Belc CoTSE:9974 +2.51%92 Pretax Margin % is 4.35% as of Feb. 2026, which is 2% below its 10-year median of 4.46. GuruFocus rates TSE:9974 with a GF Score™ of 92/100 and a GF Value™ of 円8,003.55 (Modestly Undervalued). Among 308 Retail - Defensive companies, Belc Co ranks better than 61.36% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Belc Co's Pre-Tax Income for the
three
months ended in Feb. 2026 was 円4,686 Mil. Belc Co's Revenue for the
three
months ended in Feb. 2026 was 円107,725 Mil. Therefore, Belc Co's pretax margin for the quarter that ended in Feb. 2026 was 4.35%.
The historical rank and industry rank for Belc Co's Pretax Margin % or its related term are showing as below:
TSE:9974'
s Pretax Margin % Range Over the Past 10 Years
Min: 4.08 Med: 4.46 Max: 4.82
Current: 4.08
TSE:9974's Pretax Margin % is ranked better than 61.36% of 308
companies
in the Retail - Defensive industry
Industry Median: 3.015
vs TSE:9974: 4.08
Belc Co (TSE:9974) 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.
Belc Co Pretax Margin % Related Terms
Belc Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Belc 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.
For the Grocery Stores subindustry, Belc 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.
Belc Co Pretax Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Belc 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.
Belc Co (TSE:9974) has a Pretax Margin % of 4.35% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Belc Co and its competitors. This is near median its historical median of 4.46. Over the past decade, Belc Co's Pretax Margin % has ranged from 4.08 to 4.82. According to the industry distribution chart, Belc Co ranks #119 out of 308 companies in the Retail - Defensive industry, placing it in the top 38.6%.
Is Belc Co's Pretax Margin % too high?
Belc Co's current Pretax Margin % of 4.35% is near median its 10-year median of 4.46. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 4.82. The Retail - Defensive industry median Pretax Margin % is 3.02. Belc Co's value of 4.35% is 44.3% above this industry median. Based on the distribution chart, Belc Co ranks #119 out of 308 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Belc Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's Pretax Margin % compare to KR?
According to the Retail - Defensive industry distribution chart, Belc Co ranks #119 out of 308 companies for Pretax Margin %. This puts Belc Co in the upper half of its industry. The industry median Pretax Margin % is 3.02. Belc Co's value of 4.35% is 44.3% above this benchmark. Historically, Belc Co's own Pretax Margin % has ranged from 4.08 to 4.82 over the past decade. While the company's 10-year median is 4.46 vs. the industry median of 3.02, Belc 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 a Retail - Defensive company?
The median Pretax Margin % among Retail - Defensive companies is 3.02, based on 308 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. Belc Co's current Pretax Margin % of 4.35% is 44.3% 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 Belc Co and its competitors. For the Retail - Defensive industry, the median Pretax Margin % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current Pretax Margin % is 4.35%, which is near median its own 10-year median of 4.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,003.55, compared to a current price of 円6,540.00 — trading 18.3% below its estimated fair value. The current Pretax Margin % is 4.35%, which is near median its 10-year median of 4.46 and 44.3% above the Retail - Defensive industry median of 3.02. Belc Co's overall GF Score™ is 92/100. 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 Belc Co (TSE:9974), the current Pretax Margin % is 4.35% 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 Belc Co (TSE:9974) Overvalued in 2026?
Based on GuruFocus' analysis, Belc Co stock appears to be undervalued.
The current stock price of 円6,540.00 is trading 18.3% below its estimated GF Value™ of 円8,003.55.
GuruFocus considers Belc Co to be Modestly Undervalued.
Key valuation signals for TSE:9974:
Pretax Margin %: 4.35% (near median its 10-year median of 4.46)
GF Value™: 円8,003.55 vs. price of 円6,540.00 (18.3% below fair value)
Industry Position: 44.3% above the Retail - Defensive median (#119 of 308)
No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
92GF Score
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