Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
XDFRA:3OE -2.58%86 Pretax Margin % is 31.26% as of Dec. 2025, which is 335% above its 10-year median of 7.18. GuruFocus rates FRA:3OE with a GF Score™ of 86/100 and a GF Value™ of €3.93 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 552 Interactive Media companies, XD ranks better than 86.96% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. XD's Pre-Tax Income for the
six
months ended in Dec. 2025 was €101.6 Mil. XD's Revenue for the
six
months ended in Dec. 2025 was €325.2 Mil. Therefore, XD's pretax margin for the quarter that ended in Dec. 2025 was 31.26%.
The historical rank and industry rank for XD's Pretax Margin % or its related term are showing as below:
FRA:3OE'
s Pretax Margin % Range Over the Past 10 Years
Min: -35.36 Med: 7.18 Max: 29.83
Current: 29.83
FRA:3OE's Pretax Margin % is ranked better than 86.96% of 552
companies
in the Interactive Media industry
Industry Median: 2.04
vs FRA:3OE: 29.83
XD (FRA:3OE) 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.
XD Pretax Margin % Related Terms
XD Pretax Margin % Historical Data
* Premium members only.
The historical data trend for XD'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.
FRA:3OE vs NTES, EA, TTWO: Pretax Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, XD'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.
XD Pretax Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, XD's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where XD'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.
XD (FRA:3OE) has a Pretax Margin % of 31.26% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on XD and its competitors. This is 335% above median its historical median of 7.18. According to the industry distribution chart, XD ranks #72 out of 552 companies in the Interactive Media industry, placing it in the top 13%.
Is XD's Pretax Margin % too high?
XD's current Pretax Margin % of 31.26% is 335% above median its 10-year median of 7.18. The Interactive Media industry median Pretax Margin % is 2.04. XD's value of 31.26% is 1432.4% above this industry median. Based on the distribution chart, XD ranks #72 out of 552 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, XD has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XD's Pretax Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, XD ranks #72 out of 552 companies for Pretax Margin %. This places XD in the top 13% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 2.04. XD's value of 31.26% is 1432.4% above this benchmark. While the company's 10-year median is 7.18 vs. the industry median of 2.04, XD 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 an Interactive Media company?
The median Pretax Margin % among Interactive Media companies is 2.04, based on 552 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. XD's current Pretax Margin % of 31.26% is 1432.4% 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 XD and its competitors. For the Interactive Media industry, the median Pretax Margin % is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XD's current Pretax Margin % is 31.26%, which is 335% above median its own 10-year median of 7.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XD stock overvalued right now?
Based on GuruFocus' analysis, XD (FRA:3OE) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.93, compared to a current price of €4.54 — trading 15.5% above its estimated fair value. The current Pretax Margin % is 31.26%, which is 335% above median its 10-year median of 7.18 and 1432.4% above the Interactive Media industry median of 2.04. XD's overall GF Score™ is 86/100 with 1 warning sign 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 XD (FRA:3OE), the current Pretax Margin % is 31.26% 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 XD (FRA:3OE) Overvalued in 2026?
Based on GuruFocus' analysis, XD stock appears to be overvalued.
The current stock price of €4.54 is trading 15.5% above its estimated GF Value™ of €3.93.
GuruFocus considers XD to be Modestly Overvalued.
Key valuation signals for FRA:3OE:
Pretax Margin %: 31.26% (335% above median its 10-year median of 7.18)
GF Value™: €3.93 vs. price of €4.54 (15.5% above fair value)
Industry Position: 1432.4% above the Interactive Media median (#72 of 552)
No single metric tells the full story. See the FRA:3OE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XD Inc is an investment holding company. It is principally engaged in the development, operation, publishing and distribution of mobile and web games and operation of TapTap, a game community and platform. Its operating segments are game segment, offers game publishing and operating services on its own and via other Distribution Channels. Revenues from the game segment are mainly derived from game publishing and operating services. The TapTap platform segment offers online marketing services to game developers, game publishers, or their agents through the group's self-developed primary game community and platform. It generates majority of revenue from Game segment. Geographically majority of revenue comes from Chinese mainland.
86GF Score
Get the complete analysis for FRA:3OE
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:3OE has been successfully added to your 
