Vipshop HoldingsMEX:VIPS N 69 Pretax Margin % is 10.09% as of Mar. 2026, which is 65% above its 10-year median of 6.11. GuruFocus rates MEX:VIPS N with a GF Score™ of 69/100 and a GF Value™ of MXN302.85 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,121 Retail - Cyclical companies, Vipshop Holdings ranks better than 73.86% on this metric.
The historical rank and industry rank for Vipshop Holdings's Pretax Margin % or its related term are showing as below:
MEX:VIPS N'
s Pretax Margin % Range Over the Past 10 Years
Min: 3.25 Med: 6.11 Max: 9.21
Current: 8.64
MEX:VIPS N's Pretax Margin % is ranked better than 73.86% of 1121
companies
in the Retail - Cyclical industry
Industry Median: 3.13
vs MEX:VIPS N: 8.64
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.
Vipshop Holdings Pretax Margin % Related Terms
Vipshop Holdings Pretax Margin % Historical Data
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The historical data trend for Vipshop 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:VIPS N vs GLBE, ETSY, CHWY: Pretax Margin % Comparison
For the Internet Retail subindustry, Vipshop 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.
Vipshop Holdings Pretax Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Vipshop 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.
Vipshop Holdings (MEX:VIPS N) has a Pretax Margin % of 10.09% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Vipshop Holdings and its competitors. This is 65% above median its historical median of 6.11. Over the past decade, Vipshop Holdings' Pretax Margin % has ranged from 3.25 to 9.21. According to the industry distribution chart, Vipshop Holdings ranks #293 out of 1121 companies in the Retail - Cyclical industry, placing it in the top 26.1%.
Is Vipshop Holdings' Pretax Margin % too high?
Vipshop Holdings' current Pretax Margin % of 10.09% is 65% above median its 10-year median of 6.11. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 9.21. The Retail - Cyclical industry median Pretax Margin % is 3.13. Vipshop Holdings' value of 10.09% is 222.4% above this industry median. Based on the distribution chart, Vipshop Holdings ranks #293 out of 1121 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Vipshop Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vipshop Holdings' Pretax Margin % compare to GLBE and ETSY?
According to the Retail - Cyclical industry distribution chart, Vipshop Holdings ranks #293 out of 1121 companies for Pretax Margin %. This puts Vipshop Holdings in the upper half of its industry. The industry median Pretax Margin % is 3.13. Vipshop Holdings' value of 10.09% is 222.4% above this benchmark. Historically, Vipshop Holdings' own Pretax Margin % has ranged from 3.25 to 9.21 over the past decade. While the company's 10-year median is 6.11 vs. the industry median of 3.13, Vipshop Holdings 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 Retail - Cyclical company?
The median Pretax Margin % among Retail - Cyclical companies is 3.13, based on 1,121 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. Vipshop Holdings's current Pretax Margin % of 10.09% is 222.4% 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 Vipshop Holdings and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vipshop Holdings's current Pretax Margin % is 10.09%, which is 65% above median its own 10-year median of 6.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vipshop Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vipshop Holdings (MEX:VIPS N) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN302.85, compared to a current price of MXN235.00 — trading 22.4% below its estimated fair value. The current Pretax Margin % is 10.09%, which is 65% above median its 10-year median of 6.11 and 222.4% above the Retail - Cyclical industry median of 3.13. Vipshop Holdings' overall GF Score™ is 69/100 with 2 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 Vipshop Holdings (MEX:VIPS N), the current Pretax Margin % is 10.09% 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 Vipshop Holdings (MEX:VIPS N) Overvalued in 2026?
Based on GuruFocus' analysis, Vipshop Holdings stock appears to be undervalued.
The current stock price of MXN235.00 is trading 22.4% below its estimated GF Value™ of MXN302.85.
GuruFocus considers Vipshop Holdings to be Modestly Undervalued.
Key valuation signals for MEX:VIPS N:
Pretax Margin %: 10.09% (65% above median its 10-year median of 6.11)
GF Value™: MXN302.85 vs. price of MXN235.00 (22.4% below fair value)
Industry Position: 222.4% above the Retail - Cyclical median (#293 of 1121)
No single metric tells the full story. See the MEX:VIPS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts of 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurement, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with global brand partners. As of March 31, 2025, Eric Ya Shen, chair and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds a 12.5% interest.
69GF Score
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