New Jersey Department of Education
For FactSet, at the time of my purchase, Value Line projected the net profit margin at 19 percent at a tax rate of 39 percent. The calculation is net profit margin divided by (1 minus the tax rate). Thus, 19 divided by (1 minus 0.39) = 31.1 percent pre-tax profit margin. I usually find Value Line's profit margin projection to be somewhat ... ................
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