China Merchants Securities Asset Management Co.,Ltd (FRA:195H) Tax Rate %: 19.52% (As of Jun. 2026)

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FRA:195H China Merchants Securities Asset Management Co.,Ltd FRA:195H
60 GF Score
Price €1.55
GF Value €2.79
! 3 Warning Signs
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What is China Merchants Securities Asset Management Co.,Ltd Tax Rate %?

China Merchants Securities Asset Management Co.,Ltd FRA:195H -0.64% 60 Tax Rate % is 19.52% as of Jun. 2026. GuruFocus rates FRA:195H with a GF Score™ of 60/100 and a GF Value™ of €2.79. The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. China Merchants Securities Asset Management Co.,Ltd's Tax Expense for the six months ended in Jun. 2026 was €299 Mil. China Merchants Securities Asset Management Co.,Ltd's Pre-Tax Income for the six months ended in Jun. 2026 was €1,533 Mil. Therefore, China Merchants Securities Asset Management Co.,Ltd's Tax Rate % for the quarter that ended in Jun. 2026 was 19.52%.

China Merchants Securities Asset Management Co.,Ltd Tax Rate % Related Terms

China Merchants Securities Asset Management Co.,Ltd Tax Rate % Historical Data

* Premium members only.

The historical data trend for China Merchants Securities Asset Management Co.,Ltd's Tax Rate % 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.

China Merchants Securities Asset Management Co.,Ltd Tax Rate % Chart

China Merchants Securities Asset Management Co.,Ltd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.90 6.62 6.79 8.52 13.86

China Merchants Securities Asset Management Co.,Ltd Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.18 11.07 10.00 16.33 19.52
FRA:195H
60GF Score
China Merchants Securities Asset Management Co.,Ltd FRA:195H
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Merchants Securities Asset Management Co.,Ltd Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

China Merchants Securities Asset Management Co.,Ltd's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=216.71894716961/1564.0363247365
=13.86 %

China Merchants Securities Asset Management Co.,Ltd's Tax Rate % for the quarter that ended in Jun. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2026 )/Pre-Tax Income (Q: Jun. 2026 )
=299.26238390721/1533.4971893221
=19.52 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 19.52% mean?
China Merchants Securities Asset Management Co.,Ltd (FRA:195H) has a Tax Rate % of 19.52% as of Jun. 2026.
Is China Merchants Securities Asset Management Co.,Ltd's Tax Rate % too high?
China Merchants Securities Asset Management Co.,Ltd's current Tax Rate % is 19.52%. Overall, China Merchants Securities Asset Management Co.,Ltd has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does China Merchants Securities Asset Management Co.,Ltd's Tax Rate % compare to MS and GS?
China Merchants Securities Asset Management Co.,Ltd's Tax Rate % of 19.52% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Capital Markets company?
A good Tax Rate % depends on the Capital Markets industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. China Merchants Securities Asset Management Co.,Ltd's current Tax Rate % is 19.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Securities Asset Management Co.,Ltd stock overvalued right now?
China Merchants Securities Asset Management Co.,Ltd (FRA:195H) has a current Tax Rate % of 19.52%. The stock's GF Value™ is €2.79, compared to a current price of €1.55 — trading 44.4% below its estimated fair value. The current Tax Rate % is 19.52%. China Merchants Securities Asset Management Co.,Ltd's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For China Merchants Securities Asset Management Co.,Ltd (FRA:195H), the current Tax Rate % is 19.52% as of Jun. 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 China Merchants Securities Asset Management Co.,Ltd (FRA:195H) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Securities Asset Management Co.,Ltd stock appears to be undervalued. The current stock price of €1.55 is trading 44.4% below its estimated GF Value™ of €2.79.

Key valuation signals for FRA:195H:

  • Tax Rate %: 19.52%
  • GF Value™: €2.79 vs. price of €1.55 (44.4% below fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the FRA:195H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Merchants Securities Asset Management Co.,Ltd Business Description

Address No. 111, Fuhua Yi Road, Futian Street, Futian District, Guangdong Province, Shenzhen, CHN, 518046
China Merchants Securities Asset Management Co.,Ltd is a financial service provider. The company provides services like investment banking, financial advisory, equity underwriting, asset management, investment advisory, and trading equity securities, among others. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business segment, which generates key revenue, engages in the trading of stocks and futures contracts on behalf of clients and includes margin financing, securities lending, and selling financial and other wealth management products.
60GF Score

Get the complete analysis for FRA:195H

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.55
Price
€2.79
GF Value