Ninety OneFRA:L91 -1.71%74 EBITDA Margin % is 29.16% as of Mar. 2026, which is 3% below its 10-year median of 29.91. GuruFocus rates FRA:L91 with a GF Score™ of 74/100 and a GF Value™ of €2.10. The stock has 7 warning signs investors should review. Among 668 Asset Management companies, Ninety One ranks better than 50% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Ninety One's EBITDA for the
six
months ended in Mar. 2026 was €136.7 Mil. Ninety One's Revenue for the
six
months ended in Mar. 2026 was €468.7 Mil. Therefore, Ninety One's EBITDA margin for the quarter that ended in Mar. 2026 was 29.16%.
Ninety One (FRA:L91) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Ninety One EBITDA Margin % Related Terms
Ninety One EBITDA Margin % Historical Data
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The historical data trend for Ninety One's EBITDA Margin % 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.
FRA:L91 vs BLK, BX, KKR: EBITDA Margin % Comparison
For the Asset Management subindustry, Ninety One's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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.
Ninety One EBITDA Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ninety One's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Ninety One's EBITDA Margin % 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.
Ninety One (FRA:L91) has a EBITDA Margin % of 29.16% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Ninety One and its competitors. This is near median its historical median of 29.91. Over the past decade, Ninety One's EBITDA Margin % has ranged from 23.77 to 35.98. According to the industry distribution chart, Ninety One ranks #334 out of 668 companies in the Asset Management industry, placing it in the top 50%.
Is Ninety One's EBITDA Margin % too high?
Ninety One's current EBITDA Margin % of 29.16% is near median its 10-year median of 29.91. Over the past 10 years, this metric has ranged from a low of 23.77 to a high of 35.98. The Asset Management industry median EBITDA Margin % is 30.12. Ninety One's value of 29.16% is 3.2% below this industry median. Based on the distribution chart, Ninety One ranks #334 out of 668 companies in the Asset Management industry, which is above the industry midpoint. Overall, Ninety One has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's EBITDA Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Ninety One ranks #334 out of 668 companies for EBITDA Margin %. This puts Ninety One in the upper half of its industry. The industry median EBITDA Margin % is 30.12. Ninety One's value of 29.16% is 3.2% below this benchmark. Historically, Ninety One's own EBITDA Margin % has ranged from 23.77 to 35.98 over the past decade. While the company's 10-year median is 29.91 vs. the industry median of 30.12, Ninety One has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for an Asset Management company?
The median EBITDA Margin % among Asset Management companies is 30.12, based on 668 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ninety One's current EBITDA Margin % of 29.16% is 3.2% below 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Ninety One and its competitors. For the Asset Management industry, the median EBITDA Margin % is 30.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ninety One's current EBITDA Margin % is 29.16%, which is near median its own 10-year median of 29.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current EBITDA Margin % of 29.16%. The stock's GF Value™ is €2.10, compared to a current price of €2.30 — trading 9.5% above its estimated fair value. The current EBITDA Margin % is 29.16%, which is near median its 10-year median of 29.91 and 3.2% below the Asset Management industry median of 30.12. Ninety One's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Ninety One (FRA:L91), the current EBITDA Margin % is 29.16% 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 Ninety One (FRA:L91) Overvalued in 2026?
Based on GuruFocus' analysis, Ninety One stock appears to be overvalued.
The current stock price of €2.30 is trading 9.5% above its estimated GF Value™ of €2.10.
Key valuation signals for FRA:L91:
EBITDA Margin %: 29.16% (near median its 10-year median of 29.91)
GF Value™: €2.10 vs. price of €2.30 (9.5% above fair value)
Industry Position: 3.2% below the Asset Management median (#334 of 668)
No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
74GF Score
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