Shede Spirits CoSHSE:600702 -1.16%79 Pretax Margin % is 20.83% as of Mar. 2026, which is 11% below its 10-year median of 23.30. GuruFocus rates SHSE:600702 with a GF Score™ of 79/100 and a GF Value™ of ¥50.48 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Shede Spirits Co ranks worse than 59.24% on this metric.
The historical rank and industry rank for Shede Spirits Co's Pretax Margin % or its related term are showing as below:
SHSE:600702'
s Pretax Margin % Range Over the Past 10 Years
Min: 3.78 Med: 23.3 Max: 37.09
Current: 3.78
SHSE:600702's Pretax Margin % is ranked worse than 59.24% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 5.99
vs SHSE:600702: 3.78
Shede Spirits Co (SHSE:600702) 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.
Shede Spirits Co Pretax Margin % Related Terms
Shede Spirits Co Pretax Margin % Historical Data
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The historical data trend for Shede Spirits 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 Beverages - Wineries & Distilleries subindustry, Shede Spirits 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.
Shede Spirits Co Pretax Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Shede Spirits Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Shede Spirits 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.
Shede Spirits Co (SHSE:600702) has a Pretax Margin % of 20.83% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Shede Spirits Co and its competitors. This is 11% below median its historical median of 23.30. Over the past decade, Shede Spirits Co's Pretax Margin % has ranged from 3.78 to 37.09. According to the industry distribution chart, Shede Spirits Co ranks #125 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 59.2%.
Is Shede Spirits Co's Pretax Margin % too high?
Shede Spirits Co's current Pretax Margin % of 20.83% is 11% below median its 10-year median of 23.30. Over the past 10 years, this metric has ranged from a low of 3.78 to a high of 37.09. The Beverages - Alcoholic industry median Pretax Margin % is 5.99. Shede Spirits Co's value of 20.83% is 247.7% above this industry median. Based on the distribution chart, Shede Spirits Co ranks #125 out of 211 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Shede Spirits Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shede Spirits Co's Pretax Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Shede Spirits Co ranks #125 out of 211 companies for Pretax Margin %. This places Shede Spirits Co in the lower half of its industry. The industry median Pretax Margin % is 5.99. Shede Spirits Co's value of 20.83% is 247.7% above this benchmark. Historically, Shede Spirits Co's own Pretax Margin % has ranged from 3.78 to 37.09 over the past decade. While the company's 10-year median is 23.30 vs. the industry median of 5.99, Shede Spirits 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 Beverages - Alcoholic company?
The median Pretax Margin % among Beverages - Alcoholic companies is 5.99, based on 211 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. Shede Spirits Co's current Pretax Margin % of 20.83% is 247.7% 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 Shede Spirits Co and its competitors. For the Beverages - Alcoholic industry, the median Pretax Margin % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shede Spirits Co's current Pretax Margin % is 20.83%, which is 11% below median its own 10-year median of 23.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shede Spirits Co stock overvalued right now?
Based on GuruFocus' analysis, Shede Spirits Co (SHSE:600702) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥50.48, compared to a current price of ¥35.88 — trading 28.9% below its estimated fair value. The current Pretax Margin % is 20.83%, which is 11% below median its 10-year median of 23.30 and 247.7% above the Beverages - Alcoholic industry median of 5.99. Shede Spirits Co's overall GF Score™ is 79/100 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 Shede Spirits Co (SHSE:600702), the current Pretax Margin % is 20.83% 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 Shede Spirits Co (SHSE:600702) Overvalued in 2026?
Based on GuruFocus' analysis, Shede Spirits Co stock appears to be undervalued.
The current stock price of ¥35.88 is trading 28.9% below its estimated GF Value™ of ¥50.48.
GuruFocus considers Shede Spirits Co to be Modestly Undervalued.
Key valuation signals for SHSE:600702:
Pretax Margin %: 20.83% (11% below median its 10-year median of 23.30)
GF Value™: ¥50.48 vs. price of ¥35.88 (28.9% below fair value)
Industry Position: 247.7% above the Beverages - Alcoholic median (#125 of 211)
No single metric tells the full story. See the SHSE:600702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shede Spirits Co Ltd manufactures liquor products. The company produces high-end liquor, low-end liquor, mid-end liquor, and other products. Shede Spirits markets its products throughout China.
79GF Score
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