MonexB de SV (MEX:MONEXB) Tax Rate %: 27.88% (As of Sep. 2023)


MEX:MONEXB Monex SAB de SV MEX:MONEXB
8 GF Score
Price MXN20.00
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What is MonexB de SV Tax Rate %?

MonexB de SV MEX:MONEXB 8 Tax Rate % is 27.88% as of Sep. 2023. GuruFocus rates MEX:MONEXB with a GF Score™ of 8/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MonexB de SV's Tax Expense for the three months ended in Sep. 2023 was MXN408 Mil. MonexB de SV's Pre-Tax Income for the three months ended in Sep. 2023 was MXN1,464 Mil. Therefore, MonexB de SV's Tax Rate % for the quarter that ended in Sep. 2023 was 27.88%.

MonexB de SV Tax Rate % Related Terms

MonexB de SV Tax Rate % Historical Data

* Premium members only.

The historical data trend for MonexB de SV'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.

MonexB de SV Tax Rate % Chart

MonexB de SV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.79 27.78 30.03 23.99 25.43

MonexB de SV Quarterly Data
Jun18 Sep18 Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 23.34 29.61 26.49 30.56 27.88
MEX:MONEXB
8GF Score
Monex SAB de SV MEX:MONEXB
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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MonexB de SV Tax Rate % Calculation

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

MonexB de SV's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=992/3901
=25.43 %

MonexB de SV's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2023 )/Pre-Tax Income (Q: Sep. 2023 )
=408.183/1463.828
=27.88 %

* 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 27.88% mean?
MonexB de SV (MEX:MONEXB) has a Tax Rate % of 27.88% as of Sep. 2023.
Is MonexB de SV's Tax Rate % too high?
MonexB de SV's current Tax Rate % is 27.88%. Overall, MonexB de SV has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does MonexB de SV's Tax Rate % compare to MS and SCHW?
MonexB de SV's Tax Rate % of 27.88% 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. MonexB de SV's current Tax Rate % is 27.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MonexB de SV stock overvalued right now?
MonexB de SV (MEX:MONEXB) has a current Tax Rate % of 27.88%. The current Tax Rate % is 27.88%. MonexB de SV's overall GF Score™ is 8/100. 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 MonexB de SV (MEX:MONEXB), the current Tax Rate % is 27.88% as of Sep. 2023. 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.

MonexB de SV Business Description

Address Paseo de la Reforma No. 284, 15th Floor, Colonia Juarez, Mexico, DF, MEX, 06600
Monex SAB de SV is a financial services company. The company through its subsidiaries provides foreign exchange, investment banking, risk management products, letters of credit, and payment services to corporate clients.
8GF Score

Get the complete analysis for MEX:MONEXB

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

MXN20.00
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