EUWAX AGHAM:EUX -4.65%74 Pretax Margin % is 27.05% as of Dec. 2025, which is 4% below its 10-year median of 28.14. GuruFocus rates HAM:EUX with a GF Score™ of 74/100 and a GF Value™ of €57.79 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 774 Capital Markets companies, EUWAX AG ranks better than 54.01% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. EUWAX AG's Pre-Tax Income for the
six
months ended in Dec. 2025 was €10.24 Mil. EUWAX AG's Revenue for the
six
months ended in Dec. 2025 was €37.85 Mil. Therefore, EUWAX AG's pretax margin for the quarter that ended in Dec. 2025 was 27.05%.
The historical rank and industry rank for EUWAX AG's Pretax Margin % or its related term are showing as below:
HAM:EUX'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.71 Med: 28.14 Max: 65.05
Current: 23.31
HAM:EUX's Pretax Margin % is ranked better than 54.01% of 774
companies
in the Capital Markets industry
Industry Median: 20.32
vs HAM:EUX: 23.31
EUWAX AG (HAM:EUX) 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.
EUWAX AG Pretax Margin % Related Terms
EUWAX AG Pretax Margin % Historical Data
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The historical data trend for EUWAX AG'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.
HAM:EUX vs SPGI, CME, ICE: Pretax Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, EUWAX 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.
EUWAX AG Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, EUWAX AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where EUWAX 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.
EUWAX AG (HAM:EUX) has a Pretax Margin % of 27.05% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on EUWAX AG and its competitors. This is near median its historical median of 28.14. Over the past decade, EUWAX AG's Pretax Margin % has ranged from 11.71 to 65.05. According to the industry distribution chart, EUWAX AG ranks #356 out of 774 companies in the Capital Markets industry, placing it in the top 46%.
Is EUWAX AG's Pretax Margin % too high?
EUWAX AG's current Pretax Margin % of 27.05% is near median its 10-year median of 28.14. Over the past 10 years, this metric has ranged from a low of 11.71 to a high of 65.05. The Capital Markets industry median Pretax Margin % is 20.32. EUWAX AG's value of 27.05% is 33.1% above this industry median. Based on the distribution chart, EUWAX AG ranks #356 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, EUWAX AG has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EUWAX AG's Pretax Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, EUWAX AG ranks #356 out of 774 companies for Pretax Margin %. This puts EUWAX AG in the upper half of its industry. The industry median Pretax Margin % is 20.32. EUWAX AG's value of 27.05% is 33.1% above this benchmark. Historically, EUWAX AG's own Pretax Margin % has ranged from 11.71 to 65.05 over the past decade. While the company's 10-year median is 28.14 vs. the industry median of 20.32, EUWAX 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 Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.32, based on 774 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. EUWAX AG's current Pretax Margin % of 27.05% is 33.1% 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 EUWAX AG and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EUWAX AG's current Pretax Margin % is 27.05%, which is near median its own 10-year median of 28.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EUWAX AG stock overvalued right now?
Based on GuruFocus' analysis, EUWAX AG (HAM:EUX) is currently considered Modestly Undervalued. The stock's GF Value™ is €57.79, compared to a current price of €49.20 — trading 14.9% below its estimated fair value. The current Pretax Margin % is 27.05%, which is near median its 10-year median of 28.14 and 33.1% above the Capital Markets industry median of 20.32. EUWAX AG's overall GF Score™ is 74/100 with 6 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 EUWAX AG (HAM:EUX), the current Pretax Margin % is 27.05% 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 EUWAX AG (HAM:EUX) Overvalued in 2026?
Based on GuruFocus' analysis, EUWAX AG stock appears to be undervalued.
The current stock price of €49.20 is trading 14.9% below its estimated GF Value™ of €57.79.
GuruFocus considers EUWAX AG to be Modestly Undervalued.
Key valuation signals for HAM:EUX:
Pretax Margin %: 27.05% (near median its 10-year median of 28.14)
GF Value™: €57.79 vs. price of €49.20 (14.9% below fair value)
Industry Position: 33.1% above the Capital Markets median (#356 of 774)
No single metric tells the full story. See the HAM:EUX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EUWAX AG is based in Germany. It trades securitised derivatives, provides liquidity for German equities and other trading instruments at the Stuttgart stock exchange. It manages various asset classes, such as securitized derivatives, domestic equities, bonds, and active and passive funds.
74GF Score
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