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.
Hankyu Hanshin REIT Pretax Margin % Related Terms
Hankyu Hanshin REIT Pretax Margin % Historical Data
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The historical data trend for Hankyu Hanshin REIT'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 REIT - Diversified subindustry, Hankyu Hanshin REIT'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.
Hankyu Hanshin REIT Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Hankyu Hanshin REIT'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.
Hankyu Hanshin REIT (TSE:8977) has a Pretax Margin % of 36.29% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Hankyu Hanshin REIT and its competitors. This is near median its historical median of 36.17. Over the past decade, Hankyu Hanshin REIT's Pretax Margin % has ranged from 31.51 to 37.12. According to the industry distribution chart, Hankyu Hanshin REIT ranks #560 out of 927 companies in the REITs industry, placing it in the top 60.4%.
Is Hankyu Hanshin REIT's Pretax Margin % too high?
Hankyu Hanshin REIT's current Pretax Margin % of 36.29% is near median its 10-year median of 36.17. Over the past 10 years, this metric has ranged from a low of 31.51 to a high of 37.12. The REITs industry median Pretax Margin % is 46.70. Hankyu Hanshin REIT's value of 36.29% is 22.3% below this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #560 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #560 out of 927 companies for Pretax Margin %. This places Hankyu Hanshin REIT in the lower half of its industry. The industry median Pretax Margin % is 46.70. Hankyu Hanshin REIT's value of 36.29% is 22.3% below this benchmark. Historically, Hankyu Hanshin REIT's own Pretax Margin % has ranged from 31.51 to 37.12 over the past decade. While the company's 10-year median is 36.17 vs. the industry median of 46.70, Hankyu Hanshin REIT 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 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. Hankyu Hanshin REIT's current Pretax Margin % of 36.29% is 22.3% 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 Hankyu Hanshin REIT 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. Hankyu Hanshin REIT's current Pretax Margin % is 36.29%, which is near median its own 10-year median of 36.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,504.99, compared to a current price of 円139,900.00 — trading 13.4% below its estimated fair value. The current Pretax Margin % is 36.29%, which is near median its 10-year median of 36.17 and 22.3% below the REITs industry median of 46.70. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current Pretax Margin % is 36.29% 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?
Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued.
The current stock price of 円139,900.00 is trading 13.4% below its estimated GF Value™ of 円161,504.99.
GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.
Key valuation signals for TSE:8977:
Pretax Margin %: 36.29% (near median its 10-year median of 36.17)
GF Value™: 円161,504.99 vs. price of 円139,900.00 (13.4% below fair value)
Industry Position: 22.3% below the REITs median (#560 of 927)
No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score
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