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.
Metalpha Technology Holding Pretax Margin % Related Terms
Metalpha Technology Holding 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.
FRA:D92 vs HGBL, GSIW, PLUT: Pretax Margin % Comparison
For the Capital Markets subindustry, Metalpha Technology Holding'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.
Metalpha Technology Holding Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Metalpha Technology Holding's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Metalpha Technology Holding'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.
Metalpha Technology Holding (FRA:D92) has a Pretax Margin % of 59.07% as of Sep. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Metalpha Technology Holding and its competitors. According to the industry distribution chart, Metalpha Technology Holding ranks #345 out of 776 companies in the Capital Markets industry, placing it in the top 44.5%.
Is Metalpha Technology Holding's Pretax Margin % too high?
Metalpha Technology Holding's current Pretax Margin % is 59.07%. The Capital Markets industry median Pretax Margin % is 20.70. Metalpha Technology Holding's value of 59.07% is 185.4% above this industry median. Based on the distribution chart, Metalpha Technology Holding ranks #345 out of 776 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Metalpha Technology Holding has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's Pretax Margin % compare to HGBL and GSIW?
According to the Capital Markets industry distribution chart, Metalpha Technology Holding ranks #345 out of 776 companies for Pretax Margin %. This puts Metalpha Technology Holding in the upper half of its industry. The industry median Pretax Margin % is 20.70. Metalpha Technology Holding's value of 59.07% is 185.4% above this benchmark. 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 20.70, based on 776 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. Metalpha Technology Holding's current Pretax Margin % of 59.07% is 185.4% 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 Metalpha Technology Holding and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metalpha Technology Holding's current Pretax Margin % is 59.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Metalpha Technology Holding (FRA:D92) has a current Pretax Margin % of 59.07%. The stock's GF Value™ is €1.81, compared to a current price of €0.78 — trading 56.9% below its estimated fair value. The current Pretax Margin % is 59.07% and 185.4% above the Capital Markets industry median of 20.70. Metalpha Technology Holding's overall GF Score™ is 42/100 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 Metalpha Technology Holding (FRA:D92), the current Pretax Margin % is 59.07% 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 Metalpha Technology Holding (FRA:D92) Overvalued in 2026?
Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued.
The current stock price of €0.78 is trading 56.9% below its estimated GF Value™ of €1.81.
Key valuation signals for FRA:D92:
Pretax Margin %: 59.07%
GF Value™: €1.81 vs. price of €0.78 (56.9% below fair value)
Industry Position: 185.4% above the Capital Markets median (#345 of 776)
No single metric tells the full story. See the FRA:D92 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score
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