WAM GlobalASX:WGB 36 Net Margin % is 113.97% as of Dec. 2025, which is 76% above its 10-year median of 64.91. GuruFocus rates ASX:WGB with a GF Score™ of 36/100 and a GF Value™ of A$0.56 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,572 Asset Management companies, WAM Global ranks worse than 63.99% on this metric.
Net margin is calculated as Net Income divided by its Revenue. WAM Global's Net Income for the
six
months ended in Dec. 2025 was A$-11.13 Mil. WAM Global's Revenue for the
six
months ended in Dec. 2025 was A$-9.76 Mil. Therefore, WAM Global's net margin for the quarter that ended in Dec. 2025 was 113.97%.
The historical rank and industry rank for WAM Global's Net Margin % or its related term are showing as below:
ASX:WGB'
s Net Margin % Range Over the Past 10 Years
Min: 35.82 Med: 64.91 Max: 74.99
Current: 46.45
ASX:WGB's Net Margin % is ranked worse than 63.99% of 1572
companies
in the Asset Management industry
Industry Median: 85.08
vs ASX:WGB: 46.45
WAM Global (ASX:WGB) 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.
WAM Global Net Margin % Related Terms
WAM Global Net Margin % Historical Data
* Premium members only.
The historical data trend for WAM Global'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, WAM Global'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.
WAM Global Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Global's Net Margin % distribution charts can be found below:
* The bar in red indicates where WAM Global'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.
WAM Global (ASX:WGB) has a Net Margin % of 113.97% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on WAM Global and its competitors. This is 76% above median its historical median of 64.91. Over the past decade, WAM Global's Net Margin % has ranged from 35.82 to 74.99. According to the industry distribution chart, WAM Global ranks #1006 out of 1572 companies in the Asset Management industry, placing it in the top 64%.
Is WAM Global's Net Margin % too high?
WAM Global's current Net Margin % of 113.97% is 76% above median its 10-year median of 64.91. Over the past 10 years, this metric has ranged from a low of 35.82 to a high of 74.99. The Asset Management industry median Net Margin % is 85.08. WAM Global's value of 113.97% is 34% above this industry median. Based on the distribution chart, WAM Global ranks #1006 out of 1572 companies in the Asset Management industry, which is below the industry midpoint. Overall, WAM Global has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WAM Global's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Global ranks #1006 out of 1572 companies for Net Margin %. This places WAM Global in the lower half of its industry. The industry median Net Margin % is 85.08. WAM Global's value of 113.97% is 34% above this benchmark. Historically, WAM Global's own Net Margin % has ranged from 35.82 to 74.99 over the past decade. While the company's 10-year median is 64.91 vs. the industry median of 85.08, WAM Global has consistently been above 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 85.08, based on 1,572 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. WAM Global's current Net Margin % of 113.97% is 34% 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 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 WAM Global and its competitors. For the Asset Management industry, the median Net Margin % is 85.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAM Global's current Net Margin % is 113.97%, which is 76% above median its own 10-year median of 64.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Global stock overvalued right now?
Based on GuruFocus' analysis, WAM Global (ASX:WGB) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.56, compared to a current price of A$2.12 — trading 278.6% above its estimated fair value. The current Net Margin % is 113.97%, which is 76% above median its 10-year median of 64.91 and 34% above the Asset Management industry median of 85.08. WAM Global's overall GF Score™ is 36/100 with 2 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 WAM Global (ASX:WGB), the current Net Margin % is 113.97% 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 WAM Global (ASX:WGB) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Global stock appears to be overvalued.
The current stock price of A$2.12 is trading 278.6% above its estimated GF Value™ of A$0.56.
GuruFocus considers WAM Global to be Significantly Overvalued.
Key valuation signals for ASX:WGB:
Net Margin %: 113.97% (76% above median its 10-year median of 64.91)
GF Value™: A$0.56 vs. price of A$2.12 (278.6% above fair value)
Industry Position: 34% above the Asset Management median (#1006 of 1572)
No single metric tells the full story. See the ASX:WGB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Global Ltd is an asset management company. It is engaged in investing activities including cash, term deposits, and equity investments. The company makes investments in listed securities. Geographically the company has maximum exposure from the United States of America in their Investment portfolio.
36GF Score
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