CTGDF (China Tourism Group Duty Free) Tax Rate %: 15.21% (As of Mar. 2026)

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CTGDF China Tourism Group Duty Free Corp Ltd CTGDF
61 GF Score
Price $6.25
GF Value $8.07
Valuation Modestly Undervalued
! 4 Warning Signs
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What is China Tourism Group Duty Free Tax Rate %?

China Tourism Group Duty Free CTGDF 61 Tax Rate % is 15.21% as of Mar. 2026. GuruFocus rates CTGDF with a GF Score™ of 61/100 and a GF Value™ of $8.07 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. China Tourism Group Duty Free's Tax Expense for the three months ended in Mar. 2026 was $62 Mil. China Tourism Group Duty Free's Pre-Tax Income for the three months ended in Mar. 2026 was $406 Mil. Therefore, China Tourism Group Duty Free's Tax Rate % for the quarter that ended in Mar. 2026 was 15.21%.

China Tourism Group Duty Free Tax Rate % Related Terms

China Tourism Group Duty Free Tax Rate % Historical Data

* Premium members only.

The historical data trend for China Tourism Group Duty Free's Tax Rate % 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.

China Tourism Group Duty Free Tax Rate % Chart

China Tourism Group Duty Free Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.46 18.76 15.95 20.91 30.48

China Tourism Group Duty Free Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.37 25.72 26.13 74.61 15.21
CTGDF
61GF Score
China Tourism Group Duty Free Corp Ltd CTGDF
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Tourism Group Duty Free Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

China Tourism Group Duty Free's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=229.711/753.559
=30.48 %

China Tourism Group Duty Free's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=61.698/405.616
=15.21 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 15.21% mean?
China Tourism Group Duty Free (CTGDF) has a Tax Rate % of 15.21% as of Mar. 2026.
Is China Tourism Group Duty Free's Tax Rate % too high?
China Tourism Group Duty Free's current Tax Rate % is 15.21%. Overall, China Tourism Group Duty Free has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Tax Rate % compare to CASY and WSM?
China Tourism Group Duty Free's Tax Rate % of 15.21% can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Retail - Cyclical company?
A good Tax Rate % depends on the Retail - Cyclical industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. China Tourism Group Duty Free's current Tax Rate % is 15.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
Based on GuruFocus' analysis, China Tourism Group Duty Free (CTGDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.07, compared to a current price of $6.25 — trading 22.6% below its estimated fair value. The current Tax Rate % is 15.21%. China Tourism Group Duty Free's overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For China Tourism Group Duty Free (CTGDF), the current Tax Rate % is 15.21% 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 China Tourism Group Duty Free (CTGDF) Overvalued in 2026?

Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued. The current stock price of $6.25 is trading 22.6% below its estimated GF Value™ of $8.07. GuruFocus considers China Tourism Group Duty Free to be Modestly Undervalued.

Key valuation signals for CTGDF:

  • Tax Rate %: 15.21%
  • GF Value™: $8.07 vs. price of $6.25 (22.6% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the CTGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Tourism Group Duty Free Business Description

Other Exchanges 01880:Hong Kong601888:China
Address No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
61GF Score

Get the complete analysis for CTGDF

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.25
Price
$8.07
GF Value