Grand Harbour MarinaMAL:GHM 49 Pretax Margin % is 46.55% as of Dec. 2025, which is 177% above its 10-year median of 16.83. GuruFocus rates MAL:GHM with a GF Score™ of 49/100 and a GF Value™ of €0.80 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 844 Travel & Leisure companies, Grand Harbour Marina ranks better than 96.45% on this metric.
The historical rank and industry rank for Grand Harbour Marina's Pretax Margin % or its related term are showing as below:
MAL:GHM'
s Pretax Margin % Range Over the Past 10 Years
Min: -13.56 Med: 16.83 Max: 77.65
Current: 55.47
MAL:GHM's Pretax Margin % is ranked better than 96.45% of 844
companies
in the Travel & Leisure industry
Industry Median: 6.22
vs MAL:GHM: 55.47
Grand Harbour Marina (MAL:GHM) 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.
Grand Harbour Marina Pretax Margin % Related Terms
Grand Harbour Marina Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Grand Harbour Marina'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.
MAL:GHM vs AS, HAS, LTH: Pretax Margin % Comparison
For the Leisure subindustry, Grand Harbour Marina'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.
Grand Harbour Marina Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Grand Harbour Marina'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.
Grand Harbour Marina (MAL:GHM) has a Pretax Margin % of 46.55% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Grand Harbour Marina and its competitors. This is 177% above median its historical median of 16.83. According to the industry distribution chart, Grand Harbour Marina ranks #30 out of 844 companies in the Travel & Leisure industry, placing it in the top 3.6%.
Is Grand Harbour Marina's Pretax Margin % too high?
Grand Harbour Marina's current Pretax Margin % of 46.55% is 177% above median its 10-year median of 16.83. The Travel & Leisure industry median Pretax Margin % is 6.22. Grand Harbour Marina's value of 46.55% is 648.4% above this industry median. Based on the distribution chart, Grand Harbour Marina ranks #30 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Grand Harbour Marina has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Harbour Marina's Pretax Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Grand Harbour Marina ranks #30 out of 844 companies for Pretax Margin %. This places Grand Harbour Marina in the top 4% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.22. Grand Harbour Marina's value of 46.55% is 648.4% above this benchmark. While the company's 10-year median is 16.83 vs. the industry median of 6.22, Grand Harbour Marina 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 Travel & Leisure company?
The median Pretax Margin % among Travel & Leisure companies is 6.22, based on 844 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. Grand Harbour Marina's current Pretax Margin % of 46.55% is 648.4% 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 Grand Harbour Marina and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Harbour Marina's current Pretax Margin % is 46.55%, which is 177% above median its own 10-year median of 16.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Harbour Marina stock overvalued right now?
Based on GuruFocus' analysis, Grand Harbour Marina (MAL:GHM) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.80, compared to a current price of €0.95 — trading 18.8% above its estimated fair value. The current Pretax Margin % is 46.55%, which is 177% above median its 10-year median of 16.83 and 648.4% above the Travel & Leisure industry median of 6.22. Grand Harbour Marina's overall GF Score™ is 49/100 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 Grand Harbour Marina (MAL:GHM), the current Pretax Margin % is 46.55% 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 Grand Harbour Marina (MAL:GHM) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Harbour Marina stock appears to be overvalued.
The current stock price of €0.95 is trading 18.8% above its estimated GF Value™ of €0.80.
GuruFocus considers Grand Harbour Marina to be Modestly Overvalued.
Key valuation signals for MAL:GHM:
Pretax Margin %: 46.55% (177% above median its 10-year median of 16.83)
GF Value™: €0.80 vs. price of €0.95 (18.8% above fair value)
Industry Position: 648.4% above the Travel & Leisure median (#30 of 844)
No single metric tells the full story. See the MAL:GHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are acquiring, developing, operating, and managing marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.
49GF Score
Get the complete analysis for MAL:GHM
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MAL:GHM has been successfully added to your 
