BSENSE:BSE -3.14%89 Pretax Margin % is 68.02% as of Mar. 2026, which is 37% above its 10-year median of 49.47. GuruFocus rates NSE:BSE with a GF Score™ of 89/100 and a GF Value™ of ₹3,894.97 (Fairly Valued). The stock has 4 warning signs investors should review. Among 774 Capital Markets companies, BSE ranks better than 85.92% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. BSE's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹10,635 Mil. BSE's Revenue for the
three
months ended in Mar. 2026 was ₹15,635 Mil. Therefore, BSE's pretax margin for the quarter that ended in Mar. 2026 was 68.02%.
The historical rank and industry rank for BSE's Pretax Margin % or its related term are showing as below:
NSE:BSE'
s Pretax Margin % Range Over the Past 10 Years
Min: 30.07 Med: 49.47 Max: 72.37
Current: 68.24
NSE:BSE's Pretax Margin % is ranked better than 85.92% of 774
companies
in the Capital Markets industry
Industry Median: 20.595
vs NSE:BSE: 68.24
BSE (NSE:BSE) 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.
BSE Pretax Margin % Related Terms
BSE Pretax Margin % Historical Data
* Premium members only.
The historical data trend for BSE'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.
NSE:BSE vs SPGI, CME, MCO: Pretax Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, BSE'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.
BSE Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BSE's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BSE'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.
BSE (NSE:BSE) has a Pretax Margin % of 68.02% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BSE and its competitors. This is 37% above median its historical median of 49.47. Over the past decade, BSE's Pretax Margin % has ranged from 30.07 to 72.37. According to the industry distribution chart, BSE ranks #109 out of 774 companies in the Capital Markets industry, placing it in the top 14.1%.
Is BSE's Pretax Margin % too high?
BSE's current Pretax Margin % of 68.02% is 37% above median its 10-year median of 49.47. Over the past 10 years, this metric has ranged from a low of 30.07 to a high of 72.37. The Capital Markets industry median Pretax Margin % is 20.60. BSE's value of 68.02% is 230.3% above this industry median. Based on the distribution chart, BSE ranks #109 out of 774 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, BSE has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BSE's Pretax Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, BSE ranks #109 out of 774 companies for Pretax Margin %. This places BSE in the top 14% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 20.60. BSE's value of 68.02% is 230.3% above this benchmark. Historically, BSE's own Pretax Margin % has ranged from 30.07 to 72.37 over the past decade. While the company's 10-year median is 49.47 vs. the industry median of 20.60, BSE 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 20.60, 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. BSE's current Pretax Margin % of 68.02% is 230.3% 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 BSE and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSE's current Pretax Margin % is 68.02%, which is 37% above median its own 10-year median of 49.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSE stock overvalued right now?
Based on GuruFocus' analysis, BSE (NSE:BSE) is currently considered Fairly Valued. The stock's GF Value™ is ₹3,894.97, compared to a current price of ₹3,683.40 — trading 5.4% below its estimated fair value. The current Pretax Margin % is 68.02%, which is 37% above median its 10-year median of 49.47 and 230.3% above the Capital Markets industry median of 20.60. BSE's overall GF Score™ is 89/100 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 BSE (NSE:BSE), the current Pretax Margin % is 68.02% 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 BSE (NSE:BSE) Overvalued in 2026?
Based on GuruFocus' analysis, BSE stock appears to be undervalued.
The current stock price of ₹3,683.40 is trading 5.4% below its estimated GF Value™ of ₹3,894.97.
GuruFocus considers BSE to be Fairly Valued.
Key valuation signals for NSE:BSE:
Pretax Margin %: 68.02% (37% above median its 10-year median of 49.47)
GF Value™: ₹3,894.97 vs. price of ₹3,683.40 (5.4% below fair value)
Industry Position: 230.3% above the Capital Markets median (#109 of 774)
No single metric tells the full story. See the NSE:BSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BSE Ltd operates as a stock exchange and is one of the exchange groups in India. The company operates through one segment namely Stock Exchange Operations i.e. Facilitating Trading in Securities and other related ancillary Services, while generating a majority of its revenues through stock exchange activities. It predominantly provides a trading platform for over 5000 companies that are listed on its exchange. The exchange offers various services such as trading in equity, debt instruments, derivatives, and mutual funds. BSE also offers its customers other services such as risk management, market data services, and educational programs. Geographically, the company generates a majority of its revenue from its customers within India.
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