Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Magnit PJSC's Pre-Tax Income for the
six
months ended in Jun. 2023 was ₽42,972 Mil. Magnit PJSC's Revenue for the
six
months ended in Jun. 2023 was ₽1,229,456 Mil. Therefore, Magnit PJSC's pretax margin for the quarter that ended in Jun. 2023 was 3.50%.
The historical rank and industry rank for Magnit PJSC's Pretax Margin % or its related term are showing as below:
MIC:MGNT's Pretax Margin % is not ranked *
in the Retail - Defensive industry.
Industry Median: 3.015 * Ranked among companies with meaningful Pretax Margin % only.
Magnit PJSC (MIC:MGNT) 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.
Magnit PJSC Pretax Margin % Related Terms
Magnit PJSC Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Magnit PJSC'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.
MIC:MGNT vs WMT, COST, TGT: Pretax Margin % Comparison
For the Discount Stores subindustry, Magnit 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.
Magnit PJSC Pretax Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Magnit 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.
Magnit PJSC (MIC:MGNT) has a Pretax Margin % of 3.50% as of Jun. 2023. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Pretax Margin % too high?
Magnit PJSC's current Pretax Margin % is 3.50%. The Retail - Defensive industry median Pretax Margin % is 3.02. Magnit PJSC's value of 3.50% is 16.1% above this industry median. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Pretax Margin % compare to WMT and COST?
Magnit PJSC's Pretax Margin % of 3.50% can be compared against companies in the Retail - Defensive industry. The industry median Pretax Margin % is 3.02. Magnit PJSC's value of 3.50% is 16.1% 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 Retail - Defensive company?
The median Pretax Margin % among Retail - Defensive companies is 3.02, based on 308 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. Magnit PJSC's current Pretax Margin % of 3.50% is 16.1% 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 Magnit PJSC and its competitors. For the Retail - Defensive industry, the median Pretax Margin % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnit PJSC's current Pretax Margin % is 3.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Pretax Margin % of 3.50%. The current Pretax Margin % is 3.50% and 16.1% above the Retail - Defensive industry median of 3.02. Magnit 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 Magnit PJSC (MIC:MGNT), the current Pretax Margin % is 3.50% as of Jun. 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.
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
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