CAF (Morgan Stanley China A Share Fund) Net Margin %: 99.13% (As of Dec. 2025) — Near Median


CAF Morgan Stanley China A Share Fund Inc CAF
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What is Morgan Stanley China A Share Fund Net Margin %?

Morgan Stanley China A Share Fund CAF +0.60% 24 Net Margin % is 99.13% as of Dec. 2025, which is 0% below its 10-year median of 99.24. GuruFocus rates CAF with a GF Score™ of 24/100. The stock has 4 warning signs investors should review. Among 1,579 Asset Management companies, Morgan Stanley China A Share Fund ranks better than 75.68% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Morgan Stanley China A Share Fund's Net Income for the six months ended in Dec. 2025 was $60.74 Mil. Morgan Stanley China A Share Fund's Revenue for the six months ended in Dec. 2025 was $61.27 Mil. Therefore, Morgan Stanley China A Share Fund's net margin for the quarter that ended in Dec. 2025 was 99.13%.

The historical rank and industry rank for Morgan Stanley China A Share Fund's Net Margin % or its related term are showing as below:

CAF' s Net Margin % Range Over the Past 10 Years
Min: 94.58   Med: 99.24   Max: 110.43
Current: 98.68


CAF's Net Margin % is ranked better than
75.68% of 1579 companies
in the Asset Management industry
Industry Median: 84.88 vs CAF: 98.68

Morgan Stanley China A Share Fund  (NYSE:CAF) 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.


Morgan Stanley China A Share Fund Net Margin % Related Terms


Morgan Stanley China A Share Fund Net Margin % Historical Data

* Premium members only.

The historical data trend for Morgan Stanley China A Share 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.

Morgan Stanley China A Share Fund Net Margin % Chart

Morgan Stanley China A Share Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only 110.43 100.90 102.32 94.58 98.68

Morgan Stanley China A Share Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 103.77 109.48 98.48 95.86 99.13

CAF vs PSBD, CION, BKT: Net Margin % Comparison

For the Asset Management subindustry, Morgan Stanley China A Share 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.


Morgan Stanley China A Share Fund Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley China A Share Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Morgan Stanley China A Share Fund's Net Margin % falls into.


CAF
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Morgan Stanley China A Share Fund Inc CAF
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Morgan Stanley China A Share Fund Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Morgan Stanley China A Share Fund's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=70.267/71.21
=98.68 %

Morgan Stanley China A Share Fund's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=60.74/61.272
=99.13 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 99.13% mean?
Morgan Stanley China A Share Fund (CAF) has a Net Margin % of 99.13% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Morgan Stanley China A Share Fund and its competitors. This is near median its historical median of 99.24. Over the past decade, Morgan Stanley China A Share Fund's Net Margin % has ranged from 94.58 to 110.43. According to the industry distribution chart, Morgan Stanley China A Share Fund ranks #384 out of 1579 companies in the Asset Management industry, placing it in the top 24.3%.
Is Morgan Stanley China A Share Fund's Net Margin % too high?
Morgan Stanley China A Share Fund's current Net Margin % of 99.13% is near median its 10-year median of 99.24. Over the past 10 years, this metric has ranged from a low of 94.58 to a high of 110.43. The Asset Management industry median Net Margin % is 84.88. Morgan Stanley China A Share Fund's value of 99.13% is 16.8% above this industry median. Based on the distribution chart, Morgan Stanley China A Share Fund ranks #384 out of 1579 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Morgan Stanley China A Share Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley China A Share Fund's Net Margin % compare to PSBD and CION?
According to the Asset Management industry distribution chart, Morgan Stanley China A Share Fund ranks #384 out of 1579 companies for Net Margin %. This places Morgan Stanley China A Share Fund in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.88. Morgan Stanley China A Share Fund's value of 99.13% is 16.8% above this benchmark. Historically, Morgan Stanley China A Share Fund's own Net Margin % has ranged from 94.58 to 110.43 over the past decade. While the company's 10-year median is 99.24 vs. the industry median of 84.88, Morgan Stanley China A Share Fund 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 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. Morgan Stanley China A Share Fund's current Net Margin % of 99.13% is 16.8% 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 Morgan Stanley China A Share 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. Morgan Stanley China A Share Fund's current Net Margin % is 99.13%, which is near median its own 10-year median of 99.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley China A Share Fund stock overvalued right now?
Morgan Stanley China A Share Fund (CAF) has a current Net Margin % of 99.13%. The current Net Margin % is 99.13%, which is near median its 10-year median of 99.24 and 16.8% above the Asset Management industry median of 84.88. Morgan Stanley China A Share Fund's overall GF Score™ is 24/100 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 Morgan Stanley China A Share Fund (CAF), the current Net Margin % is 99.13% 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.

Morgan Stanley China A Share Fund Business Description

Address 1585 Broadway, New York, NY, USA, 10036
Morgan Stanley China A Share Fund Inc is the United States based non-diversified, closed-end management investment company. Its investment objective is to seek capital growth by investing a majority of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. Its portfolio of investments consists of investment in different sectors such as the aerospace and defense, banks, automobiles, household durables, media, pharmaceuticals, software and other sectors.
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