Tosho CoTSE:8920 +1.87%88 Pretax Margin % is 22.09% as of Mar. 2026, which is 4% above its 10-year median of 21.14. GuruFocus rates TSE:8920 with a GF Score™ of 88/100 and a GF Value™ of 円648.97 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 550 Conglomerates companies, Tosho Co ranks better than 89.09% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Tosho Co's Pre-Tax Income for the
three
months ended in Mar. 2026 was 円1,468 Mil. Tosho Co's Revenue for the
three
months ended in Mar. 2026 was 円6,644 Mil. Therefore, Tosho Co's pretax margin for the quarter that ended in Mar. 2026 was 22.09%.
The historical rank and industry rank for Tosho Co's Pretax Margin % or its related term are showing as below:
TSE:8920'
s Pretax Margin % Range Over the Past 10 Years
Min: 2.69 Med: 21.14 Max: 28.65
Current: 27.32
TSE:8920's Pretax Margin % is ranked better than 89.09% of 550
companies
in the Conglomerates industry
Industry Median: 6.57
vs TSE:8920: 27.32
Tosho Co (TSE:8920) 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.
Tosho Co Pretax Margin % Related Terms
Tosho Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Tosho Co'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.
For the Conglomerates subindustry, Tosho Co'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.
Tosho Co Pretax Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tosho Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tosho Co'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.
Tosho Co (TSE:8920) has a Pretax Margin % of 22.09% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tosho Co and its competitors. This is near median its historical median of 21.14. Over the past decade, Tosho Co's Pretax Margin % has ranged from 2.69 to 28.65. According to the industry distribution chart, Tosho Co ranks #60 out of 550 companies in the Conglomerates industry, placing it in the top 10.9%.
Is Tosho Co's Pretax Margin % too high?
Tosho Co's current Pretax Margin % of 22.09% is near median its 10-year median of 21.14. Over the past 10 years, this metric has ranged from a low of 2.69 to a high of 28.65. The Conglomerates industry median Pretax Margin % is 6.57. Tosho Co's value of 22.09% is 236.2% above this industry median. Based on the distribution chart, Tosho Co ranks #60 out of 550 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Tosho Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tosho Co's Pretax Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tosho Co ranks #60 out of 550 companies for Pretax Margin %. This places Tosho Co in the top 11% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.57. Tosho Co's value of 22.09% is 236.2% above this benchmark. Historically, Tosho Co's own Pretax Margin % has ranged from 2.69 to 28.65 over the past decade. While the company's 10-year median is 21.14 vs. the industry median of 6.57, Tosho Co 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 Conglomerates company?
The median Pretax Margin % among Conglomerates companies is 6.57, based on 550 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. Tosho Co's current Pretax Margin % of 22.09% is 236.2% 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 Tosho Co and its competitors. For the Conglomerates industry, the median Pretax Margin % is 6.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosho Co's current Pretax Margin % is 22.09%, which is near median its own 10-year median of 21.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosho Co stock overvalued right now?
Based on GuruFocus' analysis, Tosho Co (TSE:8920) is currently considered Modestly Overvalued. The stock's GF Value™ is 円648.97, compared to a current price of 円764.00 — trading 17.7% above its estimated fair value. The current Pretax Margin % is 22.09%, which is near median its 10-year median of 21.14 and 236.2% above the Conglomerates industry median of 6.57. Tosho Co's overall GF Score™ is 88/100 with 2 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 Tosho Co (TSE:8920), the current Pretax Margin % is 22.09% 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 Tosho Co (TSE:8920) Overvalued in 2026?
Based on GuruFocus' analysis, Tosho Co stock appears to be overvalued.
The current stock price of 円764.00 is trading 17.7% above its estimated GF Value™ of 円648.97.
GuruFocus considers Tosho Co to be Modestly Overvalued.
Key valuation signals for TSE:8920:
Pretax Margin %: 22.09% (near median its 10-year median of 21.14)
GF Value™: 円648.97 vs. price of 円764.00 (17.7% above fair value)
Industry Position: 236.2% above the Conglomerates median (#60 of 550)
No single metric tells the full story. See the TSE:8920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosho Co Ltd is mainly engaged in the operation of sports clubs in Japan. It mainly operates membership sports clubs under the name Holiday Sports Club and golf practice ranges under the name Holiday Golf Garden. The company's business segment includes Sports club business; Hotel business and Real estate business. It generates maximum revenue from the Sports club business segment.
88GF Score
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