Daiwa Securities GroupDSECF -0.97%66 Pretax Margin % is 29.03% as of Mar. 2026, which is 16% above its 10-year median of 25.01. GuruFocus rates DSECF with a GF Score™ of 66/100 and a GF Value™ of $7.61 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 774 Capital Markets companies, Daiwa Securities Group ranks better than 59.56% on this metric.
The historical rank and industry rank for Daiwa Securities Group's Pretax Margin % or its related term are showing as below:
DSECF'
s Pretax Margin % Range Over the Past 10 Years
Min: 15.96 Med: 25.01 Max: 29.76
Current: 29.57
DSECF's Pretax Margin % is ranked better than 59.56% of 774
companies
in the Capital Markets industry
Industry Median: 20.32
vs DSECF: 29.57
Daiwa Securities Group (OTCPK:DSECF) 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.
Daiwa Securities Group Pretax Margin % Related Terms
Daiwa Securities Group Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Daiwa Securities Group'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.
For the Capital Markets subindustry, Daiwa Securities Group'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.
Daiwa Securities Group Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Daiwa Securities Group'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.
Daiwa Securities Group (DSECF) has a Pretax Margin % of 29.03% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Daiwa Securities Group and its competitors. This is 16% above median its historical median of 25.01. Over the past decade, Daiwa Securities Group's Pretax Margin % has ranged from 15.96 to 29.76. According to the industry distribution chart, Daiwa Securities Group ranks #313 out of 774 companies in the Capital Markets industry, placing it in the top 40.4%.
Is Daiwa Securities Group's Pretax Margin % too high?
Daiwa Securities Group's current Pretax Margin % of 29.03% is 16% above median its 10-year median of 25.01. Over the past 10 years, this metric has ranged from a low of 15.96 to a high of 29.76. The Capital Markets industry median Pretax Margin % is 20.32. Daiwa Securities Group's value of 29.03% is 42.9% above this industry median. Based on the distribution chart, Daiwa Securities Group ranks #313 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Daiwa Securities Group has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Securities Group's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Daiwa Securities Group ranks #313 out of 774 companies for Pretax Margin %. This puts Daiwa Securities Group in the upper half of its industry. The industry median Pretax Margin % is 20.32. Daiwa Securities Group's value of 29.03% is 42.9% above this benchmark. Historically, Daiwa Securities Group's own Pretax Margin % has ranged from 15.96 to 29.76 over the past decade. While the company's 10-year median is 25.01 vs. the industry median of 20.32, Daiwa Securities Group 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. Daiwa Securities Group's current Pretax Margin % of 29.03% is 42.9% 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 Daiwa Securities Group 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. Daiwa Securities Group's current Pretax Margin % is 29.03%, which is 16% above median its own 10-year median of 25.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Securities Group (DSECF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.61, compared to a current price of $9.69 — trading 27.3% above its estimated fair value. The current Pretax Margin % is 29.03%, which is 16% above median its 10-year median of 25.01 and 42.9% above the Capital Markets industry median of 20.32. Daiwa Securities Group's overall GF Score™ is 66/100 with 4 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 Daiwa Securities Group (DSECF), the current Pretax Margin % is 29.03% 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 Daiwa Securities Group (DSECF) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Securities Group stock appears to be overvalued.
The current stock price of $9.69 is trading 27.3% above its estimated GF Value™ of $7.61.
GuruFocus considers Daiwa Securities Group to be Modestly Overvalued.
Key valuation signals for DSECF:
Pretax Margin %: 29.03% (16% above median its 10-year median of 25.01)
GF Value™: $7.61 vs. price of $9.69 (27.3% above fair value)
Industry Position: 42.9% above the Capital Markets median (#313 of 774)
No single metric tells the full story. See the DSECF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Securities Group Inc is a Japan-based financial services company. The company operates through four segments. The Asset Management Division manages investment trusts, funds, and corporations across assets, including private equity, real estate, renewable energy, and infrastructure, while also offering advisory services to institutional investors in Japan and overseas. The Global Markets & Investment Banking Division handles sales and trading of securities, foreign exchange, and derivatives, and provides underwriting and M&A advisory. The Wealth Management Division serves individuals and private corporate clients with diverse financial products. Others include subsidiary management, information services, administration, and real estate leasing.
66GF Score
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