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.
Nippon Prologis REIT Pretax Margin % Related Terms
Nippon Prologis REIT Pretax Margin % Historical Data
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The historical data trend for Nippon Prologis REIT'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.
NPONF vs PLD, PSA, EXR: Pretax Margin % Comparison
For the REIT - Industrial subindustry, Nippon Prologis REIT'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.
Nippon Prologis REIT Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Prologis REIT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nippon Prologis REIT'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.
Nippon Prologis REIT (NPONF) has a Pretax Margin % of 43.78% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nippon Prologis REIT and its competitors. This is near median its historical median of 43.19. Over the past decade, Nippon Prologis REIT's Pretax Margin % has ranged from 39.53 to 45.45. According to the industry distribution chart, Nippon Prologis REIT ranks #486 out of 925 companies in the REITs industry, placing it in the top 52.5%.
Is Nippon Prologis REIT's Pretax Margin % too high?
Nippon Prologis REIT's current Pretax Margin % of 43.78% is near median its 10-year median of 43.19. Over the past 10 years, this metric has ranged from a low of 39.53 to a high of 45.45. The REITs industry median Pretax Margin % is 46.48. Nippon Prologis REIT's value of 43.78% is 5.8% below this industry median. Based on the distribution chart, Nippon Prologis REIT ranks #486 out of 925 companies in the REITs industry, which is below the industry midpoint. Overall, Nippon Prologis REIT has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Prologis REIT's Pretax Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Nippon Prologis REIT ranks #486 out of 925 companies for Pretax Margin %. This places Nippon Prologis REIT in the lower half of its industry. The industry median Pretax Margin % is 46.48. Nippon Prologis REIT's value of 43.78% is 5.8% below this benchmark. Historically, Nippon Prologis REIT's own Pretax Margin % has ranged from 39.53 to 45.45 over the past decade. While the company's 10-year median is 43.19 vs. the industry median of 46.48, Nippon Prologis REIT 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 REITs company?
The median Pretax Margin % among REITs companies is 46.48, based on 925 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. Nippon Prologis REIT's current Pretax Margin % of 43.78% is 5.8% 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 Nippon Prologis REIT and its competitors. For the REITs industry, the median Pretax Margin % is 46.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Prologis REIT's current Pretax Margin % is 43.78%, which is near median its own 10-year median of 43.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Prologis REIT stock overvalued right now?
Nippon Prologis REIT (NPONF) has a current Pretax Margin % of 43.78%. The stock's GF Value™ is $565.48, compared to a current price of $532.49 — trading 5.8% below its estimated fair value. The current Pretax Margin % is 43.78%, which is near median its 10-year median of 43.19 and 5.8% below the REITs industry median of 46.48. Nippon Prologis REIT's overall GF Score™ is 71/100 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 Nippon Prologis REIT (NPONF), the current Pretax Margin % is 43.78% as of Nov. 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 Nippon Prologis REIT (NPONF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Prologis REIT stock appears to be undervalued.
The current stock price of $532.49 is trading 5.8% below its estimated GF Value™ of $565.48.
Key valuation signals for NPONF:
Pretax Margin %: 43.78% (near median its 10-year median of 43.19)
GF Value™: $565.48 vs. price of $532.49 (5.8% below fair value)
Industry Position: 5.8% below the REITs median (#486 of 925)
No single metric tells the full story. See the NPONF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Prologis REIT Inc is focused on logistics facilities in Japan. Its investment objective is to maximize unit holder value through a portfolio that generates stable income and achieves steady growth. It invests in high quality Class-A logistics facilities, owning and operating them for medium- to long-term purposes.
71GF Score
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