L1 Long Short FundASX:LSF +1.32%61 Net Margin % is 66.97% as of Dec. 2025, which is 14% above its 10-year median of 58.65. GuruFocus rates ASX:LSF with a GF Score™ of 61/100 and a GF Value™ of A$13.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,579 Asset Management companies, L1 Long Short Fund ranks worse than 58.14% on this metric.
The historical rank and industry rank for L1 Long Short Fund's Net Margin % or its related term are showing as below:
ASX:LSF'
s Net Margin % Range Over the Past 10 Years
Min: -309.55 Med: 58.65 Max: 137.9
Current: 66.45
ASX:LSF's Net Margin % is ranked worse than 58.14% of 1579
companies
in the Asset Management industry
Industry Median: 84.88
vs ASX:LSF: 66.45
L1 Long Short Fund (ASX:LSF) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
L1 Long Short Fund Net Margin % Related Terms
L1 Long Short Fund Net Margin % Historical Data
* Premium members only.
The historical data trend for L1 Long Short Fund's Net 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.
For the Asset Management subindustry, L1 Long Short Fund's Net Margin %, along with its competitors' market caps and Net 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.
L1 Long Short Fund Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, L1 Long Short Fund's Net Margin % distribution charts can be found below:
* The bar in red indicates where L1 Long Short Fund's Net 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.
L1 Long Short Fund (ASX:LSF) has a Net Margin % of 66.97% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on L1 Long Short Fund and its competitors. This is 14% above median its historical median of 58.65. According to the industry distribution chart, L1 Long Short Fund ranks #918 out of 1579 companies in the Asset Management industry, placing it in the top 58.1%.
Is L1 Long Short Fund's Net Margin % too high?
L1 Long Short Fund's current Net Margin % of 66.97% is 14% above median its 10-year median of 58.65. The Asset Management industry median Net Margin % is 84.88. L1 Long Short Fund's value of 66.97% is 21.1% below this industry median. Based on the distribution chart, L1 Long Short Fund ranks #918 out of 1579 companies in the Asset Management industry, which is below the industry midpoint. Overall, L1 Long Short Fund has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does L1 Long Short Fund's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, L1 Long Short Fund ranks #918 out of 1579 companies for Net Margin %. This places L1 Long Short Fund in the lower half of its industry. The industry median Net Margin % is 84.88. L1 Long Short Fund's value of 66.97% is 21.1% below this benchmark. While the company's 10-year median is 58.65 vs. the industry median of 84.88, L1 Long Short Fund 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 Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.88, based on 1,579 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. L1 Long Short Fund's current Net Margin % of 66.97% is 21.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on L1 Long Short Fund and its competitors. For the Asset Management industry, the median Net Margin % is 84.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L1 Long Short Fund's current Net Margin % is 66.97%, which is 14% above median its own 10-year median of 58.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L1 Long Short Fund stock overvalued right now?
Based on GuruFocus' analysis, L1 Long Short Fund (ASX:LSF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$13.52, compared to a current price of A$4.60 — trading 66% below its estimated fair value. The current Net Margin % is 66.97%, which is 14% above median its 10-year median of 58.65 and 21.1% below the Asset Management industry median of 84.88. L1 Long Short Fund's overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For L1 Long Short Fund (ASX:LSF), the current Net Margin % is 66.97% as of Dec. 2025. 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 L1 Long Short Fund (ASX:LSF) Overvalued in 2026?
Based on GuruFocus' analysis, L1 Long Short Fund stock appears to be undervalued.
The current stock price of A$4.60 is trading 66% below its estimated GF Value™ of A$13.52.
GuruFocus considers L1 Long Short Fund to be Significantly Undervalued.
Key valuation signals for ASX:LSF:
Net Margin %: 66.97% (14% above median its 10-year median of 58.65)
GF Value™: A$13.52 vs. price of A$4.60 (66% below fair value)
Industry Position: 21.1% below the Asset Management median (#918 of 1579)
No single metric tells the full story. See the ASX:LSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry, being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.
61GF Score
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