Profit before tax

(PBT).

A measure of the overall profitability of a business, before taking account of the effects of taxation.

Profit before tax is intermediate between Profit before interest and tax, and Profit after tax.

See also

• Interest cover
• Net operating profit after tax
• Operating profit
• Profit after tax
• Profit before interest and tax
• Profit before tax margin
• Return on capital employed
• Tax