First Hi-Tec CoROCO:5439 -3.70%81 Pretax Margin % is 17.71% as of Dec. 2025, which is 29% above its 10-year median of 13.77. GuruFocus rates ROCO:5439 with a GF Score™ of 81/100 and a GF Value™ of NT$262.46 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,471 Hardware companies, First Hi-Tec Co ranks better than 86.81% on this metric.
The historical rank and industry rank for First Hi-Tec Co's Pretax Margin % or its related term are showing as below:
ROCO:5439'
s Pretax Margin % Range Over the Past 10 Years
Min: 9.67 Med: 13.77 Max: 16.36
Current: 16.36
ROCO:5439's Pretax Margin % is ranked better than 86.81% of 2471
companies
in the Hardware industry
Industry Median: 3.58
vs ROCO:5439: 16.36
First Hi-Tec Co (ROCO:5439) 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.
First Hi-Tec Co Pretax Margin % Related Terms
First Hi-Tec Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for First Hi-Tec Co'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.
For the Electronic Components subindustry, First Hi-Tec Co'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.
First Hi-Tec Co Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, First Hi-Tec Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where First Hi-Tec Co'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.
First Hi-Tec Co (ROCO:5439) has a Pretax Margin % of 17.71% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Hi-Tec Co and its competitors. This is 29% above median its historical median of 13.77. Over the past decade, First Hi-Tec Co's Pretax Margin % has ranged from 9.67 to 16.36. According to the industry distribution chart, First Hi-Tec Co ranks #326 out of 2471 companies in the Hardware industry, placing it in the top 13.2%.
Is First Hi-Tec Co's Pretax Margin % too high?
First Hi-Tec Co's current Pretax Margin % of 17.71% is 29% above median its 10-year median of 13.77. Over the past 10 years, this metric has ranged from a low of 9.67 to a high of 16.36. The Hardware industry median Pretax Margin % is 3.58. First Hi-Tec Co's value of 17.71% is 394.7% above this industry median. Based on the distribution chart, First Hi-Tec Co ranks #326 out of 2471 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, First Hi-Tec Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Hi-Tec Co's Pretax Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, First Hi-Tec Co ranks #326 out of 2471 companies for Pretax Margin %. This places First Hi-Tec Co in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. First Hi-Tec Co's value of 17.71% is 394.7% above this benchmark. Historically, First Hi-Tec Co's own Pretax Margin % has ranged from 9.67 to 16.36 over the past decade. While the company's 10-year median is 13.77 vs. the industry median of 3.58, First Hi-Tec Co 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 2,471 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. First Hi-Tec Co's current Pretax Margin % of 17.71% is 394.7% 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 First Hi-Tec Co 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. First Hi-Tec Co's current Pretax Margin % is 17.71%, which is 29% above median its own 10-year median of 13.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hi-Tec Co stock overvalued right now?
Based on GuruFocus' analysis, First Hi-Tec Co (ROCO:5439) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$262.46, compared to a current price of NT$325.50 — trading 24% above its estimated fair value. The current Pretax Margin % is 17.71%, which is 29% above median its 10-year median of 13.77 and 394.7% above the Hardware industry median of 3.58. First Hi-Tec Co's overall GF Score™ is 81/100 with 5 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 First Hi-Tec Co (ROCO:5439), the current Pretax Margin % is 17.71% 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 First Hi-Tec Co (ROCO:5439) Overvalued in 2026?
Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be overvalued.
The current stock price of NT$325.50 is trading 24% above its estimated GF Value™ of NT$262.46.
GuruFocus considers First Hi-Tec Co to be Modestly Overvalued.
Key valuation signals for ROCO:5439:
Pretax Margin %: 17.71% (29% above median its 10-year median of 13.77)
GF Value™: NT$262.46 vs. price of NT$325.50 (24% above fair value)
Industry Position: 394.7% above the Hardware median (#326 of 2471)
No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
81GF Score
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