VEONVEON +0.37%76 Pretax Margin % is 15.24% as of Mar. 2026, which is 22% above its 10-year median of 12.48. GuruFocus rates VEON with a GF Score™ of 76/100 and a GF Value™ of $40.09 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 366 Telecommunication Services companies, VEON ranks better than 77.32% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. VEON's Pre-Tax Income for the
three
months ended in Mar. 2026 was $183 Mil. VEON's Revenue for the
three
months ended in Mar. 2026 was $1,201 Mil. Therefore, VEON's pretax margin for the quarter that ended in Mar. 2026 was 15.24%.
The historical rank and industry rank for VEON's Pretax Margin % or its related term are showing as below:
VEON'
s Pretax Margin % Range Over the Past 10 Years
Min: -2.73 Med: 12.48 Max: 21.36
Current: 18.32
VEON's Pretax Margin % is ranked better than 77.32% of 366
companies
in the Telecommunication Services industry
Industry Median: 7.6
vs VEON: 18.32
VEON (NAS:VEON) 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.
VEON Pretax Margin % Related Terms
VEON Pretax Margin % Historical Data
* Premium members only.
The historical data trend for VEON'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.
VEON vs LBTYA, AD, TDS: Pretax Margin % Comparison
For the Telecom Services subindustry, VEON'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.
VEON Pretax Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, VEON's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where VEON'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.
VEON (VEON) has a Pretax Margin % of 15.24% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on VEON and its competitors. This is 22% above median its historical median of 12.48. According to the industry distribution chart, VEON ranks #83 out of 366 companies in the Telecommunication Services industry, placing it in the top 22.7%.
Is VEON's Pretax Margin % too high?
VEON's current Pretax Margin % of 15.24% is 22% above median its 10-year median of 12.48. The Telecommunication Services industry median Pretax Margin % is 7.60. VEON's value of 15.24% is 100.5% above this industry median. Based on the distribution chart, VEON ranks #83 out of 366 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, VEON has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VEON's Pretax Margin % compare to LBTYA and AD?
According to the Telecommunication Services industry distribution chart, VEON ranks #83 out of 366 companies for Pretax Margin %. This places VEON in the top 23% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 7.60. VEON's value of 15.24% is 100.5% above this benchmark. While the company's 10-year median is 12.48 vs. the industry median of 7.60, VEON 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 Telecommunication Services company?
The median Pretax Margin % among Telecommunication Services companies is 7.60, based on 366 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. VEON's current Pretax Margin % of 15.24% is 100.5% 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 VEON and its competitors. For the Telecommunication Services industry, the median Pretax Margin % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VEON's current Pretax Margin % is 15.24%, which is 22% above median its own 10-year median of 12.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VEON stock overvalued right now?
Based on GuruFocus' analysis, VEON (VEON) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.09, compared to a current price of $51.78 — trading 29.2% above its estimated fair value. The current Pretax Margin % is 15.24%, which is 22% above median its 10-year median of 12.48 and 100.5% above the Telecommunication Services industry median of 7.60. VEON's overall GF Score™ is 76/100 with 3 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 VEON (VEON), the current Pretax Margin % is 15.24% 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 VEON (VEON) Overvalued in 2026?
Based on GuruFocus' analysis, VEON stock appears to be overvalued.
The current stock price of $51.78 is trading 29.2% above its estimated GF Value™ of $40.09.
GuruFocus considers VEON to be Modestly Overvalued.
Key valuation signals for VEON:
Pretax Margin %: 15.24% (22% above median its 10-year median of 12.48)
GF Value™: $40.09 vs. price of $51.78 (29.2% above fair value)
Industry Position: 100.5% above the Telecommunication Services median (#83 of 366)
No single metric tells the full story. See the VEON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. Its telecommunications and digital services include voice, fixed broadband, data and cloud services.
76GF Score
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