ENAV SpAMIL:ENAV -0.19%81 Pretax Margin % is -11.60% as of Mar. 2026. GuruFocus rates MIL:ENAV with a GF Score™ of 81/100 and a GF Value™ of €4.12 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,005 Transportation companies, ENAV SpA ranks better than 70.15% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. ENAV SpA's Pre-Tax Income for the
three
months ended in Mar. 2026 was €-21.8 Mil. ENAV SpA's Revenue for the
three
months ended in Mar. 2026 was €187.7 Mil. Therefore, ENAV SpA's pretax margin for the quarter that ended in Mar. 2026 was -11.60%.
The historical rank and industry rank for ENAV SpA's Pretax Margin % or its related term are showing as below:
MIL:ENAV'
s Pretax Margin % Range Over the Past 10 Years
Min: 8.82 Med: 16.52 Max: 19.13
Current: 13.96
MIL:ENAV's Pretax Margin % is ranked better than 70.15% of 1005
companies
in the Transportation industry
Industry Median: 6.75
vs MIL:ENAV: 13.96
ENAV SpA (MIL:ENAV) 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.
ENAV SpA Pretax Margin % Related Terms
ENAV SpA Pretax Margin % Historical Data
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The historical data trend for ENAV SpA'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 Airports & Air Services subindustry, ENAV SpA'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.
ENAV SpA Pretax Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, ENAV SpA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ENAV SpA'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.
ENAV SpA (MIL:ENAV) has a Pretax Margin % of -11.60% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ENAV SpA and its competitors. Over the past decade, ENAV SpA's Pretax Margin % has ranged from 8.82 to 19.13. According to the industry distribution chart, ENAV SpA ranks #300 out of 1005 companies in the Transportation industry, placing it in the top 29.9%.
Is ENAV SpA's Pretax Margin % too high?
ENAV SpA's current Pretax Margin % is -11.60%. Over the past 10 years, this metric has ranged from a low of 8.82 to a high of 19.13. Based on the distribution chart, ENAV SpA ranks #300 out of 1005 companies in the Transportation industry, which is above the industry midpoint. Overall, ENAV SpA has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ENAV SpA's Pretax Margin % compare to JOBY?
According to the Transportation industry distribution chart, ENAV SpA ranks #300 out of 1005 companies for Pretax Margin %. This puts ENAV SpA in the upper half of its industry. The industry median Pretax Margin % is 6.75. Historically, ENAV SpA's own Pretax Margin % has ranged from 8.82 to 19.13 over the past decade. 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 Transportation company?
The median Pretax Margin % among Transportation companies is 6.75, based on 1,005 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. 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 ENAV SpA and its competitors. For the Transportation industry, the median Pretax Margin % is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENAV SpA's current Pretax Margin % is -11.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENAV SpA stock overvalued right now?
Based on GuruFocus' analysis, ENAV SpA (MIL:ENAV) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.12, compared to a current price of €5.21 — trading 26.5% above its estimated fair value. The current Pretax Margin % is -11.60%. ENAV SpA's overall GF Score™ is 81/100 with 5 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 ENAV SpA (MIL:ENAV), the current Pretax Margin % is -11.60% 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 ENAV SpA (MIL:ENAV) Overvalued in 2026?
Based on GuruFocus' analysis, ENAV SpA stock appears to be overvalued.
The current stock price of €5.21 is trading 26.5% above its estimated GF Value™ of €4.12.
GuruFocus considers ENAV SpA to be Modestly Overvalued.
Key valuation signals for MIL:ENAV:
Pretax Margin %: -11.60%
GF Value™: €4.12 vs. price of €5.21 (26.5% above fair value)
No single metric tells the full story. See the MIL:ENAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENAV SpA is an Italy-based company engaged in providing air navigation and air traffic management services. The Group operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions Services. The Air Navigation segment provides air traffic control and related services across Italian airspace and airports. The Maintenance segment focuses on the management and maintenance of air traffic control systems and infrastructure. The AIM Software Solutions segment develops software solutions for aeronautical information and air traffic management, along with related commercial and support services. It generates the majority of its revenue from the Flight assistance services segment.
81GF Score
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