Cortina Holdings (SGX:C41) Pretax Margin %: 10.23% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:C41 Cortina Holdings Ltd SGX:C41
95 GF Score
Price S$3.90
GF Value S$3.89
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Cortina Holdings Pretax Margin %?

Cortina Holdings SGX:C41 +1.56% 95 Pretax Margin % is 10.23% as of Mar. 2026, which is 2% below its 10-year median of 10.41. GuruFocus rates SGX:C41 with a GF Score™ of 95/100 and a GF Value™ of S$3.89 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Cortina Holdings ranks better than 78.58% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Cortina Holdings's Pre-Tax Income for the six months ended in Mar. 2026 was S$52.2 Mil. Cortina Holdings's Revenue for the six months ended in Mar. 2026 was S$510.3 Mil. Therefore, Cortina Holdings's pretax margin for the quarter that ended in Mar. 2026 was 10.23%.

The historical rank and industry rank for Cortina Holdings's Pretax Margin % or its related term are showing as below:

SGX:C41' s Pretax Margin % Range Over the Past 10 Years
Min: 4.07   Med: 10.41   Max: 12.92
Current: 10.05


SGX:C41's Pretax Margin % is ranked better than
78.58% of 1130 companies
in the Retail - Cyclical industry
Industry Median: 3.15 vs SGX:C41: 10.05

Cortina Holdings  (SGX:C41) 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.


Cortina Holdings Pretax Margin % Related Terms


Cortina Holdings Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Cortina Holdings'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.

Cortina Holdings Pretax Margin % Chart

Cortina Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.92 12.88 11.26 10.47 10.05

Cortina Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.66 10.29 10.64 9.84 10.23

SGX:C41 vs TPR: Pretax Margin % Comparison

For the Luxury Goods subindustry, Cortina Holdings'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.


Cortina Holdings Pretax Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cortina Holdings's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Cortina Holdings's Pretax Margin % falls into.


SGX:C41
95GF Score
Cortina Holdings Ltd SGX:C41
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cortina Holdings Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Cortina Holdings's Pretax Margin for the fiscal year that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=98.348/978.968
=10.05 %

Cortina Holdings's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=52.21/510.251
=10.23 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 10.23% mean?
Cortina Holdings (SGX:C41) has a Pretax Margin % of 10.23% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Cortina Holdings and its competitors. This is near median its historical median of 10.41. Over the past decade, Cortina Holdings' Pretax Margin % has ranged from 4.07 to 12.92. According to the industry distribution chart, Cortina Holdings ranks #242 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 21.4%.
Is Cortina Holdings' Pretax Margin % too high?
Cortina Holdings' current Pretax Margin % of 10.23% is near median its 10-year median of 10.41. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 12.92. The Retail - Cyclical industry median Pretax Margin % is 3.15. Cortina Holdings' value of 10.23% is 224.8% above this industry median. Based on the distribution chart, Cortina Holdings ranks #242 out of 1130 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Cortina Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cortina Holdings' Pretax Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Cortina Holdings ranks #242 out of 1130 companies for Pretax Margin %. This places Cortina Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.15. Cortina Holdings' value of 10.23% is 224.8% above this benchmark. Historically, Cortina Holdings' own Pretax Margin % has ranged from 4.07 to 12.92 over the past decade. While the company's 10-year median is 10.41 vs. the industry median of 3.15, Cortina Holdings 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 3.15, based on 1,130 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. Cortina Holdings's current Pretax Margin % of 10.23% is 224.8% 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 Cortina Holdings and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cortina Holdings's current Pretax Margin % is 10.23%, which is near median its own 10-year median of 10.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cortina Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cortina Holdings (SGX:C41) is currently considered Fairly Valued. The stock's GF Value™ is S$3.89, compared to a current price of S$3.90 — trading 0.3% above its estimated fair value. The current Pretax Margin % is 10.23%, which is near median its 10-year median of 10.41 and 224.8% above the Retail - Cyclical industry median of 3.15. Cortina Holdings' overall GF Score™ is 95/100 with 7 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 Cortina Holdings (SGX:C41), the current Pretax Margin % is 10.23% 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 Cortina Holdings (SGX:C41) Overvalued in 2026?

Based on GuruFocus' analysis, Cortina Holdings stock appears to be overvalued. The current stock price of S$3.90 is trading 0.3% above its estimated GF Value™ of S$3.89. GuruFocus considers Cortina Holdings to be Fairly Valued.

Key valuation signals for SGX:C41:

  • Pretax Margin %: 10.23% (near median its 10-year median of 10.41)
  • GF Value™: S$3.89 vs. price of S$3.90 (0.3% above fair value)
  • GF Score™: 95/100 with 7 warning signs
  • Industry Position: 224.8% above the Retail - Cyclical median (#242 of 1130)

No single metric tells the full story. See the SGX:C41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cortina Holdings Business Description

Address 391B Orchard Road, No. 18-01 Ngee Ann City Tower B, Singapore, SGP, 238874
Cortina Holdings Ltd is engaged in the retail and distribution of luxury watches. It operates in two segments, namely Retail and Wholesale. The retail segment, which derives the majority of revenue, involves in retailing of the timepiece, branded pens, and accessories. The wholesale segment is involved in the wholesale of timepieces and luxury branded accessories. Its brands include brands, such as Rolex, Patek Philippe, Cartier, Chopard, H. Moser & Cie, Parmigiani Fleurier, Omega, and more.
95GF Score

Get the complete analysis for SGX:C41

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$3.90
Price
S$3.89
GF Value