Vukile Property Fund (NAM:VKN) Pretax Margin %: 123.62% (As of Mar. 2026) — 94% Above Median


NAM:VKN Vukile Property Fund Ltd NAM:VKN
69 GF Score
Price N$24.90
GF Value N$21.21
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Vukile Property Fund Pretax Margin %?

Vukile Property Fund NAM:VKN 69 Pretax Margin % is 123.62% as of Mar. 2026, which is 94% above its 10-year median of 63.83. GuruFocus rates NAM:VKN with a GF Score™ of 69/100 and a GF Value™ of N$21.21 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 928 REITs companies, Vukile Property Fund ranks better than 88.79% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Vukile Property Fund's Pre-Tax Income for the six months ended in Mar. 2026 was N$3,521 Mil. Vukile Property Fund's Revenue for the six months ended in Mar. 2026 was N$2,848 Mil. Therefore, Vukile Property Fund's pretax margin for the quarter that ended in Mar. 2026 was 123.62%.

The historical rank and industry rank for Vukile Property Fund's Pretax Margin % or its related term are showing as below:

NAM:VKN' s Pretax Margin % Range Over the Past 10 Years
Min: 0.03   Med: 63.83   Max: 119.92
Current: 106.96


NAM:VKN's Pretax Margin % is ranked better than
88.79% of 928 companies
in the REITs industry
Industry Median: 46.675 vs NAM:VKN: 106.96

Vukile Property Fund  (NAM:VKN) 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.


Vukile Property Fund Pretax Margin % Related Terms


Vukile Property Fund Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Vukile Property Fund'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.

Vukile Property Fund Pretax Margin % Chart

Vukile Property Fund Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.30 56.76 41.28 73.16 106.96

Vukile Property Fund Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.93 60.52 84.28 90.22 123.62

NAM:VKN vs SPG, O, KIM: Pretax Margin % Comparison

For the REIT - Retail subindustry, Vukile Property Fund'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.


Vukile Property Fund Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Vukile Property Fund's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Vukile Property Fund's Pretax Margin % falls into.


NAM:VKN
69GF Score
Vukile Property Fund Ltd NAM:VKN
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vukile Property Fund Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Vukile Property Fund's Pretax Margin for the fiscal year that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=6078.438/5682.973
=106.96 %

Vukile Property Fund's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3521.1/2848.322
=123.62 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 123.62% mean?
Vukile Property Fund (NAM:VKN) has a Pretax Margin % of 123.62% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Vukile Property Fund and its competitors. This is 94% above median its historical median of 63.83. Over the past decade, Vukile Property Fund's Pretax Margin % has ranged from 0.03 to 119.92. According to the industry distribution chart, Vukile Property Fund ranks #104 out of 928 companies in the REITs industry, placing it in the top 11.2%.
Is Vukile Property Fund's Pretax Margin % too high?
Vukile Property Fund's current Pretax Margin % of 123.62% is 94% above median its 10-year median of 63.83. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 119.92. The REITs industry median Pretax Margin % is 46.68. Vukile Property Fund's value of 123.62% is 164.9% above this industry median. Based on the distribution chart, Vukile Property Fund ranks #104 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vukile Property Fund has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vukile Property Fund's Pretax Margin % compare to SPG and O?
According to the REITs industry distribution chart, Vukile Property Fund ranks #104 out of 928 companies for Pretax Margin %. This places Vukile Property Fund in the top 11% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 46.68. Vukile Property Fund's value of 123.62% is 164.9% above this benchmark. Historically, Vukile Property Fund's own Pretax Margin % has ranged from 0.03 to 119.92 over the past decade. While the company's 10-year median is 63.83 vs. the industry median of 46.68, Vukile Property Fund has consistently been above 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 REITs company?
The median Pretax Margin % among REITs companies is 46.68, based on 928 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. Vukile Property Fund's current Pretax Margin % of 123.62% is 164.9% 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 Vukile Property Fund and its competitors. For the REITs industry, the median Pretax Margin % is 46.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vukile Property Fund's current Pretax Margin % is 123.62%, which is 94% above median its own 10-year median of 63.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vukile Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Vukile Property Fund (NAM:VKN) is currently considered Modestly Overvalued. The stock's GF Value™ is N$21.21, compared to a current price of N$24.90 — trading 17.4% above its estimated fair value. The current Pretax Margin % is 123.62%, which is 94% above median its 10-year median of 63.83 and 164.9% above the REITs industry median of 46.68. Vukile Property Fund's overall GF Score™ is 69/100 with 6 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 Vukile Property Fund (NAM:VKN), the current Pretax Margin % is 123.62% 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 Vukile Property Fund (NAM:VKN) Overvalued in 2026?

Based on GuruFocus' analysis, Vukile Property Fund stock appears to be overvalued. The current stock price of N$24.90 is trading 17.4% above its estimated GF Value™ of N$21.21. GuruFocus considers Vukile Property Fund to be Modestly Overvalued.

Key valuation signals for NAM:VKN:

  • Pretax Margin %: 123.62% (94% above median its 10-year median of 63.83)
  • GF Value™: N$21.21 vs. price of N$24.90 (17.4% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 164.9% above the REITs median (#104 of 928)

No single metric tells the full story. See the NAM:VKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vukile Property Fund Business Description

Industry Real EstateREITs
Other Exchanges VKE:South Africa
Address 11 Ninth Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198
Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue predominantly from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also its portfolio constituents. The majority of the company's tenants are large, listed national companies and franchises, with the remainder comprising government and midsize to large professional firms. The company's geographical segment includes South Africa and the Iberian Peninsula, which is further disaggregated into Spain and Portugal.
69GF Score

Get the complete analysis for NAM:VKN

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

N$24.90
Price
N$21.21
GF Value