One REITTSE:3290 +0.68%55 Pretax Margin % is 41.00% as of Feb. 2026, which is 2% above its 10-year median of 40.19. GuruFocus rates TSE:3290 with a GF Score™ of 55/100 and a GF Value™ of 円89,249.94 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 927 REITs companies, One REIT ranks worse than 53.29% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. One REIT's Pre-Tax Income for the
six
months ended in Feb. 2026 was 円1,923 Mil. One REIT's Revenue for the
six
months ended in Feb. 2026 was 円4,690 Mil. Therefore, One REIT's pretax margin for the quarter that ended in Feb. 2026 was 41.00%.
The historical rank and industry rank for One REIT's Pretax Margin % or its related term are showing as below:
TSE:3290'
s Pretax Margin % Range Over the Past 10 Years
Min: 29.55 Med: 40.19 Max: 45.4
Current: 43.97
TSE:3290's Pretax Margin % is ranked worse than 53.29% of 927
companies
in the REITs industry
Industry Median: 46.7
vs TSE:3290: 43.97
One REIT (TSE:3290) 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.
One REIT Pretax Margin % Related Terms
One REIT Pretax Margin % Historical Data
* Premium members only.
The historical data trend for One REIT'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.
TSE:3290 vs BXP, ARE, VNO: Pretax Margin % Comparison
For the REIT - Office subindustry, One REIT'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.
One REIT Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, One REIT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where One REIT'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.
One REIT (TSE:3290) has a Pretax Margin % of 41.00% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on One REIT and its competitors. This is near median its historical median of 40.19. Over the past decade, One REIT's Pretax Margin % has ranged from 29.55 to 45.40. According to the industry distribution chart, One REIT ranks #494 out of 927 companies in the REITs industry, placing it in the top 53.3%.
Is One REIT's Pretax Margin % too high?
One REIT's current Pretax Margin % of 41.00% is near median its 10-year median of 40.19. Over the past 10 years, this metric has ranged from a low of 29.55 to a high of 45.40. The REITs industry median Pretax Margin % is 46.70. One REIT's value of 41.00% is 12.2% below this industry median. Based on the distribution chart, One REIT ranks #494 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, One REIT has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does One REIT's Pretax Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, One REIT ranks #494 out of 927 companies for Pretax Margin %. This places One REIT in the lower half of its industry. The industry median Pretax Margin % is 46.70. One REIT's value of 41.00% is 12.2% below this benchmark. Historically, One REIT's own Pretax Margin % has ranged from 29.55 to 45.40 over the past decade. While the company's 10-year median is 40.19 vs. the industry median of 46.70, One REIT 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 a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 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. One REIT's current Pretax Margin % of 41.00% is 12.2% 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 One REIT and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One REIT's current Pretax Margin % is 41.00%, which is near median its own 10-year median of 40.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One REIT stock overvalued right now?
Based on GuruFocus' analysis, One REIT (TSE:3290) is currently considered Modestly Undervalued. The stock's GF Value™ is 円89,249.94, compared to a current price of 円74,500.00 — trading 16.5% below its estimated fair value. The current Pretax Margin % is 41.00%, which is near median its 10-year median of 40.19 and 12.2% below the REITs industry median of 46.70. One REIT's 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 One REIT (TSE:3290), the current Pretax Margin % is 41.00% as of Feb. 2026. 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 One REIT (TSE:3290) Overvalued in 2026?
Based on GuruFocus' analysis, One REIT stock appears to be undervalued.
The current stock price of 円74,500.00 is trading 16.5% below its estimated GF Value™ of 円89,249.94.
GuruFocus considers One REIT to be Modestly Undervalued.
Key valuation signals for TSE:3290:
Pretax Margin %: 41.00% (near median its 10-year median of 40.19)
GF Value™: 円89,249.94 vs. price of 円74,500.00 (16.5% below fair value)
Industry Position: 12.2% below the REITs median (#494 of 927)
No single metric tells the full story. See the TSE:3290 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
One REIT Inc operates as a real estate investment trust. The company invest in commercial real estate and office buildings in Japan. It operates in a single segment, which is real estate leasing.
55GF Score
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