Far Eastern Department Stores (TPE:2903) Pretax Margin %: 9.87% (As of Dec. 2025) — 22% Above Median


TPE:2903 Far Eastern Department Stores Ltd TPE:2903
73 GF Score
Price NT$21.80
GF Value NT$22.25
Valuation Fairly Valued
! 7 Warning Signs
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What is Far Eastern Department Stores Pretax Margin %?

Far Eastern Department Stores TPE:2903 -5.22% 73 Pretax Margin % is 9.87% as of Dec. 2025, which is 22% above its 10-year median of 8.12. GuruFocus rates TPE:2903 with a GF Score™ of 73/100 and a GF Value™ of NT$22.25 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,124 Retail - Cyclical companies, Far Eastern Department Stores ranks better than 76.25% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Far Eastern Department Stores's Pre-Tax Income for the three months ended in Dec. 2025 was NT$1,030 Mil. Far Eastern Department Stores's Revenue for the three months ended in Dec. 2025 was NT$10,436 Mil. Therefore, Far Eastern Department Stores's pretax margin for the quarter that ended in Dec. 2025 was 9.87%.

The historical rank and industry rank for Far Eastern Department Stores's Pretax Margin % or its related term are showing as below:

TPE:2903' s Pretax Margin % Range Over the Past 10 Years
Min: 4.88   Med: 8.12   Max: 14.09
Current: 9.31


TPE:2903's Pretax Margin % is ranked better than
76.25% of 1124 companies
in the Retail - Cyclical industry
Industry Median: 3.17 vs TPE:2903: 9.31

Far Eastern Department Stores  (TPE:2903) 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.


Far Eastern Department Stores Pretax Margin % Related Terms


Far Eastern Department Stores Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Far Eastern Department Stores'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.

Far Eastern Department Stores Pretax Margin % Chart

Far Eastern Department Stores 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 6.90 9.78 14.09 10.23 9.31

Far Eastern Department Stores 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 11.41 9.34 8.61 9.18 9.87

TPE:2903 vs DDS, M: Pretax Margin % Comparison

For the Department Stores subindustry, Far Eastern Department Stores'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.


Far Eastern Department Stores Pretax Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Far Eastern Department Stores's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Far Eastern Department Stores's Pretax Margin % falls into.


TPE:2903
73GF Score
Far Eastern Department Stores Ltd TPE:2903
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Far Eastern Department Stores 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.

Far Eastern Department Stores'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 )
=3170.078/34068.301
=9.31 %

Far Eastern Department Stores'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 )
=1030.023/10435.509
=9.87 %

* 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 9.87% mean?
Far Eastern Department Stores (TPE:2903) has a Pretax Margin % of 9.87% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Far Eastern Department Stores and its competitors. This is 22% above median its historical median of 8.12. Over the past decade, Far Eastern Department Stores' Pretax Margin % has ranged from 4.88 to 14.09. According to the industry distribution chart, Far Eastern Department Stores ranks #267 out of 1124 companies in the Retail - Cyclical industry, placing it in the top 23.8%.
Is Far Eastern Department Stores' Pretax Margin % too high?
Far Eastern Department Stores' current Pretax Margin % of 9.87% is 22% above median its 10-year median of 8.12. Over the past 10 years, this metric has ranged from a low of 4.88 to a high of 14.09. The Retail - Cyclical industry median Pretax Margin % is 3.17. Far Eastern Department Stores' value of 9.87% is 211.4% above this industry median. Based on the distribution chart, Far Eastern Department Stores ranks #267 out of 1124 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Far Eastern Department Stores has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Far Eastern Department Stores' Pretax Margin % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Far Eastern Department Stores ranks #267 out of 1124 companies for Pretax Margin %. This places Far Eastern Department Stores in the top 24% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.17. Far Eastern Department Stores' value of 9.87% is 211.4% above this benchmark. Historically, Far Eastern Department Stores' own Pretax Margin % has ranged from 4.88 to 14.09 over the past decade. While the company's 10-year median is 8.12 vs. the industry median of 3.17, Far Eastern Department Stores 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 Retail - Cyclical company?
The median Pretax Margin % among Retail - Cyclical companies is 3.17, based on 1,124 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. Far Eastern Department Stores's current Pretax Margin % of 9.87% is 211.4% 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 Far Eastern Department Stores and its competitors. For the Retail - Cyclical industry, the median Pretax Margin % is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far Eastern Department Stores's current Pretax Margin % is 9.87%, which is 22% above median its own 10-year median of 8.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far Eastern Department Stores stock overvalued right now?
Based on GuruFocus' analysis, Far Eastern Department Stores (TPE:2903) is currently considered Fairly Valued. The stock's GF Value™ is NT$22.25, compared to a current price of NT$21.80 — trading 2% below its estimated fair value. The current Pretax Margin % is 9.87%, which is 22% above median its 10-year median of 8.12 and 211.4% above the Retail - Cyclical industry median of 3.17. Far Eastern Department Stores' overall GF Score™ is 73/100 with 7 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 Far Eastern Department Stores (TPE:2903), the current Pretax Margin % is 9.87% 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 Far Eastern Department Stores (TPE:2903) Overvalued in 2026?

Based on GuruFocus' analysis, Far Eastern Department Stores stock appears to be undervalued. The current stock price of NT$21.80 is trading 2% below its estimated GF Value™ of NT$22.25. GuruFocus considers Far Eastern Department Stores to be Fairly Valued.

Key valuation signals for TPE:2903:

  • Pretax Margin %: 9.87% (22% above median its 10-year median of 8.12)
  • GF Value™: NT$22.25 vs. price of NT$21.80 (2% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 211.4% above the Retail - Cyclical median (#267 of 1124)

No single metric tells the full story. See the TPE:2903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Far Eastern Department Stores Business Description

Address Xinzhan Road, No. 16, 18th Floor, Banqiao District, New Taipei City, TWN, 220
Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores and supermarkets. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. Geographically, the Group generates maximum revenue from ROC, and the rest from China.
73GF Score

Get the complete analysis for TPE:2903

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

NT$21.80
Price
NT$22.25
GF Value