Singapore Exchange (FRA:SOU) Tax Rate %: 18.34% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:SOU Singapore Exchange Ltd FRA:SOU
88 GF Score
Price €16.40
GF Value €8.77
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Singapore Exchange Tax Rate %?

Singapore Exchange FRA:SOU +5.13% 88 Tax Rate % is 18.34% as of Dec. 2025. GuruFocus rates FRA:SOU with a GF Score™ of 88/100 and a GF Value™ of €8.77 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Singapore Exchange's Tax Expense for the six months ended in Dec. 2025 was €50.9 Mil. Singapore Exchange's Pre-Tax Income for the six months ended in Dec. 2025 was €277.7 Mil. Therefore, Singapore Exchange's Tax Rate % for the quarter that ended in Dec. 2025 was 18.34%.

Singapore Exchange Tax Rate % Related Terms

Singapore Exchange Tax Rate % Historical Data

* Premium members only.

The historical data trend for Singapore Exchange'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.

Singapore Exchange Tax Rate % Chart

Singapore Exchange Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.91 17.02 15.32 15.72 17.53

Singapore Exchange Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 16.52 14.99 17.95 17.06 18.34
FRA:SOU
88GF Score
Singapore Exchange Ltd FRA:SOU
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singapore Exchange Tax Rate % Calculation

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

Singapore Exchange's Tax Rate % for the fiscal year that ended in Jun. 2025 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2025 )/Pre-Tax Income (A: Jun. 2025 )
=93.132/531.281
=17.53 %

Singapore Exchange's Tax Rate % for the quarter that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2025 )/Pre-Tax Income (Q: Dec. 2025 )
=50.917/277.679
=18.34 %

* 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 18.34% mean?
Singapore Exchange (FRA:SOU) has a Tax Rate % of 18.34% as of Dec. 2025.
Is Singapore Exchange's Tax Rate % too high?
Singapore Exchange's current Tax Rate % is 18.34%. Overall, Singapore Exchange has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Exchange's Tax Rate % compare to SPGI and CME?
Singapore Exchange's Tax Rate % of 18.34% 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. Singapore Exchange's current Tax Rate % is 18.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Exchange stock overvalued right now?
Based on GuruFocus' analysis, Singapore Exchange (FRA:SOU) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.77, compared to a current price of €16.40 — trading 87% above its estimated fair value. The current Tax Rate % is 18.34%. Singapore Exchange's overall GF Score™ is 88/100 with 5 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 Singapore Exchange (FRA:SOU), the current Tax Rate % is 18.34% 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 Singapore Exchange (FRA:SOU) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Exchange stock appears to be overvalued. The current stock price of €16.40 is trading 87% above its estimated GF Value™ of €8.77. GuruFocus considers Singapore Exchange to be Significantly Overvalued.

Key valuation signals for FRA:SOU:

  • Tax Rate %: 18.34%
  • GF Value™: €8.77 vs. price of €16.40 (87% above fair value)
  • GF Score™: 88/100 with 5 warning signs

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

Singapore Exchange Business Description

Address 2 Shenton Way, No. 02-02, SGX Centre 1, Singapore, SGP, 068804
Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures.
88GF Score

Get the complete analysis for FRA:SOU

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

€16.40
Price
€8.77
GF Value