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Sabine Royalty TrustSBR -0.11%73 Pretax Margin % is 91.90% as of Mar. 2026, which is 3% below its 10-year median of 95.16. GuruFocus rates SBR with a GF Score™ of 73/100 and a GF Value™ of $50.16 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 917 Oil & Gas companies, Sabine Royalty Trust ranks better than 98.36% on this metric.
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.
Sabine Royalty Trust Pretax Margin % Related Terms
Sabine Royalty Trust Pretax Margin % Historical Data
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The historical data trend for Sabine Royalty Trust'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 Oil & Gas Midstream subindustry, Sabine Royalty Trust'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.
Sabine Royalty Trust Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sabine Royalty Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Sabine Royalty Trust'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.
Sabine Royalty Trust (SBR) has a Pretax Margin % of 91.90% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Sabine Royalty Trust and its competitors. This is near median its historical median of 95.16. Over the past decade, Sabine Royalty Trust's Pretax Margin % has ranged from 91.52 to 97.57. According to the industry distribution chart, Sabine Royalty Trust ranks #15 out of 917 companies in the Oil & Gas industry, placing it in the top 1.6%.
Is Sabine Royalty Trust's Pretax Margin % too high?
Sabine Royalty Trust's current Pretax Margin % of 91.90% is near median its 10-year median of 95.16. Over the past 10 years, this metric has ranged from a low of 91.52 to a high of 97.57. The Oil & Gas industry median Pretax Margin % is 5.25. Sabine Royalty Trust's value of 91.90% is 1650.5% above this industry median. Based on the distribution chart, Sabine Royalty Trust ranks #15 out of 917 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Sabine Royalty Trust has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sabine Royalty Trust's Pretax Margin % compare to TEN and PBT?
According to the Oil & Gas industry distribution chart, Sabine Royalty Trust ranks #15 out of 917 companies for Pretax Margin %. This places Sabine Royalty Trust in the top 2% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.25. Sabine Royalty Trust's value of 91.90% is 1650.5% above this benchmark. Historically, Sabine Royalty Trust's own Pretax Margin % has ranged from 91.52 to 97.57 over the past decade. While the company's 10-year median is 95.16 vs. the industry median of 5.25, Sabine Royalty Trust 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 an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.25, based on 917 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. Sabine Royalty Trust's current Pretax Margin % of 91.90% is 1650.5% 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 Sabine Royalty Trust and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sabine Royalty Trust's current Pretax Margin % is 91.90%, which is near median its own 10-year median of 95.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sabine Royalty Trust stock overvalued right now?
Based on GuruFocus' analysis, Sabine Royalty Trust (SBR) is currently considered Significantly Overvalued. The stock's GF Value™ is $50.16, compared to a current price of $74.00 — trading 47.5% above its estimated fair value. The current Pretax Margin % is 91.90%, which is near median its 10-year median of 95.16 and 1650.5% above the Oil & Gas industry median of 5.25. Sabine Royalty Trust's overall GF Score™ is 73/100 with 10 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 Sabine Royalty Trust (SBR), the current Pretax Margin % is 91.90% 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 Sabine Royalty Trust (SBR) Overvalued in 2026?
Based on GuruFocus' analysis, Sabine Royalty Trust stock appears to be overvalued.
The current stock price of $74.00 is trading 47.5% above its estimated GF Value™ of $50.16.
GuruFocus considers Sabine Royalty Trust to be Significantly Overvalued.
Key valuation signals for SBR:
Pretax Margin %: 91.90% (near median its 10-year median of 95.16)
GF Value™: $50.16 vs. price of $74.00 (47.5% above fair value)
Industry Position: 1650.5% above the Oil & Gas median (#15 of 917)
No single metric tells the full story. See the SBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sabine Royalty Trust formed to receive Sabine Corporation's royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals production payments and any other similar, non-participatory interests, in certain Royalty Properties. The trusts producing and proved undeveloped oil and gas royalty properties are located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
73GF Score
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