Gold Circuit ElectronicsTPE:2368 +1.23%75 Pretax Margin % is 26.10% as of Dec. 2025, which is 95% above its 10-year median of 13.38. GuruFocus rates TPE:2368 with a GF Score™ of 75/100 and a GF Value™ of NT$489.16 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,475 Hardware companies, Gold Circuit Electronics ranks better than 93.66% 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.
Gold Circuit Electronics Pretax Margin % Related Terms
Gold Circuit Electronics 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.
For the Electronic Components subindustry, Gold Circuit Electronics'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.
Gold Circuit Electronics Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Gold Circuit Electronics's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Gold Circuit Electronics'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.
Gold Circuit Electronics (TPE:2368) has a Pretax Margin % of 26.10% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Gold Circuit Electronics and its competitors. This is 95% above median its historical median of 13.38. According to the industry distribution chart, Gold Circuit Electronics ranks #157 out of 2475 companies in the Hardware industry, placing it in the top 6.3%.
Is Gold Circuit Electronics' Pretax Margin % too high?
Gold Circuit Electronics' current Pretax Margin % of 26.10% is 95% above median its 10-year median of 13.38. The Hardware industry median Pretax Margin % is 3.58. Gold Circuit Electronics' value of 26.10% is 629.1% above this industry median. Based on the distribution chart, Gold Circuit Electronics ranks #157 out of 2475 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Gold Circuit Electronics has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gold Circuit Electronics' Pretax Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Gold Circuit Electronics ranks #157 out of 2475 companies for Pretax Margin %. This places Gold Circuit Electronics in the top 6% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. Gold Circuit Electronics' value of 26.10% is 629.1% above this benchmark. While the company's 10-year median is 13.38 vs. the industry median of 3.58, Gold Circuit Electronics 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 Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,475 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. Gold Circuit Electronics's current Pretax Margin % of 26.10% is 629.1% 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 Gold Circuit Electronics and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gold Circuit Electronics's current Pretax Margin % is 26.10%, which is 95% above median its own 10-year median of 13.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Circuit Electronics stock overvalued right now?
Based on GuruFocus' analysis, Gold Circuit Electronics (TPE:2368) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$489.16, compared to a current price of NT$1,235.00 — trading 152.5% above its estimated fair value. The current Pretax Margin % is 26.10%, which is 95% above median its 10-year median of 13.38 and 629.1% above the Hardware industry median of 3.58. Gold Circuit Electronics' overall GF Score™ is 75/100 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 Gold Circuit Electronics (TPE:2368), the current Pretax Margin % is 26.10% 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 Gold Circuit Electronics (TPE:2368) Overvalued in 2026?
Based on GuruFocus' analysis, Gold Circuit Electronics stock appears to be overvalued.
The current stock price of NT$1,235.00 is trading 152.5% above its estimated GF Value™ of NT$489.16.
GuruFocus considers Gold Circuit Electronics to be Significantly Overvalued.
Key valuation signals for TPE:2368:
Pretax Margin %: 26.10% (95% above median its 10-year median of 13.38)
GF Value™: NT$489.16 vs. price of NT$1,235.00 (152.5% above fair value)
Industry Position: 629.1% above the Hardware median (#157 of 2475)
No single metric tells the full story. See the TPE:2368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applied in notebooks, handheld devices, telecommunications, networking, and server & storage fields, among others. The company's revenue was generated from the sale of electronic products, such as printed circuit boards.
75GF Score
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