Inclusio (STU:9ZS) Pretax Margin %: 113.59% (As of Dec. 2025) — 24% Above Median


STU:9ZS Inclusio SA STU:9ZS
78 GF Score
Price €16.15
GF Value €17.25
! 8 Warning Signs
View Full Analysis

What is Inclusio Pretax Margin %?

Inclusio STU:9ZS -0.62% 78 Pretax Margin % is 113.59% as of Dec. 2025, which is 24% above its 10-year median of 91.80. GuruFocus rates STU:9ZS with a GF Score™ of 78/100 and a GF Value™ of €17.25. The stock has 8 warning signs investors should review. Among 1,756 Real Estate companies, Inclusio ranks better than 91.51% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Inclusio's Pre-Tax Income for the six months ended in Dec. 2025 was €9.56 Mil. Inclusio's Revenue for the six months ended in Dec. 2025 was €8.41 Mil. Therefore, Inclusio's pretax margin for the quarter that ended in Dec. 2025 was 113.59%.

The historical rank and industry rank for Inclusio's Pretax Margin % or its related term are showing as below:

STU:9ZS' s Pretax Margin % Range Over the Past 10 Years
Min: -46.87   Med: 91.8   Max: 234.2
Current: 91.8


STU:9ZS's Pretax Margin % is ranked better than
91.51% of 1756 companies
in the Real Estate industry
Industry Median: 12.535 vs STU:9ZS: 91.80

Inclusio  (STU:9ZS) 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.


Inclusio Pretax Margin % Related Terms


Inclusio Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Inclusio'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.

Inclusio Pretax Margin % Chart

Inclusio Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only 198.16 203.15 234.20 126.01 91.80

Inclusio Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 345.84 125.37 126.58 70.19 113.59

STU:9ZS vs CBRE, BEKE, JLL: Pretax Margin % Comparison

For the Real Estate Services subindustry, Inclusio'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.


Inclusio Pretax Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Inclusio's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Inclusio's Pretax Margin % falls into.


STU:9ZS
78GF Score
Inclusio SA STU:9ZS
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inclusio Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Inclusio's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=15.507/16.893
=91.80 %

Inclusio's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=9.555/8.412
=113.59 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 113.59% mean?
Inclusio (STU:9ZS) has a Pretax Margin % of 113.59% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Inclusio and its competitors. This is 24% above median its historical median of 91.80. According to the industry distribution chart, Inclusio ranks #149 out of 1756 companies in the Real Estate industry, placing it in the top 8.5%.
Is Inclusio's Pretax Margin % too high?
Inclusio's current Pretax Margin % of 113.59% is 24% above median its 10-year median of 91.80. The Real Estate industry median Pretax Margin % is 12.54. Inclusio's value of 113.59% is 806.2% above this industry median. Based on the distribution chart, Inclusio ranks #149 out of 1756 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Inclusio has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Inclusio's Pretax Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Inclusio ranks #149 out of 1756 companies for Pretax Margin %. This places Inclusio in the top 9% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 12.54. Inclusio's value of 113.59% is 806.2% above this benchmark. While the company's 10-year median is 91.80 vs. the industry median of 12.54, Inclusio 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 Real Estate company?
The median Pretax Margin % among Real Estate companies is 12.54, based on 1,756 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. Inclusio's current Pretax Margin % of 113.59% is 806.2% 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 Inclusio and its competitors. For the Real Estate industry, the median Pretax Margin % is 12.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inclusio's current Pretax Margin % is 113.59%, which is 24% above median its own 10-year median of 91.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inclusio stock overvalued right now?
Inclusio (STU:9ZS) has a current Pretax Margin % of 113.59%. The stock's GF Value™ is €17.25, compared to a current price of €16.15 — trading 6.4% below its estimated fair value. The current Pretax Margin % is 113.59%, which is 24% above median its 10-year median of 91.80 and 806.2% above the Real Estate industry median of 12.54. Inclusio's overall GF Score™ is 78/100 with 8 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 Inclusio (STU:9ZS), the current Pretax Margin % is 113.59% 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 Inclusio (STU:9ZS) Overvalued in 2026?

Based on GuruFocus' analysis, Inclusio stock appears to be undervalued. The current stock price of €16.15 is trading 6.4% below its estimated GF Value™ of €17.25.

Key valuation signals for STU:9ZS:

  • Pretax Margin %: 113.59% (24% above median its 10-year median of 91.80)
  • GF Value™: €17.25 vs. price of €16.15 (6.4% below fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 806.2% above the Real Estate median (#149 of 1756)

No single metric tells the full story. See the STU:9ZS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inclusio Business Description

Other Exchanges 9ZS:GermanyINCLU:Belgium
Address Avenue Herrmann-Debroux 40, Brussels, BEL, 1160
Inclusio SA holds and manages social housing residential assets. The company is engaged in acquisition, development and management buildings made available to low and middle income tenants. Its portfolio includes new or renovated residential buildings leased to social partners, schools, nurseries, and reception centers for asylum seekers.
78GF Score

Get the complete analysis for STU:9ZS

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.15
Price
€17.25
GF Value