Mayer Steel PipeTPE:2020 -1.15%75 Pretax Margin % is 15.72% as of Dec. 2025, which is 38% above its 10-year median of 11.43. GuruFocus rates TPE:2020 with a GF Score™ of 75/100 and a GF Value™ of NT$20.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 612 Steel companies, Mayer Steel Pipe ranks better than 89.05% on this metric.
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.
Mayer Steel Pipe Pretax Margin % Related Terms
Mayer Steel Pipe Pretax Margin % Historical Data
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The historical data trend for Mayer Steel Pipe'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.
TPE:2020 vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) has a Pretax Margin % of 15.72% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mayer Steel Pipe and its competitors. This is 38% above median its historical median of 11.43. Over the past decade, Mayer Steel Pipe's Pretax Margin % has ranged from 5.12 to 18.86. According to the industry distribution chart, Mayer Steel Pipe ranks #67 out of 612 companies in the Steel industry, placing it in the top 10.9%.
Is Mayer Steel Pipe's Pretax Margin % too high?
Mayer Steel Pipe's current Pretax Margin % of 15.72% is 38% above median its 10-year median of 11.43. Over the past 10 years, this metric has ranged from a low of 5.12 to a high of 18.86. The Steel industry median Pretax Margin % is 2.57. Mayer Steel Pipe's value of 15.72% is 511.7% above this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #67 out of 612 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #67 out of 612 companies for Pretax Margin %. This places Mayer Steel Pipe in the top 11% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.57. Mayer Steel Pipe's value of 15.72% is 511.7% above this benchmark. Historically, Mayer Steel Pipe's own Pretax Margin % has ranged from 5.12 to 18.86 over the past decade. While the company's 10-year median is 11.43 vs. the industry median of 2.57, Mayer Steel Pipe 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 Steel company?
The median Pretax Margin % among Steel companies is 2.57, based on 612 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. Mayer Steel Pipe's current Pretax Margin % of 15.72% is 511.7% 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 Mayer Steel Pipe and its competitors. For the Steel industry, the median Pretax Margin % is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Pretax Margin % is 15.72%, which is 38% above median its own 10-year median of 11.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.99, compared to a current price of NT$21.45 — trading 2.2% above its estimated fair value. The current Pretax Margin % is 15.72%, which is 38% above median its 10-year median of 11.43 and 511.7% above the Steel industry median of 2.57. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 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 Mayer Steel Pipe (TPE:2020), the current Pretax Margin % is 15.72% 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.45 is trading 2.2% above its estimated GF Value™ of NT$20.99.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Pretax Margin %: 15.72% (38% above median its 10-year median of 11.43)
GF Value™: NT$20.99 vs. price of NT$21.45 (2.2% above fair value)
Industry Position: 511.7% above the Steel median (#67 of 612)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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