BGC GroupFRA:ESD +2.23%61 Pretax Margin % is 12.22% as of Mar. 2026, which is 88% above its 10-year median of 6.50. GuruFocus rates FRA:ESD with a GF Score™ of 61/100 and a GF Value™ of €10.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 777 Capital Markets companies, BGC Group ranks worse than 61.52% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. BGC Group's Pre-Tax Income for the
three
months ended in Mar. 2026 was €100 Mil. BGC Group's Revenue for the
three
months ended in Mar. 2026 was €817 Mil. Therefore, BGC Group's pretax margin for the quarter that ended in Mar. 2026 was 12.22%.
The historical rank and industry rank for BGC Group's Pretax Margin % or its related term are showing as below:
FRA:ESD'
s Pretax Margin % Range Over the Past 10 Years
Min: 0.24 Med: 6.5 Max: 8.94
Current: 7.84
FRA:ESD's Pretax Margin % is ranked worse than 61.52% of 777
companies
in the Capital Markets industry
Industry Median: 20.51
vs FRA:ESD: 7.84
BGC Group (FRA:ESD) 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.
BGC Group Pretax Margin % Related Terms
BGC Group Pretax Margin % Historical Data
* Premium members only.
The historical data trend for BGC Group'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:ESD vs MARA, GLXY, VIRT: Pretax Margin % Comparison
For the Capital Markets subindustry, BGC 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.
BGC Group Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BGC Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BGC 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.
BGC Group (FRA:ESD) has a Pretax Margin % of 12.22% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BGC Group and its competitors. This is 88% above median its historical median of 6.50. Over the past decade, BGC Group's Pretax Margin % has ranged from 0.24 to 8.94. According to the industry distribution chart, BGC Group ranks #478 out of 777 companies in the Capital Markets industry, placing it in the top 61.5%.
Is BGC Group's Pretax Margin % too high?
BGC Group's current Pretax Margin % of 12.22% is 88% above median its 10-year median of 6.50. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 8.94. The Capital Markets industry median Pretax Margin % is 20.51. BGC Group's value of 12.22% is 40.4% below this industry median. Based on the distribution chart, BGC Group ranks #478 out of 777 companies in the Capital Markets industry, which is below the industry midpoint. Overall, BGC Group has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BGC Group's Pretax Margin % compare to MARA and GLXY?
According to the Capital Markets industry distribution chart, BGC Group ranks #478 out of 777 companies for Pretax Margin %. This places BGC Group in the lower half of its industry. The industry median Pretax Margin % is 20.51. BGC Group's value of 12.22% is 40.4% below this benchmark. Historically, BGC Group's own Pretax Margin % has ranged from 0.24 to 8.94 over the past decade. While the company's 10-year median is 6.50 vs. the industry median of 20.51, BGC Group has consistently been below 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 20.51, 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. BGC Group's current Pretax Margin % of 12.22% is 40.4% below 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 BGC Group and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BGC Group's current Pretax Margin % is 12.22%, which is 88% above median its own 10-year median of 6.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BGC Group stock overvalued right now?
Based on GuruFocus' analysis, BGC Group (FRA:ESD) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.63, compared to a current price of €9.15 — trading 13.9% below its estimated fair value. The current Pretax Margin % is 12.22%, which is 88% above median its 10-year median of 6.50 and 40.4% below the Capital Markets industry median of 20.51. BGC Group's overall GF Score™ is 61/100 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 BGC Group (FRA:ESD), the current Pretax Margin % is 12.22% 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 BGC Group (FRA:ESD) Overvalued in 2026?
Based on GuruFocus' analysis, BGC Group stock appears to be undervalued.
The current stock price of €9.15 is trading 13.9% below its estimated GF Value™ of €10.63.
GuruFocus considers BGC Group to be Modestly Undervalued.
Key valuation signals for FRA:ESD:
Pretax Margin %: 12.22% (88% above median its 10-year median of 6.50)
GF Value™: €10.63 vs. price of €9.15 (13.9% below fair value)
Industry Position: 40.4% below the Capital Markets median (#478 of 777)
No single metric tells the full story. See the FRA:ESD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BGC Group Inc is a brokerage and financial technology company that serves financial markets, energy, and commodities markets. Its service and product offerings include brokerage for a wide range of financial products, including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, financial institutions, and corporate clients. BGC operates in one reportable segment, which is providing brokerage services. Geographically, the company generates a majority of its revenue from Europe, the Middle East and Africa (EMEA), followed by the Americas and the Asia-Pacific region.
61GF Score
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