Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ocado Group's Pre-Tax Income for the
six
months ended in Nov. 2025 was £-205 Mil. Ocado Group's Revenue for the
six
months ended in Nov. 2025 was £708 Mil. Therefore, Ocado Group's pretax margin for the quarter that ended in Nov. 2025 was -28.90%.
The historical rank and industry rank for Ocado Group's Pretax Margin % or its related term are showing as below:
LSE:OCDO'
s Pretax Margin % Range Over the Past 10 Years
Min: -27.98 Med: -9.65 Max: 0.95
Current: -27.33
LSE:OCDO's Pretax Margin % is ranked worse than 95.13% of 308
companies
in the Retail - Defensive industry
Industry Median: 3.015
vs LSE:OCDO: -27.33
Ocado Group (LSE:OCDO) 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.
Ocado Group Pretax Margin % Related Terms
Ocado Group Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Ocado Group'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 Grocery Stores subindustry, Ocado Group'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.
Ocado Group Pretax Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Ocado Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ocado Group'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.
Ocado Group (LSE:OCDO) has a Pretax Margin % of -28.90% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ocado Group and its competitors. According to the industry distribution chart, Ocado Group ranks #293 out of 308 companies in the Retail - Defensive industry, placing it in the top 95.1%.
Is Ocado Group's Pretax Margin % too high?
Ocado Group's current Pretax Margin % is -28.90%. Based on the distribution chart, Ocado Group ranks #293 out of 308 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Ocado Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocado Group's Pretax Margin % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Ocado Group ranks #293 out of 308 companies for Pretax Margin %. This places Ocado Group in the lower half of its industry. The industry median Pretax Margin % is 3.02. 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 Retail - Defensive company?
The median Pretax Margin % among Retail - Defensive companies is 3.02, based on 308 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. 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 Ocado Group and its competitors. For the Retail - Defensive industry, the median Pretax Margin % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocado Group's current Pretax Margin % is -28.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocado Group stock overvalued right now?
Based on GuruFocus' analysis, Ocado Group (LSE:OCDO) is currently considered Possible Value Trap. The stock's GF Value™ is £3.35, compared to a current price of £1.79 — trading 46.5% below its estimated fair value. The current Pretax Margin % is -28.90%. Ocado Group's overall GF Score™ is 50/100 with 6 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 Ocado Group (LSE:OCDO), the current Pretax Margin % is -28.90% as of Nov. 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 Ocado Group (LSE:OCDO) Overvalued in 2026?
Based on GuruFocus' analysis, Ocado Group stock appears to be undervalued.
The current stock price of £1.79 is trading 46.5% below its estimated GF Value™ of £3.35.
GuruFocus considers Ocado Group to be Possible Value Trap.
Key valuation signals for LSE:OCDO:
Pretax Margin %: -28.90%
GF Value™: £3.35 vs. price of £1.79 (46.5% below fair value)
No single metric tells the full story. See the LSE:OCDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer.
50GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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