Euronext NVERNXY -0.25%88 Pretax Margin % is 53.64% as of Mar. 2026, which is 6% above its 10-year median of 50.38. GuruFocus rates ERNXY with a GF Score™ of 88/100 and a GF Value™ of $29.97 (Fairly Valued). The stock has 5 warning signs investors should review. Among 774 Capital Markets companies, Euronext NV ranks better than 78.94% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Euronext NV's Pre-Tax Income for the
three
months ended in Mar. 2026 was $326 Mil. Euronext NV's Revenue for the
three
months ended in Mar. 2026 was $609 Mil. Therefore, Euronext NV's pretax margin for the quarter that ended in Mar. 2026 was 53.64%.
The historical rank and industry rank for Euronext NV's Pretax Margin % or its related term are showing as below:
ERNXY'
s Pretax Margin % Range Over the Past 10 Years
Min: 43.44 Med: 50.38 Max: 58.44
Current: 51.8
ERNXY's Pretax Margin % is ranked better than 78.94% of 774
companies
in the Capital Markets industry
Industry Median: 20.32
vs ERNXY: 51.80
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.
Euronext NV Pretax Margin % Related Terms
Euronext NV Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Euronext NV'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.
ERNXY vs SPGI, CME, ICE: Pretax Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Euronext NV'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.
Euronext NV Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Euronext NV's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Euronext NV'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.
Euronext NV (ERNXY) has a Pretax Margin % of 53.64% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Euronext NV and its competitors. This is near median its historical median of 50.38. Over the past decade, Euronext NV's Pretax Margin % has ranged from 43.44 to 58.44. According to the industry distribution chart, Euronext NV ranks #163 out of 774 companies in the Capital Markets industry, placing it in the top 21.1%.
Is Euronext NV's Pretax Margin % too high?
Euronext NV's current Pretax Margin % of 53.64% is near median its 10-year median of 50.38. Over the past 10 years, this metric has ranged from a low of 43.44 to a high of 58.44. The Capital Markets industry median Pretax Margin % is 20.32. Euronext NV's value of 53.64% is 164% above this industry median. Based on the distribution chart, Euronext NV ranks #163 out of 774 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Euronext NV has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Euronext NV's Pretax Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Euronext NV ranks #163 out of 774 companies for Pretax Margin %. This places Euronext NV in the top 21% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 20.32. Euronext NV's value of 53.64% is 164% above this benchmark. Historically, Euronext NV's own Pretax Margin % has ranged from 43.44 to 58.44 over the past decade. While the company's 10-year median is 50.38 vs. the industry median of 20.32, Euronext NV 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. Euronext NV's current Pretax Margin % of 53.64% is 164% 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 Euronext NV 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. Euronext NV's current Pretax Margin % is 53.64%, which is near median its own 10-year median of 50.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronext NV stock overvalued right now?
Based on GuruFocus' analysis, Euronext NV (ERNXY) is currently considered Fairly Valued. The stock's GF Value™ is $29.97, compared to a current price of $31.90 — trading 6.4% above its estimated fair value. The current Pretax Margin % is 53.64%, which is near median its 10-year median of 50.38 and 164% above the Capital Markets industry median of 20.32. Euronext NV's overall GF Score™ is 88/100 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 Euronext NV (ERNXY), the current Pretax Margin % is 53.64% 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 Euronext NV (ERNXY) Overvalued in 2026?
Based on GuruFocus' analysis, Euronext NV stock appears to be overvalued.
The current stock price of $31.90 is trading 6.4% above its estimated GF Value™ of $29.97.
GuruFocus considers Euronext NV to be Fairly Valued.
Key valuation signals for ERNXY:
Pretax Margin %: 53.64% (near median its 10-year median of 50.38)
GF Value™: $29.97 vs. price of $31.90 (6.4% above fair value)
Industry Position: 164% above the Capital Markets median (#163 of 774)
No single metric tells the full story. See the ERNXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.
88GF Score
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