learnd SEFRA:LRND +1.85%37 Pretax Margin % is 23.78% as of Dec. 2025. GuruFocus rates FRA:LRND with a GF Score™ of 37/100 and a GF Value™ of €0.79 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 113 Diversified Financial Services companies, learnd SE ranks worse than 92.04% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. learnd SE's Pre-Tax Income for the
six
months ended in Dec. 2025 was €-8.07 Mil. learnd SE's Revenue for the
six
months ended in Dec. 2025 was €-33.93 Mil. Therefore, learnd SE's pretax margin for the quarter that ended in Dec. 2025 was 23.78%.
The historical rank and industry rank for learnd SE's Pretax Margin % or its related term are showing as below:
FRA:LRND'
s Pretax Margin % Range Over the Past 10 Years
Min: -326.42 Med: -77.65 Max: -0.89
Current: -326.42
FRA:LRND's Pretax Margin % is ranked worse than 92.04% of 113
companies
in the Diversified Financial Services industry
Industry Median: 11.12
vs FRA:LRND: -326.42
learnd SE (FRA:LRND) 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.
learnd SE Pretax Margin % Related Terms
learnd SE Pretax Margin % Historical Data
* Premium members only.
The historical data trend for learnd SE'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:LRND vs XXI, CCXI, DMII: Pretax Margin % Comparison
For the Shell Companies subindustry, learnd SE'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.
learnd SE Pretax Margin % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, learnd SE's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where learnd SE'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.
learnd SE (FRA:LRND) has a Pretax Margin % of 23.78% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on learnd SE and its competitors. According to the industry distribution chart, learnd SE ranks #104 out of 113 companies in the Diversified Financial Services industry, placing it in the top 92%.
Is learnd SE's Pretax Margin % too high?
learnd SE's current Pretax Margin % is 23.78%. The Diversified Financial Services industry median Pretax Margin % is 11.12. learnd SE's value of 23.78% is 113.8% above this industry median. Based on the distribution chart, learnd SE ranks #104 out of 113 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, learnd SE has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does learnd SE's Pretax Margin % compare to XXI and CCXI?
According to the Diversified Financial Services industry distribution chart, learnd SE ranks #104 out of 113 companies for Pretax Margin %. This places learnd SE in the lower half of its industry. The industry median Pretax Margin % is 11.12. learnd SE's value of 23.78% is 113.8% 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 Diversified Financial Services company?
The median Pretax Margin % among Diversified Financial Services companies is 11.12, based on 113 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. learnd SE's current Pretax Margin % of 23.78% is 113.8% 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 learnd SE and its competitors. For the Diversified Financial Services industry, the median Pretax Margin % is 11.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. learnd SE's current Pretax Margin % is 23.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is learnd SE stock overvalued right now?
Based on GuruFocus' analysis, learnd SE (FRA:LRND) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.79, compared to a current price of €2.20 — trading 178.5% above its estimated fair value. The current Pretax Margin % is 23.78% and 113.8% above the Diversified Financial Services industry median of 11.12. learnd SE's overall GF Score™ is 37/100 with 3 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 learnd SE (FRA:LRND), the current Pretax Margin % is 23.78% 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 learnd SE (FRA:LRND) Overvalued in 2026?
Based on GuruFocus' analysis, learnd SE stock appears to be overvalued.
The current stock price of €2.20 is trading 178.5% above its estimated GF Value™ of €0.79.
GuruFocus considers learnd SE to be Significantly Overvalued.
Key valuation signals for FRA:LRND:
Pretax Margin %: 23.78%
GF Value™: €0.79 vs. price of €2.20 (178.5% above fair value)
Industry Position: 113.8% above the Diversified Financial Services median (#104 of 113)
No single metric tells the full story. See the FRA:LRND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
learnd SE is engaged in the design, installation, service and maintenance of Building Management Systems (BMS) and Building Energy Management Systems, and the provision of associated bureau services.
37GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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