SMA Solar Technology AGSMTGY 66 Pretax Margin % is 3.34% as of Mar. 2026, which is 351% above its 10-year median of 0.74. GuruFocus rates SMTGY with a GF Score™ of 66/100 and a GF Value™ of $3.53 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,021 Semiconductors companies, SMA Solar Technology AG ranks worse than 77.47% on this metric.
The historical rank and industry rank for SMA Solar Technology AG's Pretax Margin % or its related term are showing as below:
SMTGY'
s Pretax Margin % Range Over the Past 10 Years
Min: -21.87 Med: 0.74 Max: 14.21
Current: -12.83
SMTGY's Pretax Margin % is ranked worse than 77.47% of 1021
companies
in the Semiconductors industry
Industry Median: 5.07
vs SMTGY: -12.83
SMA Solar Technology AG (OTCPK:SMTGY) 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.
SMA Solar Technology AG Pretax Margin % Related Terms
SMA Solar Technology AG 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.
SMTGY vs FSLR, NXT, ENPH: Pretax Margin % Comparison
For the Solar subindustry, SMA Solar Technology AG'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.
SMA Solar Technology AG Pretax Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, SMA Solar Technology AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where SMA Solar Technology AG'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.
SMA Solar Technology AG (SMTGY) has a Pretax Margin % of 3.34% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on SMA Solar Technology AG and its competitors. This is 351% above median its historical median of 0.74. According to the industry distribution chart, SMA Solar Technology AG ranks #791 out of 1021 companies in the Semiconductors industry, placing it in the top 77.5%.
Is SMA Solar Technology AG's Pretax Margin % too high?
SMA Solar Technology AG's current Pretax Margin % of 3.34% is 351% above median its 10-year median of 0.74. The Semiconductors industry median Pretax Margin % is 5.07. SMA Solar Technology AG's value of 3.34% is 34.1% below this industry median. Based on the distribution chart, SMA Solar Technology AG ranks #791 out of 1021 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, SMA Solar Technology AG has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMA Solar Technology AG's Pretax Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, SMA Solar Technology AG ranks #791 out of 1021 companies for Pretax Margin %. This places SMA Solar Technology AG in the lower half of its industry. The industry median Pretax Margin % is 5.07. SMA Solar Technology AG's value of 3.34% is 34.1% below this benchmark. While the company's 10-year median is 0.74 vs. the industry median of 5.07, SMA Solar Technology AG 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 a Semiconductors company?
The median Pretax Margin % among Semiconductors companies is 5.07, based on 1,021 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. SMA Solar Technology AG's current Pretax Margin % of 3.34% is 34.1% 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 SMA Solar Technology AG and its competitors. For the Semiconductors industry, the median Pretax Margin % is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMA Solar Technology AG's current Pretax Margin % is 3.34%, which is 351% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMA Solar Technology AG stock overvalued right now?
Based on GuruFocus' analysis, SMA Solar Technology AG (SMTGY) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.53, compared to a current price of $5.91 — trading 67.5% above its estimated fair value. The current Pretax Margin % is 3.34%, which is 351% above median its 10-year median of 0.74 and 34.1% below the Semiconductors industry median of 5.07. SMA Solar Technology AG's overall GF Score™ is 66/100 with 3 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 SMA Solar Technology AG (SMTGY), the current Pretax Margin % is 3.34% 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 SMA Solar Technology AG (SMTGY) Overvalued in 2026?
Based on GuruFocus' analysis, SMA Solar Technology AG stock appears to be overvalued.
The current stock price of $5.91 is trading 67.5% above its estimated GF Value™ of $3.53.
GuruFocus considers SMA Solar Technology AG to be Significantly Overvalued.
Key valuation signals for SMTGY:
Pretax Margin %: 3.34% (351% above median its 10-year median of 0.74)
GF Value™: $3.53 vs. price of $5.91 (67.5% above fair value)
Industry Position: 34.1% below the Semiconductors median (#791 of 1021)
No single metric tells the full story. See the SMTGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMA Solar Technology AG produces, develops, and sells systems and solutions for the efficient and sustainable generation, storage, and use of solar energy. Its products include PV and battery inverters, monitoring systems for PV systems, charging solutions for electric vehicles, as well as energy management systems, and digital services for the future energy supply. The company operates through the following segments: Home & Business Solutions and Large Scale & Project Solutions. The Large Scale & Project Solutions segment, which derives key revenue for the company, offers products, systems, and solutions around the globe for solar, storage, and hydrogen projects on a power plant scale, as well as for the transition of power grids toward a higher share of renewable energy.
66GF Score
Get the complete analysis for SMTGY
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SMTGY has been successfully added to your 
