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.
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.
The historical rank and industry rank for Tong Ming Enterprise Co's Pretax Margin % or its related term are showing as below:
TPE:5538'
s Pretax Margin % Range Over the Past 10 Years
Min: 0.88 Med: 6.98 Max: 13.54
Current: 5.8
TPE:5538's Pretax Margin % is ranked better than 68.58% of 611
companies
in the Steel industry
Industry Median: 2.58
vs TPE:5538: 5.80
Tong Ming Enterprise Co (TPE:5538) 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.
Tong Ming Enterprise Co Pretax Margin % Related Terms
Tong Ming Enterprise Co Pretax Margin % Historical Data
* 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:5538 vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Tong Ming Enterprise 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.
Tong Ming Enterprise Co Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tong Ming Enterprise Co'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.
Tong Ming Enterprise Co (TPE:5538) has a Pretax Margin % of 5.69% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tong Ming Enterprise Co and its competitors. This is 18% below median its historical median of 6.98. Over the past decade, Tong Ming Enterprise Co's Pretax Margin % has ranged from 0.88 to 13.54. According to the industry distribution chart, Tong Ming Enterprise Co ranks #192 out of 611 companies in the Steel industry, placing it in the top 31.4%.
Is Tong Ming Enterprise Co's Pretax Margin % too high?
Tong Ming Enterprise Co's current Pretax Margin % of 5.69% is 18% below median its 10-year median of 6.98. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 13.54. The Steel industry median Pretax Margin % is 2.58. Tong Ming Enterprise Co's value of 5.69% is 120.5% above this industry median. Based on the distribution chart, Tong Ming Enterprise Co ranks #192 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, Tong Ming Enterprise Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Tong Ming Enterprise Co ranks #192 out of 611 companies for Pretax Margin %. This puts Tong Ming Enterprise Co in the upper half of its industry. The industry median Pretax Margin % is 2.58. Tong Ming Enterprise Co's value of 5.69% is 120.5% above this benchmark. Historically, Tong Ming Enterprise Co's own Pretax Margin % has ranged from 0.88 to 13.54 over the past decade. While the company's 10-year median is 6.98 vs. the industry median of 2.58, Tong Ming Enterprise 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 Steel company?
The median Pretax Margin % among Steel companies is 2.58, based on 611 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. Tong Ming Enterprise Co's current Pretax Margin % of 5.69% is 120.5% 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 Tong Ming Enterprise Co and its competitors. For the Steel industry, the median Pretax Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current Pretax Margin % is 5.69%, which is 18% below median its own 10-year median of 6.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Fairly Valued. The stock's GF Value™ is NT$30.68, compared to a current price of NT$33.45 — trading 9% above its estimated fair value. The current Pretax Margin % is 5.69%, which is 18% below median its 10-year median of 6.98 and 120.5% above the Steel industry median of 2.58. Tong Ming Enterprise Co's overall GF Score™ is 81/100 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 Tong Ming Enterprise Co (TPE:5538), the current Pretax Margin % is 5.69% 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued.
The current stock price of NT$33.45 is trading 9% above its estimated GF Value™ of NT$30.68.
GuruFocus considers Tong Ming Enterprise Co to be Fairly Valued.
Key valuation signals for TPE:5538:
Pretax Margin %: 5.69% (18% below median its 10-year median of 6.98)
GF Value™: NT$30.68 vs. price of NT$33.45 (9% above fair value)
Industry Position: 120.5% above the Steel median (#192 of 611)
No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
81GF Score
Get the complete analysis for TPE:5538
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:5538 has been successfully added to your 
