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MGE EnergyFRA:MG1 73 Pretax Margin % is 22.39% as of Mar. 2026, which is 10% above its 10-year median of 20.36. GuruFocus rates FRA:MG1 with a GF Score™ of 73/100 and a GF Value™ of €76.09. The stock has 4 warning signs investors should review. Among 500 Utilities - Regulated companies, MGE Energy ranks better than 78.4% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MGE Energy's Pre-Tax Income for the
three
months ended in Mar. 2026 was €47.0 Mil. MGE Energy's Revenue for the
three
months ended in Mar. 2026 was €209.9 Mil. Therefore, MGE Energy's pretax margin for the quarter that ended in Mar. 2026 was 22.39%.
The historical rank and industry rank for MGE Energy's Pretax Margin % or its related term are showing as below:
FRA:MG1'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.11 Med: 20.36 Max: 21.67
Current: 21.25
FRA:MG1's Pretax Margin % is ranked better than 78.4% of 500
companies
in the Utilities - Regulated industry
Industry Median: 11.94
vs FRA:MG1: 21.25
MGE Energy (FRA:MG1) 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.
MGE Energy Pretax Margin % Related Terms
MGE Energy Pretax Margin % Historical Data
* Premium members only.
The historical data trend for MGE Energy'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:MG1 vs HE, NWE, IMSR: Pretax Margin % Comparison
For the Utilities - Regulated Electric subindustry, MGE Energy'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.
MGE Energy Pretax Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MGE Energy's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where MGE Energy'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.
MGE Energy (FRA:MG1) has a Pretax Margin % of 22.39% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on MGE Energy and its competitors. This is 10% above median its historical median of 20.36. Over the past decade, MGE Energy's Pretax Margin % has ranged from 18.11 to 21.67. According to the industry distribution chart, MGE Energy ranks #108 out of 500 companies in the Utilities - Regulated industry, placing it in the top 21.6%.
Is MGE Energy's Pretax Margin % too high?
MGE Energy's current Pretax Margin % of 22.39% is 10% above median its 10-year median of 20.36. Over the past 10 years, this metric has ranged from a low of 18.11 to a high of 21.67. The Utilities - Regulated industry median Pretax Margin % is 11.94. MGE Energy's value of 22.39% is 87.5% above this industry median. Based on the distribution chart, MGE Energy ranks #108 out of 500 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, MGE Energy has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does MGE Energy's Pretax Margin % compare to HE and NWE?
According to the Utilities - Regulated industry distribution chart, MGE Energy ranks #108 out of 500 companies for Pretax Margin %. This places MGE Energy in the top 22% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 11.94. MGE Energy's value of 22.39% is 87.5% above this benchmark. Historically, MGE Energy's own Pretax Margin % has ranged from 18.11 to 21.67 over the past decade. While the company's 10-year median is 20.36 vs. the industry median of 11.94, MGE Energy 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 an Utilities - Regulated company?
The median Pretax Margin % among Utilities - Regulated companies is 11.94, based on 500 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. MGE Energy's current Pretax Margin % of 22.39% is 87.5% 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 MGE Energy and its competitors. For the Utilities - Regulated industry, the median Pretax Margin % is 11.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGE Energy's current Pretax Margin % is 22.39%, which is 10% above median its own 10-year median of 20.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGE Energy stock overvalued right now?
MGE Energy (FRA:MG1) has a current Pretax Margin % of 22.39%. The stock's GF Value™ is €76.09, compared to a current price of €71.50 — trading 6% below its estimated fair value. The current Pretax Margin % is 22.39%, which is 10% above median its 10-year median of 20.36 and 87.5% above the Utilities - Regulated industry median of 11.94. MGE Energy's overall GF Score™ is 73/100 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 MGE Energy (FRA:MG1), the current Pretax Margin % is 22.39% 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 MGE Energy (FRA:MG1) Overvalued in 2026?
Based on GuruFocus' analysis, MGE Energy stock appears to be undervalued.
The current stock price of €71.50 is trading 6% below its estimated GF Value™ of €76.09.
Key valuation signals for FRA:MG1:
Pretax Margin %: 22.39% (10% above median its 10-year median of 20.36)
GF Value™: €76.09 vs. price of €71.50 (6% below fair value)
Industry Position: 87.5% above the Utilities - Regulated median (#108 of 500)
No single metric tells the full story. See the FRA:MG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGE Energy provides electric service to 170,000 customers and natural gas service to 180,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings.
73GF Score
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