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FRA:0BX'
s Pretax Margin % Range Over the Past 10 Years
Min: 55.93 Med: 62.51 Max: 78.5
Current: 74.16
FRA:0BX's Pretax Margin % is ranked better than 88.3% of 778
companies
in the Capital Markets industry
Industry Median: 20.77
vs FRA:0BX: 74.16
Bright Smart Securitiesmmodities Group (FRA:0BX) 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.
Bright Smart Securitiesmmodities Group Pretax Margin % Related Terms
Bright Smart Securitiesmmodities Group 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.
Bright Smart Securitiesmmodities Group Pretax Margin % Chart
Bright Smart Securitiesmmodities Group Annual Data
FRA:0BX vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Bright Smart Securitiesmmodities 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.
Bright Smart Securitiesmmodities Group Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Bright Smart Securitiesmmodities 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.
Bright Smart Securitiesmmodities Group (FRA:0BX) has a Pretax Margin % of 74.14% as of Sep. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Bright Smart Securitiesmmodities Group and its competitors. This is 19% above median its historical median of 62.51. Over the past decade, Bright Smart Securitiesmmodities Group's Pretax Margin % has ranged from 55.93 to 78.50. According to the industry distribution chart, Bright Smart Securitiesmmodities Group ranks #91 out of 778 companies in the Capital Markets industry, placing it in the top 11.7%.
Is Bright Smart Securitiesmmodities Group's Pretax Margin % too high?
Bright Smart Securitiesmmodities Group's current Pretax Margin % of 74.14% is 19% above median its 10-year median of 62.51. Over the past 10 years, this metric has ranged from a low of 55.93 to a high of 78.50. The Capital Markets industry median Pretax Margin % is 20.77. Bright Smart Securitiesmmodities Group's value of 74.14% is 257% above this industry median. Based on the distribution chart, Bright Smart Securitiesmmodities Group ranks #91 out of 778 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bright Smart Securitiesmmodities Group has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Smart Securitiesmmodities Group's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Bright Smart Securitiesmmodities Group ranks #91 out of 778 companies for Pretax Margin %. This places Bright Smart Securitiesmmodities Group in the top 12% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 20.77. Bright Smart Securitiesmmodities Group's value of 74.14% is 257% above this benchmark. Historically, Bright Smart Securitiesmmodities Group's own Pretax Margin % has ranged from 55.93 to 78.50 over the past decade. While the company's 10-year median is 62.51 vs. the industry median of 20.77, Bright Smart Securitiesmmodities 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 20.77, based on 778 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. Bright Smart Securitiesmmodities Group's current Pretax Margin % of 74.14% is 257% 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 Bright Smart Securitiesmmodities Group and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Smart Securitiesmmodities Group's current Pretax Margin % is 74.14%, which is 19% above median its own 10-year median of 62.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Smart Securitiesmmodities Group stock overvalued right now?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group (FRA:0BX) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.24, compared to a current price of €0.67 — trading 177.1% above its estimated fair value. The current Pretax Margin % is 74.14%, which is 19% above median its 10-year median of 62.51 and 257% above the Capital Markets industry median of 20.77. Bright Smart Securitiesmmodities Group's overall GF Score™ is 38/100 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 Bright Smart Securitiesmmodities Group (FRA:0BX), the current Pretax Margin % is 74.14% as of Sep. 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 Bright Smart Securitiesmmodities Group (FRA:0BX) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group stock appears to be overvalued.
The current stock price of €0.67 is trading 177.1% above its estimated GF Value™ of €0.24.
GuruFocus considers Bright Smart Securitiesmmodities Group to be Significantly Overvalued.
Key valuation signals for FRA:0BX:
Pretax Margin %: 74.14% (19% above median its 10-year median of 62.51)
GF Value™: €0.24 vs. price of €0.67 (177.1% above fair value)
Industry Position: 257% above the Capital Markets median (#91 of 778)
No single metric tells the full story. See the FRA:0BX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Smart Securitiesmmodities Group Business Description
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.
38GF Score
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