Taiwan AcceptanceTPE:9941 +0.63%63 Pretax Margin % is 24.54% as of Dec. 2025, which is 12% below its 10-year median of 27.76. GuruFocus rates TPE:9941 with a GF Score™ of 63/100 and a GF Value™ of NT$221.30 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 533 Credit Services companies, Taiwan Acceptance ranks better than 61.16% 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.
Taiwan Acceptance Pretax Margin % Related Terms
Taiwan Acceptance Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Taiwan Acceptance'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:9941 vs V, MA, AXP: Pretax Margin % Comparison
For the Credit Services subindustry, Taiwan Acceptance'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 Acceptance Pretax Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Taiwan Acceptance's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Taiwan Acceptance'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 Acceptance (TPE:9941) has a Pretax Margin % of 24.54% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Taiwan Acceptance and its competitors. This is 12% below median its historical median of 27.76. Over the past decade, Taiwan Acceptance's Pretax Margin % has ranged from 14.53 to 55.15. According to the industry distribution chart, Taiwan Acceptance ranks #207 out of 533 companies in the Credit Services industry, placing it in the top 38.8%.
Is Taiwan Acceptance's Pretax Margin % too high?
Taiwan Acceptance's current Pretax Margin % of 24.54% is 12% below median its 10-year median of 27.76. Over the past 10 years, this metric has ranged from a low of 14.53 to a high of 55.15. The Credit Services industry median Pretax Margin % is 20.02. Taiwan Acceptance's value of 24.54% is 22.6% above this industry median. Based on the distribution chart, Taiwan Acceptance ranks #207 out of 533 companies in the Credit Services industry, which is above the industry midpoint. Overall, Taiwan Acceptance has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Acceptance's Pretax Margin % compare to V and MA?
According to the Credit Services industry distribution chart, Taiwan Acceptance ranks #207 out of 533 companies for Pretax Margin %. This puts Taiwan Acceptance in the upper half of its industry. The industry median Pretax Margin % is 20.02. Taiwan Acceptance's value of 24.54% is 22.6% above this benchmark. Historically, Taiwan Acceptance's own Pretax Margin % has ranged from 14.53 to 55.15 over the past decade. While the company's 10-year median is 27.76 vs. the industry median of 20.02, Taiwan Acceptance 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 Credit Services company?
The median Pretax Margin % among Credit Services companies is 20.02, based on 533 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 Acceptance's current Pretax Margin % of 24.54% is 22.6% 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 Acceptance and its competitors. For the Credit Services industry, the median Pretax Margin % is 20.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Acceptance's current Pretax Margin % is 24.54%, which is 12% below median its own 10-year median of 27.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Acceptance stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Acceptance (TPE:9941) is currently considered Possible Value Trap. The stock's GF Value™ is NT$221.30, compared to a current price of NT$80.00 — trading 63.8% below its estimated fair value. The current Pretax Margin % is 24.54%, which is 12% below median its 10-year median of 27.76 and 22.6% above the Credit Services industry median of 20.02. Taiwan Acceptance's overall GF Score™ is 63/100 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 Taiwan Acceptance (TPE:9941), the current Pretax Margin % is 24.54% 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 Acceptance (TPE:9941) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Acceptance stock appears to be undervalued.
The current stock price of NT$80.00 is trading 63.8% below its estimated GF Value™ of NT$221.30.
GuruFocus considers Taiwan Acceptance to be Possible Value Trap.
Key valuation signals for TPE:9941:
Pretax Margin %: 24.54% (12% below median its 10-year median of 27.76)
GF Value™: NT$221.30 vs. price of NT$80.00 (63.8% below fair value)
Industry Position: 22.6% above the Credit Services median (#207 of 533)
No single metric tells the full story. See the TPE:9941 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Acceptance Corp mainly focuses on accounts receivable purchasing, installment accounts sales, and the equipment leasing business, which is related to products such as various vehicles, equipment, consumer goods, and power generation business. The Group's reportable segments are: Leasing, which generates the maximum revenue, and Financing. Geographically, it derives maximum revenue from Taiwan, followed by China, and other overseas markets.
63GF Score
Get the complete analysis for TPE:9941
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:9941 has been successfully added to your 
