NextNXGPF 85 Pretax Margin % is 18.20% as of Jan. 2026, which is 4% above its 10-year median of 17.57. GuruFocus rates NXGPF with a GF Score™ of 85/100 and a GF Value™ of $166.27 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Next ranks better than 90.87% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Next's Pre-Tax Income for the
six
months ended in Jan. 2026 was $925 Mil. Next's Revenue for the
six
months ended in Jan. 2026 was $5,084 Mil. Therefore, Next's pretax margin for the quarter that ended in Jan. 2026 was 18.20%.
The historical rank and industry rank for Next's Pretax Margin % or its related term are showing as below:
NXGPF'
s Pretax Margin % Range Over the Past 10 Years
Min: 9.69 Med: 17.57 Max: 19.29
Current: 17.28
NXGPF's Pretax Margin % is ranked better than 90.87% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 3.135
vs NXGPF: 17.28
Next (OTCPK:NXGPF) 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.
Next Pretax Margin % Related Terms
Next Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Next'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.
NXGPF vs TJX, ROST, BURL: Pretax Margin % Comparison
For the Apparel Retail subindustry, Next'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.
Next Pretax Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Next'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.
Next (NXGPF) has a Pretax Margin % of 18.20% as of Jan. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Next and its competitors. This is near median its historical median of 17.57. Over the past decade, Next's Pretax Margin % has ranged from 9.69 to 19.29. According to the industry distribution chart, Next ranks #103 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 9.1%.
Is Next's Pretax Margin % too high?
Next's current Pretax Margin % of 18.20% is near median its 10-year median of 17.57. Over the past 10 years, this metric has ranged from a low of 9.69 to a high of 19.29. The Retail - Cyclical industry median Pretax Margin % is 3.14. Next's value of 18.20% is 480.5% above this industry median. Based on the distribution chart, Next ranks #103 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Next has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's Pretax Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #103 out of 1128 companies for Pretax Margin %. This places Next in the top 9% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.14. Next's value of 18.20% is 480.5% above this benchmark. Historically, Next's own Pretax Margin % has ranged from 9.69 to 19.29 over the past decade. While the company's 10-year median is 17.57 vs. the industry median of 3.14, Next 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 Retail - Cyclical company?
The median Pretax Margin % among Retail - Cyclical companies is 3.14, based on 1,128 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. Next's current Pretax Margin % of 18.20% is 480.5% 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 Next and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current Pretax Margin % is 18.20%, which is near median its own 10-year median of 17.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $166.27, compared to a current price of $197.60 — trading 18.8% above its estimated fair value. The current Pretax Margin % is 18.20%, which is near median its 10-year median of 17.57 and 480.5% above the Retail - Cyclical industry median of 3.14. Next's overall GF Score™ is 85/100 with 2 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 Next (NXGPF), the current Pretax Margin % is 18.20% as of Jan. 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $197.60 is trading 18.8% above its estimated GF Value™ of $166.27.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
Pretax Margin %: 18.20% (near median its 10-year median of 17.57)
GF Value™: $166.27 vs. price of $197.60 (18.8% above fair value)
Industry Position: 480.5% above the Retail - Cyclical median (#103 of 1128)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
85GF Score
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