XTBFRA:9PR -7.17%86 Pretax Margin % is 60.49% as of Mar. 2026, which is 37% above its 10-year median of 44.24. GuruFocus rates FRA:9PR with a GF Score™ of 86/100 and a GF Value™ of €21.91 (Fairly Valued). The stock has 6 warning signs investors should review. Among 777 Capital Markets companies, XTB ranks better than 74.52% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. XTB's Pre-Tax Income for the
three
months ended in Mar. 2026 was €153.8 Mil. XTB's Revenue for the
three
months ended in Mar. 2026 was €254.3 Mil. Therefore, XTB's pretax margin for the quarter that ended in Mar. 2026 was 60.49%.
The historical rank and industry rank for XTB's Pretax Margin % or its related term are showing as below:
FRA:9PR'
s Pretax Margin % Range Over the Past 10 Years
Min: 29.01 Med: 44.24 Max: 63.08
Current: 45.89
FRA:9PR's Pretax Margin % is ranked better than 74.52% of 777
companies
in the Capital Markets industry
Industry Median: 20.36
vs FRA:9PR: 45.89
XTB (FRA:9PR) 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.
XTB Pretax Margin % Related Terms
XTB Pretax Margin % Historical Data
* Premium members only.
The historical data trend for XTB'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:9PR vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, XTB'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.
XTB Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, XTB's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where XTB'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.
XTB (FRA:9PR) has a Pretax Margin % of 60.49% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on XTB and its competitors. This is 37% above median its historical median of 44.24. Over the past decade, XTB's Pretax Margin % has ranged from 29.01 to 63.08. According to the industry distribution chart, XTB ranks #198 out of 777 companies in the Capital Markets industry, placing it in the top 25.5%.
Is XTB's Pretax Margin % too high?
XTB's current Pretax Margin % of 60.49% is 37% above median its 10-year median of 44.24. Over the past 10 years, this metric has ranged from a low of 29.01 to a high of 63.08. The Capital Markets industry median Pretax Margin % is 20.36. XTB's value of 60.49% is 197.1% above this industry median. Based on the distribution chart, XTB ranks #198 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, XTB has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does XTB's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, XTB ranks #198 out of 777 companies for Pretax Margin %. This puts XTB in the upper half of its industry. The industry median Pretax Margin % is 20.36. XTB's value of 60.49% is 197.1% above this benchmark. Historically, XTB's own Pretax Margin % has ranged from 29.01 to 63.08 over the past decade. While the company's 10-year median is 44.24 vs. the industry median of 20.36, XTB 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. XTB's current Pretax Margin % of 60.49% is 197.1% 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 XTB 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. XTB's current Pretax Margin % is 60.49%, which is 37% above median its own 10-year median of 44.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTB stock overvalued right now?
Based on GuruFocus' analysis, XTB (FRA:9PR) is currently considered Fairly Valued. The stock's GF Value™ is €21.91, compared to a current price of €23.12 — trading 5.5% above its estimated fair value. The current Pretax Margin % is 60.49%, which is 37% above median its 10-year median of 44.24 and 197.1% above the Capital Markets industry median of 20.36. XTB's overall GF Score™ is 86/100 with 6 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 XTB (FRA:9PR), the current Pretax Margin % is 60.49% 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 XTB (FRA:9PR) Overvalued in 2026?
Based on GuruFocus' analysis, XTB stock appears to be overvalued.
The current stock price of €23.12 is trading 5.5% above its estimated GF Value™ of €21.91.
GuruFocus considers XTB to be Fairly Valued.
Key valuation signals for FRA:9PR:
Pretax Margin %: 60.49% (37% above median its 10-year median of 44.24)
GF Value™: €21.91 vs. price of €23.12 (5.5% above fair value)
Industry Position: 197.1% above the Capital Markets median (#198 of 777)
No single metric tells the full story. See the FRA:9PR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
86GF Score
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