Are HoldingsTSE:5857 +2.53%85 Pretax Margin % is 4.39% as of Mar. 2026, which is 49% below its 10-year median of 8.64. GuruFocus rates TSE:5857 with a GF Score™ of 85/100 and a GF Value™ of 円3,908.14 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 239 Waste Management companies, Are Holdings ranks better than 53.14% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Are Holdings's Pre-Tax Income for the
three
months ended in Mar. 2026 was 円8,133 Mil. Are Holdings's Revenue for the
three
months ended in Mar. 2026 was 円185,337 Mil. Therefore, Are Holdings's pretax margin for the quarter that ended in Mar. 2026 was 4.39%.
The historical rank and industry rank for Are Holdings's Pretax Margin % or its related term are showing as below:
TSE:5857'
s Pretax Margin % Range Over the Past 10 Years
Min: 1.64 Med: 8.64 Max: 15.86
Current: 6.09
TSE:5857's Pretax Margin % is ranked better than 53.14% of 239
companies
in the Waste Management industry
Industry Median: 4.76
vs TSE:5857: 6.09
Are Holdings (TSE:5857) 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.
Are Holdings Pretax Margin % Related Terms
Are Holdings Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Are Holdings'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:5857 vs WM, RSG, WCN: Pretax Margin % Comparison
For the Waste Management subindustry, Are Holdings'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.
Are Holdings Pretax Margin % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Are Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Are Holdings'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.
Are Holdings (TSE:5857) has a Pretax Margin % of 4.39% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Are Holdings and its competitors. This is 49% below median its historical median of 8.64. Over the past decade, Are Holdings' Pretax Margin % has ranged from 1.64 to 15.86. According to the industry distribution chart, Are Holdings ranks #112 out of 239 companies in the Waste Management industry, placing it in the top 46.9%.
Is Are Holdings' Pretax Margin % too high?
Are Holdings' current Pretax Margin % of 4.39% is 49% below median its 10-year median of 8.64. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 15.86. The Waste Management industry median Pretax Margin % is 4.76. Are Holdings' value of 4.39% is 7.8% below this industry median. Based on the distribution chart, Are Holdings ranks #112 out of 239 companies in the Waste Management industry, which is above the industry midpoint. Overall, Are Holdings has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Are Holdings' Pretax Margin % compare to WM and RSG?
According to the Waste Management industry distribution chart, Are Holdings ranks #112 out of 239 companies for Pretax Margin %. This puts Are Holdings in the upper half of its industry. The industry median Pretax Margin % is 4.76. Are Holdings' value of 4.39% is 7.8% below this benchmark. Historically, Are Holdings' own Pretax Margin % has ranged from 1.64 to 15.86 over the past decade. While the company's 10-year median is 8.64 vs. the industry median of 4.76, Are Holdings 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 Waste Management company?
The median Pretax Margin % among Waste Management companies is 4.76, based on 239 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. Are Holdings's current Pretax Margin % of 4.39% is 7.8% 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 Are Holdings and its competitors. For the Waste Management industry, the median Pretax Margin % is 4.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Are Holdings's current Pretax Margin % is 4.39%, which is 49% below median its own 10-year median of 8.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Are Holdings stock overvalued right now?
Based on GuruFocus' analysis, Are Holdings (TSE:5857) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,908.14, compared to a current price of 円3,035.00 — trading 22.3% below its estimated fair value. The current Pretax Margin % is 4.39%, which is 49% below median its 10-year median of 8.64 and 7.8% below the Waste Management industry median of 4.76. Are Holdings' overall GF Score™ is 85/100 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 Are Holdings (TSE:5857), the current Pretax Margin % is 4.39% 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 Are Holdings (TSE:5857) Overvalued in 2026?
Based on GuruFocus' analysis, Are Holdings stock appears to be undervalued.
The current stock price of 円3,035.00 is trading 22.3% below its estimated GF Value™ of 円3,908.14.
GuruFocus considers Are Holdings to be Modestly Undervalued.
Key valuation signals for TSE:5857:
Pretax Margin %: 4.39% (49% below median its 10-year median of 8.64)
GF Value™: 円3,908.14 vs. price of 円3,035.00 (22.3% below fair value)
Industry Position: 7.8% below the Waste Management median (#112 of 239)
No single metric tells the full story. See the TSE:5857 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Are Holdings Inc formerly Asahi Holdings Inc is operative in the Japanese waste management industry. The company's principal interest lies in the precious metals recycling activities. This segment deals with the recycling and sale of precious metals and rare metals, including gold, silver, palladium, platinum, and indium, which are refined from precious metal-containing scraps inclusive of electronic materials, dental materials, jewelry manufacture and automobile catalysts. Asahi's secondary line of business is responsible for the collection, transportation and intermediate treatment of industrial wastes, such as waste acids, waste alkalis, waste oil, sludge, waste drugs and infectious medical wastes.
85GF Score
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