Mustek (JSE:MST) Tax Rate %: 23.90% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:MST Mustek Ltd JSE:MST
77 GF Score
Price R15.50
GF Value R12.55
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Mustek Tax Rate %?

Mustek JSE:MST +3.33% 77 Tax Rate % is 23.90% as of Dec. 2025. GuruFocus rates JSE:MST with a GF Score™ of 77/100 and a GF Value™ of R12.55 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mustek's Tax Expense for the six months ended in Dec. 2025 was R14 Mil. Mustek's Pre-Tax Income for the six months ended in Dec. 2025 was R59 Mil. Therefore, Mustek's Tax Rate % for the quarter that ended in Dec. 2025 was 23.90%.

Mustek Tax Rate % Related Terms

Mustek Tax Rate % Historical Data

* Premium members only.

The historical data trend for Mustek'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.

Mustek Tax Rate % Chart

Mustek Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.21 30.08 24.96 46.72 15.23

Mustek Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 24.60 -5.70 25.50 9.23 23.90
JSE:MST
77GF Score
Mustek Ltd JSE:MST
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustek Tax Rate % Calculation

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

Mustek's Tax Rate % for the fiscal year that ended in Jun. 2025 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2025 )/Pre-Tax Income (A: Jun. 2025 )
=7.13/46.825
=15.23 %

Mustek's Tax Rate % for the quarter that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2025 )/Pre-Tax Income (Q: Dec. 2025 )
=14.003/58.597
=23.90 %

* 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 23.90% mean?
Mustek (JSE:MST) has a Tax Rate % of 23.90% as of Dec. 2025.
Is Mustek's Tax Rate % too high?
Mustek's current Tax Rate % is 23.90%. Overall, Mustek has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Tax Rate % compare to SNDK and DELL?
Mustek's Tax Rate % of 23.90% can be compared against companies in the Hardware 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 Hardware company?
A good Tax Rate % depends on the Hardware 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. Mustek's current Tax Rate % is 23.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.55, compared to a current price of R15.50 — trading 23.5% above its estimated fair value. The current Tax Rate % is 23.90%. Mustek's overall GF Score™ is 77/100 with 8 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 Mustek (JSE:MST), the current Tax Rate % is 23.90% 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 Mustek (JSE:MST) Overvalued in 2026?

Based on GuruFocus' analysis, Mustek stock appears to be overvalued. The current stock price of R15.50 is trading 23.5% above its estimated GF Value™ of R12.55. GuruFocus considers Mustek to be Modestly Overvalued.

Key valuation signals for JSE:MST:

  • Tax Rate %: 23.90%
  • GF Value™: R12.55 vs. price of R15.50 (23.5% above fair value)
  • GF Score™: 77/100 with 8 warning signs

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

Mustek Business Description

Address 322 15th Road, Randjespark, Midrand, GT, ZAF, 1685
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
77GF Score

Get the complete analysis for JSE:MST

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

R15.50
Price
R12.55
GF Value