BKW AGXSWX:BKW -1.09%75 Pretax Margin % is 11.98% as of Dec. 2025, which is 22% below its 10-year median of 15.28. GuruFocus rates XSWX:BKW with a GF Score™ of 75/100 and a GF Value™ of CHF149.66 (Fairly Valued). The stock has 3 warning signs investors should review. Among 422 Utilities - Independent Power Producers companies, BKW AG ranks better than 57.58% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. BKW AG's Pre-Tax Income for the
six
months ended in Dec. 2025 was CHF253 Mil. BKW AG's Revenue for the
six
months ended in Dec. 2025 was CHF2,111 Mil. Therefore, BKW AG's pretax margin for the quarter that ended in Dec. 2025 was 11.98%.
The historical rank and industry rank for BKW AG's Pretax Margin % or its related term are showing as below:
XSWX:BKW'
s Pretax Margin % Range Over the Past 10 Years
Min: 9.86 Med: 15.28 Max: 18.05
Current: 12.13
XSWX:BKW's Pretax Margin % is ranked better than 57.58% of 422
companies
in the Utilities - Independent Power Producers industry
Industry Median: 8.655
vs XSWX:BKW: 12.13
BKW AG (XSWX:BKW) 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.
BKW AG Pretax Margin % Related Terms
BKW AG Pretax Margin % Historical Data
* Premium members only.
The historical data trend for BKW AG'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 Utilities - Renewable subindustry, BKW AG'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.
BKW AG Pretax Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BKW AG'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.
BKW AG (XSWX:BKW) has a Pretax Margin % of 11.98% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BKW AG and its competitors. This is 22% below median its historical median of 15.28. Over the past decade, BKW AG's Pretax Margin % has ranged from 9.86 to 18.05. According to the industry distribution chart, BKW AG ranks #179 out of 422 companies in the Utilities - Independent Power Producers industry, placing it in the top 42.4%.
Is BKW AG's Pretax Margin % too high?
BKW AG's current Pretax Margin % of 11.98% is 22% below median its 10-year median of 15.28. Over the past 10 years, this metric has ranged from a low of 9.86 to a high of 18.05. The Utilities - Independent Power Producers industry median Pretax Margin % is 8.66. BKW AG's value of 11.98% is 38.4% above this industry median. Based on the distribution chart, BKW AG ranks #179 out of 422 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, BKW AG has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's Pretax Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #179 out of 422 companies for Pretax Margin %. This puts BKW AG in the upper half of its industry. The industry median Pretax Margin % is 8.66. BKW AG's value of 11.98% is 38.4% above this benchmark. Historically, BKW AG's own Pretax Margin % has ranged from 9.86 to 18.05 over the past decade. While the company's 10-year median is 15.28 vs. the industry median of 8.66, BKW AG 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 Utilities - Independent Power Producers company?
The median Pretax Margin % among Utilities - Independent Power Producers companies is 8.66, based on 422 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. BKW AG's current Pretax Margin % of 11.98% is 38.4% 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 BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median Pretax Margin % is 8.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current Pretax Margin % is 11.98%, which is 22% below median its own 10-year median of 15.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (XSWX:BKW) is currently considered Fairly Valued. The stock's GF Value™ is CHF149.66, compared to a current price of CHF136.10 — trading 9.1% below its estimated fair value. The current Pretax Margin % is 11.98%, which is 22% below median its 10-year median of 15.28 and 38.4% above the Utilities - Independent Power Producers industry median of 8.66. BKW AG's overall GF Score™ is 75/100 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 BKW AG (XSWX:BKW), the current Pretax Margin % is 11.98% as of Dec. 2025. 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 BKW AG (XSWX:BKW) Overvalued in 2026?
Based on GuruFocus' analysis, BKW AG stock appears to be undervalued.
The current stock price of CHF136.10 is trading 9.1% below its estimated GF Value™ of CHF149.66.
GuruFocus considers BKW AG to be Fairly Valued.
Key valuation signals for XSWX:BKW:
Pretax Margin %: 11.98% (22% below median its 10-year median of 15.28)
GF Value™: CHF149.66 vs. price of CHF136.10 (9.1% below fair value)
Industry Position: 38.4% above the Utilities - Independent Power Producers median (#179 of 422)
No single metric tells the full story. See the XSWX:BKW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
75GF Score
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