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.
Cognor Holding Pretax Margin % Related Terms
Cognor Holding Pretax Margin % Historical Data
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The historical data trend for Cognor Holding'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.
WAR:COG vs NUE, STLD, RS: Pretax Margin % Comparison
For the Steel subindustry, Cognor Holding'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.
Cognor Holding Pretax Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Cognor Holding's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Cognor Holding'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.
Cognor Holding (WAR:COG) has a Pretax Margin % of -0.35% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Cognor Holding and its competitors. According to the industry distribution chart, Cognor Holding ranks #530 out of 615 companies in the Steel industry, placing it in the top 86.2%.
Is Cognor Holding's Pretax Margin % too high?
Cognor Holding's current Pretax Margin % is -0.35%. Based on the distribution chart, Cognor Holding ranks #530 out of 615 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Cognor Holding has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cognor Holding's Pretax Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Cognor Holding ranks #530 out of 615 companies for Pretax Margin %. This places Cognor Holding in the lower half of its industry. The industry median Pretax Margin % is 2.56. 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 Steel company?
The median Pretax Margin % among Steel companies is 2.56, based on 615 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. 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 Cognor Holding and its competitors. For the Steel industry, the median Pretax Margin % is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cognor Holding's current Pretax Margin % is -0.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognor Holding stock overvalued right now?
Based on GuruFocus' analysis, Cognor Holding (WAR:COG) is currently considered Fairly Valued. The stock's GF Value™ is zł5.62, compared to a current price of zł5.85 — trading 4% above its estimated fair value. The current Pretax Margin % is -0.35%. Cognor Holding's overall GF Score™ is 69/100 with 6 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 Cognor Holding (WAR:COG), the current Pretax Margin % is -0.35% 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 Cognor Holding (WAR:COG) Overvalued in 2026?
Based on GuruFocus' analysis, Cognor Holding stock appears to be overvalued.
The current stock price of zł5.85 is trading 4% above its estimated GF Value™ of zł5.62.
GuruFocus considers Cognor Holding to be Fairly Valued.
Key valuation signals for WAR:COG:
Pretax Margin %: -0.35%
GF Value™: zł5.62 vs. price of zł5.85 (4% above fair value)
No single metric tells the full story. See the WAR:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognor Holding SA operates in the steel industry. Along with its subsidiaries, the company is engaged in the business of scrap collection, scrap processing into steel billets, and steel products. Its product portfolio comprises metal bars, steel scrap, steel slabs, flat plates, round bars, and steel alloys, among others. The group operates in the following business segments: Zlomrex Metal (ZLMET), HSJ, Ferrostal (FER), OMS, JAP, and Others. The majority of its revenue is generated from the Ferrostal (FER) segment, which is involved in the production and sale of semi-finished steel products (raw steel) and final steel products to external customers. Geographically, the group generates maximum revenue from Poland, followed by Germany, Czechia, and other countries.
69GF Score
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