Heineken Holding NVLTS:0NBD +0.07%79 Pretax Margin % is 12.15% as of Dec. 2025, which is 0% above its 10-year median of 12.13. GuruFocus rates LTS:0NBD with a GF Score™ of 79/100 and a GF Value™ of €71.54 (Fairly Valued). The stock has 7 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Heineken Holding NV ranks better than 59.24% on this metric.
The historical rank and industry rank for Heineken Holding NV's Pretax Margin % or its related term are showing as below:
LTS:0NBD'
s Pretax Margin % Range Over the Past 10 Years
Min: 0.8 Med: 12.13 Max: 19.75
Current: 10.42
LTS:0NBD's Pretax Margin % is ranked better than 59.24% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 5.99
vs LTS:0NBD: 10.42
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.
Heineken Holding NV Pretax Margin % Related Terms
Heineken Holding NV Pretax Margin % Historical Data
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The historical data trend for Heineken Holding NV'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.
LTS:0NBD vs BUD, STZ, TAP: Pretax Margin % Comparison
For the Beverages - Brewers subindustry, Heineken Holding NV'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.
Heineken Holding NV Pretax Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Holding NV's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Heineken Holding NV'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.
Heineken Holding NV (LTS:0NBD) has a Pretax Margin % of 12.15% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Heineken Holding NV and its competitors. This is near median its historical median of 12.13. Over the past decade, Heineken Holding NV's Pretax Margin % has ranged from 0.80 to 19.75. According to the industry distribution chart, Heineken Holding NV ranks #86 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 40.8%.
Is Heineken Holding NV's Pretax Margin % too high?
Heineken Holding NV's current Pretax Margin % of 12.15% is near median its 10-year median of 12.13. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 19.75. The Beverages - Alcoholic industry median Pretax Margin % is 5.99. Heineken Holding NV's value of 12.15% is 102.8% above this industry median. Based on the distribution chart, Heineken Holding NV ranks #86 out of 211 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Heineken Holding NV has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken Holding NV's Pretax Margin % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Heineken Holding NV ranks #86 out of 211 companies for Pretax Margin %. This puts Heineken Holding NV in the upper half of its industry. The industry median Pretax Margin % is 5.99. Heineken Holding NV's value of 12.15% is 102.8% above this benchmark. Historically, Heineken Holding NV's own Pretax Margin % has ranged from 0.80 to 19.75 over the past decade. While the company's 10-year median is 12.13 vs. the industry median of 5.99, Heineken Holding NV 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 Beverages - Alcoholic company?
The median Pretax Margin % among Beverages - Alcoholic companies is 5.99, based on 211 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. Heineken Holding NV's current Pretax Margin % of 12.15% is 102.8% 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 Heineken Holding NV and its competitors. For the Beverages - Alcoholic industry, the median Pretax Margin % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken Holding NV's current Pretax Margin % is 12.15%, which is near median its own 10-year median of 12.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken Holding NV (LTS:0NBD) is currently considered Fairly Valued. The stock's GF Value™ is €71.54, compared to a current price of €69.05 — trading 3.5% below its estimated fair value. The current Pretax Margin % is 12.15%, which is near median its 10-year median of 12.13 and 102.8% above the Beverages - Alcoholic industry median of 5.99. Heineken Holding NV's overall GF Score™ is 79/100 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 Heineken Holding NV (LTS:0NBD), the current Pretax Margin % is 12.15% 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 Heineken Holding NV (LTS:0NBD) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken Holding NV stock appears to be undervalued.
The current stock price of €69.05 is trading 3.5% below its estimated GF Value™ of €71.54.
GuruFocus considers Heineken Holding NV to be Fairly Valued.
Key valuation signals for LTS:0NBD:
Pretax Margin %: 12.15% (near median its 10-year median of 12.13)
GF Value™: €71.54 vs. price of €69.05 (3.5% below fair value)
Industry Position: 102.8% above the Beverages - Alcoholic median (#86 of 211)
No single metric tells the full story. See the LTS:0NBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken Holding NV, through its subsidiary, is involved in the brewing and selling of beer and cider. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. The company has five reportable segments: Europe, Americas, Africa & Middle East, Asia Pacific and Heineken N.V. Head Office & Other/Eliminations. The majority of the revenue is generated from the Europe segment.
79GF Score
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