Cheng Shin Rubber Industry Co (TPE:2105) Pretax Margin %: 6.55% (As of Dec. 2025) — 13% Below Median


TPE:2105 Cheng Shin Rubber Industry Co Ltd TPE:2105
77 GF Score
Price NT$31.70
GF Value NT$42.44
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Cheng Shin Rubber Industry Co Pretax Margin %?

Cheng Shin Rubber Industry Co TPE:2105 +5.32% 77 Pretax Margin % is 6.55% as of Dec. 2025, which is 13% below its 10-year median of 7.50. GuruFocus rates TPE:2105 with a GF Score™ of 77/100 and a GF Value™ of NT$42.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,325 Vehicles & Parts companies, Cheng Shin Rubber Industry Co ranks better than 68% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Cheng Shin Rubber Industry Co's Pre-Tax Income for the three months ended in Dec. 2025 was NT$1,372 Mil. Cheng Shin Rubber Industry Co's Revenue for the three months ended in Dec. 2025 was NT$20,955 Mil. Therefore, Cheng Shin Rubber Industry Co's pretax margin for the quarter that ended in Dec. 2025 was 6.55%.

The historical rank and industry rank for Cheng Shin Rubber Industry Co's Pretax Margin % or its related term are showing as below:

TPE:2105' s Pretax Margin % Range Over the Past 10 Years
Min: 5.32   Med: 7.5   Max: 15.24
Current: 7.54


TPE:2105's Pretax Margin % is ranked better than
68% of 1325 companies
in the Vehicles & Parts industry
Industry Median: 4.38 vs TPE:2105: 7.54

Cheng Shin Rubber Industry Co  (TPE:2105) 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.


Cheng Shin Rubber Industry Co Pretax Margin % Related Terms


Cheng Shin Rubber Industry Co Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co Pretax Margin % Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.05 7.07 10.92 11.16 7.54

Cheng Shin Rubber Industry Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.25 8.84 5.79 8.84 6.55

TPE:2105 vs ORLY, AZO: Pretax Margin % Comparison

For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.


Cheng Shin Rubber Industry Co Pretax Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Pretax Margin % falls into.


TPE:2105
77GF Score
Cheng Shin Rubber Industry Co Ltd TPE:2105
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheng Shin Rubber Industry Co 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.

Cheng Shin Rubber Industry Co'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 )
=6842.805/90780.872
=7.54 %

Cheng Shin Rubber Industry Co'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 )
=1371.572/20955.145
=6.55 %

* 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 6.55% mean?
Cheng Shin Rubber Industry Co (TPE:2105) has a Pretax Margin % of 6.55% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Cheng Shin Rubber Industry Co and its competitors. This is 13% below median its historical median of 7.50. Over the past decade, Cheng Shin Rubber Industry Co's Pretax Margin % has ranged from 5.32 to 15.24. According to the industry distribution chart, Cheng Shin Rubber Industry Co ranks #424 out of 1325 companies in the Vehicles & Parts industry, placing it in the top 32%.
Is Cheng Shin Rubber Industry Co's Pretax Margin % too high?
Cheng Shin Rubber Industry Co's current Pretax Margin % of 6.55% is 13% below median its 10-year median of 7.50. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 15.24. The Vehicles & Parts industry median Pretax Margin % is 4.38. Cheng Shin Rubber Industry Co's value of 6.55% is 49.5% above this industry median. Based on the distribution chart, Cheng Shin Rubber Industry Co ranks #424 out of 1325 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's Pretax Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Cheng Shin Rubber Industry Co ranks #424 out of 1325 companies for Pretax Margin %. This puts Cheng Shin Rubber Industry Co in the upper half of its industry. The industry median Pretax Margin % is 4.38. Cheng Shin Rubber Industry Co's value of 6.55% is 49.5% above this benchmark. Historically, Cheng Shin Rubber Industry Co's own Pretax Margin % has ranged from 5.32 to 15.24 over the past decade. While the company's 10-year median is 7.50 vs. the industry median of 4.38, Cheng Shin Rubber Industry 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 Vehicles & Parts company?
The median Pretax Margin % among Vehicles & Parts companies is 4.38, based on 1,325 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. Cheng Shin Rubber Industry Co's current Pretax Margin % of 6.55% is 49.5% 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 Cheng Shin Rubber Industry Co and its competitors. For the Vehicles & Parts industry, the median Pretax Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Shin Rubber Industry Co's current Pretax Margin % is 6.55%, which is 13% below median its own 10-year median of 7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Shin Rubber Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co (TPE:2105) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$42.44, compared to a current price of NT$31.70 — trading 25.3% below its estimated fair value. The current Pretax Margin % is 6.55%, which is 13% below median its 10-year median of 7.50 and 49.5% above the Vehicles & Parts industry median of 4.38. Cheng Shin Rubber Industry Co's overall GF Score™ is 77/100 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 Cheng Shin Rubber Industry Co (TPE:2105), the current Pretax Margin % is 6.55% 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 Cheng Shin Rubber Industry Co (TPE:2105) Overvalued in 2026?

Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co stock appears to be undervalued. The current stock price of NT$31.70 is trading 25.3% below its estimated GF Value™ of NT$42.44. GuruFocus considers Cheng Shin Rubber Industry Co to be Modestly Undervalued.

Key valuation signals for TPE:2105:

  • Pretax Margin %: 6.55% (13% below median its 10-year median of 7.50)
  • GF Value™: NT$42.44 vs. price of NT$31.70 (25.3% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 49.5% above the Vehicles & Parts median (#424 of 1325)

No single metric tells the full story. See the TPE:2105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheng Shin Rubber Industry Co Business Description

Address No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc. Its geographical segments are Taiwan, China, the United States, and Others.
77GF Score

Get the complete analysis for TPE:2105

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

NT$31.70
Price
NT$42.44
GF Value