KeyenceMEX:KEYN 100 Pretax Margin % is 57.41% as of Mar. 2026, which is 5% above its 10-year median of 54.43. GuruFocus rates MEX:KEYN with a GF Score™ of 100/100 and a GF Value™ of MXN8,912.52 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,471 Hardware companies, Keyence ranks better than 98.87% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Keyence's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN21,835 Mil. Keyence's Revenue for the
three
months ended in Mar. 2026 was MXN38,033 Mil. Therefore, Keyence's pretax margin for the quarter that ended in Mar. 2026 was 57.41%.
The historical rank and industry rank for Keyence's Pretax Margin % or its related term are showing as below:
MEX:KEYN'
s Pretax Margin % Range Over the Past 10 Years
Min: 50.78 Med: 54.43 Max: 57.1
Current: 54.37
MEX:KEYN's Pretax Margin % is ranked better than 98.87% of 2471
companies
in the Hardware industry
Industry Median: 3.58
vs MEX:KEYN: 54.37
Keyence (MEX:KEYN) 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.
Keyence Pretax Margin % Related Terms
Keyence Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Keyence'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:KEYN vs COHR, KEYS, GRMN: Pretax Margin % Comparison
For the Scientific & Technical Instruments subindustry, Keyence'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.
Keyence Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Keyence's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Keyence'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.
Keyence (MEX:KEYN) has a Pretax Margin % of 57.41% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Keyence and its competitors. This is near median its historical median of 54.43. Over the past decade, Keyence's Pretax Margin % has ranged from 50.78 to 57.10. According to the industry distribution chart, Keyence ranks #28 out of 2471 companies in the Hardware industry, placing it in the top 1.1%.
Is Keyence's Pretax Margin % too high?
Keyence's current Pretax Margin % of 57.41% is near median its 10-year median of 54.43. Over the past 10 years, this metric has ranged from a low of 50.78 to a high of 57.10. The Hardware industry median Pretax Margin % is 3.58. Keyence's value of 57.41% is 1503.6% above this industry median. Based on the distribution chart, Keyence ranks #28 out of 2471 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Keyence has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Keyence's Pretax Margin % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Keyence ranks #28 out of 2471 companies for Pretax Margin %. This places Keyence in the top 1% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. Keyence's value of 57.41% is 1503.6% above this benchmark. Historically, Keyence's own Pretax Margin % has ranged from 50.78 to 57.10 over the past decade. While the company's 10-year median is 54.43 vs. the industry median of 3.58, Keyence 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 Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,471 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. Keyence's current Pretax Margin % of 57.41% is 1503.6% 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 Keyence and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keyence's current Pretax Margin % is 57.41%, which is near median its own 10-year median of 54.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyence stock overvalued right now?
Based on GuruFocus' analysis, Keyence (MEX:KEYN) is currently considered Fairly Valued. The stock's GF Value™ is MXN8,912.52, compared to a current price of MXN8,631.00 — trading 3.2% below its estimated fair value. The current Pretax Margin % is 57.41%, which is near median its 10-year median of 54.43 and 1503.6% above the Hardware industry median of 3.58. Keyence's overall GF Score™ is 100/100 with 4 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 Keyence (MEX:KEYN), the current Pretax Margin % is 57.41% 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 Keyence (MEX:KEYN) Overvalued in 2026?
Based on GuruFocus' analysis, Keyence stock appears to be undervalued.
The current stock price of MXN8,631.00 is trading 3.2% below its estimated GF Value™ of MXN8,912.52.
GuruFocus considers Keyence to be Fairly Valued.
Key valuation signals for MEX:KEYN:
Pretax Margin %: 57.41% (near median its 10-year median of 54.43)
GF Value™: MXN8,912.52 vs. price of MXN8,631.00 (3.2% below fair value)
Industry Position: 1503.6% above the Hardware median (#28 of 2471)
No single metric tells the full story. See the MEX:KEYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keyence Corporation, founded in May 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, began as Lead Electric Co., Ltd. before rebranding to Keyence (derived from "KEY of sciENCE") in 1986. As a global leader in industrial automation, the company designs and manufactures a comprehensive range of high-precision products, including sensors (photoelectric, laser, proximity), machine vision systems, measurement instruments (laser displacement sensors, 3D scanners), control systems (PLCs, HMIs), laser markers, digital microscopes, and safety equipment.
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