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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Pengana Capital Group does not have enough data to calculate Degree of Operating Leverage.
Pengana Capital Group (ASX:PCG) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Pengana Capital Group Degree of Operating Leverage Related Terms
Pengana Capital Group Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Pengana Capital Group's Degree of Operating Leverage 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.
Pengana Capital Group Degree of Operating Leverage Chart
Pengana Capital Group Annual Data
Trend
Jun25
Degree of Operating Leverage
1.90
Pengana Capital Group Semi-Annual Data
Dec24
Jun25
Dec25
Degree of Operating Leverage
0.64
1.90
0.92
ASX:PCG vs BLK, BX, KKR: Degree of Operating Leverage Comparison
For the Asset Management subindustry, Pengana Capital Group's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pengana Capital Group Degree of Operating Leverage vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Pengana Capital Group's Degree of Operating Leverage falls into.
* 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 0.92 mean?
Pengana Capital Group (ASX:PCG) has a Degree of Operating Leverage of 0.92 as of Dec. 1999. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Pengana Capital Group and its competitors. According to the industry distribution chart, Pengana Capital Group ranks #352 out of 636 companies in the Asset Management industry, placing it in the top 55.3%.
Is Pengana Capital Group's Degree of Operating Leverage too high?
Pengana Capital Group's current Degree of Operating Leverage is 0.92. The Asset Management industry median Degree of Operating Leverage is 0.58. Pengana Capital Group's value of 0.92 is 58.6% above this industry median. Based on the distribution chart, Pengana Capital Group ranks #352 out of 636 companies in the Asset Management industry, which is below the industry midpoint. Overall, Pengana Capital Group has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's Degree of Operating Leverage compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #352 out of 636 companies for Degree of Operating Leverage. This places Pengana Capital Group in the lower half of its industry. The industry median Degree of Operating Leverage is 0.58. Pengana Capital Group's value of 0.92 is 58.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for an Asset Management company?
The median Degree of Operating Leverage among Asset Management companies is 0.58, based on 636 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pengana Capital Group's current Degree of Operating Leverage of 0.92 is 58.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Pengana Capital Group and its competitors. For the Asset Management industry, the median Degree of Operating Leverage is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pengana Capital Group's current Degree of Operating Leverage is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.34, compared to a current price of A$0.69 — trading 101.5% above its estimated fair value. The current Degree of Operating Leverage is 0.92 and 58.6% above the Asset Management industry median of 0.58. Pengana Capital Group's overall GF Score™ is 37/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Pengana Capital Group (ASX:PCG), the current Degree of Operating Leverage is 0.92 as of Dec. 1999. 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 Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.69 is trading 101.5% above its estimated GF Value™ of A$0.34.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
Degree of Operating Leverage: 0.92
GF Value™: A$0.34 vs. price of A$0.69 (101.5% above fair value)
Industry Position: 58.6% above the Asset Management median (#352 of 636)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
37GF Score
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