LightLGSXY 40 Pretax Margin % is 0.99% as of Mar. 2026, which is 72% below its 10-year median of 3.54. GuruFocus rates LGSXY with a GF Score™ of 40/100 and a GF Value™ of $0.83 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 422 Utilities - Independent Power Producers companies, Light ranks worse than 67.77% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Light's Pre-Tax Income for the
three
months ended in Mar. 2026 was $7 Mil. Light's Revenue for the
three
months ended in Mar. 2026 was $736 Mil. Therefore, Light's pretax margin for the quarter that ended in Mar. 2026 was 0.99%.
The historical rank and industry rank for Light's Pretax Margin % or its related term are showing as below:
LGSXY'
s Pretax Margin % Range Over the Past 10 Years
Min: -41.21 Med: 3.54 Max: 15.16
Current: 0.6
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.
Light Pretax Margin % Related Terms
Light Pretax Margin % Historical Data
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The historical data trend for Light'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.
For the Utilities - Renewable subindustry, Light'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.
Light Pretax Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Light's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Light'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.
Light (LGSXY) has a Pretax Margin % of 0.99% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Light and its competitors. This is 72% below median its historical median of 3.54. According to the industry distribution chart, Light ranks #286 out of 422 companies in the Utilities - Independent Power Producers industry, placing it in the top 67.8%.
Is Light's Pretax Margin % too high?
Light's current Pretax Margin % of 0.99% is 72% below median its 10-year median of 3.54. The Utilities - Independent Power Producers industry median Pretax Margin % is 8.66. Light's value of 0.99% is 88.6% below this industry median. Based on the distribution chart, Light ranks #286 out of 422 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Light has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Light's Pretax Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Light ranks #286 out of 422 companies for Pretax Margin %. This places Light in the lower half of its industry. The industry median Pretax Margin % is 8.66. Light's value of 0.99% is 88.6% below this benchmark. While the company's 10-year median is 3.54 vs. the industry median of 8.66, Light 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 an Utilities - Independent Power Producers company?
The median Pretax Margin % among Utilities - Independent Power Producers companies is 8.66, based on 422 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. Light's current Pretax Margin % of 0.99% is 88.6% 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 Light and its competitors. For the Utilities - Independent Power Producers industry, the median Pretax Margin % is 8.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Light's current Pretax Margin % is 0.99%, which is 72% below median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Light stock overvalued right now?
Based on GuruFocus' analysis, Light (LGSXY) is currently considered Possible Value Trap. The stock's GF Value™ is $0.83, compared to a current price of $0.45 — trading 45.8% below its estimated fair value. The current Pretax Margin % is 0.99%, which is 72% below median its 10-year median of 3.54 and 88.6% below the Utilities - Independent Power Producers industry median of 8.66. Light's overall GF Score™ is 40/100 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 Light (LGSXY), the current Pretax Margin % is 0.99% 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 Light (LGSXY) Overvalued in 2026?
Based on GuruFocus' analysis, Light stock appears to be undervalued.
The current stock price of $0.45 is trading 45.8% below its estimated GF Value™ of $0.83.
GuruFocus considers Light to be Possible Value Trap.
Key valuation signals for LGSXY:
Pretax Margin %: 0.99% (72% below median its 10-year median of 3.54)
GF Value™: $0.83 vs. price of $0.45 (45.8% below fair value)
Industry Position: 88.6% below the Utilities - Independent Power Producers median (#286 of 422)
No single metric tells the full story. See the LGSXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Light SA is a Brazilian private-public utility of which the state-owned power company, CEMIG, wields a controlling stake. The company generates, distributes, and trades energy. To do this, the company owns and operates a portfolio of hydroelectric power plants that serve the Brazilian state of Rio de Janeiro. Light derives maximum of its revenue from the supplying of energy, with network usage and the construction of assets also bringing in substantial amounts of revenue. The vast majority of the company's customers are residential consumers. The company operates in three segments namely: Distribution, Generation and Trading, out of which maximum revenue is generated from Distribution segment.
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