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Nakayama Steel WorksTSE:5408 +0.16%67 Pretax Margin % is 2.27% as of Mar. 2026, which is 41% below its 10-year median of 3.87. GuruFocus rates TSE:5408 with a GF Score™ of 67/100 and a GF Value™ of 円623.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 611 Steel companies, Nakayama Steel Works ranks worse than 52.21% on this metric.
The historical rank and industry rank for Nakayama Steel Works's Pretax Margin % or its related term are showing as below:
TSE:5408'
s Pretax Margin % Range Over the Past 10 Years
Min: 2.29 Med: 3.87 Max: 7.24
Current: 2.29
TSE:5408's Pretax Margin % is ranked worse than 52.21% of 611
companies
in the Steel industry
Industry Median: 2.58
vs TSE:5408: 2.29
Nakayama Steel Works (TSE:5408) 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.
Nakayama Steel Works Pretax Margin % Related Terms
Nakayama Steel Works Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Nakayama Steel Works'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:5408 vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Nakayama Steel Works'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.
Nakayama Steel Works Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Nakayama Steel Works's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nakayama Steel Works'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.
Nakayama Steel Works (TSE:5408) has a Pretax Margin % of 2.27% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nakayama Steel Works and its competitors. This is 41% below median its historical median of 3.87. Over the past decade, Nakayama Steel Works' Pretax Margin % has ranged from 2.29 to 7.24. According to the industry distribution chart, Nakayama Steel Works ranks #319 out of 611 companies in the Steel industry, placing it in the top 52.2%.
Is Nakayama Steel Works' Pretax Margin % too high?
Nakayama Steel Works' current Pretax Margin % of 2.27% is 41% below median its 10-year median of 3.87. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 7.24. The Steel industry median Pretax Margin % is 2.58. Nakayama Steel Works' value of 2.27% is 12% below this industry median. Based on the distribution chart, Nakayama Steel Works ranks #319 out of 611 companies in the Steel industry, which is below the industry midpoint. Overall, Nakayama Steel Works has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nakayama Steel Works' Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Nakayama Steel Works ranks #319 out of 611 companies for Pretax Margin %. This places Nakayama Steel Works in the lower half of its industry. The industry median Pretax Margin % is 2.58. Nakayama Steel Works' value of 2.27% is 12% below this benchmark. Historically, Nakayama Steel Works' own Pretax Margin % has ranged from 2.29 to 7.24 over the past decade. While the company's 10-year median is 3.87 vs. the industry median of 2.58, Nakayama Steel Works 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 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. Nakayama Steel Works's current Pretax Margin % of 2.27% is 12% 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 Nakayama Steel Works 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. Nakayama Steel Works's current Pretax Margin % is 2.27%, which is 41% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nakayama Steel Works stock overvalued right now?
Based on GuruFocus' analysis, Nakayama Steel Works (TSE:5408) is currently considered Fairly Valued. The stock's GF Value™ is 円623.00, compared to a current price of 円624.00 — trading 0.2% above its estimated fair value. The current Pretax Margin % is 2.27%, which is 41% below median its 10-year median of 3.87 and 12% below the Steel industry median of 2.58. Nakayama Steel Works' overall GF Score™ is 67/100 with 3 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 Nakayama Steel Works (TSE:5408), the current Pretax Margin % is 2.27% 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.
Is Nakayama Steel Works (TSE:5408) Overvalued in 2026?
Based on GuruFocus' analysis, Nakayama Steel Works stock appears to be overvalued.
The current stock price of 円624.00 is trading 0.2% above its estimated GF Value™ of 円623.00.
GuruFocus considers Nakayama Steel Works to be Fairly Valued.
Key valuation signals for TSE:5408:
Pretax Margin %: 2.27% (41% below median its 10-year median of 3.87)
GF Value™: 円623.00 vs. price of 円624.00 (0.2% above fair value)
Industry Position: 12% below the Steel median (#319 of 611)
No single metric tells the full story. See the TSE:5408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nakayama Steel Works Ltd is a Japan-based company. The company operates in Steel, Engineering, and Real estate business. Its Steel business includes manufacturing and sale of steel products including coil products, steel sheets, bars and wire products. The company is also engaged in real estate buying, leasing and selling.
67GF Score
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