Thinking Electronic Industrial Co (TPE:2428) Pretax Margin %: 28.03% (As of Dec. 2025) — Near Median


TPE:2428 Thinking Electronic Industrial Co Ltd TPE:2428
78 GF Score
Price NT$311.00
GF Value NT$175.48
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Thinking Electronic Industrial Co Pretax Margin %?

Thinking Electronic Industrial Co TPE:2428 +2.30% 78 Pretax Margin % is 28.03% as of Dec. 2025, which is 9% above its 10-year median of 25.78. GuruFocus rates TPE:2428 with a GF Score™ of 78/100 and a GF Value™ of NT$175.48 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,475 Hardware companies, Thinking Electronic Industrial Co ranks better than 95.11% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Thinking Electronic Industrial Co's Pre-Tax Income for the three months ended in Dec. 2025 was NT$562 Mil. Thinking Electronic Industrial Co's Revenue for the three months ended in Dec. 2025 was NT$2,004 Mil. Therefore, Thinking Electronic Industrial Co's pretax margin for the quarter that ended in Dec. 2025 was 28.03%.

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

TPE:2428' s Pretax Margin % Range Over the Past 10 Years
Min: 22.54   Med: 25.78   Max: 31.54
Current: 26.8


TPE:2428's Pretax Margin % is ranked better than
95.11% of 2475 companies
in the Hardware industry
Industry Median: 3.58 vs TPE:2428: 26.80

Thinking Electronic Industrial Co  (TPE:2428) 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.


Thinking Electronic Industrial Co Pretax Margin % Related Terms


Thinking Electronic Industrial Co Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Thinking Electronic Industrial 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.

Thinking Electronic Industrial Co Pretax Margin % Chart

Thinking Electronic Industrial 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 28.79 24.07 24.34 27.46 26.80

Thinking Electronic Industrial 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 25.94 26.53 22.09 30.51 28.03

TPE:2428 vs APH, GLW: Pretax Margin % Comparison

For the Electronic Components subindustry, Thinking Electronic Industrial 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.


Thinking Electronic Industrial Co Pretax Margin % vs Hardware Industry

For the Hardware industry and Technology sector, Thinking Electronic Industrial Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Thinking Electronic Industrial Co's Pretax Margin % falls into.


TPE:2428
78GF Score
Thinking Electronic Industrial Co Ltd TPE:2428
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinking Electronic Industrial 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.

Thinking Electronic Industrial 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 )
=2153.368/8034.659
=26.80 %

Thinking Electronic Industrial 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 )
=561.762/2004.017
=28.03 %

* 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 28.03% mean?
Thinking Electronic Industrial Co (TPE:2428) has a Pretax Margin % of 28.03% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Thinking Electronic Industrial Co and its competitors. This is near median its historical median of 25.78. Over the past decade, Thinking Electronic Industrial Co's Pretax Margin % has ranged from 22.54 to 31.54. According to the industry distribution chart, Thinking Electronic Industrial Co ranks #121 out of 2475 companies in the Hardware industry, placing it in the top 4.9%.
Is Thinking Electronic Industrial Co's Pretax Margin % too high?
Thinking Electronic Industrial Co's current Pretax Margin % of 28.03% is near median its 10-year median of 25.78. Over the past 10 years, this metric has ranged from a low of 22.54 to a high of 31.54. The Hardware industry median Pretax Margin % is 3.58. Thinking Electronic Industrial Co's value of 28.03% is 683% above this industry median. Based on the distribution chart, Thinking Electronic Industrial Co ranks #121 out of 2475 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Thinking Electronic Industrial Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thinking Electronic Industrial Co's Pretax Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Thinking Electronic Industrial Co ranks #121 out of 2475 companies for Pretax Margin %. This places Thinking Electronic Industrial Co in the top 5% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. Thinking Electronic Industrial Co's value of 28.03% is 683% above this benchmark. Historically, Thinking Electronic Industrial Co's own Pretax Margin % has ranged from 22.54 to 31.54 over the past decade. While the company's 10-year median is 25.78 vs. the industry median of 3.58, Thinking Electronic Industrial 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 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. Thinking Electronic Industrial Co's current Pretax Margin % of 28.03% is 683% 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 Thinking Electronic Industrial Co 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. Thinking Electronic Industrial Co's current Pretax Margin % is 28.03%, which is near median its own 10-year median of 25.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co (TPE:2428) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$175.48, compared to a current price of NT$311.00 — trading 77.2% above its estimated fair value. The current Pretax Margin % is 28.03%, which is near median its 10-year median of 25.78 and 683% above the Hardware industry median of 3.58. Thinking Electronic Industrial Co'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 Thinking Electronic Industrial Co (TPE:2428), the current Pretax Margin % is 28.03% 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 Thinking Electronic Industrial Co (TPE:2428) Overvalued in 2026?

Based on GuruFocus' analysis, Thinking Electronic Industrial Co stock appears to be overvalued. The current stock price of NT$311.00 is trading 77.2% above its estimated GF Value™ of NT$175.48. GuruFocus considers Thinking Electronic Industrial Co to be Significantly Overvalued.

Key valuation signals for TPE:2428:

  • Pretax Margin %: 28.03% (near median its 10-year median of 25.78)
  • GF Value™: NT$175.48 vs. price of NT$311.00 (77.2% above fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 683% above the Hardware median (#121 of 2475)

No single metric tells the full story. See the TPE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thinking Electronic Industrial Co Business Description

Address Dashun 1st Road, No. 93, 8th Floor, Zuoying District, Kaohsiung, TWN
Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. Its product portfolio comprises negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes, among others. The Group's reportable segments are: Thinking Electronic Industrial (the company), which generates the maximum revenue, Thinking Changzhou, Dongguan Welkin and Zhongshan Welkin Guangdong, Thinking Yichang, Jiangxi Thinking, and Others. Geographically, it generates maximum revenue from Greater China (including Taiwan), and the rest from Europe and other regions.
78GF Score

Get the complete analysis for TPE:2428

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

NT$311.00
Price
NT$175.48
GF Value