Kinross GoldMEX:KGCN -18.54%83 Pretax Margin % is 54.87% as of Mar. 2026, which is 273% above its 10-year median of 14.70. GuruFocus rates MEX:KGCN with a GF Score™ of 83/100 and a GF Value™ of MXN282.64 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 843 Metals & Mining companies, Kinross Gold ranks better than 89.92% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Kinross Gold's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN23,825 Mil. Kinross Gold's Revenue for the
three
months ended in Mar. 2026 was MXN43,417 Mil. Therefore, Kinross Gold's pretax margin for the quarter that ended in Mar. 2026 was 54.87%.
The historical rank and industry rank for Kinross Gold's Pretax Margin % or its related term are showing as below:
MEX:KGCN'
s Pretax Margin % Range Over the Past 10 Years
Min: -1.71 Med: 14.7 Max: 50.12
Current: 50.12
MEX:KGCN's Pretax Margin % is ranked better than 89.92% of 843
companies
in the Metals & Mining industry
Industry Median: 4.83
vs MEX:KGCN: 50.12
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.
Kinross Gold Pretax Margin % Related Terms
Kinross Gold Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Kinross Gold'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:KGCN vs NEM, AU, CDE: Pretax Margin % Comparison
For the Gold subindustry, Kinross Gold'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.
Kinross Gold Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Kinross Gold'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.
Kinross Gold (MEX:KGCN) has a Pretax Margin % of 54.87% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Kinross Gold and its competitors. This is 273% above median its historical median of 14.70. According to the industry distribution chart, Kinross Gold ranks #85 out of 843 companies in the Metals & Mining industry, placing it in the top 10.1%.
Is Kinross Gold's Pretax Margin % too high?
Kinross Gold's current Pretax Margin % of 54.87% is 273% above median its 10-year median of 14.70. The Metals & Mining industry median Pretax Margin % is 4.83. Kinross Gold's value of 54.87% is 1036% above this industry median. Based on the distribution chart, Kinross Gold ranks #85 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Pretax Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #85 out of 843 companies for Pretax Margin %. This places Kinross Gold in the top 10% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. Kinross Gold's value of 54.87% is 1036% above this benchmark. While the company's 10-year median is 14.70 vs. the industry median of 4.83, Kinross Gold 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 Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.83, based on 843 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. Kinross Gold's current Pretax Margin % of 54.87% is 1036% 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 Kinross Gold and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinross Gold's current Pretax Margin % is 54.87%, which is 273% above median its own 10-year median of 14.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (MEX:KGCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN282.64, compared to a current price of MXN413.00 — trading 46.1% above its estimated fair value. The current Pretax Margin % is 54.87%, which is 273% above median its 10-year median of 14.70 and 1036% above the Metals & Mining industry median of 4.83. Kinross Gold's overall GF Score™ is 83/100 with 1 warning sign 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 Kinross Gold (MEX:KGCN), the current Pretax Margin % is 54.87% 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 Kinross Gold (MEX:KGCN) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of MXN413.00 is trading 46.1% above its estimated GF Value™ of MXN282.64.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for MEX:KGCN:
Pretax Margin %: 54.87% (273% above median its 10-year median of 14.70)
GF Value™: MXN282.64 vs. price of MXN413.00 (46.1% above fair value)
Industry Position: 1036% above the Metals & Mining median (#85 of 843)
No single metric tells the full story. See the MEX:KGCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score
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