Futures Capital ADXBUL:FCAD 50 Pretax Margin % is 6.48% as of Dec. 2025, which is 67% below its 10-year median of 19.76. GuruFocus rates XBUL:FCAD with a GF Score™ of 50/100 and a GF Value™ of €15.41 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,571 Asset Management companies, Futures Capital AD ranks worse than 81.92% on this metric.
The historical rank and industry rank for Futures Capital AD's Pretax Margin % or its related term are showing as below:
XBUL:FCAD'
s Pretax Margin % Range Over the Past 10 Years
Min: -600 Med: 19.76 Max: 91.17
Current: 5.12
XBUL:FCAD's Pretax Margin % is ranked worse than 81.92% of 1571
companies
in the Asset Management industry
Industry Median: 89.85
vs XBUL:FCAD: 5.12
Futures Capital AD (XBUL:FCAD) 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.
Futures Capital AD Pretax Margin % Related Terms
Futures Capital AD Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Futures Capital AD'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.
XBUL:FCAD vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Futures Capital AD'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.
Futures Capital AD Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Futures Capital AD's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Futures Capital AD'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.
Futures Capital AD (XBUL:FCAD) has a Pretax Margin % of 6.48% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Futures Capital AD and its competitors. This is 67% below median its historical median of 19.76. According to the industry distribution chart, Futures Capital AD ranks #1287 out of 1571 companies in the Asset Management industry, placing it in the top 81.9%.
Is Futures Capital AD's Pretax Margin % too high?
Futures Capital AD's current Pretax Margin % of 6.48% is 67% below median its 10-year median of 19.76. The Asset Management industry median Pretax Margin % is 89.85. Futures Capital AD's value of 6.48% is 92.8% below this industry median. Based on the distribution chart, Futures Capital AD ranks #1287 out of 1571 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Futures Capital AD has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Futures Capital AD's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Futures Capital AD ranks #1287 out of 1571 companies for Pretax Margin %. This places Futures Capital AD in the lower half of its industry. The industry median Pretax Margin % is 89.85. Futures Capital AD's value of 6.48% is 92.8% below this benchmark. While the company's 10-year median is 19.76 vs. the industry median of 89.85, Futures Capital AD 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 an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.85, based on 1,571 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. Futures Capital AD's current Pretax Margin % of 6.48% is 92.8% 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 Futures Capital AD and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Futures Capital AD's current Pretax Margin % is 6.48%, which is 67% below median its own 10-year median of 19.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futures Capital AD stock overvalued right now?
Based on GuruFocus' analysis, Futures Capital AD (XBUL:FCAD) is currently considered Fairly Valued. The stock's GF Value™ is €15.41, compared to a current price of €16.80 — trading 9% above its estimated fair value. The current Pretax Margin % is 6.48%, which is 67% below median its 10-year median of 19.76 and 92.8% below the Asset Management industry median of 89.85. Futures Capital AD's overall GF Score™ is 50/100 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 Futures Capital AD (XBUL:FCAD), the current Pretax Margin % is 6.48% 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 Futures Capital AD (XBUL:FCAD) Overvalued in 2026?
Based on GuruFocus' analysis, Futures Capital AD stock appears to be overvalued.
The current stock price of €16.80 is trading 9% above its estimated GF Value™ of €15.41.
GuruFocus considers Futures Capital AD to be Fairly Valued.
Key valuation signals for XBUL:FCAD:
Pretax Margin %: 6.48% (67% below median its 10-year median of 19.76)
GF Value™: €15.41 vs. price of €16.80 (9% above fair value)
Industry Position: 92.8% below the Asset Management median (#1287 of 1571)
No single metric tells the full story. See the XBUL:FCAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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