MJNE (MJ Holdings) Tax Rate %: 0.00% (As of Sep. 2023)

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What is MJ Holdings Tax Rate %?

MJ Holdings MJNE Tax Rate % is 0.00% as of Sep. 2023.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MJ Holdings's Tax Expense for the three months ended in Sep. 2023 was $0.00 Mil. MJ Holdings's Pre-Tax Income for the three months ended in Sep. 2023 was $0.67 Mil. Therefore, MJ Holdings's Tax Rate % for the quarter that ended in Sep. 2023 was 0.00%.

MJ Holdings Tax Rate % Related Terms

MJ Holdings Tax Rate % Historical Data

* Premium members only.

The historical data trend for MJ Holdings'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.

MJ Holdings Tax Rate % Chart

MJ Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 7.28 0.00

MJ Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.00 0.00 0.00 0.00 0.00

MJ Holdings Tax Rate % Calculation

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

MJ Holdings's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=0/-5.38
=0.00 %

MJ Holdings's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2023 )/Pre-Tax Income (Q: Sep. 2023 )
=0/0.665
=0.00 %

* 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 0.00% mean?
MJ Holdings (MJNE) has a Tax Rate % of 0.00% as of Sep. 2023.
Is MJ Holdings' Tax Rate % too high?
MJ Holdings' current Tax Rate % is 0.00%.
How does MJ Holdings' Tax Rate % compare to CPHI and KGKG?
MJ Holdings' Tax Rate % of 0.00% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Tax Rate % depends on the Drug Manufacturers 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. MJ Holdings's current Tax Rate % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MJ Holdings stock overvalued right now?
MJ Holdings (MJNE) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. 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 MJ Holdings (MJNE), the current Tax Rate % is 0.00% as of Sep. 2023. 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.

MJ Holdings Business Description

Address 5730 Sky Pointe Dr., Suite 102, Las Vegas, NV, USA, 89130
MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry. It provides a full spectrum of infrastructure, cultivation management, production management, distribution consulting, and operating services to cultivation and production operators.