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Ace Digital ASFRA:ZR9 +3.92%12 Pretax Margin % is -47.85% as of Dec. 2025. GuruFocus rates FRA:ZR9 with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 776 Capital Markets companies, Ace Digital AS ranks worse than 85.31% on this metric.
Ace Digital AS (FRA:ZR9) 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.
Ace Digital AS Pretax Margin % Related Terms
Ace Digital AS Pretax Margin % Historical Data
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The historical data trend for Ace Digital AS'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.
Ace Digital AS Pretax Margin % Chart
Ace Digital AS Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Pretax Margin %
0.00
-7.94
0.18
-47.85
Ace Digital AS Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Pretax Margin %
0.00
-7.94
0.18
-47.85
FRA:ZR9 vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Ace Digital AS'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.
Ace Digital AS Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Ace Digital AS's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ace Digital AS'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.
Ace Digital AS (FRA:ZR9) has a Pretax Margin % of -47.85% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ace Digital AS and its competitors. According to the industry distribution chart, Ace Digital AS ranks #662 out of 776 companies in the Capital Markets industry, placing it in the top 85.3%.
Is Ace Digital AS's Pretax Margin % too high?
Ace Digital AS's current Pretax Margin % is -47.85%. Based on the distribution chart, Ace Digital AS ranks #662 out of 776 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Ace Digital AS has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Ace Digital AS's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Ace Digital AS ranks #662 out of 776 companies for Pretax Margin %. This places Ace Digital AS in the lower half of its industry. The industry median Pretax Margin % is 20.84. 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 20.84, based on 776 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. 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 Ace Digital AS and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ace Digital AS's current Pretax Margin % is -47.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ace Digital AS stock overvalued right now?
Ace Digital AS (FRA:ZR9) has a current Pretax Margin % of -47.85%. The current Pretax Margin % is -47.85%. Ace Digital AS's overall GF Score™ is 12/100 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 Ace Digital AS (FRA:ZR9), the current Pretax Margin % is -47.85% 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.
Ace Digital AS is an investment holding company. The company focuses on investing in and managing businesses in the Bitcoin ecosystem. The company's purpose is to be an attractive way to participate in that thesis - through a structure designed to do more than hold Bitcoin passively. It is building a Bitcoin platform. The company uses Bitcoin as a main asset while offering products and services.
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