' current Pretax Margin % of 2.29% is 44% below median its 10-year median of 4.11. Over the past 10 years, this metric has ranged from a low of 3.26 to a high of 5.22. The Healthcare Providers & Services industry median Pretax Margin % is 4.00. Dis-Chem Pharmacies' value of 2.29% is 42.8% below this industry median. Based on the distribution chart, Dis-Chem Pharmacies ranks #351 out of 666 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Dis-Chem Pharmacies has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dis-Chem Pharmacies' Pretax Margin % compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Dis-Chem Pharmacies ranks #351 out of 666 companies for Pretax Margin %. This places Dis-Chem Pharmacies in the lower half of its industry. The industry median Pretax Margin % is 4.00. Dis-Chem Pharmacies' value of 2.29% is 42.8% below this benchmark. Historically, Dis-Chem Pharmacies' own Pretax Margin % has ranged from 3.26 to 5.22 over the past decade. While the company's 10-year median is 4.11 vs. the industry median of 4.00, Dis-Chem Pharmacies has consistently been below 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 Healthcare Providers & Services company?
The median Pretax Margin % among Healthcare Providers & Services companies is 4.00, based on 666 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. Dis-Chem Pharmacies's current Pretax Margin % of 2.29% is 42.8% below 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 Dis-Chem Pharmacies and its competitors. For the Healthcare Providers & Services industry, the median Pretax Margin % is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dis-Chem Pharmacies's current Pretax Margin % is 2.29%, which is 44% below median its own 10-year median of 4.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dis-Chem Pharmacies stock overvalued right now?
Based on GuruFocus' analysis, Dis-Chem Pharmacies (JSE:DCP) is currently considered Modestly Undervalued. The stock's GF Value™ is R38.05, compared to a current price of R32.91 — trading 13.5% below its estimated fair value. The current Pretax Margin % is 2.29%, which is 44% below median its 10-year median of 4.11 and 42.8% below the Healthcare Providers & Services industry median of 4.00. Dis-Chem Pharmacies' overall GF Score™ is 87/100 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 Dis-Chem Pharmacies (JSE:DCP), the current Pretax Margin % is 2.29% as of Feb. 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 Dis-Chem Pharmacies (JSE:DCP) Overvalued in 2026?

Based on GuruFocus' analysis, Dis-Chem Pharmacies stock appears to be undervalued. The current stock price of R32.91 is trading 13.5% below its estimated GF Value™ of R38.05. GuruFocus considers Dis-Chem Pharmacies to be Modestly Undervalued.

Key valuation signals for JSE:DCP:

  • Pretax Margin %: 2.29% (44% below median its 10-year median of 4.11)
  • GF Value™: R38.05 vs. price of R32.91 (13.5% below fair value)
  • GF Score™: 87/100 with 3 warning signs
  • Industry Position: 42.8% below the Healthcare Providers & Services median (#351 of 666)

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


Dis-Chem Pharmacies Business Description

Address 23 Stag Road, Glen Austin, Midrand, Johannesburg, GT, ZAF, 1685
Dis-Chem Pharmacies Ltd is a pharmaceutical company based in South Africa. Its product portfolio includes personal care products, beauty products, healthcare and nutrition products, and dispensary and baby care products. The operating segments of the group are Retail and Wholesale. It derives maximum revenue from the Retail segment, which includes company stores, retailers of pharmaceuticals and a variety of health and beauty products, as well as pharma-logistic services and oncology and retailers of pharmaceutical products. The Wholesale segment consists of the CJ wholesale and company distribution businesses, wholesalers of pharmaceuticals, and a variety of health and beauty products. Geographically, the group carries out its business operations principally in South Africa.
87GF Score

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

R32.91
Price
R38.05
GF Value