Sonova Holding AGXSWX:SOON -0.41%90 Pretax Margin % is 22.75% as of Mar. 2026, which is 23% above its 10-year median of 18.52. GuruFocus rates XSWX:SOON with a GF Score™ of 90/100 and a GF Value™ of CHF249.75 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 817 Medical Devices & Instruments companies, Sonova Holding AG ranks better than 81.88% on this metric.
The historical rank and industry rank for Sonova Holding AG's Pretax Margin % or its related term are showing as below:
XSWX:SOON'
s Pretax Margin % Range Over the Past 10 Years
Min: 17.22 Med: 18.52 Max: 23.08
Current: 17.8
XSWX:SOON's Pretax Margin % is ranked better than 81.88% of 817
companies
in the Medical Devices & Instruments industry
Industry Median: 2.61
vs XSWX:SOON: 17.80
Sonova Holding AG (XSWX:SOON) 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.
Sonova Holding AG Pretax Margin % Related Terms
Sonova Holding AG Pretax Margin % Historical Data
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The historical data trend for Sonova Holding 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.
XSWX:SOON vs ABT, SYK, MDT: Pretax Margin % Comparison
For the Medical Devices subindustry, Sonova Holding 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.
Sonova Holding AG Pretax Margin % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Sonova Holding 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.
Sonova Holding AG (XSWX:SOON) has a Pretax Margin % of 22.75% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Sonova Holding AG and its competitors. This is 23% above median its historical median of 18.52. Over the past decade, Sonova Holding AG's Pretax Margin % has ranged from 17.22 to 23.08. According to the industry distribution chart, Sonova Holding AG ranks #148 out of 817 companies in the Medical Devices & Instruments industry, placing it in the top 18.1%.
Is Sonova Holding AG's Pretax Margin % too high?
Sonova Holding AG's current Pretax Margin % of 22.75% is 23% above median its 10-year median of 18.52. Over the past 10 years, this metric has ranged from a low of 17.22 to a high of 23.08. The Medical Devices & Instruments industry median Pretax Margin % is 2.61. Sonova Holding AG's value of 22.75% is 771.6% above this industry median. Based on the distribution chart, Sonova Holding AG ranks #148 out of 817 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Sonova Holding AG has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonova Holding AG's Pretax Margin % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Sonova Holding AG ranks #148 out of 817 companies for Pretax Margin %. This places Sonova Holding AG in the top 18% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.61. Sonova Holding AG's value of 22.75% is 771.6% above this benchmark. Historically, Sonova Holding AG's own Pretax Margin % has ranged from 17.22 to 23.08 over the past decade. While the company's 10-year median is 18.52 vs. the industry median of 2.61, Sonova Holding 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 a Medical Devices & Instruments company?
The median Pretax Margin % among Medical Devices & Instruments companies is 2.61, based on 817 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. Sonova Holding AG's current Pretax Margin % of 22.75% is 771.6% 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 Sonova Holding AG and its competitors. For the Medical Devices & Instruments industry, the median Pretax Margin % is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sonova Holding AG's current Pretax Margin % is 22.75%, which is 23% above median its own 10-year median of 18.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonova Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Sonova Holding AG (XSWX:SOON) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF249.75, compared to a current price of CHF194.40 — trading 22.2% below its estimated fair value. The current Pretax Margin % is 22.75%, which is 23% above median its 10-year median of 18.52 and 771.6% above the Medical Devices & Instruments industry median of 2.61. Sonova Holding AG's overall GF Score™ is 90/100 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 Sonova Holding AG (XSWX:SOON), the current Pretax Margin % is 22.75% 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 Sonova Holding AG (XSWX:SOON) Overvalued in 2026?
Based on GuruFocus' analysis, Sonova Holding AG stock appears to be undervalued.
The current stock price of CHF194.40 is trading 22.2% below its estimated GF Value™ of CHF249.75.
GuruFocus considers Sonova Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:SOON:
Pretax Margin %: 22.75% (23% above median its 10-year median of 18.52)
GF Value™: CHF249.75 vs. price of CHF194.40 (22.2% below fair value)
Industry Position: 771.6% above the Medical Devices & Instruments median (#148 of 817)
No single metric tells the full story. See the XSWX:SOON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants and audio technologies.
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