South32SHTLF -7.85%73 Pretax Margin % is 19.22% as of Dec. 2025, which is 119% above its 10-year median of 8.79. GuruFocus rates SHTLF with a GF Score™ of 73/100 and a GF Value™ of $2.64 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 843 Metals & Mining companies, South32 ranks better than 60.5% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. South32's Pre-Tax Income for the
six
months ended in Dec. 2025 was $540 Mil. South32's Revenue for the
six
months ended in Dec. 2025 was $2,809 Mil. Therefore, South32's pretax margin for the quarter that ended in Dec. 2025 was 19.22%.
The historical rank and industry rank for South32's Pretax Margin % or its related term are showing as below:
SHTLF'
s Pretax Margin % Range Over the Past 10 Years
Min: -26.58 Med: 8.79 Max: 39.84
Current: 10.52
SHTLF's Pretax Margin % is ranked better than 60.5% of 843
companies
in the Metals & Mining industry
Industry Median: 4.83
vs SHTLF: 10.52
South32 (OTCPK:SHTLF) 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.
South32 Pretax Margin % Related Terms
South32 Pretax Margin % Historical Data
* Premium members only.
The historical data trend for South32'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 Other Industrial Metals & Mining subindustry, South32'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.
South32 Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, South32's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where South32'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.
South32 (SHTLF) has a Pretax Margin % of 19.22% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on South32 and its competitors. This is 119% above median its historical median of 8.79. According to the industry distribution chart, South32 ranks #333 out of 843 companies in the Metals & Mining industry, placing it in the top 39.5%.
Is South32's Pretax Margin % too high?
South32's current Pretax Margin % of 19.22% is 119% above median its 10-year median of 8.79. The Metals & Mining industry median Pretax Margin % is 4.83. South32's value of 19.22% is 297.9% above this industry median. Based on the distribution chart, South32 ranks #333 out of 843 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, South32 has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does South32's Pretax Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, South32 ranks #333 out of 843 companies for Pretax Margin %. This puts South32 in the upper half of its industry. The industry median Pretax Margin % is 4.83. South32's value of 19.22% is 297.9% above this benchmark. While the company's 10-year median is 8.79 vs. the industry median of 4.83, South32 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 Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.83, based on 843 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. South32's current Pretax Margin % of 19.22% is 297.9% 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 South32 and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South32's current Pretax Margin % is 19.22%, which is 119% above median its own 10-year median of 8.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South32 stock overvalued right now?
Based on GuruFocus' analysis, South32 (SHTLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.64, compared to a current price of $3.03 — trading 14.8% above its estimated fair value. The current Pretax Margin % is 19.22%, which is 119% above median its 10-year median of 8.79 and 297.9% above the Metals & Mining industry median of 4.83. South32's overall GF Score™ is 73/100 with 4 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 South32 (SHTLF), the current Pretax Margin % is 19.22% as of Dec. 2025. 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 South32 (SHTLF) Overvalued in 2026?
Based on GuruFocus' analysis, South32 stock appears to be overvalued.
The current stock price of $3.03 is trading 14.8% above its estimated GF Value™ of $2.64.
GuruFocus considers South32 to be Modestly Overvalued.
Key valuation signals for SHTLF:
Pretax Margin %: 19.22% (119% above median its 10-year median of 8.79)
GF Value™: $2.64 vs. price of $3.03 (14.8% above fair value)
Industry Position: 297.9% above the Metals & Mining median (#333 of 843)
No single metric tells the full story. See the SHTLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024 and the Cerro Matoso nickel mine in Colombia in December 2025. It also owns the Cannington silver/lead/zinc mine in Queensland. Its Australian manganese operations deliver high returns, but have a relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.
73GF Score
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