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Zhongtai Securities CoSHSE:600918 -2.65%62 Pretax Margin % is 23.77% as of Mar. 2026, which is 5% below its 10-year median of 24.98. GuruFocus rates SHSE:600918 with a GF Score™ of 62/100 and a GF Value™ of ¥6.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 776 Capital Markets companies, Zhongtai Securities Co ranks better than 50.9% on this metric.
The historical rank and industry rank for Zhongtai Securities Co's Pretax Margin % or its related term are showing as below:
SHSE:600918'
s Pretax Margin % Range Over the Past 10 Years
Min: 8.53 Med: 24.98 Max: 38.26
Current: 21.72
SHSE:600918's Pretax Margin % is ranked better than 50.9% of 776
companies
in the Capital Markets industry
Industry Median: 20.795
vs SHSE:600918: 21.72
Zhongtai Securities Co (SHSE:600918) 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.
Zhongtai Securities Co Pretax Margin % Related Terms
Zhongtai Securities Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Zhongtai Securities Co'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.
SHSE:600918 vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Zhongtai Securities Co'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.
Zhongtai Securities Co Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zhongtai Securities Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Zhongtai Securities Co'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.
Zhongtai Securities Co (SHSE:600918) has a Pretax Margin % of 23.77% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Zhongtai Securities Co and its competitors. This is near median its historical median of 24.98. Over the past decade, Zhongtai Securities Co's Pretax Margin % has ranged from 8.53 to 38.26. According to the industry distribution chart, Zhongtai Securities Co ranks #381 out of 776 companies in the Capital Markets industry, placing it in the top 49.1%.
Is Zhongtai Securities Co's Pretax Margin % too high?
Zhongtai Securities Co's current Pretax Margin % of 23.77% is near median its 10-year median of 24.98. Over the past 10 years, this metric has ranged from a low of 8.53 to a high of 38.26. The Capital Markets industry median Pretax Margin % is 20.80. Zhongtai Securities Co's value of 23.77% is 14.3% above this industry median. Based on the distribution chart, Zhongtai Securities Co ranks #381 out of 776 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Zhongtai Securities Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhongtai Securities Co's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Zhongtai Securities Co ranks #381 out of 776 companies for Pretax Margin %. This puts Zhongtai Securities Co in the upper half of its industry. The industry median Pretax Margin % is 20.80. Zhongtai Securities Co's value of 23.77% is 14.3% above this benchmark. Historically, Zhongtai Securities Co's own Pretax Margin % has ranged from 8.53 to 38.26 over the past decade. While the company's 10-year median is 24.98 vs. the industry median of 20.80, Zhongtai Securities Co 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 20.80, based on 776 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. Zhongtai Securities Co's current Pretax Margin % of 23.77% is 14.3% 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 Zhongtai Securities Co and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongtai Securities Co's current Pretax Margin % is 23.77%, which is near median its own 10-year median of 24.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongtai Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Zhongtai Securities Co (SHSE:600918) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.87, compared to a current price of ¥5.51 — trading 19.8% below its estimated fair value. The current Pretax Margin % is 23.77%, which is near median its 10-year median of 24.98 and 14.3% above the Capital Markets industry median of 20.80. Zhongtai Securities Co's overall GF Score™ is 62/100 with 3 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 Zhongtai Securities Co (SHSE:600918), the current Pretax Margin % is 23.77% 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 Zhongtai Securities Co (SHSE:600918) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongtai Securities Co stock appears to be undervalued.
The current stock price of ¥5.51 is trading 19.8% below its estimated GF Value™ of ¥6.87.
GuruFocus considers Zhongtai Securities Co to be Modestly Undervalued.
Key valuation signals for SHSE:600918:
Pretax Margin %: 23.77% (near median its 10-year median of 24.98)
GF Value™: ¥6.87 vs. price of ¥5.51 (19.8% below fair value)
Industry Position: 14.3% above the Capital Markets median (#381 of 776)
No single metric tells the full story. See the SHSE:600918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongtai Securities Co Ltd is a China-based company mainly engaged in wealth management business. The company operates through eight segments: Asset management business segment, Credit business segment, Futures business segment, International business segment, Investment banking segment, Investment business segment, Wealth management business segment, and Others. It generates the majority of its revenue from the Wealth management business segment. The wealth management business mainly provides securities brokerage services, investment advisory services, product allocation services, and comprehensive financial services.
62GF Score
Get the complete analysis for SHSE:600918
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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