Japan ExcellentTSE:8987 +1.63%68 Pretax Margin % is 37.28% as of Dec. 2025, which is 13% above its 10-year median of 32.89. GuruFocus rates TSE:8987 with a GF Score™ of 68/100 and a GF Value™ of 円128,672.57 (Fairly Valued). The stock has 9 warning signs investors should review. Among 927 REITs companies, Japan Excellent ranks worse than 59.22% on this metric.
The historical rank and industry rank for Japan Excellent's Pretax Margin % or its related term are showing as below:
TSE:8987'
s Pretax Margin % Range Over the Past 10 Years
Min: 27.55 Med: 32.89 Max: 41.76
Current: 38.08
TSE:8987's Pretax Margin % is ranked worse than 59.22% of 927
companies
in the REITs industry
Industry Median: 46.7
vs TSE:8987: 38.08
Japan Excellent (TSE:8987) 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 Excellent Pretax Margin % Related Terms
Japan Excellent Pretax Margin % Historical Data
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The historical data trend for Japan Excellent'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:8987 vs BXP, ARE, VNO: Pretax Margin % Comparison
For the REIT - Office subindustry, Japan Excellent'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 Excellent Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Excellent's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Japan Excellent'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.
Japan Excellent (TSE:8987) has a Pretax Margin % of 37.28% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Japan Excellent and its competitors. This is 13% above median its historical median of 32.89. Over the past decade, Japan Excellent's Pretax Margin % has ranged from 27.55 to 41.76. According to the industry distribution chart, Japan Excellent ranks #549 out of 927 companies in the REITs industry, placing it in the top 59.2%.
Is Japan Excellent's Pretax Margin % too high?
Japan Excellent's current Pretax Margin % of 37.28% is 13% above median its 10-year median of 32.89. Over the past 10 years, this metric has ranged from a low of 27.55 to a high of 41.76. The REITs industry median Pretax Margin % is 46.70. Japan Excellent's value of 37.28% is 20.2% below this industry median. Based on the distribution chart, Japan Excellent ranks #549 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, Japan Excellent has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's Pretax Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Excellent ranks #549 out of 927 companies for Pretax Margin %. This places Japan Excellent in the lower half of its industry. The industry median Pretax Margin % is 46.70. Japan Excellent's value of 37.28% is 20.2% below this benchmark. Historically, Japan Excellent's own Pretax Margin % has ranged from 27.55 to 41.76 over the past decade. While the company's 10-year median is 32.89 vs. the industry median of 46.70, Japan Excellent 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. Japan Excellent's current Pretax Margin % of 37.28% is 20.2% 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 Excellent 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. Japan Excellent's current Pretax Margin % is 37.28%, which is 13% above median its own 10-year median of 32.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,672.57, compared to a current price of 円137,000.00 — trading 6.5% above its estimated fair value. The current Pretax Margin % is 37.28%, which is 13% above median its 10-year median of 32.89 and 20.2% below the REITs industry median of 46.70. Japan Excellent's overall GF Score™ is 68/100 with 9 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 Excellent (TSE:8987), the current Pretax Margin % is 37.28% as of Dec. 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 Japan Excellent (TSE:8987) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued.
The current stock price of 円137,000.00 is trading 6.5% above its estimated GF Value™ of 円128,672.57.
GuruFocus considers Japan Excellent to be Fairly Valued.
Key valuation signals for TSE:8987:
Pretax Margin %: 37.28% (13% above median its 10-year median of 32.89)
GF Value™: 円128,672.57 vs. price of 円137,000.00 (6.5% above fair value)
Industry Position: 20.2% below the REITs median (#549 of 927)
No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
68GF Score
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