Conduit HoldingsLSE:CRE +1.41%75 Pretax Margin % is 31.06% as of Dec. 2025, which is 7123% above its 10-year median of 0.43. GuruFocus rates LSE:CRE with a GF Score™ of 75/100 and a GF Value™ of £7.05 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 501 Insurance companies, Conduit Holdings ranks better than 56.49% 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.
Conduit Holdings Pretax Margin % Related Terms
Conduit Holdings Pretax Margin % Historical Data
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The historical data trend for Conduit Holdings'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.
LSE:CRE vs RGA, EG, RNR: Pretax Margin % Comparison
For the Insurance - Reinsurance subindustry, Conduit Holdings'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.
Conduit Holdings Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Conduit Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Conduit Holdings'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.
Conduit Holdings (LSE:CRE) has a Pretax Margin % of 31.06% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Conduit Holdings and its competitors. This is 7123% above median its historical median of 0.43. According to the industry distribution chart, Conduit Holdings ranks #218 out of 501 companies in the Insurance industry, placing it in the top 43.5%.
Is Conduit Holdings' Pretax Margin % too high?
Conduit Holdings' current Pretax Margin % of 31.06% is 7123% above median its 10-year median of 0.43. The Insurance industry median Pretax Margin % is 12.04. Conduit Holdings' value of 31.06% is 158% above this industry median. Based on the distribution chart, Conduit Holdings ranks #218 out of 501 companies in the Insurance industry, which is above the industry midpoint. Overall, Conduit Holdings has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Conduit Holdings' Pretax Margin % compare to RGA and EG?
According to the Insurance industry distribution chart, Conduit Holdings ranks #218 out of 501 companies for Pretax Margin %. This puts Conduit Holdings in the upper half of its industry. The industry median Pretax Margin % is 12.04. Conduit Holdings' value of 31.06% is 158% above this benchmark. While the company's 10-year median is 0.43 vs. the industry median of 12.04, Conduit Holdings 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 an Insurance company?
The median Pretax Margin % among Insurance companies is 12.04, based on 501 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. Conduit Holdings's current Pretax Margin % of 31.06% is 158% 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 Conduit Holdings and its competitors. For the Insurance industry, the median Pretax Margin % is 12.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conduit Holdings's current Pretax Margin % is 31.06%, which is 7123% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conduit Holdings stock overvalued right now?
Based on GuruFocus' analysis, Conduit Holdings (LSE:CRE) is currently considered Significantly Undervalued. The stock's GF Value™ is £7.05, compared to a current price of £4.67 — trading 33.8% below its estimated fair value. The current Pretax Margin % is 31.06%, which is 7123% above median its 10-year median of 0.43 and 158% above the Insurance industry median of 12.04. Conduit Holdings' overall GF Score™ is 75/100 with 8 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 Conduit Holdings (LSE:CRE), the current Pretax Margin % is 31.06% as of Dec. 2025. 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 Conduit Holdings (LSE:CRE) Overvalued in 2026?
Based on GuruFocus' analysis, Conduit Holdings stock appears to be undervalued.
The current stock price of £4.67 is trading 33.8% below its estimated GF Value™ of £7.05.
GuruFocus considers Conduit Holdings to be Significantly Undervalued.
Key valuation signals for LSE:CRE:
Pretax Margin %: 31.06% (7123% above median its 10-year median of 0.43)
GF Value™: £7.05 vs. price of £4.67 (33.8% below fair value)
Industry Position: 158% above the Insurance median (#218 of 501)
No single metric tells the full story. See the LSE:CRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conduit Holdings Ltd operates in the insurance industry, engaged in providing reinsurance products and services to its clients around the world. It operates in three segments: property, casualty, and specialty. The majority is from the property division. Geographically, the majority is from the United States and also has its presence in Europe and other countries across the globe.
75GF Score
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