Yang Ming Marine Transport (TPE:2609) Pretax Margin %: 5.25% (As of Dec. 2025) — 44% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2609 Yang Ming Marine Transport Corp TPE:2609
70 GF Score
Price NT$50.20
GF Value NT$53.43
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Yang Ming Marine Transport Pretax Margin %?

Yang Ming Marine Transport TPE:2609 70 Pretax Margin % is 5.25% as of Dec. 2025, which is 44% below its 10-year median of 9.36. GuruFocus rates TPE:2609 with a GF Score™ of 70/100 and a GF Value™ of NT$53.43 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,000 Transportation companies, Yang Ming Marine Transport ranks better than 71.1% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Yang Ming Marine Transport's Pre-Tax Income for the three months ended in Dec. 2025 was NT$1,959 Mil. Yang Ming Marine Transport's Revenue for the three months ended in Dec. 2025 was NT$37,293 Mil. Therefore, Yang Ming Marine Transport's pretax margin for the quarter that ended in Dec. 2025 was 5.25%.

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

TPE:2609' s Pretax Margin % Range Over the Past 10 Years
Min: -13.6   Med: 9.36   Max: 62.15
Current: 14.25


TPE:2609's Pretax Margin % is ranked better than
71.1% of 1000 companies
in the Transportation industry
Industry Median: 6.745 vs TPE:2609: 14.25

Yang Ming Marine Transport  (TPE:2609) 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.


Yang Ming Marine Transport Pretax Margin % Related Terms


Yang Ming Marine Transport Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Yang Ming Marine Transport'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.

Yang Ming Marine Transport Pretax Margin % Chart

Yang Ming Marine Transport 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 60.65 62.15 8.03 35.84 14.25

Yang Ming Marine Transport 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 28.94 22.16 9.20 18.30 5.25

Yang Ming Marine Transport Pretax Margin % Competitor Comparison

For the Marine Shipping subindustry, Yang Ming Marine Transport'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.


Yang Ming Marine Transport Pretax Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Yang Ming Marine Transport's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Yang Ming Marine Transport's Pretax Margin % falls into.


TPE:2609
70GF Score
Yang Ming Marine Transport Corp TPE:2609
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yang Ming Marine Transport 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.

Yang Ming Marine Transport'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 )
=23304.766/163558.095
=14.25 %

Yang Ming Marine Transport'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 )
=1958.816/37292.622
=5.25 %

* 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 5.25% mean?
Yang Ming Marine Transport (TPE:2609) has a Pretax Margin % of 5.25% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Yang Ming Marine Transport and its competitors. This is 44% below median its historical median of 9.36. According to the industry distribution chart, Yang Ming Marine Transport ranks #289 out of 1000 companies in the Transportation industry, placing it in the top 28.9%.
Is Yang Ming Marine Transport's Pretax Margin % too high?
Yang Ming Marine Transport's current Pretax Margin % of 5.25% is 44% below median its 10-year median of 9.36. The Transportation industry median Pretax Margin % is 6.75. Yang Ming Marine Transport's value of 5.25% is 22.2% below this industry median. Based on the distribution chart, Yang Ming Marine Transport ranks #289 out of 1000 companies in the Transportation industry, which is above the industry midpoint. Overall, Yang Ming Marine Transport has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yang Ming Marine Transport's Pretax Margin % compare to competitors?
According to the Transportation industry distribution chart, Yang Ming Marine Transport ranks #289 out of 1000 companies for Pretax Margin %. This puts Yang Ming Marine Transport in the upper half of its industry. The industry median Pretax Margin % is 6.75. Yang Ming Marine Transport's value of 5.25% is 22.2% below this benchmark. While the company's 10-year median is 9.36 vs. the industry median of 6.75, Yang Ming Marine Transport has consistently been below 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 Transportation company?
The median Pretax Margin % among Transportation companies is 6.75, based on 1,000 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. Yang Ming Marine Transport's current Pretax Margin % of 5.25% is 22.2% below 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 Yang Ming Marine Transport and its competitors. For the Transportation industry, the median Pretax Margin % is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yang Ming Marine Transport's current Pretax Margin % is 5.25%, which is 44% below median its own 10-year median of 9.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yang Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, Yang Ming Marine Transport (TPE:2609) is currently considered Fairly Valued. The stock's GF Value™ is NT$53.43, compared to a current price of NT$50.20 — trading 6% below its estimated fair value. The current Pretax Margin % is 5.25%, which is 44% below median its 10-year median of 9.36 and 22.2% below the Transportation industry median of 6.75. Yang Ming Marine Transport's overall GF Score™ is 70/100 with 6 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 Yang Ming Marine Transport (TPE:2609), the current Pretax Margin % is 5.25% 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 Yang Ming Marine Transport (TPE:2609) Overvalued in 2026?

Based on GuruFocus' analysis, Yang Ming Marine Transport stock appears to be undervalued. The current stock price of NT$50.20 is trading 6% below its estimated GF Value™ of NT$53.43. GuruFocus considers Yang Ming Marine Transport to be Fairly Valued.

Key valuation signals for TPE:2609:

  • Pretax Margin %: 5.25% (44% below median its 10-year median of 9.36)
  • GF Value™: NT$53.43 vs. price of NT$50.20 (6% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 22.2% below the Transportation median (#289 of 1000)

No single metric tells the full story. See the TPE:2609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yang Ming Marine Transport Business Description

Address Ming De 1st Road, No. 271, Qidu District, Keelung, TWN, 206006
Yang Ming Marine Transport Corp mainly engages in the shipping, repair, chartering, and sale and purchase of ships, containers, and chassis. Additionally, it operates as a shipping agency. The Group's reportable operating segments are: Containership, which generates maximum revenue, Bulk Shipping, and Other. These segments have been aggregated into a single operating segment. Geographically, the Group generates maximum revenue from Europe, followed by Asia, America, and its domestic market.
70GF Score

Get the complete analysis for TPE:2609

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

NT$50.20
Price
NT$53.43
GF Value