Seco SpAMIL:IOT +0.16%80 Pretax Margin % is 1.51% as of Mar. 2026, which is 82% below its 10-year median of 8.20. GuruFocus rates MIL:IOT with a GF Score™ of 80/100 and a GF Value™ of €3.06 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,476 Hardware companies, Seco SpA ranks worse than 59.57% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Seco SpA's Pre-Tax Income for the
three
months ended in Mar. 2026 was €0.7 Mil. Seco SpA's Revenue for the
three
months ended in Mar. 2026 was €49.0 Mil. Therefore, Seco SpA's pretax margin for the quarter that ended in Mar. 2026 was 1.51%.
The historical rank and industry rank for Seco SpA's Pretax Margin % or its related term are showing as below:
MIL:IOT'
s Pretax Margin % Range Over the Past 10 Years
Min: -8.98 Med: 8.2 Max: 12.13
Current: 1.75
MIL:IOT's Pretax Margin % is ranked worse than 59.57% of 2476
companies
in the Hardware industry
Industry Median: 3.58
vs MIL:IOT: 1.75
Seco SpA (MIL:IOT) 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.
Seco SpA Pretax Margin % Related Terms
Seco SpA Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Seco 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.
MIL:IOT vs SNDK, DELL, STX: Pretax Margin % Comparison
For the Computer Hardware subindustry, Seco 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.
Seco SpA Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Seco SpA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Seco 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.
Seco SpA (MIL:IOT) has a Pretax Margin % of 1.51% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Seco SpA and its competitors. This is 82% below median its historical median of 8.20. According to the industry distribution chart, Seco SpA ranks #1475 out of 2476 companies in the Hardware industry, placing it in the top 59.6%.
Is Seco SpA's Pretax Margin % too high?
Seco SpA's current Pretax Margin % of 1.51% is 82% below median its 10-year median of 8.20. The Hardware industry median Pretax Margin % is 3.58. Seco SpA's value of 1.51% is 57.8% below this industry median. Based on the distribution chart, Seco SpA ranks #1475 out of 2476 companies in the Hardware industry, which is below the industry midpoint. Overall, Seco SpA has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Seco SpA's Pretax Margin % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Seco SpA ranks #1475 out of 2476 companies for Pretax Margin %. This places Seco SpA in the lower half of its industry. The industry median Pretax Margin % is 3.58. Seco SpA's value of 1.51% is 57.8% below this benchmark. While the company's 10-year median is 8.20 vs. the industry median of 3.58, Seco SpA has consistently been below 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 Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,476 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. Seco SpA's current Pretax Margin % of 1.51% is 57.8% below 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 Seco SpA and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seco SpA's current Pretax Margin % is 1.51%, which is 82% below median its own 10-year median of 8.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seco SpA stock overvalued right now?
Based on GuruFocus' analysis, Seco SpA (MIL:IOT) is currently considered Fairly Valued. The stock's GF Value™ is €3.06, compared to a current price of €3.23 — trading 5.6% above its estimated fair value. The current Pretax Margin % is 1.51%, which is 82% below median its 10-year median of 8.20 and 57.8% below the Hardware industry median of 3.58. Seco SpA's overall GF Score™ is 80/100 with 7 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 Seco SpA (MIL:IOT), the current Pretax Margin % is 1.51% 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 Seco SpA (MIL:IOT) Overvalued in 2026?
Based on GuruFocus' analysis, Seco SpA stock appears to be overvalued.
The current stock price of €3.23 is trading 5.6% above its estimated GF Value™ of €3.06.
GuruFocus considers Seco SpA to be Fairly Valued.
Key valuation signals for MIL:IOT:
Pretax Margin %: 1.51% (82% below median its 10-year median of 8.20)
GF Value™: €3.06 vs. price of €3.23 (5.6% above fair value)
Industry Position: 57.8% below the Hardware median (#1475 of 2476)
No single metric tells the full story. See the MIL:IOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seco SpA is engaged in designing and developing embedded computing solutions and technologies for the digitization of industrial products, focusing on Edge Computing, Internet of Things (IoT), and Artificial Intelligence (AI). The group mainly serves industrial OEMs and system integrators through a business-to-business model, offering both hardware solutions-such as modules, single board computers, and HMI systems-and its proprietary Clea IoT-AI software platform for connectivity, device management, and AI deployment. The company operates through two segments: Seco and Seco NE.
80GF Score
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