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.
Daiwa Office Investment Pretax Margin % Related Terms
Daiwa Office Investment Pretax Margin % Historical Data
* 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:8976 vs BXP, ARE, VNO: Pretax Margin % Comparison
For the REIT - Office subindustry, Daiwa Office 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.
Daiwa Office Investment Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment'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.
Daiwa Office Investment (TSE:8976) has a Pretax Margin % of 46.70% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Daiwa Office Investment and its competitors. This is near median its historical median of 45.98. Over the past decade, Daiwa Office Investment's Pretax Margin % has ranged from 39.24 to 49.54. According to the industry distribution chart, Daiwa Office Investment ranks #471 out of 927 companies in the REITs industry, placing it in the top 50.8%.
Is Daiwa Office Investment's Pretax Margin % too high?
Daiwa Office Investment's current Pretax Margin % of 46.70% is near median its 10-year median of 45.98. Over the past 10 years, this metric has ranged from a low of 39.24 to a high of 49.54. The REITs industry median Pretax Margin % is 46.70. Daiwa Office Investment's value of 46.70% is 0% at this industry median. Based on the distribution chart, Daiwa Office Investment ranks #471 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, Daiwa Office Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Office Investment's Pretax Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Daiwa Office Investment ranks #471 out of 927 companies for Pretax Margin %. This places Daiwa Office Investment in the lower half of its industry. The industry median Pretax Margin % is 46.70. Daiwa Office Investment's value of 46.70% is 0% at this benchmark. Historically, Daiwa Office Investment's own Pretax Margin % has ranged from 39.24 to 49.54 over the past decade. While the company's 10-year median is 45.98 vs. the industry median of 46.70, Daiwa Office Investment has consistently been at 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 46.70, based on 927 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. Daiwa Office Investment's current Pretax Margin % of 46.70% is 0% at 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 Daiwa Office Investment and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current Pretax Margin % is 46.70%, which is near median its own 10-year median of 45.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Office Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Office Investment (TSE:8976) is currently considered Fairly Valued. The stock's GF Value™ is 円349,173.95, compared to a current price of 円331,500.00 — trading 5.1% below its estimated fair value. The current Pretax Margin % is 46.70%, which is near median its 10-year median of 45.98 and 0% at the REITs industry median of 46.70. Daiwa Office Investment's overall GF Score™ is 62/100 with 4 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 Daiwa Office Investment (TSE:8976), the current Pretax Margin % is 46.70% as of Nov. 2025. 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 Daiwa Office Investment (TSE:8976) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued.
The current stock price of 円331,500.00 is trading 5.1% below its estimated GF Value™ of 円349,173.95.
GuruFocus considers Daiwa Office Investment to be Fairly Valued.
Key valuation signals for TSE:8976:
Pretax Margin %: 46.70% (near median its 10-year median of 45.98)
GF Value™: 円349,173.95 vs. price of 円331,500.00 (5.1% below fair value)
Industry Position: 0% at the REITs median (#471 of 927)
No single metric tells the full story. See the TSE:8976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.
62GF Score
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