Secunet Security Networks AGFRA:YSN -0.84%91 Pretax Margin % is 15.34% as of Dec. 2025, which is 10% above its 10-year median of 13.97. GuruFocus rates FRA:YSN with a GF Score™ of 91/100 and a GF Value™ of €204.62 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,822 Software companies, Secunet Security Networks AG ranks better than 72.22% on this metric.
The historical rank and industry rank for Secunet Security Networks AG's Pretax Margin % or its related term are showing as below:
FRA:YSN'
s Pretax Margin % Range Over the Past 10 Years
Min: 10.32 Med: 13.97 Max: 18.83
Current: 11.22
FRA:YSN's Pretax Margin % is ranked better than 72.22% of 2822
companies
in the Software industry
Industry Median: 3.505
vs FRA:YSN: 11.22
Secunet Security Networks AG (FRA:YSN) 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.
Secunet Security Networks AG Pretax Margin % Related Terms
Secunet Security Networks AG 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.
Secunet Security Networks AG Pretax Margin % Chart
FRA:YSN vs MSFT, ORCL, PLTR: Pretax Margin % Comparison
For the Software - Infrastructure subindustry, Secunet Security Networks AG'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.
Secunet Security Networks AG Pretax Margin % vs Software Industry
For the Software industry and Technology sector, Secunet Security Networks AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Secunet Security Networks AG'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.
Secunet Security Networks AG (FRA:YSN) has a Pretax Margin % of 15.34% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Secunet Security Networks AG and its competitors. This is 10% above median its historical median of 13.97. Over the past decade, Secunet Security Networks AG's Pretax Margin % has ranged from 10.32 to 18.83. According to the industry distribution chart, Secunet Security Networks AG ranks #784 out of 2822 companies in the Software industry, placing it in the top 27.8%.
Is Secunet Security Networks AG's Pretax Margin % too high?
Secunet Security Networks AG's current Pretax Margin % of 15.34% is 10% above median its 10-year median of 13.97. Over the past 10 years, this metric has ranged from a low of 10.32 to a high of 18.83. The Software industry median Pretax Margin % is 3.51. Secunet Security Networks AG's value of 15.34% is 337.7% above this industry median. Based on the distribution chart, Secunet Security Networks AG ranks #784 out of 2822 companies in the Software industry, which is above the industry midpoint. Overall, Secunet Security Networks AG has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Secunet Security Networks AG's Pretax Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Secunet Security Networks AG ranks #784 out of 2822 companies for Pretax Margin %. This puts Secunet Security Networks AG in the upper half of its industry. The industry median Pretax Margin % is 3.51. Secunet Security Networks AG's value of 15.34% is 337.7% above this benchmark. Historically, Secunet Security Networks AG's own Pretax Margin % has ranged from 10.32 to 18.83 over the past decade. While the company's 10-year median is 13.97 vs. the industry median of 3.51, Secunet Security Networks AG 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 Software company?
The median Pretax Margin % among Software companies is 3.51, based on 2,822 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. Secunet Security Networks AG's current Pretax Margin % of 15.34% is 337.7% 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 Secunet Security Networks AG and its competitors. For the Software industry, the median Pretax Margin % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secunet Security Networks AG's current Pretax Margin % is 15.34%, which is 10% above median its own 10-year median of 13.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secunet Security Networks AG stock overvalued right now?
Based on GuruFocus' analysis, Secunet Security Networks AG (FRA:YSN) is currently considered Modestly Undervalued. The stock's GF Value™ is €204.62, compared to a current price of €166.00 — trading 18.9% below its estimated fair value. The current Pretax Margin % is 15.34%, which is 10% above median its 10-year median of 13.97 and 337.7% above the Software industry median of 3.51. Secunet Security Networks AG's overall GF Score™ is 91/100 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 Secunet Security Networks AG (FRA:YSN), the current Pretax Margin % is 15.34% 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 Secunet Security Networks AG (FRA:YSN) Overvalued in 2026?
Based on GuruFocus' analysis, Secunet Security Networks AG stock appears to be undervalued.
The current stock price of €166.00 is trading 18.9% below its estimated GF Value™ of €204.62.
GuruFocus considers Secunet Security Networks AG to be Modestly Undervalued.
Key valuation signals for FRA:YSN:
Pretax Margin %: 15.34% (10% above median its 10-year median of 13.97)
GF Value™: €204.62 vs. price of €166.00 (18.9% below fair value)
Industry Position: 337.7% above the Software median (#784 of 2822)
No single metric tells the full story. See the FRA:YSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Secunet Security Networks AG is an IT and telecommunications security provider. It offers public-sector clients and private-sector companies a comprehensive portfolio of products and consulting services for the protection of data, infrastructures, and digital identities as well as for information transmission, storage, and processing. Its services include consulting on IT security, software development, development, integration, operations, maintenance, and support of products. The company operates through two divisions, Public Sector, and Business Sector. The company generates maximum revenue from Public Sector.
91GF Score
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