Mercuries & AssociatesTPE:2905 68 Pretax Margin % is 0.53% as of Dec. 2025, which is 33% below its 10-year median of 0.79. GuruFocus rates TPE:2905 with a GF Score™ of 68/100 and a GF Value™ of NT$11.68 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 504 Insurance companies, Mercuries & Associates ranks worse than 89.29% 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.
Mercuries & Associates Pretax Margin % Related Terms
Mercuries & Associates Pretax Margin % Historical Data
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The historical data trend for Mercuries & Associates'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.
TPE:2905 vs AFL, MET, PRU: Pretax Margin % Comparison
For the Insurance - Life subindustry, Mercuries & Associates'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.
Mercuries & Associates Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Mercuries & Associates's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mercuries & Associates'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.
Mercuries & Associates (TPE:2905) has a Pretax Margin % of 0.53% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mercuries & Associates and its competitors. This is 33% below median its historical median of 0.79. According to the industry distribution chart, Mercuries & Associates ranks #450 out of 504 companies in the Insurance industry, placing it in the top 89.3%.
Is Mercuries & Associates' Pretax Margin % too high?
Mercuries & Associates' current Pretax Margin % of 0.53% is 33% below median its 10-year median of 0.79. The Insurance industry median Pretax Margin % is 11.98. Mercuries & Associates' value of 0.53% is 95.6% below this industry median. Based on the distribution chart, Mercuries & Associates ranks #450 out of 504 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Mercuries & Associates has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercuries & Associates' Pretax Margin % compare to AFL and MET?
According to the Insurance industry distribution chart, Mercuries & Associates ranks #450 out of 504 companies for Pretax Margin %. This places Mercuries & Associates in the lower half of its industry. The industry median Pretax Margin % is 11.98. Mercuries & Associates' value of 0.53% is 95.6% below this benchmark. While the company's 10-year median is 0.79 vs. the industry median of 11.98, Mercuries & Associates 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 an Insurance company?
The median Pretax Margin % among Insurance companies is 11.98, based on 504 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. Mercuries & Associates's current Pretax Margin % of 0.53% is 95.6% 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 Mercuries & Associates and its competitors. For the Insurance industry, the median Pretax Margin % is 11.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercuries & Associates's current Pretax Margin % is 0.53%, which is 33% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercuries & Associates stock overvalued right now?
Based on GuruFocus' analysis, Mercuries & Associates (TPE:2905) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$11.68, compared to a current price of NT$14.80 — trading 26.7% above its estimated fair value. The current Pretax Margin % is 0.53%, which is 33% below median its 10-year median of 0.79 and 95.6% below the Insurance industry median of 11.98. Mercuries & Associates' overall GF Score™ is 68/100 with 5 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 Mercuries & Associates (TPE:2905), the current Pretax Margin % is 0.53% 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 Mercuries & Associates (TPE:2905) Overvalued in 2026?
Based on GuruFocus' analysis, Mercuries & Associates stock appears to be overvalued.
The current stock price of NT$14.80 is trading 26.7% above its estimated GF Value™ of NT$11.68.
GuruFocus considers Mercuries & Associates to be Modestly Overvalued.
Key valuation signals for TPE:2905:
Pretax Margin %: 0.53% (33% below median its 10-year median of 0.79)
GF Value™: NT$11.68 vs. price of NT$14.80 (26.7% above fair value)
Industry Position: 95.6% below the Insurance median (#450 of 504)
No single metric tells the full story. See the TPE:2905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercuries & Associates Ltd is mainly engaged in finance and investment. The company is engaged in diversified businesses such as insurance, food and beverage, pharmaceutical, and IT integration. The segment of the company include Life insurance, Retail, Food and beverage, Food, IT service, Pharmaceutical, and Others. The company derives maximum revenue from the Life Insurance segment. Geographically, the company operates in domestic regions only.
68GF Score
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