Capital SecuritiesTPE:6005 -1.57%75 Pretax Margin % is 24.85% as of Dec. 2025, which is 33% below its 10-year median of 37.04. GuruFocus rates TPE:6005 with a GF Score™ of 75/100 and a GF Value™ of NT$31.86 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 777 Capital Markets companies, Capital Securities ranks better than 65.12% on this metric.
The historical rank and industry rank for Capital Securities's Pretax Margin % or its related term are showing as below:
TPE:6005'
s Pretax Margin % Range Over the Past 10 Years
Min: 23.58 Med: 37.04 Max: 46.24
Current: 34.24
TPE:6005's Pretax Margin % is ranked better than 65.12% of 777
companies
in the Capital Markets industry
Industry Median: 20.36
vs TPE:6005: 34.24
Capital Securities (TPE:6005) 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.
Capital Securities Pretax Margin % Related Terms
Capital Securities Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Capital Securities'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.
TPE:6005 vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Capital Securities'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.
Capital Securities Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Capital Securities'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.
Capital Securities (TPE:6005) has a Pretax Margin % of 24.85% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Capital Securities and its competitors. This is 33% below median its historical median of 37.04. Over the past decade, Capital Securities' Pretax Margin % has ranged from 23.58 to 46.24. According to the industry distribution chart, Capital Securities ranks #271 out of 777 companies in the Capital Markets industry, placing it in the top 34.9%.
Is Capital Securities' Pretax Margin % too high?
Capital Securities' current Pretax Margin % of 24.85% is 33% below median its 10-year median of 37.04. Over the past 10 years, this metric has ranged from a low of 23.58 to a high of 46.24. The Capital Markets industry median Pretax Margin % is 20.36. Capital Securities' value of 24.85% is 22.1% above this industry median. Based on the distribution chart, Capital Securities ranks #271 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Capital Securities has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Securities ranks #271 out of 777 companies for Pretax Margin %. This puts Capital Securities in the upper half of its industry. The industry median Pretax Margin % is 20.36. Capital Securities' value of 24.85% is 22.1% above this benchmark. Historically, Capital Securities' own Pretax Margin % has ranged from 23.58 to 46.24 over the past decade. While the company's 10-year median is 37.04 vs. the industry median of 20.36, Capital Securities 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 20.36, 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. Capital Securities's current Pretax Margin % of 24.85% is 22.1% 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 Capital Securities 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. Capital Securities's current Pretax Margin % is 24.85%, which is 33% below median its own 10-year median of 37.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$31.86, compared to a current price of NT$37.65 — trading 18.2% above its estimated fair value. The current Pretax Margin % is 24.85%, which is 33% below median its 10-year median of 37.04 and 22.1% above the Capital Markets industry median of 20.36. Capital Securities' overall GF Score™ is 75/100 with 8 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 Capital Securities (TPE:6005), the current Pretax Margin % is 24.85% as of Dec. 2025. 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued.
The current stock price of NT$37.65 is trading 18.2% above its estimated GF Value™ of NT$31.86.
GuruFocus considers Capital Securities to be Modestly Overvalued.
Key valuation signals for TPE:6005:
Pretax Margin %: 24.85% (33% below median its 10-year median of 37.04)
GF Value™: NT$31.86 vs. price of NT$37.65 (18.2% above fair value)
Industry Position: 22.1% above the Capital Markets median (#271 of 777)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
75GF Score
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