Bourse DirectCHIX:BSDP 76 Pretax Margin % is 38.25% as of Dec. 2025, which is 72% above its 10-year median of 22.19. GuruFocus rates CHIX:BSDP with a GF Score™ of 76/100 and a GF Value™ of €1.91. The stock has 5 warning signs investors should review. Among 777 Capital Markets companies, Bourse Direct ranks better than 66.92% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Bourse Direct's Pre-Tax Income for the
six
months ended in Dec. 2025 was €13.74 Mil. Bourse Direct's Revenue for the
six
months ended in Dec. 2025 was €35.93 Mil. Therefore, Bourse Direct's pretax margin for the quarter that ended in Dec. 2025 was 38.25%.
The historical rank and industry rank for Bourse Direct's Pretax Margin % or its related term are showing as below:
CHIX:BSDp'
s Pretax Margin % Range Over the Past 10 Years
Min: 7.34 Med: 22.19 Max: 37.99
Current: 37.99
CHIX:BSDp's Pretax Margin % is ranked better than 66.92% of 777
companies
in the Capital Markets industry
Industry Median: 20.36
vs CHIX:BSDp: 37.99
Bourse Direct (CHIX:BSDp) Pretax Margin % Explanation
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.
Bourse Direct Pretax Margin % Related Terms
Bourse Direct Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Bourse Direct's Pretax Margin % 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.
CHIX:BSDP vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Bourse Direct'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.
Bourse Direct Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bourse Direct's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Bourse Direct'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.
Bourse Direct (CHIX:BSDP) has a Pretax Margin % of 38.25% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Bourse Direct and its competitors. This is 72% above median its historical median of 22.19. Over the past decade, Bourse Direct's Pretax Margin % has ranged from 7.34 to 37.99. According to the industry distribution chart, Bourse Direct ranks #257 out of 777 companies in the Capital Markets industry, placing it in the top 33.1%.
Is Bourse Direct's Pretax Margin % too high?
Bourse Direct's current Pretax Margin % of 38.25% is 72% above median its 10-year median of 22.19. Over the past 10 years, this metric has ranged from a low of 7.34 to a high of 37.99. The Capital Markets industry median Pretax Margin % is 20.36. Bourse Direct's value of 38.25% is 87.9% above this industry median. Based on the distribution chart, Bourse Direct ranks #257 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Bourse Direct has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Bourse Direct's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Bourse Direct ranks #257 out of 777 companies for Pretax Margin %. This puts Bourse Direct in the upper half of its industry. The industry median Pretax Margin % is 20.36. Bourse Direct's value of 38.25% is 87.9% above this benchmark. Historically, Bourse Direct's own Pretax Margin % has ranged from 7.34 to 37.99 over the past decade. While the company's 10-year median is 22.19 vs. the industry median of 20.36, Bourse Direct 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 20.36, based on 777 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. Bourse Direct's current Pretax Margin % of 38.25% is 87.9% 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 Bourse Direct and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bourse Direct's current Pretax Margin % is 38.25%, which is 72% above median its own 10-year median of 22.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bourse Direct stock overvalued right now?
Bourse Direct (CHIX:BSDP) has a current Pretax Margin % of 38.25%. The stock's GF Value™ is €1.91, compared to a current price of €1.65 — trading 13.6% below its estimated fair value. The current Pretax Margin % is 38.25%, which is 72% above median its 10-year median of 22.19 and 87.9% above the Capital Markets industry median of 20.36. Bourse Direct's overall GF Score™ is 76/100 with 5 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 Bourse Direct (CHIX:BSDP), the current Pretax Margin % is 38.25% 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 Bourse Direct (CHIX:BSDP) Overvalued in 2026?
Based on GuruFocus' analysis, Bourse Direct stock appears to be undervalued.
The current stock price of €1.65 is trading 13.6% below its estimated GF Value™ of €1.91.
Key valuation signals for CHIX:BSDP:
Pretax Margin %: 38.25% (72% above median its 10-year median of 22.19)
GF Value™: €1.91 vs. price of €1.65 (13.6% below fair value)
Industry Position: 87.9% above the Capital Markets median (#257 of 777)
No single metric tells the full story. See the CHIX:BSDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bourse Direct is engaged in providing Internet stock brokerage services in France. The company offers a platform of services, tools, and financial products, including French and foreign equities, derivatives, trackers, warrants, certificates, turbos, mutual funds, UCITS, and CFDs, as well as tax exemption, real estate, and life insurance products.
76GF Score
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