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Langfang Development CoSHSE:600149 -4.53%66 Pretax Margin % is 31.98% as of Mar. 2026, which is 161% above its 10-year median of 12.24. GuruFocus rates SHSE:600149 with a GF Score™ of 66/100 and a GF Value™ of ¥3.88 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,479 Hardware companies, Langfang Development Co ranks better than 94.43% on this metric.
The historical rank and industry rank for Langfang Development Co's Pretax Margin % or its related term are showing as below:
SHSE:600149'
s Pretax Margin % Range Over the Past 10 Years
Min: -152.81 Med: 12.24 Max: 39.81
Current: 24.64
SHSE:600149's Pretax Margin % is ranked better than 94.43% of 2479
companies
in the Hardware industry
Industry Median: 3.59
vs SHSE:600149: 24.64
Langfang Development Co (SHSE:600149) 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.
Langfang Development Co Pretax Margin % Related Terms
Langfang Development Co Pretax Margin % Historical Data
* 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.
SHSE:600149 vs SNX, ARW, AVT: Pretax Margin % Comparison
For the Electronics & Computer Distribution subindustry, Langfang Development 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.
Langfang Development Co Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Langfang Development Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Langfang Development 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.
Langfang Development Co (SHSE:600149) has a Pretax Margin % of 31.98% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Langfang Development Co and its competitors. This is 161% above median its historical median of 12.24. According to the industry distribution chart, Langfang Development Co ranks #138 out of 2479 companies in the Hardware industry, placing it in the top 5.6%.
Is Langfang Development Co's Pretax Margin % too high?
Langfang Development Co's current Pretax Margin % of 31.98% is 161% above median its 10-year median of 12.24. The Hardware industry median Pretax Margin % is 3.59. Langfang Development Co's value of 31.98% is 790.8% above this industry median. Based on the distribution chart, Langfang Development Co ranks #138 out of 2479 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Langfang Development Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Langfang Development Co's Pretax Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, Langfang Development Co ranks #138 out of 2479 companies for Pretax Margin %. This places Langfang Development Co in the top 6% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.59. Langfang Development Co's value of 31.98% is 790.8% above this benchmark. While the company's 10-year median is 12.24 vs. the industry median of 3.59, Langfang Development 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 3.59, based on 2,479 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. Langfang Development Co's current Pretax Margin % of 31.98% is 790.8% 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 Langfang Development Co and its competitors. For the Hardware industry, the median Pretax Margin % is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Langfang Development Co's current Pretax Margin % is 31.98%, which is 161% above median its own 10-year median of 12.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Langfang Development Co stock overvalued right now?
Based on GuruFocus' analysis, Langfang Development Co (SHSE:600149) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥3.88, compared to a current price of ¥4.43 — trading 14.2% above its estimated fair value. The current Pretax Margin % is 31.98%, which is 161% above median its 10-year median of 12.24 and 790.8% above the Hardware industry median of 3.59. Langfang Development Co's overall GF Score™ is 66/100 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 Langfang Development Co (SHSE:600149), the current Pretax Margin % is 31.98% 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 Langfang Development Co (SHSE:600149) Overvalued in 2026?
Based on GuruFocus' analysis, Langfang Development Co stock appears to be overvalued.
The current stock price of ¥4.43 is trading 14.2% above its estimated GF Value™ of ¥3.88.
GuruFocus considers Langfang Development Co to be Modestly Overvalued.
Key valuation signals for SHSE:600149:
Pretax Margin %: 31.98% (161% above median its 10-year median of 12.24)
GF Value™: ¥3.88 vs. price of ¥4.43 (14.2% above fair value)
Industry Position: 790.8% above the Hardware median (#138 of 2479)
No single metric tells the full story. See the SHSE:600149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Langfang Development Co Ltd is a China-based company primarily engaged in distribution of electronic products and the provision of network technology services.
66GF Score
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