Sino Horizon Holdings (TPE:2923) Pretax Margin %: -155.82% (As of Dec. 2025)


TPE:2923 Sino Horizon Holdings Ltd TPE:2923
55 GF Score
Price NT$27.05
GF Value NT$15.11
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Sino Horizon Holdings Pretax Margin %?

Sino Horizon Holdings TPE:2923 +0.56% 55 Pretax Margin % is -155.82% as of Dec. 2025. GuruFocus rates TPE:2923 with a GF Score™ of 55/100 and a GF Value™ of NT$15.11 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,752 Real Estate companies, Sino Horizon Holdings ranks worse than 90.87% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Sino Horizon Holdings's Pre-Tax Income for the three months ended in Dec. 2025 was NT$-5,226 Mil. Sino Horizon Holdings's Revenue for the three months ended in Dec. 2025 was NT$3,354 Mil. Therefore, Sino Horizon Holdings's pretax margin for the quarter that ended in Dec. 2025 was -155.82%.

The historical rank and industry rank for Sino Horizon Holdings's Pretax Margin % or its related term are showing as below:

TPE:2923' s Pretax Margin % Range Over the Past 10 Years
Min: -103.38   Med: 34.75   Max: 60.29
Current: -103.38


TPE:2923's Pretax Margin % is ranked worse than
90.87% of 1752 companies
in the Real Estate industry
Industry Median: 12.44 vs TPE:2923: -103.38

Sino Horizon Holdings  (TPE:2923) 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.


Sino Horizon Holdings Pretax Margin % Related Terms


Sino Horizon Holdings Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Sino Horizon Holdings'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.

Sino Horizon Holdings Pretax Margin % Chart

Sino Horizon Holdings 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 40.90 29.68 38.20 41.25 -103.38

Sino Horizon Holdings 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 75.57 -48.95 -131.81 74.51 -155.82

Sino Horizon Holdings Pretax Margin % Competitor Comparison

For the Real Estate - Development subindustry, Sino Horizon Holdings'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.


Sino Horizon Holdings Pretax Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sino Horizon Holdings's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Sino Horizon Holdings's Pretax Margin % falls into.


TPE:2923
55GF Score
Sino Horizon Holdings Ltd TPE:2923
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sino Horizon Holdings 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.

Sino Horizon Holdings'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 )
=-5991.253/5795.331
=-103.38 %

Sino Horizon Holdings'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 )
=-5225.643/3353.658
=-155.82 %

* 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 -155.82% mean?
Sino Horizon Holdings (TPE:2923) has a Pretax Margin % of -155.82% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Sino Horizon Holdings and its competitors. According to the industry distribution chart, Sino Horizon Holdings ranks #1592 out of 1752 companies in the Real Estate industry, placing it in the top 90.9%.
Is Sino Horizon Holdings' Pretax Margin % too high?
Sino Horizon Holdings' current Pretax Margin % is -155.82%. Based on the distribution chart, Sino Horizon Holdings ranks #1592 out of 1752 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sino Horizon Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sino Horizon Holdings' Pretax Margin % compare to competitors?
According to the Real Estate industry distribution chart, Sino Horizon Holdings ranks #1592 out of 1752 companies for Pretax Margin %. This places Sino Horizon Holdings in the lower half of its industry. The industry median Pretax Margin % is 12.44. 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 Real Estate company?
The median Pretax Margin % among Real Estate companies is 12.44, based on 1,752 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. 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 Sino Horizon Holdings and its competitors. For the Real Estate industry, the median Pretax Margin % is 12.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Horizon Holdings's current Pretax Margin % is -155.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Horizon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sino Horizon Holdings (TPE:2923) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$27.05 — trading 79% above its estimated fair value. The current Pretax Margin % is -155.82%. Sino Horizon Holdings' overall GF Score™ is 55/100 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 Sino Horizon Holdings (TPE:2923), the current Pretax Margin % is -155.82% 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 Sino Horizon Holdings (TPE:2923) Overvalued in 2026?

Based on GuruFocus' analysis, Sino Horizon Holdings stock appears to be overvalued. The current stock price of NT$27.05 is trading 79% above its estimated GF Value™ of NT$15.11. GuruFocus considers Sino Horizon Holdings to be Significantly Overvalued.

Key valuation signals for TPE:2923:

  • Pretax Margin %: -155.82%
  • GF Value™: NT$15.11 vs. price of NT$27.05 (79% above fair value)
  • GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the TPE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sino Horizon Holdings Business Description

Address Ruijin 2 road, No.450, Huangpu District, Shanghai, CHN
Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, leases, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China and Taiwan.
55GF Score

Get the complete analysis for TPE:2923

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

NT$27.05
Price
NT$15.11
GF Value