White Horse BhdXKLS:5009 32 Pretax Margin % is -9.86% as of Mar. 2026. GuruFocus rates XKLS:5009 with a GF Score™ of 32/100 and a GF Value™ of RM0.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 404 Building Materials companies, White Horse Bhd ranks worse than 76.73% on this metric.
The historical rank and industry rank for White Horse Bhd's Pretax Margin % or its related term are showing as below:
XKLS:5009'
s Pretax Margin % Range Over the Past 10 Years
Min: -15.09 Med: -1.71 Max: 6.39
Current: -1.25
XKLS:5009's Pretax Margin % is ranked worse than 76.73% of 404
companies
in the Building Materials industry
Industry Median: 5.99
vs XKLS:5009: -1.25
White Horse Bhd (XKLS:5009) 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.
White Horse Bhd Pretax Margin % Related Terms
White Horse Bhd Pretax Margin % Historical Data
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The historical data trend for White Horse Bhd'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.
XKLS:5009 vs CRH, VMC, MLM: Pretax Margin % Comparison
For the Building Materials subindustry, White Horse Bhd'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.
White Horse Bhd Pretax Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, White Horse Bhd's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where White Horse Bhd'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.
White Horse Bhd (XKLS:5009) has a Pretax Margin % of -9.86% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on White Horse Bhd and its competitors. According to the industry distribution chart, White Horse Bhd ranks #310 out of 404 companies in the Building Materials industry, placing it in the top 76.7%.
Is White Horse Bhd's Pretax Margin % too high?
White Horse Bhd's current Pretax Margin % is -9.86%. Based on the distribution chart, White Horse Bhd ranks #310 out of 404 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, White Horse Bhd has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does White Horse Bhd's Pretax Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, White Horse Bhd ranks #310 out of 404 companies for Pretax Margin %. This places White Horse Bhd in the lower half of its industry. The industry median Pretax Margin % is 5.99. 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 Building Materials company?
The median Pretax Margin % among Building Materials companies is 5.99, based on 404 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 White Horse Bhd and its competitors. For the Building Materials industry, the median Pretax Margin % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. White Horse Bhd's current Pretax Margin % is -9.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Horse Bhd stock overvalued right now?
Based on GuruFocus' analysis, White Horse Bhd (XKLS:5009) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.59, compared to a current price of RM0.46 — trading 22.9% below its estimated fair value. The current Pretax Margin % is -9.86%. White Horse Bhd's overall GF Score™ is 32/100 with 2 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 White Horse Bhd (XKLS:5009), the current Pretax Margin % is -9.86% 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 White Horse Bhd (XKLS:5009) Overvalued in 2026?
Based on GuruFocus' analysis, White Horse Bhd stock appears to be undervalued.
The current stock price of RM0.46 is trading 22.9% below its estimated GF Value™ of RM0.59.
GuruFocus considers White Horse Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5009:
Pretax Margin %: -9.86%
GF Value™: RM0.59 vs. price of RM0.46 (22.9% below fair value)
No single metric tells the full story. See the XKLS:5009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
White Horse Bhd. is an investment holding company, which is engaged in the manufacturing of ceramic wall, floor tiles and the provision of management services. Its segments include Malaysia, Vietnam, and Others. The Malaysia segment includes the manufacturing and distribution of ceramic homogenous tiles in Malaysia. The Vietnam segment includes the manufacturing and distribution of ceramic homogenous tiles in Vietnam. The other segments include the distribution of ceramic homogenous tiles in Indonesia, the Philippine, Singapore, and Thailand, and China. The product portfolio of the group consists of ceramic wall tiles, ceramic floor tiles and porcelain tiles. It generates the majority of revenue from the Malaysian segment.
32GF Score
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