MGCLY (Midea Group Co) Tax Rate %: 15.09% (As of Mar. 2026)

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MGCLY Midea Group Co Ltd MGCLY
74 GF Score
Price $12.20
GF Value $10.74
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Midea Group Co Tax Rate %?

Midea Group Co MGCLY -1.45% 74 Tax Rate % is 15.09% as of Mar. 2026. GuruFocus rates MGCLY with a GF Score™ of 74/100 and a GF Value™ of $10.74 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Midea Group Co's Tax Expense for the three months ended in Mar. 2026 was $331 Mil. Midea Group Co's Pre-Tax Income for the three months ended in Mar. 2026 was $2,197 Mil. Therefore, Midea Group Co's Tax Rate % for the quarter that ended in Mar. 2026 was 15.09%.

Midea Group Co Tax Rate % Related Terms

Midea Group Co Tax Rate % Historical Data

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The historical data trend for Midea Group Co'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.

Midea Group Co Tax Rate % Chart

Midea Group Co 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 13.95 14.72 16.22 16.99 16.13

Midea Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 15.78 14.23 17.40 18.60 15.09
MGCLY
74GF Score
Midea Group Co Ltd MGCLY
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Midea Group Co Tax Rate % Calculation

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

Midea Group Co'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 )
=1216.087/7537.106
=16.13 %

Midea Group Co's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=331.475/2197.309
=15.09 %

* 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 15.09% mean?
Midea Group Co (MGCLY) has a Tax Rate % of 15.09% as of Mar. 2026.
Is Midea Group Co's Tax Rate % too high?
Midea Group Co's current Tax Rate % is 15.09%. Overall, Midea Group Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midea Group Co's Tax Rate % compare to SN and SGI?
Midea Group Co's Tax Rate % of 15.09% can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Tax Rate % depends on the Furnishings, Fixtures & Appliances 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. Midea Group Co's current Tax Rate % is 15.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midea Group Co stock overvalued right now?
Based on GuruFocus' analysis, Midea Group Co (MGCLY) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.74, compared to a current price of $12.20 — trading 13.6% above its estimated fair value. The current Tax Rate % is 15.09%. Midea Group Co's overall GF Score™ is 74/100 with 6 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 Midea Group Co (MGCLY), the current Tax Rate % is 15.09% as of Mar. 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 Midea Group Co (MGCLY) Overvalued in 2026?

Based on GuruFocus' analysis, Midea Group Co stock appears to be overvalued. The current stock price of $12.20 is trading 13.6% above its estimated GF Value™ of $10.74. GuruFocus considers Midea Group Co to be Modestly Overvalued.

Key valuation signals for MGCLY:

  • Tax Rate %: 15.09%
  • GF Value™: $10.74 vs. price of $12.20 (13.6% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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

Midea Group Co Business Description

Address No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Guangdong Province, Shunde District, Foshan, CHN, 528311
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside of China.
74GF Score

Get the complete analysis for MGCLY

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

$12.20
Price
$10.74
GF Value