North Electro-Optic CoSHSE:600184 +4.79%55 Pretax Margin % is 0.47% as of Mar. 2026, which is 80% below its 10-year median of 2.31. GuruFocus rates SHSE:600184 with a GF Score™ of 55/100 and a GF Value™ of ¥13.33 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 347 Aerospace & Defense companies, North Electro-Optic Co ranks worse than 63.11% on this metric.
The historical rank and industry rank for North Electro-Optic Co's Pretax Margin % or its related term are showing as below:
SHSE:600184'
s Pretax Margin % Range Over the Past 10 Years
Min: -15.94 Med: 2.31 Max: 3.61
Current: 2.18
SHSE:600184's Pretax Margin % is ranked worse than 63.11% of 347
companies
in the Aerospace & Defense industry
Industry Median: 6.17
vs SHSE:600184: 2.18
North Electro-Optic Co (SHSE:600184) 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.
North Electro-Optic Co Pretax Margin % Related Terms
North Electro-Optic Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for North Electro-Optic 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.
SHSE:600184 vs SPCX, GE, RTX: Pretax Margin % Comparison
For the Aerospace & Defense subindustry, North Electro-Optic 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.
North Electro-Optic Co Pretax Margin % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, North Electro-Optic Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where North Electro-Optic 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.
North Electro-Optic Co (SHSE:600184) has a Pretax Margin % of 0.47% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on North Electro-Optic Co and its competitors. This is 80% below median its historical median of 2.31. According to the industry distribution chart, North Electro-Optic Co ranks #219 out of 347 companies in the Aerospace & Defense industry, placing it in the top 63.1%.
Is North Electro-Optic Co's Pretax Margin % too high?
North Electro-Optic Co's current Pretax Margin % of 0.47% is 80% below median its 10-year median of 2.31. The Aerospace & Defense industry median Pretax Margin % is 6.17. North Electro-Optic Co's value of 0.47% is 92.4% below this industry median. Based on the distribution chart, North Electro-Optic Co ranks #219 out of 347 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, North Electro-Optic Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does North Electro-Optic Co's Pretax Margin % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, North Electro-Optic Co ranks #219 out of 347 companies for Pretax Margin %. This places North Electro-Optic Co in the lower half of its industry. The industry median Pretax Margin % is 6.17. North Electro-Optic Co's value of 0.47% is 92.4% below this benchmark. While the company's 10-year median is 2.31 vs. the industry median of 6.17, North Electro-Optic Co has consistently been below 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 Aerospace & Defense company?
The median Pretax Margin % among Aerospace & Defense companies is 6.17, based on 347 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. North Electro-Optic Co's current Pretax Margin % of 0.47% is 92.4% below 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 North Electro-Optic Co and its competitors. For the Aerospace & Defense industry, the median Pretax Margin % is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Electro-Optic Co's current Pretax Margin % is 0.47%, which is 80% below median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Electro-Optic Co stock overvalued right now?
Based on GuruFocus' analysis, North Electro-Optic Co (SHSE:600184) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.33, compared to a current price of ¥22.32 — trading 67.4% above its estimated fair value. The current Pretax Margin % is 0.47%, which is 80% below median its 10-year median of 2.31 and 92.4% below the Aerospace & Defense industry median of 6.17. North Electro-Optic Co's overall GF Score™ is 55/100 with 6 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 North Electro-Optic Co (SHSE:600184), the current Pretax Margin % is 0.47% 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 North Electro-Optic Co (SHSE:600184) Overvalued in 2026?
Based on GuruFocus' analysis, North Electro-Optic Co stock appears to be overvalued.
The current stock price of ¥22.32 is trading 67.4% above its estimated GF Value™ of ¥13.33.
GuruFocus considers North Electro-Optic Co to be Significantly Overvalued.
Key valuation signals for SHSE:600184:
Pretax Margin %: 0.47% (80% below median its 10-year median of 2.31)
GF Value™: ¥13.33 vs. price of ¥22.32 (67.4% above fair value)
Industry Position: 92.4% below the Aerospace & Defense median (#219 of 347)
No single metric tells the full story. See the SHSE:600184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North Electro-Optic Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture, and distribution of optoelectronic defense products. The company is also engaged in the manufacture and sales of optoelectronic materials and components.
55GF Score
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