KE HoldingsMEX:BEKEN 70 Pretax Margin % is 9.70% as of Mar. 2026, which is 588% above its 10-year median of 1.41. GuruFocus rates MEX:BEKEN with a GF Score™ of 70/100 and a GF Value™ of MXN382.42. The stock has 5 warning signs investors should review. Among 1,754 Real Estate companies, KE Holdings ranks worse than 61.4% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. KE Holdings's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN4,793 Mil. KE Holdings's Revenue for the
three
months ended in Mar. 2026 was MXN49,430 Mil. Therefore, KE Holdings's pretax margin for the quarter that ended in Mar. 2026 was 9.70%.
The historical rank and industry rank for KE Holdings's Pretax Margin % or its related term are showing as below:
MEX:BEKEN'
s Pretax Margin % Range Over the Past 10 Years
Min: -2.77 Med: 1.41 Max: 10.14
Current: 5.7
MEX:BEKEN's Pretax Margin % is ranked worse than 61.4% of 1754
companies
in the Real Estate industry
Industry Median: 12.265
vs MEX:BEKEN: 5.70
KE Holdings (MEX:BEKEN) 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.
KE Holdings Pretax Margin % Related Terms
KE Holdings Pretax Margin % Historical Data
* Premium members only.
The historical data trend for KE 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.
MEX:BEKEN vs CSGP, JLL, COMP: Pretax Margin % Comparison
For the Real Estate Services subindustry, KE 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.
KE Holdings Pretax Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, KE Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where KE 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.
KE Holdings (MEX:BEKEN) has a Pretax Margin % of 9.70% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on KE Holdings and its competitors. This is 588% above median its historical median of 1.41. According to the industry distribution chart, KE Holdings ranks #1077 out of 1754 companies in the Real Estate industry, placing it in the top 61.4%.
Is KE Holdings' Pretax Margin % too high?
KE Holdings' current Pretax Margin % of 9.70% is 588% above median its 10-year median of 1.41. The Real Estate industry median Pretax Margin % is 12.27. KE Holdings' value of 9.70% is 20.9% below this industry median. Based on the distribution chart, KE Holdings ranks #1077 out of 1754 companies in the Real Estate industry, which is below the industry midpoint. Overall, KE Holdings has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does KE Holdings' Pretax Margin % compare to CSGP and JLL?
According to the Real Estate industry distribution chart, KE Holdings ranks #1077 out of 1754 companies for Pretax Margin %. This places KE Holdings in the lower half of its industry. The industry median Pretax Margin % is 12.27. KE Holdings' value of 9.70% is 20.9% below this benchmark. While the company's 10-year median is 1.41 vs. the industry median of 12.27, KE Holdings has consistently been below 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 Real Estate company?
The median Pretax Margin % among Real Estate companies is 12.27, based on 1,754 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. KE Holdings's current Pretax Margin % of 9.70% is 20.9% below 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 KE Holdings and its competitors. For the Real Estate industry, the median Pretax Margin % is 12.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KE Holdings's current Pretax Margin % is 9.70%, which is 588% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KE Holdings stock overvalued right now?
KE Holdings (MEX:BEKEN) has a current Pretax Margin % of 9.70%. The stock's GF Value™ is MXN382.42, compared to a current price of MXN291.00 — trading 23.9% below its estimated fair value. The current Pretax Margin % is 9.70%, which is 588% above median its 10-year median of 1.41 and 20.9% below the Real Estate industry median of 12.27. KE Holdings' overall GF Score™ is 70/100 with 5 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 KE Holdings (MEX:BEKEN), the current Pretax Margin % is 9.70% 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 KE Holdings (MEX:BEKEN) Overvalued in 2026?
Based on GuruFocus' analysis, KE Holdings stock appears to be undervalued.
The current stock price of MXN291.00 is trading 23.9% below its estimated GF Value™ of MXN382.42.
Key valuation signals for MEX:BEKEN:
Pretax Margin %: 9.70% (588% above median its 10-year median of 1.41)
GF Value™: MXN382.42 vs. price of MXN291.00 (23.9% below fair value)
Industry Position: 20.9% below the Real Estate median (#1077 of 1754)
No single metric tells the full story. See the MEX:BEKEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies, including franchise brand Deyou in other cities, with commissions charged on existing-home and new-home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As of the end of 2025, Beike's co-founders collectively control the company, while Tencent and its affiliates share 8% of voting power.
70GF Score
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