Tradegate AG WertpapierhandelsbankFRA:T2G 18 Pretax Margin % is 41.91% as of Dec. 2025, which is 6% above its 10-year median of 39.49. GuruFocus rates FRA:T2G with a GF Score™ of 18/100 and a GF Value™ of €124.58 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 777 Capital Markets companies, Tradegate AG Wertpapierhandelsbank ranks better than 68.47% on this metric.
The historical rank and industry rank for Tradegate AG Wertpapierhandelsbank's Pretax Margin % or its related term are showing as below:
FRA:T2G'
s Pretax Margin % Range Over the Past 10 Years
Min: 32.64 Med: 39.49 Max: 63.44
Current: 39.55
FRA:T2G's Pretax Margin % is ranked better than 68.47% of 777
companies
in the Capital Markets industry
Industry Median: 20.36
vs FRA:T2G: 39.55
Tradegate AG Wertpapierhandelsbank (FRA:T2G) 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.
Tradegate AG Wertpapierhandelsbank Pretax Margin % Related Terms
Tradegate AG Wertpapierhandelsbank 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.
Tradegate AG Wertpapierhandelsbank Pretax Margin % Chart
FRA:T2G vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Tradegate AG Wertpapierhandelsbank'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.
Tradegate AG Wertpapierhandelsbank Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tradegate AG Wertpapierhandelsbank's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tradegate AG Wertpapierhandelsbank'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.
Tradegate AG Wertpapierhandelsbank (FRA:T2G) has a Pretax Margin % of 41.91% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tradegate AG Wertpapierhandelsbank and its competitors. This is near median its historical median of 39.49. Over the past decade, Tradegate AG Wertpapierhandelsbank's Pretax Margin % has ranged from 32.64 to 63.44. According to the industry distribution chart, Tradegate AG Wertpapierhandelsbank ranks #245 out of 777 companies in the Capital Markets industry, placing it in the top 31.5%.
Is Tradegate AG Wertpapierhandelsbank's Pretax Margin % too high?
Tradegate AG Wertpapierhandelsbank's current Pretax Margin % of 41.91% is near median its 10-year median of 39.49. Over the past 10 years, this metric has ranged from a low of 32.64 to a high of 63.44. The Capital Markets industry median Pretax Margin % is 20.36. Tradegate AG Wertpapierhandelsbank's value of 41.91% is 105.8% above this industry median. Based on the distribution chart, Tradegate AG Wertpapierhandelsbank ranks #245 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Tradegate AG Wertpapierhandelsbank has a GF Score™ of 18/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tradegate AG Wertpapierhandelsbank's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Tradegate AG Wertpapierhandelsbank ranks #245 out of 777 companies for Pretax Margin %. This puts Tradegate AG Wertpapierhandelsbank in the upper half of its industry. The industry median Pretax Margin % is 20.36. Tradegate AG Wertpapierhandelsbank's value of 41.91% is 105.8% above this benchmark. Historically, Tradegate AG Wertpapierhandelsbank's own Pretax Margin % has ranged from 32.64 to 63.44 over the past decade. While the company's 10-year median is 39.49 vs. the industry median of 20.36, Tradegate AG Wertpapierhandelsbank 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 a Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.36, 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. Tradegate AG Wertpapierhandelsbank's current Pretax Margin % of 41.91% is 105.8% 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 Tradegate AG Wertpapierhandelsbank and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tradegate AG Wertpapierhandelsbank's current Pretax Margin % is 41.91%, which is near median its own 10-year median of 39.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tradegate AG Wertpapierhandelsbank stock overvalued right now?
Based on GuruFocus' analysis, Tradegate AG Wertpapierhandelsbank (FRA:T2G) is currently considered Possible Value Trap. The stock's GF Value™ is €124.58, compared to a current price of €84.00 — trading 32.6% below its estimated fair value. The current Pretax Margin % is 41.91%, which is near median its 10-year median of 39.49 and 105.8% above the Capital Markets industry median of 20.36. Tradegate AG Wertpapierhandelsbank's overall GF Score™ is 18/100 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 Tradegate AG Wertpapierhandelsbank (FRA:T2G), the current Pretax Margin % is 41.91% 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 Tradegate AG Wertpapierhandelsbank (FRA:T2G) Overvalued in 2026?
Based on GuruFocus' analysis, Tradegate AG Wertpapierhandelsbank stock appears to be undervalued.
The current stock price of €84.00 is trading 32.6% below its estimated GF Value™ of €124.58.
GuruFocus considers Tradegate AG Wertpapierhandelsbank to be Possible Value Trap.
Key valuation signals for FRA:T2G:
Pretax Margin %: 41.91% (near median its 10-year median of 39.49)
GF Value™: €124.58 vs. price of €84.00 (32.6% below fair value)
Industry Position: 105.8% above the Capital Markets median (#245 of 777)
No single metric tells the full story. See the FRA:T2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tradegate AG Wertpapierhandelsbank Business Description
Tradegate AG Wertpapierhandelsbank is a Germany-based company. It is engaged in providing banking and financial services. In addition to retail banking, the company focuses on the trading of several domestic and foreign securities on the Tradegate Exchange, and the Frankfurt and Berlin stock exchanges. The company's main business activity consists of market specialist activities and market making; it acts as a Market Specialist on the Tradegate Exchange and the Frankfurt Stock Exchange and as an order book manager on the Berlin Stock Exchange. It extends its services to the securities listing on the stock exchanges in Munich, Stuttgart, Hamburg, Hanover, and Dusseldorf.
18GF Score
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