Taiwan PaihoTPE:9938 -1.09%78 Pretax Margin % is 9.92% as of Dec. 2025, which is 39% below its 10-year median of 16.36. GuruFocus rates TPE:9938 with a GF Score™ of 78/100 and a GF Value™ of NT$68.91 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,035 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks better than 84.83% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Taiwan Paiho's Pre-Tax Income for the
three
months ended in Dec. 2025 was NT$374 Mil. Taiwan Paiho's Revenue for the
three
months ended in Dec. 2025 was NT$3,767 Mil. Therefore, Taiwan Paiho's pretax margin for the quarter that ended in Dec. 2025 was 9.92%.
The historical rank and industry rank for Taiwan Paiho's Pretax Margin % or its related term are showing as below:
TPE:9938'
s Pretax Margin % Range Over the Past 10 Years
Min: 3.78 Med: 16.36 Max: 22.16
Current: 13.33
TPE:9938's Pretax Margin % is ranked better than 84.83% of 1035
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.52
vs TPE:9938: 13.33
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.
Taiwan Paiho Pretax Margin % Related Terms
Taiwan Paiho Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Taiwan Paiho'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.
For the Textile Manufacturing subindustry, Taiwan Paiho'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.
Taiwan Paiho Pretax Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Taiwan Paiho'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.
Taiwan Paiho (TPE:9938) has a Pretax Margin % of 9.92% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Taiwan Paiho and its competitors. This is 39% below median its historical median of 16.36. Over the past decade, Taiwan Paiho's Pretax Margin % has ranged from 3.78 to 22.16. According to the industry distribution chart, Taiwan Paiho ranks #157 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.2%.
Is Taiwan Paiho's Pretax Margin % too high?
Taiwan Paiho's current Pretax Margin % of 9.92% is 39% below median its 10-year median of 16.36. Over the past 10 years, this metric has ranged from a low of 3.78 to a high of 22.16. The Manufacturing - Apparel & Accessories industry median Pretax Margin % is 3.52. Taiwan Paiho's value of 9.92% is 181.8% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #157 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Paiho has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Pretax Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #157 out of 1035 companies for Pretax Margin %. This places Taiwan Paiho in the top 15% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.52. Taiwan Paiho's value of 9.92% is 181.8% above this benchmark. Historically, Taiwan Paiho's own Pretax Margin % has ranged from 3.78 to 22.16 over the past decade. While the company's 10-year median is 16.36 vs. the industry median of 3.52, Taiwan Paiho 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 Manufacturing - Apparel & Accessories company?
The median Pretax Margin % among Manufacturing - Apparel & Accessories companies is 3.52, based on 1,035 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. Taiwan Paiho's current Pretax Margin % of 9.92% is 181.8% 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 Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Pretax Margin % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current Pretax Margin % is 9.92%, which is 39% below median its own 10-year median of 16.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.91, compared to a current price of NT$45.40 — trading 34.1% below its estimated fair value. The current Pretax Margin % is 9.92%, which is 39% below median its 10-year median of 16.36 and 181.8% above the Manufacturing - Apparel & Accessories industry median of 3.52. Taiwan Paiho's overall GF Score™ is 78/100 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 Taiwan Paiho (TPE:9938), the current Pretax Margin % is 9.92% 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 Taiwan Paiho (TPE:9938) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued.
The current stock price of NT$45.40 is trading 34.1% below its estimated GF Value™ of NT$68.91.
GuruFocus considers Taiwan Paiho to be Possible Value Trap.
Key valuation signals for TPE:9938:
Pretax Margin %: 9.92% (39% below median its 10-year median of 16.36)
GF Value™: NT$68.91 vs. price of NT$45.40 (34.1% below fair value)
Industry Position: 181.8% above the Manufacturing - Apparel & Accessories median (#157 of 1035)
No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
78GF Score
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