Monex GroupMNXBF -8.30%64 Pretax Margin % is 11.69% as of Mar. 2026, which is 2% below its 10-year median of 11.91. GuruFocus rates MNXBF with a GF Score™ of 64/100 and a GF Value™ of $5.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 777 Capital Markets companies, Monex Group ranks worse than 53.41% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Monex Group's Pre-Tax Income for the
three
months ended in Mar. 2026 was $19.5 Mil. Monex Group's Revenue for the
three
months ended in Mar. 2026 was $166.8 Mil. Therefore, Monex Group's pretax margin for the quarter that ended in Mar. 2026 was 11.69%.
The historical rank and industry rank for Monex Group's Pretax Margin % or its related term are showing as below:
MNXBF'
s Pretax Margin % Range Over the Past 10 Years
Min: -5.96 Med: 11.91 Max: 30.37
Current: 17.54
MNXBF's Pretax Margin % is ranked worse than 53.41% of 777
companies
in the Capital Markets industry
Industry Median: 20.36
vs MNXBF: 17.54
Monex Group (OTCPK:MNXBF) 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.
Monex Group Pretax Margin % Related Terms
Monex Group Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Monex Group'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.
For the Capital Markets subindustry, Monex Group'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.
Monex Group Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Monex Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Monex Group'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.
Monex Group (MNXBF) has a Pretax Margin % of 11.69% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Monex Group and its competitors. This is near median its historical median of 11.91. According to the industry distribution chart, Monex Group ranks #415 out of 777 companies in the Capital Markets industry, placing it in the top 53.4%.
Is Monex Group's Pretax Margin % too high?
Monex Group's current Pretax Margin % of 11.69% is near median its 10-year median of 11.91. The Capital Markets industry median Pretax Margin % is 20.36. Monex Group's value of 11.69% is 42.6% below this industry median. Based on the distribution chart, Monex Group ranks #415 out of 777 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Monex Group has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monex Group's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Monex Group ranks #415 out of 777 companies for Pretax Margin %. This places Monex Group in the lower half of its industry. The industry median Pretax Margin % is 20.36. Monex Group's value of 11.69% is 42.6% below this benchmark. While the company's 10-year median is 11.91 vs. the industry median of 20.36, Monex Group has consistently been below 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. Monex Group's current Pretax Margin % of 11.69% is 42.6% below 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 Monex Group 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. Monex Group's current Pretax Margin % is 11.69%, which is near median its own 10-year median of 11.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monex Group stock overvalued right now?
Based on GuruFocus' analysis, Monex Group (MNXBF) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.03, compared to a current price of $3.92 — trading 22.1% below its estimated fair value. The current Pretax Margin % is 11.69%, which is near median its 10-year median of 11.91 and 42.6% below the Capital Markets industry median of 20.36. Monex Group's overall GF Score™ is 64/100 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 Monex Group (MNXBF), the current Pretax Margin % is 11.69% 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 Monex Group (MNXBF) Overvalued in 2026?
Based on GuruFocus' analysis, Monex Group stock appears to be undervalued.
The current stock price of $3.92 is trading 22.1% below its estimated GF Value™ of $5.03.
GuruFocus considers Monex Group to be Modestly Undervalued.
Key valuation signals for MNXBF:
Pretax Margin %: 11.69% (near median its 10-year median of 11.91)
GF Value™: $5.03 vs. price of $3.92 (22.1% below fair value)
Industry Position: 42.6% below the Capital Markets median (#415 of 777)
No single metric tells the full story. See the MNXBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.
64GF Score
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