United BreweriesNSE:UBL -0.90%81 Pretax Margin % is 5.17% as of Mar. 2026, which is 30% below its 10-year median of 7.36. GuruFocus rates NSE:UBL with a GF Score™ of 81/100 and a GF Value™ of ₹2,164.01 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 211 Beverages - Alcoholic companies, United Breweries ranks better than 50.24% on this metric.
The historical rank and industry rank for United Breweries's Pretax Margin % or its related term are showing as below:
NSE:UBL'
s Pretax Margin % Range Over the Past 10 Years
Min: 4.17 Med: 7.36 Max: 14.15
Current: 6.09
NSE:UBL's Pretax Margin % is ranked better than 50.24% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 5.99
vs NSE:UBL: 6.09
United Breweries (NSE:UBL) 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.
United Breweries Pretax Margin % Related Terms
United Breweries Pretax Margin % Historical Data
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The historical data trend for United Breweries'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.
NSE:UBL vs BUD, STZ, TAP: Pretax Margin % Comparison
For the Beverages - Brewers subindustry, United Breweries'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.
United Breweries Pretax Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where United Breweries'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.
United Breweries (NSE:UBL) has a Pretax Margin % of 5.17% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on United Breweries and its competitors. This is 30% below median its historical median of 7.36. Over the past decade, United Breweries' Pretax Margin % has ranged from 4.17 to 14.15. According to the industry distribution chart, United Breweries ranks #105 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 49.8%.
Is United Breweries' Pretax Margin % too high?
United Breweries' current Pretax Margin % of 5.17% is 30% below median its 10-year median of 7.36. Over the past 10 years, this metric has ranged from a low of 4.17 to a high of 14.15. The Beverages - Alcoholic industry median Pretax Margin % is 5.99. United Breweries' value of 5.17% is 13.7% below this industry median. Based on the distribution chart, United Breweries ranks #105 out of 211 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, United Breweries has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' Pretax Margin % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, United Breweries ranks #105 out of 211 companies for Pretax Margin %. This puts United Breweries in the upper half of its industry. The industry median Pretax Margin % is 5.99. United Breweries' value of 5.17% is 13.7% below this benchmark. Historically, United Breweries' own Pretax Margin % has ranged from 4.17 to 14.15 over the past decade. While the company's 10-year median is 7.36 vs. the industry median of 5.99, United Breweries 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 Beverages - Alcoholic company?
The median Pretax Margin % among Beverages - Alcoholic companies is 5.99, based on 211 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. United Breweries's current Pretax Margin % of 5.17% is 13.7% 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 United Breweries and its competitors. For the Beverages - Alcoholic industry, the median Pretax Margin % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Breweries's current Pretax Margin % is 5.17%, which is 30% below median its own 10-year median of 7.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries stock overvalued right now?
Based on GuruFocus' analysis, United Breweries (NSE:UBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,164.01, compared to a current price of ₹1,345.00 — trading 37.8% below its estimated fair value. The current Pretax Margin % is 5.17%, which is 30% below median its 10-year median of 7.36 and 13.7% below the Beverages - Alcoholic industry median of 5.99. United Breweries' overall GF Score™ is 81/100 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 United Breweries (NSE:UBL), the current Pretax Margin % is 5.17% 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 United Breweries (NSE:UBL) Overvalued in 2026?
Based on GuruFocus' analysis, United Breweries stock appears to be undervalued.
The current stock price of ₹1,345.00 is trading 37.8% below its estimated GF Value™ of ₹2,164.01.
GuruFocus considers United Breweries to be Significantly Undervalued.
Key valuation signals for NSE:UBL:
Pretax Margin %: 5.17% (30% below median its 10-year median of 7.36)
GF Value™: ₹2,164.01 vs. price of ₹1,345.00 (37.8% below fair value)
Industry Position: 13.7% below the Beverages - Alcoholic median (#105 of 211)
No single metric tells the full story. See the NSE:UBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.
81GF Score
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