MIC:MAGN's Pretax Margin % is not ranked *
in the Steel industry.
Industry Median: 2.58 * Ranked among companies with meaningful Pretax Margin % only.
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) 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.
Magnitogorsk Iron & Steel Works PJSC Pretax Margin % Related Terms
Magnitogorsk Iron & Steel Works PJSC Pretax Margin % Historical Data
* 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.
Magnitogorsk Iron & Steel Works PJSC Pretax Margin % Chart
MIC:MAGN vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.
Magnitogorsk Iron & Steel Works PJSC Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC'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.
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Pretax Margin % of 19.55% as of Dec. 2023. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors.
Is Magnitogorsk Iron & Steel Works PJSC's Pretax Margin % too high?
Magnitogorsk Iron & Steel Works PJSC's current Pretax Margin % is 19.55%. The Steel industry median Pretax Margin % is 2.58. Magnitogorsk Iron & Steel Works PJSC's value of 19.55% is 657.8% above this industry median. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Pretax Margin % compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Pretax Margin % of 19.55% can be compared against companies in the Steel industry. The industry median Pretax Margin % is 2.58. Magnitogorsk Iron & Steel Works PJSC's value of 19.55% is 657.8% above this benchmark. 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 2.58, based on 611 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. Magnitogorsk Iron & Steel Works PJSC's current Pretax Margin % of 19.55% is 657.8% 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 Magnitogorsk Iron & Steel Works PJSC and its competitors. For the Steel industry, the median Pretax Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnitogorsk Iron & Steel Works PJSC's current Pretax Margin % is 19.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Pretax Margin % of 19.55%. The current Pretax Margin % is 19.55% and 657.8% above the Steel industry median of 2.58. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Pretax Margin % is 19.55% as of Dec. 2023. 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.
Magnitogorsk Iron & Steel Works PJSC Business Description
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
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