The historical rank and industry rank for Multi Commodity Exchange of India's Pretax Margin % or its related term are showing as below:
NSE:MCX'
s Pretax Margin % Range Over the Past 10 Years
Min: 17.48 Med: 59.9 Max: 76.56
Current: 73.43
NSE:MCX's Pretax Margin % is ranked better than 88.29% of 777
companies
in the Capital Markets industry
Industry Median: 20.51
vs NSE:MCX: 73.43
Multi Commodity Exchange of India (NSE:MCX) 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.
Multi Commodity Exchange of India Pretax Margin % Related Terms
Multi Commodity Exchange of India Pretax Margin % Historical Data
* 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.
Multi Commodity Exchange of India Pretax Margin % Chart
NSE:MCX vs SPGI, CME, MCO: Pretax Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Multi Commodity Exchange of India'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.
Multi Commodity Exchange of India Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Multi Commodity Exchange of India's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Multi Commodity Exchange of India'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.
Multi Commodity Exchange of India (NSE:MCX) has a Pretax Margin % of 76.70% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Multi Commodity Exchange of India and its competitors. This is 28% above median its historical median of 59.90. Over the past decade, Multi Commodity Exchange of India's Pretax Margin % has ranged from 17.48 to 76.56. According to the industry distribution chart, Multi Commodity Exchange of India ranks #91 out of 777 companies in the Capital Markets industry, placing it in the top 11.7%.
Is Multi Commodity Exchange of India's Pretax Margin % too high?
Multi Commodity Exchange of India's current Pretax Margin % of 76.70% is 28% above median its 10-year median of 59.90. Over the past 10 years, this metric has ranged from a low of 17.48 to a high of 76.56. The Capital Markets industry median Pretax Margin % is 20.51. Multi Commodity Exchange of India's value of 76.70% is 274% above this industry median. Based on the distribution chart, Multi Commodity Exchange of India ranks #91 out of 777 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Multi Commodity Exchange of India has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Multi Commodity Exchange of India's Pretax Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Multi Commodity Exchange of India ranks #91 out of 777 companies for Pretax Margin %. This places Multi Commodity Exchange of India in the top 12% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 20.51. Multi Commodity Exchange of India's value of 76.70% is 274% above this benchmark. Historically, Multi Commodity Exchange of India's own Pretax Margin % has ranged from 17.48 to 76.56 over the past decade. While the company's 10-year median is 59.90 vs. the industry median of 20.51, Multi Commodity Exchange of India 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 20.51, 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. Multi Commodity Exchange of India's current Pretax Margin % of 76.70% is 274% 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 Multi Commodity Exchange of India and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multi Commodity Exchange of India's current Pretax Margin % is 76.70%, which is 28% above median its own 10-year median of 59.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multi Commodity Exchange of India stock overvalued right now?
Based on GuruFocus' analysis, Multi Commodity Exchange of India (NSE:MCX) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,298.86, compared to a current price of ₹2,923.20 — trading 11.4% below its estimated fair value. The current Pretax Margin % is 76.70%, which is 28% above median its 10-year median of 59.90 and 274% above the Capital Markets industry median of 20.51. Multi Commodity Exchange of India's overall GF Score™ is 95/100. 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 Multi Commodity Exchange of India (NSE:MCX), the current Pretax Margin % is 76.70% 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 Multi Commodity Exchange of India (NSE:MCX) Overvalued in 2026?
Based on GuruFocus' analysis, Multi Commodity Exchange of India stock appears to be undervalued.
The current stock price of ₹2,923.20 is trading 11.4% below its estimated GF Value™ of ₹3,298.86.
GuruFocus considers Multi Commodity Exchange of India to be Modestly Undervalued.
Key valuation signals for NSE:MCX:
Pretax Margin %: 76.70% (28% above median its 10-year median of 59.90)
GF Value™: ₹3,298.86 vs. price of ₹2,923.20 (11.4% below fair value)
Industry Position: 274% above the Capital Markets median (#91 of 777)
No single metric tells the full story. See the NSE:MCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Multi Commodity Exchange of India Business Description
Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments and other miscellaneous income.
95GF Score
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