Merkur Privatbank KGaAFRA:MBK -10.74%70 Pretax Margin % is 22.20% as of Mar. 2026, which is 2% above its 10-year median of 21.80. GuruFocus rates FRA:MBK with a GF Score™ of 70/100 and a GF Value™ of €16.91 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,530 Banks companies, Merkur Privatbank KGaA ranks worse than 83.99% on this metric.
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.
Merkur Privatbank KGaA Pretax Margin % Related Terms
Merkur Privatbank KGaA Pretax Margin % Historical Data
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The historical data trend for Merkur Privatbank KGaA'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.
For the Banks - Regional subindustry, Merkur Privatbank KGaA'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.
Merkur Privatbank KGaA Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Merkur Privatbank KGaA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Merkur Privatbank KGaA'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.
Merkur Privatbank KGaA (FRA:MBK) has a Pretax Margin % of 22.20% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Merkur Privatbank KGaA and its competitors. This is near median its historical median of 21.80. Over the past decade, Merkur Privatbank KGaA's Pretax Margin % has ranged from 10.26 to 24.64. According to the industry distribution chart, Merkur Privatbank KGaA ranks #1285 out of 1530 companies in the Banks industry, placing it in the top 84%.
Is Merkur Privatbank KGaA's Pretax Margin % too high?
Merkur Privatbank KGaA's current Pretax Margin % of 22.20% is near median its 10-year median of 21.80. Over the past 10 years, this metric has ranged from a low of 10.26 to a high of 24.64. The Banks industry median Pretax Margin % is 34.72. Merkur Privatbank KGaA's value of 22.20% is 36.1% below this industry median. Based on the distribution chart, Merkur Privatbank KGaA ranks #1285 out of 1530 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Merkur Privatbank KGaA has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merkur Privatbank KGaA's Pretax Margin % compare to PNC and USB?
According to the Banks industry distribution chart, Merkur Privatbank KGaA ranks #1285 out of 1530 companies for Pretax Margin %. This places Merkur Privatbank KGaA in the lower half of its industry. The industry median Pretax Margin % is 34.72. Merkur Privatbank KGaA's value of 22.20% is 36.1% below this benchmark. Historically, Merkur Privatbank KGaA's own Pretax Margin % has ranged from 10.26 to 24.64 over the past decade. While the company's 10-year median is 21.80 vs. the industry median of 34.72, Merkur Privatbank KGaA 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 Banks company?
The median Pretax Margin % among Banks companies is 34.72, based on 1,530 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. Merkur Privatbank KGaA's current Pretax Margin % of 22.20% is 36.1% 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 Merkur Privatbank KGaA and its competitors. For the Banks industry, the median Pretax Margin % is 34.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merkur Privatbank KGaA's current Pretax Margin % is 22.20%, which is near median its own 10-year median of 21.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merkur Privatbank KGaA stock overvalued right now?
Based on GuruFocus' analysis, Merkur Privatbank KGaA (FRA:MBK) is currently considered Significantly Undervalued. The stock's GF Value™ is €16.91, compared to a current price of €10.80 — trading 36.1% below its estimated fair value. The current Pretax Margin % is 22.20%, which is near median its 10-year median of 21.80 and 36.1% below the Banks industry median of 34.72. Merkur Privatbank KGaA's overall GF Score™ is 70/100 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 Merkur Privatbank KGaA (FRA:MBK), the current Pretax Margin % is 22.20% 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 Merkur Privatbank KGaA (FRA:MBK) Overvalued in 2026?
Based on GuruFocus' analysis, Merkur Privatbank KGaA stock appears to be undervalued.
The current stock price of €10.80 is trading 36.1% below its estimated GF Value™ of €16.91.
GuruFocus considers Merkur Privatbank KGaA to be Significantly Undervalued.
Key valuation signals for FRA:MBK:
Pretax Margin %: 22.20% (near median its 10-year median of 21.80)
GF Value™: €16.91 vs. price of €10.80 (36.1% below fair value)
Industry Position: 36.1% below the Banks median (#1285 of 1530)
No single metric tells the full story. See the FRA:MBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merkur Privatbank KGaA is a private bank based in Germany. It focuses on the sectors of private customers, corporate clients, leasing finance, asset management, and real estate development financing.
70GF Score
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