Flatexdegiro SEXSWX:FTK 85 Pretax Margin % is 39.57% as of Dec. 2025, which is 36% above its 10-year median of 29.06. GuruFocus rates XSWX:FTK with a GF Score™ of 85/100 and a GF Value™ of CHF18.70. The stock has 2 warning signs investors should review. Among 777 Capital Markets companies, Flatexdegiro SE ranks better than 69.76% on this metric.
The historical rank and industry rank for Flatexdegiro SE's Pretax Margin % or its related term are showing as below:
XSWX:FTK'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.65 Med: 29.06 Max: 42.85
Current: 40.75
XSWX:FTK's Pretax Margin % is ranked better than 69.76% of 777
companies
in the Capital Markets industry
Industry Median: 20.36
vs XSWX:FTK: 40.75
Flatexdegiro SE (XSWX:FTK) 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.
Flatexdegiro SE Pretax Margin % Related Terms
Flatexdegiro SE Pretax Margin % Historical Data
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The historical data trend for Flatexdegiro SE'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.
XSWX:FTK vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Flatexdegiro SE'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.
Flatexdegiro SE Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Flatexdegiro SE's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Flatexdegiro SE'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.
Flatexdegiro SE (XSWX:FTK) has a Pretax Margin % of 39.57% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Flatexdegiro SE and its competitors. This is 36% above median its historical median of 29.06. Over the past decade, Flatexdegiro SE's Pretax Margin % has ranged from 18.65 to 42.85. According to the industry distribution chart, Flatexdegiro SE ranks #235 out of 777 companies in the Capital Markets industry, placing it in the top 30.2%.
Is Flatexdegiro SE's Pretax Margin % too high?
Flatexdegiro SE's current Pretax Margin % of 39.57% is 36% above median its 10-year median of 29.06. Over the past 10 years, this metric has ranged from a low of 18.65 to a high of 42.85. The Capital Markets industry median Pretax Margin % is 20.36. Flatexdegiro SE's value of 39.57% is 94.4% above this industry median. Based on the distribution chart, Flatexdegiro SE ranks #235 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Flatexdegiro SE has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Flatexdegiro SE's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Flatexdegiro SE ranks #235 out of 777 companies for Pretax Margin %. This puts Flatexdegiro SE in the upper half of its industry. The industry median Pretax Margin % is 20.36. Flatexdegiro SE's value of 39.57% is 94.4% above this benchmark. Historically, Flatexdegiro SE's own Pretax Margin % has ranged from 18.65 to 42.85 over the past decade. While the company's 10-year median is 29.06 vs. the industry median of 20.36, Flatexdegiro SE 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. Flatexdegiro SE's current Pretax Margin % of 39.57% is 94.4% 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 Flatexdegiro SE 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. Flatexdegiro SE's current Pretax Margin % is 39.57%, which is 36% above median its own 10-year median of 29.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flatexdegiro SE stock overvalued right now?
Flatexdegiro SE (XSWX:FTK) has a current Pretax Margin % of 39.57%. The stock's GF Value™ is CHF18.70, compared to a current price of CHF33.98 — trading 81.7% above its estimated fair value. The current Pretax Margin % is 39.57%, which is 36% above median its 10-year median of 29.06 and 94.4% above the Capital Markets industry median of 20.36. Flatexdegiro SE's overall GF Score™ is 85/100 with 2 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 Flatexdegiro SE (XSWX:FTK), the current Pretax Margin % is 39.57% 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 Flatexdegiro SE (XSWX:FTK) Overvalued in 2026?
Based on GuruFocus' analysis, Flatexdegiro SE stock appears to be overvalued.
The current stock price of CHF33.98 is trading 81.7% above its estimated GF Value™ of CHF18.70.
Key valuation signals for XSWX:FTK:
Pretax Margin %: 39.57% (36% above median its 10-year median of 29.06)
GF Value™: CHF18.70 vs. price of CHF33.98 (81.7% above fair value)
Industry Position: 94.4% above the Capital Markets median (#235 of 777)
No single metric tells the full story. See the XSWX:FTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flatexdegiro SE is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than a million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are flatex and Degiro. It derives maximum revenue from Degiro segment.
85GF Score
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