BCEMEX:BCEN 43 Pretax Margin % is 14.69% as of Mar. 2026, which is 13% below its 10-year median of 16.85. GuruFocus rates MEX:BCEN with a GF Score™ of 43/100 and a GF Value™ of MXN439.41 (Fairly Valued). The stock has 7 warning signs investors should review. Among 368 Telecommunication Services companies, BCE ranks better than 90.76% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. BCE's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN11,908 Mil. BCE's Revenue for the
three
months ended in Mar. 2026 was MXN81,068 Mil. Therefore, BCE's pretax margin for the quarter that ended in Mar. 2026 was 14.69%.
The historical rank and industry rank for BCE's Pretax Margin % or its related term are showing as below:
MEX:BCEN'
s Pretax Margin % Range Over the Past 10 Years
Min: 3.9 Med: 16.85 Max: 31.5
Current: 31.06
MEX:BCEN's Pretax Margin % is ranked better than 90.76% of 368
companies
in the Telecommunication Services industry
Industry Median: 7.64
vs MEX:BCEN: 31.06
BCE (MEX:BCEN) 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.
BCE Pretax Margin % Related Terms
BCE Pretax Margin % Historical Data
* Premium members only.
The historical data trend for BCE'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.
MEX:BCEN vs TMUS, VZ, T: Pretax Margin % Comparison
For the Telecom Services subindustry, BCE'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.
BCE Pretax Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, BCE's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BCE'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.
BCE (MEX:BCEN) has a Pretax Margin % of 14.69% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BCE and its competitors. This is 13% below median its historical median of 16.85. Over the past decade, BCE's Pretax Margin % has ranged from 3.90 to 31.50. According to the industry distribution chart, BCE ranks #34 out of 368 companies in the Telecommunication Services industry, placing it in the top 9.2%.
Is BCE's Pretax Margin % too high?
BCE's current Pretax Margin % of 14.69% is 13% below median its 10-year median of 16.85. Over the past 10 years, this metric has ranged from a low of 3.90 to a high of 31.50. The Telecommunication Services industry median Pretax Margin % is 7.64. BCE's value of 14.69% is 92.3% above this industry median. Based on the distribution chart, BCE ranks #34 out of 368 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, BCE has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BCE's Pretax Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, BCE ranks #34 out of 368 companies for Pretax Margin %. This places BCE in the top 9% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 7.64. BCE's value of 14.69% is 92.3% above this benchmark. Historically, BCE's own Pretax Margin % has ranged from 3.90 to 31.50 over the past decade. While the company's 10-year median is 16.85 vs. the industry median of 7.64, BCE 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 Telecommunication Services company?
The median Pretax Margin % among Telecommunication Services companies is 7.64, based on 368 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. BCE's current Pretax Margin % of 14.69% is 92.3% 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 BCE and its competitors. For the Telecommunication Services industry, the median Pretax Margin % is 7.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BCE's current Pretax Margin % is 14.69%, which is 13% below median its own 10-year median of 16.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCE stock overvalued right now?
Based on GuruFocus' analysis, BCE (MEX:BCEN) is currently considered Fairly Valued. The stock's GF Value™ is MXN439.41, compared to a current price of MXN417.00 — trading 5.1% below its estimated fair value. The current Pretax Margin % is 14.69%, which is 13% below median its 10-year median of 16.85 and 92.3% above the Telecommunication Services industry median of 7.64. BCE's overall GF Score™ is 43/100 with 7 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 BCE (MEX:BCEN), the current Pretax Margin % is 14.69% 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 BCE (MEX:BCEN) Overvalued in 2026?
Based on GuruFocus' analysis, BCE stock appears to be undervalued.
The current stock price of MXN417.00 is trading 5.1% below its estimated GF Value™ of MXN439.41.
GuruFocus considers BCE to be Fairly Valued.
Key valuation signals for MEX:BCEN:
Pretax Margin %: 14.69% (13% below median its 10-year median of 16.85)
GF Value™: MXN439.41 vs. price of MXN417.00 (5.1% below fair value)
Industry Position: 92.3% above the Telecommunication Services median (#34 of 368)
No single metric tells the full story. See the MEX:BCEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the Big Three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the incumbent local exchange carrier—the legacy telephone provider—throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. BCE has a media segment that holds television, radio, and digital media assets. BCE licenses the Canadian rights to HBO Max and Starz.
43GF Score
Get the complete analysis for MEX:BCEN
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:BCEN has been successfully added to your 
