GM Leather SpAMIL:GML 63 Pretax Margin % is -1.13% as of Dec. 2025. GuruFocus rates MIL:GML with a GF Score™ of 63/100 and a GF Value™ of €1.20 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,042 Manufacturing - Apparel & Accessories companies, GM Leather SpA ranks worse than 69% on this metric.
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.
GM Leather SpA Pretax Margin % Related Terms
GM Leather SpA Pretax Margin % Historical Data
* Premium members only.
The historical data trend for GM Leather 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 Textile Manufacturing subindustry, GM Leather 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.
GM Leather SpA Pretax Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GM Leather SpA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where GM Leather 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.
GM Leather SpA (MIL:GML) has a Pretax Margin % of -1.13% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on GM Leather SpA and its competitors. Over the past decade, GM Leather SpA's Pretax Margin % has ranged from 0.38 to 7.88. According to the industry distribution chart, GM Leather SpA ranks #719 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 69%.
Is GM Leather SpA's Pretax Margin % too high?
GM Leather SpA's current Pretax Margin % is -1.13%. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 7.88. Based on the distribution chart, GM Leather SpA ranks #719 out of 1042 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, GM Leather SpA has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GM Leather SpA's Pretax Margin % compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, GM Leather SpA ranks #719 out of 1042 companies for Pretax Margin %. This places GM Leather SpA in the lower half of its industry. The industry median Pretax Margin % is 3.53. Historically, GM Leather SpA's own Pretax Margin % has ranged from 0.38 to 7.88 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 Manufacturing - Apparel & Accessories company?
The median Pretax Margin % among Manufacturing - Apparel & Accessories companies is 3.53, based on 1,042 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 GM Leather SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Pretax Margin % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GM Leather SpA's current Pretax Margin % is -1.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GM Leather SpA stock overvalued right now?
Based on GuruFocus' analysis, GM Leather SpA (MIL:GML) is currently considered Possible Value Trap. The stock's GF Value™ is €1.20, compared to a current price of €0.69 — trading 42.9% below its estimated fair value. The current Pretax Margin % is -1.13%. GM Leather SpA's overall GF Score™ is 63/100 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 GM Leather SpA (MIL:GML), the current Pretax Margin % is -1.13% as of Dec. 2025. 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 GM Leather SpA (MIL:GML) Overvalued in 2026?
Based on GuruFocus' analysis, GM Leather SpA stock appears to be undervalued.
The current stock price of €0.69 is trading 42.9% below its estimated GF Value™ of €1.20.
GuruFocus considers GM Leather SpA to be Possible Value Trap.
Key valuation signals for MIL:GML:
Pretax Margin %: -1.13%
GF Value™: €1.20 vs. price of €0.69 (42.9% below fair value)
No single metric tells the full story. See the MIL:GML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.
63GF Score
Get the complete analysis for MIL:GML
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:GML has been successfully added to your 
