CMCNGO:2185 64 Pretax Margin % is 20.38% as of Mar. 2026, which is 61% above its 10-year median of 12.66. GuruFocus rates NGO:2185 with a GF Score™ of 64/100 and a GF Value™ of 円908.56. The stock has 4 warning signs investors should review. Among 2,822 Software companies, CMC ranks better than 86.43% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. CMC's Pre-Tax Income for the
six
months ended in Mar. 2026 was 円2,086 Mil. CMC's Revenue for the
six
months ended in Mar. 2026 was 円10,236 Mil. Therefore, CMC's pretax margin for the quarter that ended in Mar. 2026 was 20.38%.
The historical rank and industry rank for CMC's Pretax Margin % or its related term are showing as below:
NGO:2185'
s Pretax Margin % Range Over the Past 10 Years
Min: 8.08 Med: 12.66 Max: 19.47
Current: 19.47
NGO:2185's Pretax Margin % is ranked better than 86.43% of 2822
companies
in the Software industry
Industry Median: 3.505
vs NGO:2185: 19.47
CMC (NGO:2185) 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.
CMC Pretax Margin % Related Terms
CMC Pretax Margin % Historical Data
* Premium members only.
The historical data trend for CMC'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.
NGO:2185 vs IBM, ACN, FISV: Pretax Margin % Comparison
For the Information Technology Services subindustry, CMC'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.
CMC Pretax Margin % vs Software Industry
For the Software industry and Technology sector, CMC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where CMC'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.
CMC (NGO:2185) has a Pretax Margin % of 20.38% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on CMC and its competitors. This is 61% above median its historical median of 12.66. Over the past decade, CMC's Pretax Margin % has ranged from 8.08 to 19.47. According to the industry distribution chart, CMC ranks #383 out of 2822 companies in the Software industry, placing it in the top 13.6%.
Is CMC's Pretax Margin % too high?
CMC's current Pretax Margin % of 20.38% is 61% above median its 10-year median of 12.66. Over the past 10 years, this metric has ranged from a low of 8.08 to a high of 19.47. The Software industry median Pretax Margin % is 3.51. CMC's value of 20.38% is 481.5% above this industry median. Based on the distribution chart, CMC ranks #383 out of 2822 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, CMC has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does CMC's Pretax Margin % compare to IBM and ACN?
According to the Software industry distribution chart, CMC ranks #383 out of 2822 companies for Pretax Margin %. This places CMC in the top 14% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.51. CMC's value of 20.38% is 481.5% above this benchmark. Historically, CMC's own Pretax Margin % has ranged from 8.08 to 19.47 over the past decade. While the company's 10-year median is 12.66 vs. the industry median of 3.51, CMC 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 Software company?
The median Pretax Margin % among Software companies is 3.51, based on 2,822 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. CMC's current Pretax Margin % of 20.38% is 481.5% 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 CMC and its competitors. For the Software industry, the median Pretax Margin % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC's current Pretax Margin % is 20.38%, which is 61% above median its own 10-year median of 12.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC stock overvalued right now?
CMC (NGO:2185) has a current Pretax Margin % of 20.38%. The stock's GF Value™ is 円908.56, compared to a current price of 円1,090.50 — trading 20% above its estimated fair value. The current Pretax Margin % is 20.38%, which is 61% above median its 10-year median of 12.66 and 481.5% above the Software industry median of 3.51. CMC's overall GF Score™ is 64/100 with 4 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 CMC (NGO:2185), the current Pretax Margin % is 20.38% 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 CMC (NGO:2185) Overvalued in 2026?
Based on GuruFocus' analysis, CMC stock appears to be overvalued.
The current stock price of 円1,090.50 is trading 20% above its estimated GF Value™ of 円908.56.
Key valuation signals for NGO:2185:
Pretax Margin %: 20.38% (61% above median its 10-year median of 12.66)
GF Value™: 円908.56 vs. price of 円1,090.50 (20% above fair value)
Industry Position: 481.5% above the Software median (#383 of 2822)
No single metric tells the full story. See the NGO:2185 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Corp is a Japanese company engaged in writing and editing technical manuals for automakers in Japan. The business is comprised of marketing operations and system development operations.
64GF Score
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