The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Maybank Securities (Thailand) PCL Pretax Margin % Related Terms
Maybank Securities (Thailand) PCL Pretax Margin % Historical Data
* 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.
BKK:MST-R vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) PCL's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Maybank Securities (Thailand) PCL Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) PCL's Pretax Margin % falls into.
* 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.
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Pretax Margin % of 36.88% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Maybank Securities (Thailand) PCL and its competitors. This is 50% above median its historical median of 24.51. Over the past decade, Maybank Securities (Thailand) PCL's Pretax Margin % has ranged from 14.77 to 41.41. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #366 out of 774 companies in the Capital Markets industry, placing it in the top 47.3%.
Is Maybank Securities (Thailand) PCL's Pretax Margin % too high?
Maybank Securities (Thailand) PCL's current Pretax Margin % of 36.88% is 50% above median its 10-year median of 24.51. Over the past 10 years, this metric has ranged from a low of 14.77 to a high of 41.41. The Capital Markets industry median Pretax Margin % is 20.32. Maybank Securities (Thailand) PCL's value of 36.88% is 81.5% above this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #366 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #366 out of 774 companies for Pretax Margin %. This puts Maybank Securities (Thailand) PCL in the upper half of its industry. The industry median Pretax Margin % is 20.32. Maybank Securities (Thailand) PCL's value of 36.88% is 81.5% above this benchmark. Historically, Maybank Securities (Thailand) PCL's own Pretax Margin % has ranged from 14.77 to 41.41 over the past decade. While the company's 10-year median is 24.51 vs. the industry median of 20.32, Maybank Securities (Thailand) PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.32, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maybank Securities (Thailand) PCL's current Pretax Margin % of 36.88% is 81.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Pretax Margin % is 36.88%, which is 50% above median its own 10-year median of 24.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Pretax Margin % of 36.88%. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current Pretax Margin % is 36.88%, which is 50% above median its 10-year median of 24.51 and 81.5% above the Capital Markets industry median of 20.32. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Maybank Securities (Thailand) PCL (BKK:MST-R), the current Pretax Margin % is 36.88% 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.
Key valuation signals for BKK:MST-R:
Pretax Margin %: 36.88% (50% above median its 10-year median of 24.51)
GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
Industry Position: 81.5% above the Capital Markets median (#366 of 774)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
59GF Score
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