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IACE TravelTSE:343A +0.93%20 Pretax Margin % is 22.49% as of Mar. 2026, which is 20% above its 10-year median of 18.80. GuruFocus rates TSE:343A with a GF Score™ of 20/100. Among 841 Travel & Leisure companies, IACE Travel ranks better than 86.68% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. IACE Travel's Pre-Tax Income for the
six
months ended in Mar. 2026 was 円339 Mil. IACE Travel's Revenue for the
six
months ended in Mar. 2026 was 円1,509 Mil. Therefore, IACE Travel's pretax margin for the quarter that ended in Mar. 2026 was 22.49%.
The historical rank and industry rank for IACE Travel's Pretax Margin % or its related term are showing as below:
TSE:343A'
s Pretax Margin % Range Over the Past 10 Years
Min: 10.86 Med: 18.8 Max: 25.04
Current: 25.04
TSE:343A's Pretax Margin % is ranked better than 86.68% of 841
companies
in the Travel & Leisure industry
Industry Median: 6.11
vs TSE:343A: 25.04
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.
IACE Travel Pretax Margin % Related Terms
IACE Travel Pretax Margin % Historical Data
* Premium members only.
The historical data trend for IACE Travel'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:343A vs BKNG, ABNB, RCL: Pretax Margin % Comparison
For the Travel Services subindustry, IACE Travel'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.
IACE Travel Pretax Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, IACE Travel's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where IACE Travel'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.
IACE Travel (TSE:343A) has a Pretax Margin % of 22.49% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on IACE Travel and its competitors. This is 20% above median its historical median of 18.80. Over the past decade, IACE Travel's Pretax Margin % has ranged from 10.86 to 25.04. According to the industry distribution chart, IACE Travel ranks #112 out of 841 companies in the Travel & Leisure industry, placing it in the top 13.3%.
Is IACE Travel's Pretax Margin % too high?
IACE Travel's current Pretax Margin % of 22.49% is 20% above median its 10-year median of 18.80. Over the past 10 years, this metric has ranged from a low of 10.86 to a high of 25.04. The Travel & Leisure industry median Pretax Margin % is 6.11. IACE Travel's value of 22.49% is 268.1% above this industry median. Based on the distribution chart, IACE Travel ranks #112 out of 841 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, IACE Travel has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does IACE Travel's Pretax Margin % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, IACE Travel ranks #112 out of 841 companies for Pretax Margin %. This places IACE Travel in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.11. IACE Travel's value of 22.49% is 268.1% above this benchmark. Historically, IACE Travel's own Pretax Margin % has ranged from 10.86 to 25.04 over the past decade. While the company's 10-year median is 18.80 vs. the industry median of 6.11, IACE Travel 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 Travel & Leisure company?
The median Pretax Margin % among Travel & Leisure companies is 6.11, based on 841 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. IACE Travel's current Pretax Margin % of 22.49% is 268.1% 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 IACE Travel and its competitors. For the Travel & Leisure industry, the median Pretax Margin % is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IACE Travel's current Pretax Margin % is 22.49%, which is 20% above median its own 10-year median of 18.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IACE Travel stock overvalued right now?
IACE Travel (TSE:343A) has a current Pretax Margin % of 22.49%. The current Pretax Margin % is 22.49%, which is 20% above median its 10-year median of 18.80 and 268.1% above the Travel & Leisure industry median of 6.11. IACE Travel's overall GF Score™ is 20/100. 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 IACE Travel (TSE:343A), the current Pretax Margin % is 22.49% as of Mar. 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.
IACE Travel Corp is engaged in travel business that operates the cloud-based booking system Smart BTM and provides business travel management services.
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