LondonMetric PropertyLSE:LMP +1.27%77 Pretax Margin % is 69.28% as of Mar. 2026, which is 20% below its 10-year median of 86.13. GuruFocus rates LSE:LMP with a GF Score™ of 77/100 and a GF Value™ of £2.24 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 927 REITs companies, LondonMetric Property ranks better than 60.73% 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.
LondonMetric Property Pretax Margin % Related Terms
LondonMetric Property Pretax Margin % Historical Data
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The historical data trend for LondonMetric Property'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:LMP vs PLD, PSA, EXR: Pretax Margin % Comparison
For the REIT - Industrial subindustry, LondonMetric Property'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.
LondonMetric Property Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, LondonMetric Property's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where LondonMetric Property'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.
LondonMetric Property (LSE:LMP) has a Pretax Margin % of 69.28% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on LondonMetric Property and its competitors. This is 20% below median its historical median of 86.13. According to the industry distribution chart, LondonMetric Property ranks #364 out of 927 companies in the REITs industry, placing it in the top 39.3%.
Is LondonMetric Property's Pretax Margin % too high?
LondonMetric Property's current Pretax Margin % of 69.28% is 20% below median its 10-year median of 86.13. The REITs industry median Pretax Margin % is 46.70. LondonMetric Property's value of 69.28% is 48.4% above this industry median. Based on the distribution chart, LondonMetric Property ranks #364 out of 927 companies in the REITs industry, which is above the industry midpoint. Overall, LondonMetric Property has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LondonMetric Property's Pretax Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, LondonMetric Property ranks #364 out of 927 companies for Pretax Margin %. This puts LondonMetric Property in the upper half of its industry. The industry median Pretax Margin % is 46.70. LondonMetric Property's value of 69.28% is 48.4% above this benchmark. While the company's 10-year median is 86.13 vs. the industry median of 46.70, LondonMetric Property 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 46.70, based on 927 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. LondonMetric Property's current Pretax Margin % of 69.28% is 48.4% 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 LondonMetric Property and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LondonMetric Property's current Pretax Margin % is 69.28%, which is 20% below median its own 10-year median of 86.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LondonMetric Property stock overvalued right now?
Based on GuruFocus' analysis, LondonMetric Property (LSE:LMP) is currently considered Modestly Undervalued. The stock's GF Value™ is £2.24, compared to a current price of £1.92 — trading 14.5% below its estimated fair value. The current Pretax Margin % is 69.28%, which is 20% below median its 10-year median of 86.13 and 48.4% above the REITs industry median of 46.70. LondonMetric Property's overall GF Score™ is 77/100 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 LondonMetric Property (LSE:LMP), the current Pretax Margin % is 69.28% 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 LondonMetric Property (LSE:LMP) Overvalued in 2026?
Based on GuruFocus' analysis, LondonMetric Property stock appears to be undervalued.
The current stock price of £1.92 is trading 14.5% below its estimated GF Value™ of £2.24.
GuruFocus considers LondonMetric Property to be Modestly Undervalued.
Key valuation signals for LSE:LMP:
Pretax Margin %: 69.28% (20% below median its 10-year median of 86.13)
GF Value™: £2.24 vs. price of £1.92 (14.5% below fair value)
Industry Position: 48.4% above the REITs median (#364 of 927)
No single metric tells the full story. See the LSE:LMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LondonMetric Property PLC is a real estate company that is engaged in property investment and development across the United Kingdom. The Group operates predominantly in the United Kingdom.
77GF Score
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