Makedonski Telekom AD (XMAE:TEL) Tax Rate %: 11.45% (As of Jun. 2026)

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.

XMAE:TEL Makedonski Telekom AD XMAE:TEL
89 GF Score
Price MKD500.00
GF Value MKD449.11
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Makedonski Telekom AD Tax Rate %?

Makedonski Telekom AD XMAE:TEL 89 Tax Rate % is 11.45% as of Jun. 2026. GuruFocus rates XMAE:TEL with a GF Score™ of 89/100 and a GF Value™ of MKD449.11 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Makedonski Telekom AD's Tax Expense for the six months ended in Jun. 2026 was MKD159 Mil. Makedonski Telekom AD's Pre-Tax Income for the six months ended in Jun. 2026 was MKD1,389 Mil. Therefore, Makedonski Telekom AD's Tax Rate % for the quarter that ended in Jun. 2026 was 11.45%.


Makedonski Telekom AD Tax Rate % Related Terms


Makedonski Telekom AD Tax Rate % Historical Data

* Premium members only.

The historical data trend for Makedonski Telekom AD'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.

Makedonski Telekom AD Tax Rate % Chart

Makedonski Telekom AD 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 9.77 12.12 11.57 12.28 12.99

Makedonski Telekom AD Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 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 12.04 12.48 11.72 14.01 11.45
XMAE:TEL
89GF Score
Makedonski Telekom AD XMAE:TEL
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Makedonski Telekom AD Tax Rate % Calculation

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

Makedonski Telekom AD'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 )
=372.577/2867.509
=12.99 %

Makedonski Telekom AD'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 )
=159.025/1388.83
=11.45 %

* 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 11.45% mean?
Makedonski Telekom AD (XMAE:TEL) has a Tax Rate % of 11.45% as of Jun. 2026.
Is Makedonski Telekom AD's Tax Rate % too high?
Makedonski Telekom AD's current Tax Rate % is 11.45%. Overall, Makedonski Telekom AD has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Makedonski Telekom AD's Tax Rate % compare to VZ and TMUS?
Makedonski Telekom AD's Tax Rate % of 11.45% can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Tax Rate % depends on the Telecommunication Services 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. Makedonski Telekom AD's current Tax Rate % is 11.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makedonski Telekom AD stock overvalued right now?
Based on GuruFocus' analysis, Makedonski Telekom AD (XMAE:TEL) is currently considered Modestly Overvalued. The stock's GF Value™ is MKD449.11, compared to a current price of MKD500.00 — trading 11.3% above its estimated fair value. The current Tax Rate % is 11.45%. Makedonski Telekom AD's overall GF Score™ is 89/100 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 Makedonski Telekom AD (XMAE:TEL), the current Tax Rate % is 11.45% 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 Makedonski Telekom AD (XMAE:TEL) Overvalued in 2026?

Based on GuruFocus' analysis, Makedonski Telekom AD stock appears to be overvalued. The current stock price of MKD500.00 is trading 11.3% above its estimated GF Value™ of MKD449.11. GuruFocus considers Makedonski Telekom AD to be Modestly Overvalued.

Key valuation signals for XMAE:TEL:

  • Tax Rate %: 11.45%
  • GF Value™: MKD449.11 vs. price of MKD500.00 (11.3% above fair value)
  • GF Score™: 89/100 with 6 warning signs

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


Makedonski Telekom AD Business Description

Address Kej 13 Noemvri No. 6, Skopje, MKD, 1000
Makedonski Telekom AD offers telecommunications services. Its services include telephone services, internet access services including broadband internet and entertainment IPTV products. The company offers a portfolio for residential and business customers, provided from a single source and focuses on Cloud and ICT solutions in order to provide the best customer experience.
89GF Score

Get the complete analysis for XMAE:TEL

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

MKD500.00
Price
MKD449.11
GF Value