WAM MicrocapASX:WMI -0.67%60 Net Margin % is 67.21% as of Dec. 2025, which is 1% below its 10-year median of 67.90. GuruFocus rates ASX:WMI with a GF Score™ of 60/100 and a GF Value™ of A$1.59 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,572 Asset Management companies, WAM Microcap ranks worse than 57.89% on this metric.
Net margin is calculated as Net Income divided by its Revenue. WAM Microcap's Net Income for the
six
months ended in Dec. 2025 was A$30.98 Mil. WAM Microcap's Revenue for the
six
months ended in Dec. 2025 was A$46.10 Mil. Therefore, WAM Microcap's net margin for the quarter that ended in Dec. 2025 was 67.21%.
The historical rank and industry rank for WAM Microcap's Net Margin % or its related term are showing as below:
ASX:WMI'
s Net Margin % Range Over the Past 10 Years
Min: 64.56 Med: 67.9 Max: 72.26
Current: 67.29
ASX:WMI's Net Margin % is ranked worse than 57.89% of 1572
companies
in the Asset Management industry
Industry Median: 85.385
vs ASX:WMI: 67.29
WAM Microcap (ASX:WMI) 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 Microcap Net Margin % Related Terms
WAM Microcap Net Margin % Historical Data
* Premium members only.
The historical data trend for WAM Microcap'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 Microcap'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 Microcap Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Microcap's Net Margin % distribution charts can be found below:
* The bar in red indicates where WAM Microcap'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 Microcap (ASX:WMI) has a Net Margin % of 67.21% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on WAM Microcap and its competitors. This is near median its historical median of 67.90. Over the past decade, WAM Microcap's Net Margin % has ranged from 64.56 to 72.26. According to the industry distribution chart, WAM Microcap ranks #910 out of 1572 companies in the Asset Management industry, placing it in the top 57.9%.
Is WAM Microcap's Net Margin % too high?
WAM Microcap's current Net Margin % of 67.21% is near median its 10-year median of 67.90. Over the past 10 years, this metric has ranged from a low of 64.56 to a high of 72.26. The Asset Management industry median Net Margin % is 85.39. WAM Microcap's value of 67.21% is 21.3% below this industry median. Based on the distribution chart, WAM Microcap ranks #910 out of 1572 companies in the Asset Management industry, which is below the industry midpoint. Overall, WAM Microcap has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WAM Microcap's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Microcap ranks #910 out of 1572 companies for Net Margin %. This places WAM Microcap in the lower half of its industry. The industry median Net Margin % is 85.39. WAM Microcap's value of 67.21% is 21.3% below this benchmark. Historically, WAM Microcap's own Net Margin % has ranged from 64.56 to 72.26 over the past decade. While the company's 10-year median is 67.90 vs. the industry median of 85.39, WAM Microcap 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 85.39, 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 Microcap's current Net Margin % of 67.21% is 21.3% 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 WAM Microcap and its competitors. For the Asset Management industry, the median Net Margin % is 85.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAM Microcap's current Net Margin % is 67.21%, which is near median its own 10-year median of 67.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Microcap stock overvalued right now?
Based on GuruFocus' analysis, WAM Microcap (ASX:WMI) is currently considered Fairly Valued. The stock's GF Value™ is A$1.59, compared to a current price of A$1.48 — trading 6.9% below its estimated fair value. The current Net Margin % is 67.21%, which is near median its 10-year median of 67.90 and 21.3% below the Asset Management industry median of 85.39. WAM Microcap's overall GF Score™ is 60/100 with 1 warning sign 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 Microcap (ASX:WMI), the current Net Margin % is 67.21% 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 Microcap (ASX:WMI) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Microcap stock appears to be undervalued.
The current stock price of A$1.48 is trading 6.9% below its estimated GF Value™ of A$1.59.
GuruFocus considers WAM Microcap to be Fairly Valued.
Key valuation signals for ASX:WMI:
Net Margin %: 67.21% (near median its 10-year median of 67.90)
GF Value™: A$1.59 vs. price of A$1.48 (6.9% below fair value)
Industry Position: 21.3% below the Asset Management median (#910 of 1572)
No single metric tells the full story. See the ASX:WMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Microcap Ltd is an investment company based in Australia. Its investment objectives are to deliver a stream of fully franked dividends, provide capital growth in the medium-to-long term, and preserve capital. The company is engaged in making investments in listed companies, and provides investors access to a portfolio of undervalued micro-cap growth companies with a market capitalisation of less than 300 million dollars at the time of acquisition. WAM Microcap also provides exposure to relative value arbitrage and market mispricing opportunities.
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