Japan Metropolitan Fund Investment (TSE:8953) Pretax Margin %: 45.50% (As of Feb. 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8953 Japan Metropolitan Fund Investment Corp TSE:8953
73 GF Score
Price 円118,300.00
GF Value 円115,138.58
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Japan Metropolitan Fund Investment Pretax Margin %?

Japan Metropolitan Fund Investment TSE:8953 +1.02% 73 Pretax Margin % is 45.50% as of Feb. 2026, which is 23% above its 10-year median of 36.91. GuruFocus rates TSE:8953 with a GF Score™ of 73/100 and a GF Value™ of 円115,138.58 (Fairly Valued). The stock has 7 warning signs investors should review. Among 922 REITs companies, Japan Metropolitan Fund Investment ranks worse than 52.82% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Japan Metropolitan Fund Investment's Pre-Tax Income for the six months ended in Feb. 2026 was 円23,696 Mil. Japan Metropolitan Fund Investment's Revenue for the six months ended in Feb. 2026 was 円52,076 Mil. Therefore, Japan Metropolitan Fund Investment's pretax margin for the quarter that ended in Feb. 2026 was 45.50%.

The historical rank and industry rank for Japan Metropolitan Fund Investment's Pretax Margin % or its related term are showing as below:

TSE:8953' s Pretax Margin % Range Over the Past 10 Years
Min: 31.46   Med: 36.91   Max: 44.77
Current: 44.77


TSE:8953's Pretax Margin % is ranked worse than
52.82% of 922 companies
in the REITs industry
Industry Median: 47.335 vs TSE:8953: 44.77

Japan Metropolitan Fund Investment  (TSE:8953) 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.


Japan Metropolitan Fund Investment Pretax Margin % Related Terms


Japan Metropolitan Fund Investment Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Japan Metropolitan Fund Investment'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.

Japan Metropolitan Fund Investment Pretax Margin % Chart

Japan Metropolitan Fund Investment Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.64 35.90 39.96 38.70 38.81

Japan Metropolitan Fund Investment Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.18 38.44 42.75 43.99 45.50

TSE:8953 vs SPG, O, KIM: Pretax Margin % Comparison

For the REIT - Retail subindustry, Japan Metropolitan Fund Investment'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.


Japan Metropolitan Fund Investment Pretax Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Japan Metropolitan Fund Investment's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Japan Metropolitan Fund Investment's Pretax Margin % falls into.


TSE:8953
73GF Score
Japan Metropolitan Fund Investment Corp TSE:8953
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Metropolitan Fund Investment Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Japan Metropolitan Fund Investment's Pretax Margin for the fiscal year that ended in Aug. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Aug. 2024 )/Revenue (A: Aug. 2024 )
=31713.606/81715.866
=38.81 %

Japan Metropolitan Fund Investment's Pretax Margin for the quarter that ended in Feb. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=23695.951/52075.919
=45.50 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 45.50% mean?
Japan Metropolitan Fund Investment (TSE:8953) has a Pretax Margin % of 45.50% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Japan Metropolitan Fund Investment and its competitors. This is 23% above median its historical median of 36.91. Over the past decade, Japan Metropolitan Fund Investment's Pretax Margin % has ranged from 31.46 to 44.77. According to the industry distribution chart, Japan Metropolitan Fund Investment ranks #487 out of 922 companies in the REITs industry, placing it in the top 52.8%.
Is Japan Metropolitan Fund Investment's Pretax Margin % too high?
Japan Metropolitan Fund Investment's current Pretax Margin % of 45.50% is 23% above median its 10-year median of 36.91. Over the past 10 years, this metric has ranged from a low of 31.46 to a high of 44.77. The REITs industry median Pretax Margin % is 47.34. Japan Metropolitan Fund Investment's value of 45.50% is 3.9% below this industry median. Based on the distribution chart, Japan Metropolitan Fund Investment ranks #487 out of 922 companies in the REITs industry, which is below the industry midpoint. Overall, Japan Metropolitan Fund Investment has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Metropolitan Fund Investment's Pretax Margin % compare to SPG and O?
According to the REITs industry distribution chart, Japan Metropolitan Fund Investment ranks #487 out of 922 companies for Pretax Margin %. This places Japan Metropolitan Fund Investment in the lower half of its industry. The industry median Pretax Margin % is 47.34. Japan Metropolitan Fund Investment's value of 45.50% is 3.9% below this benchmark. Historically, Japan Metropolitan Fund Investment's own Pretax Margin % has ranged from 31.46 to 44.77 over the past decade. While the company's 10-year median is 36.91 vs. the industry median of 47.34, Japan Metropolitan Fund Investment 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 47.34, based on 922 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. Japan Metropolitan Fund Investment's current Pretax Margin % of 45.50% is 3.9% 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 Japan Metropolitan Fund Investment and its competitors. For the REITs industry, the median Pretax Margin % is 47.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Metropolitan Fund Investment's current Pretax Margin % is 45.50%, which is 23% above median its own 10-year median of 36.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Metropolitan Fund Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Metropolitan Fund Investment (TSE:8953) is currently considered Fairly Valued. The stock's GF Value™ is 円115,138.58, compared to a current price of 円118,300.00 — trading 2.7% above its estimated fair value. The current Pretax Margin % is 45.50%, which is 23% above median its 10-year median of 36.91 and 3.9% below the REITs industry median of 47.34. Japan Metropolitan Fund Investment's overall GF Score™ is 73/100 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 Japan Metropolitan Fund Investment (TSE:8953), the current Pretax Margin % is 45.50% 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 Japan Metropolitan Fund Investment (TSE:8953) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Metropolitan Fund Investment stock appears to be overvalued. The current stock price of 円118,300.00 is trading 2.7% above its estimated GF Value™ of 円115,138.58. GuruFocus considers Japan Metropolitan Fund Investment to be Fairly Valued.

Key valuation signals for TSE:8953:

  • Pretax Margin %: 45.50% (23% above median its 10-year median of 36.91)
  • GF Value™: 円115,138.58 vs. price of 円118,300.00 (2.7% above fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 3.9% below the REITs median (#487 of 922)

No single metric tells the full story. See the TSE:8953 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Metropolitan Fund Investment Business Description

Industry Real EstateREITs
Other Exchanges 59JA:Germany
Address Tokyo Building 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6420
Japan Metropolitan Fund Investment Corp is a diversified REIT investing in real estate properties serving as a foundation of urban lives. Its portfolio includes urban retail, mixed-use, office, residence, hotel and suburban retail.
73GF Score

Get the complete analysis for TSE:8953

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円118,300.00
Price
円115,138.58
GF Value