Step CoTSE:9795 -1.11%74 Pretax Margin % is 29.39% as of Mar. 2026, which is 21% above its 10-year median of 24.24. GuruFocus rates TSE:9795 with a GF Score™ of 74/100 and a GF Value™ of 円2,361.64 (Fairly Valued). Among 255 Education companies, Step Co ranks better than 78.82% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Step Co's Pre-Tax Income for the
six
months ended in Mar. 2026 was 円2,456 Mil. Step Co's Revenue for the
six
months ended in Mar. 2026 was 円8,357 Mil. Therefore, Step Co's pretax margin for the quarter that ended in Mar. 2026 was 29.39%.
The historical rank and industry rank for Step Co's Pretax Margin % or its related term are showing as below:
TSE:9795'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.01 Med: 24.24 Max: 27.56
Current: 24.46
TSE:9795's Pretax Margin % is ranked better than 78.82% of 255
companies
in the Education industry
Industry Median: 8.24
vs TSE:9795: 24.46
Step Co (TSE:9795) 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.
Step Co Pretax Margin % Related Terms
Step Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Step 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.
TSE:9795 vs EDU, TAL, LAUR: Pretax Margin % Comparison
For the Education & Training Services subindustry, Step 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.
Step Co Pretax Margin % vs Education Industry
For the Education industry and Consumer Defensive sector, Step Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Step 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.
Step Co (TSE:9795) has a Pretax Margin % of 29.39% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Step Co and its competitors. This is 21% above median its historical median of 24.24. Over the past decade, Step Co's Pretax Margin % has ranged from 18.01 to 27.56. According to the industry distribution chart, Step Co ranks #54 out of 255 companies in the Education industry, placing it in the top 21.2%.
Is Step Co's Pretax Margin % too high?
Step Co's current Pretax Margin % of 29.39% is 21% above median its 10-year median of 24.24. Over the past 10 years, this metric has ranged from a low of 18.01 to a high of 27.56. The Education industry median Pretax Margin % is 8.24. Step Co's value of 29.39% is 256.7% above this industry median. Based on the distribution chart, Step Co ranks #54 out of 255 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Step Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Step Co's Pretax Margin % compare to EDU and TAL?
According to the Education industry distribution chart, Step Co ranks #54 out of 255 companies for Pretax Margin %. This places Step Co in the top 21% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 8.24. Step Co's value of 29.39% is 256.7% above this benchmark. Historically, Step Co's own Pretax Margin % has ranged from 18.01 to 27.56 over the past decade. While the company's 10-year median is 24.24 vs. the industry median of 8.24, Step 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 an Education company?
The median Pretax Margin % among Education companies is 8.24, based on 255 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. Step Co's current Pretax Margin % of 29.39% is 256.7% 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 Step Co and its competitors. For the Education industry, the median Pretax Margin % is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step Co's current Pretax Margin % is 29.39%, which is 21% above median its own 10-year median of 24.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step Co stock overvalued right now?
Based on GuruFocus' analysis, Step Co (TSE:9795) is currently considered Fairly Valued. The stock's GF Value™ is 円2,361.64, compared to a current price of 円2,226.00 — trading 5.7% below its estimated fair value. The current Pretax Margin % is 29.39%, which is 21% above median its 10-year median of 24.24 and 256.7% above the Education industry median of 8.24. Step Co's overall GF Score™ is 74/100. 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 Step Co (TSE:9795), the current Pretax Margin % is 29.39% 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 Step Co (TSE:9795) Overvalued in 2026?
Based on GuruFocus' analysis, Step Co stock appears to be undervalued.
The current stock price of 円2,226.00 is trading 5.7% below its estimated GF Value™ of 円2,361.64.
GuruFocus considers Step Co to be Fairly Valued.
Key valuation signals for TSE:9795:
Pretax Margin %: 29.39% (21% above median its 10-year median of 24.24)
GF Value™: 円2,361.64 vs. price of 円2,226.00 (5.7% below fair value)
Industry Position: 256.7% above the Education median (#54 of 255)
No single metric tells the full story. See the TSE:9795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools. The company operates cram schools and after-school care facilities, and produces and edits educational materials, as well as prints and binds books. The company is engaged in providing high school entrance exam preparation courses, Teaching Materials Research Division produces manuscripts and original plates for teaching materials, academic programs, physical education, and shogi (Japanese chess), and other activities.
74GF Score
Get the complete analysis for TSE:9795
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9795 has been successfully added to your 
