RelianceMEX:RS 88 Pretax Margin % is 8.68% as of Mar. 2026, which is 11% above its 10-year median of 7.81. GuruFocus rates MEX:RS with a GF Score™ of 88/100 and a GF Value™ of MXN4,789.44. The stock has 9 warning signs investors should review. Among 612 Steel companies, Reliance ranks better than 74.02% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Reliance's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN6,302 Mil. Reliance's Revenue for the
three
months ended in Mar. 2026 was MXN72,600 Mil. Therefore, Reliance's pretax margin for the quarter that ended in Mar. 2026 was 8.68%.
The historical rank and industry rank for Reliance's Pretax Margin % or its related term are showing as below:
MEX:RS'
s Pretax Margin % Range Over the Past 10 Years
Min: 4.98 Med: 7.81 Max: 14.28
Current: 7.12
MEX:RS's Pretax Margin % is ranked better than 74.02% of 612
companies
in the Steel industry
Industry Median: 2.57
vs MEX:RS: 7.12
Reliance (MEX:RS) 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.
Reliance Pretax Margin % Related Terms
Reliance Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Reliance'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.
For the Steel subindustry, Reliance'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.
Reliance Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Reliance's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Reliance'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.
Reliance (MEX:RS) has a Pretax Margin % of 8.68% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Reliance and its competitors. This is 11% above median its historical median of 7.81. Over the past decade, Reliance's Pretax Margin % has ranged from 4.98 to 14.28. According to the industry distribution chart, Reliance ranks #159 out of 612 companies in the Steel industry, placing it in the top 26%.
Is Reliance's Pretax Margin % too high?
Reliance's current Pretax Margin % of 8.68% is 11% above median its 10-year median of 7.81. Over the past 10 years, this metric has ranged from a low of 4.98 to a high of 14.28. The Steel industry median Pretax Margin % is 2.57. Reliance's value of 8.68% is 237.7% above this industry median. Based on the distribution chart, Reliance ranks #159 out of 612 companies in the Steel industry, which is above the industry midpoint. Overall, Reliance has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Reliance's Pretax Margin % compare to TX and CLF?
According to the Steel industry distribution chart, Reliance ranks #159 out of 612 companies for Pretax Margin %. This puts Reliance in the upper half of its industry. The industry median Pretax Margin % is 2.57. Reliance's value of 8.68% is 237.7% above this benchmark. Historically, Reliance's own Pretax Margin % has ranged from 4.98 to 14.28 over the past decade. While the company's 10-year median is 7.81 vs. the industry median of 2.57, Reliance 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 Steel company?
The median Pretax Margin % among Steel companies is 2.57, based on 612 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. Reliance's current Pretax Margin % of 8.68% is 237.7% 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 Reliance and its competitors. For the Steel industry, the median Pretax Margin % is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance's current Pretax Margin % is 8.68%, which is 11% above median its own 10-year median of 7.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance stock overvalued right now?
Reliance (MEX:RS) has a current Pretax Margin % of 8.68%. The stock's GF Value™ is MXN4,789.44, compared to a current price of MXN5,529.80 — trading 15.5% above its estimated fair value. The current Pretax Margin % is 8.68%, which is 11% above median its 10-year median of 7.81 and 237.7% above the Steel industry median of 2.57. Reliance's overall GF Score™ is 88/100 with 9 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 Reliance (MEX:RS), the current Pretax Margin % is 8.68% 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 Reliance (MEX:RS) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance stock appears to be overvalued.
The current stock price of MXN5,529.80 is trading 15.5% above its estimated GF Value™ of MXN4,789.44.
Key valuation signals for MEX:RS:
Pretax Margin %: 8.68% (11% above median its 10-year median of 7.81)
GF Value™: MXN4,789.44 vs. price of MXN5,529.80 (15.5% above fair value)
Industry Position: 237.7% above the Steel median (#159 of 612)
No single metric tells the full story. See the MEX:RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Inc operates a network of companies providing diversified metal solutions and is the metals service center company. It distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. The company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery and heavy industry. It also services the auto industry, through its toll processing operations where it processes customer-owned metal for a fee.
88GF Score
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