BrowaveROCO:3163 53 Pretax Margin % is 39.93% as of Dec. 2025, which is 280% above its 10-year median of 10.50. GuruFocus rates ROCO:3163 with a GF Score™ of 53/100 and a GF Value™ of NT$118.82 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,472 Hardware companies, Browave ranks better than 94.13% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Browave's Pre-Tax Income for the
three
months ended in Dec. 2025 was NT$249 Mil. Browave's Revenue for the
three
months ended in Dec. 2025 was NT$623 Mil. Therefore, Browave's pretax margin for the quarter that ended in Dec. 2025 was 39.93%.
The historical rank and industry rank for Browave's Pretax Margin % or its related term are showing as below:
ROCO:3163'
s Pretax Margin % Range Over the Past 10 Years
Min: -0.16 Med: 10.5 Max: 25.19
Current: 24.06
ROCO:3163's Pretax Margin % is ranked better than 94.13% of 2472
companies
in the Hardware industry
Industry Median: 3.58
vs ROCO:3163: 24.06
Browave (ROCO:3163) 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.
Browave Pretax Margin % Related Terms
Browave Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Browave'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.
ROCO:3163 vs CSCO, CIEN, MSI: Pretax Margin % Comparison
For the Communication Equipment subindustry, Browave'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.
Browave Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Browave's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Browave'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.
Browave (ROCO:3163) has a Pretax Margin % of 39.93% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Browave and its competitors. This is 280% above median its historical median of 10.50. According to the industry distribution chart, Browave ranks #145 out of 2472 companies in the Hardware industry, placing it in the top 5.9%.
Is Browave's Pretax Margin % too high?
Browave's current Pretax Margin % of 39.93% is 280% above median its 10-year median of 10.50. The Hardware industry median Pretax Margin % is 3.58. Browave's value of 39.93% is 1015.4% above this industry median. Based on the distribution chart, Browave ranks #145 out of 2472 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Browave has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Browave's Pretax Margin % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Browave ranks #145 out of 2472 companies for Pretax Margin %. This places Browave in the top 6% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. Browave's value of 39.93% is 1015.4% above this benchmark. While the company's 10-year median is 10.50 vs. the industry median of 3.58, Browave 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 Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,472 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. Browave's current Pretax Margin % of 39.93% is 1015.4% 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 Browave and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Browave's current Pretax Margin % is 39.93%, which is 280% above median its own 10-year median of 10.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Browave stock overvalued right now?
Based on GuruFocus' analysis, Browave (ROCO:3163) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$118.82, compared to a current price of NT$746.00 — trading 527.8% above its estimated fair value. The current Pretax Margin % is 39.93%, which is 280% above median its 10-year median of 10.50 and 1015.4% above the Hardware industry median of 3.58. Browave's overall GF Score™ is 53/100 with 3 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 Browave (ROCO:3163), the current Pretax Margin % is 39.93% as of Dec. 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 Browave (ROCO:3163) Overvalued in 2026?
Based on GuruFocus' analysis, Browave stock appears to be overvalued.
The current stock price of NT$746.00 is trading 527.8% above its estimated GF Value™ of NT$118.82.
GuruFocus considers Browave to be Significantly Overvalued.
Key valuation signals for ROCO:3163:
Pretax Margin %: 39.93% (280% above median its 10-year median of 10.50)
GF Value™: NT$118.82 vs. price of NT$746.00 (527.8% above fair value)
Industry Position: 1015.4% above the Hardware median (#145 of 2472)
No single metric tells the full story. See the ROCO:3163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Browave Corp is mainly engaged in the design, production, and sales of optical fiber communication components. Its products include Modules, Components, MPO/MTP Cable, and Optical parts.
53GF Score
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