Brunner Investment Trust (The) (LSE:BUT) Net Margin %: 96.47% (As of May. 2026) — Near Median

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LSE:BUT Brunner Investment Trust (The) PLC LSE:BUT
65 GF Score
Price £15.64
GF Value £28.78
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Brunner Investment Trust (The) Net Margin %?

Brunner Investment Trust (The) LSE:BUT +0.51% 65 Net Margin % is 96.47% as of May. 2026, which is 0% below its 10-year median of 96.93. GuruFocus rates LSE:BUT with a GF Score™ of 65/100 and a GF Value™ of £28.78 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,568 Asset Management companies, Brunner Investment Trust (The) ranks better than 69.58% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Brunner Investment Trust (The)'s Net Income for the six months ended in May. 2026 was £36.6 Mil. Brunner Investment Trust (The)'s Revenue for the six months ended in May. 2026 was £38.0 Mil. Therefore, Brunner Investment Trust (The)'s net margin for the quarter that ended in May. 2026 was 96.47%.

The historical rank and industry rank for Brunner Investment Trust (The)'s Net Margin % or its related term are showing as below:

LSE:BUT' s Net Margin % Range Over the Past 10 Years
Min: -19.19   Med: 96.93   Max: 98.03
Current: 98.03


LSE:BUT's Net Margin % is ranked better than
69.58% of 1568 companies
in the Asset Management industry
Industry Median: 85.245 vs LSE:BUT: 98.03

Brunner Investment Trust (The)  (LSE:BUT) 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.


Brunner Investment Trust (The) Net Margin % Related Terms


Brunner Investment Trust (The) Net Margin % Historical Data

* Premium members only.

The historical data trend for Brunner Investment Trust (The)'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.

Brunner Investment Trust (The) Net Margin % Chart

Brunner Investment Trust (The) Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.95 64.92 95.19 97.67 96.53

Brunner Investment Trust (The) Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 Premium Member Only Premium Member Only Premium Member Only 98.21 96.34 113.00 98.91 96.47

LSE:BUT vs BLK, BX, KKR: Net Margin % Comparison

For the Asset Management subindustry, Brunner Investment Trust (The)'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.


Brunner Investment Trust (The) Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Brunner Investment Trust (The)'s Net Margin % distribution charts can be found below:

* The bar in red indicates where Brunner Investment Trust (The)'s Net Margin % falls into.


LSE:BUT
65GF Score
Brunner Investment Trust (The) PLC LSE:BUT
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brunner Investment Trust (The) 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.

Brunner Investment Trust (The)'s Net Margin for the fiscal year that ended in Nov. 2025 is calculated as

Net Margin=Net Income (A: Nov. 2025 )/Revenue (A: Nov. 2025 )
=55.552/57.549
=96.53 %

Brunner Investment Trust (The)'s Net Margin for the quarter that ended in May. 2026 is calculated as

Net Margin=Net Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=36.644/37.985
=96.47 %

* 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 96.47% mean?
Brunner Investment Trust (The) (LSE:BUT) has a Net Margin % of 96.47% as of May. 2026. Net margin is the ratio of total net income to net sales. View historical data on Brunner Investment Trust (The) and its competitors. This is near median its historical median of 96.93. According to the industry distribution chart, Brunner Investment Trust (The) ranks #477 out of 1568 companies in the Asset Management industry, placing it in the top 30.4%.
Is Brunner Investment Trust (The)'s Net Margin % too high?
Brunner Investment Trust (The)'s current Net Margin % of 96.47% is near median its 10-year median of 96.93. The Asset Management industry median Net Margin % is 85.25. Brunner Investment Trust (The)'s value of 96.47% is 13.2% above this industry median. Based on the distribution chart, Brunner Investment Trust (The) ranks #477 out of 1568 companies in the Asset Management industry, which is above the industry midpoint. Overall, Brunner Investment Trust (The) has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brunner Investment Trust (The)'s Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Brunner Investment Trust (The) ranks #477 out of 1568 companies for Net Margin %. This puts Brunner Investment Trust (The) in the upper half of its industry. The industry median Net Margin % is 85.25. Brunner Investment Trust (The)'s value of 96.47% is 13.2% above this benchmark. While the company's 10-year median is 96.93 vs. the industry median of 85.25, Brunner Investment Trust (The) 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 85.25, based on 1,568 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. Brunner Investment Trust (The)'s current Net Margin % of 96.47% is 13.2% 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 Brunner Investment Trust (The) and its competitors. For the Asset Management industry, the median Net Margin % is 85.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brunner Investment Trust (The)'s current Net Margin % is 96.47%, which is near median its own 10-year median of 96.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brunner Investment Trust (The) stock overvalued right now?
Based on GuruFocus' analysis, Brunner Investment Trust (The) (LSE:BUT) is currently considered Significantly Undervalued. The stock's GF Value™ is £28.78, compared to a current price of £15.64 — trading 45.7% below its estimated fair value. The current Net Margin % is 96.47%, which is near median its 10-year median of 96.93 and 13.2% above the Asset Management industry median of 85.25. Brunner Investment Trust (The)'s overall GF Score™ is 65/100 with 5 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 Brunner Investment Trust (The) (LSE:BUT), the current Net Margin % is 96.47% as of May. 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 Brunner Investment Trust (The) (LSE:BUT) Overvalued in 2026?

Based on GuruFocus' analysis, Brunner Investment Trust (The) stock appears to be undervalued. The current stock price of £15.64 is trading 45.7% below its estimated GF Value™ of £28.78. GuruFocus considers Brunner Investment Trust (The) to be Significantly Undervalued.

Key valuation signals for LSE:BUT:

  • Net Margin %: 96.47% (near median its 10-year median of 96.93)
  • GF Value™: £28.78 vs. price of £15.64 (45.7% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 13.2% above the Asset Management median (#477 of 1568)

No single metric tells the full story. See the LSE:BUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brunner Investment Trust (The) Business Description

Address 199 Bishopsgate, London, GBR, EC2M 3TY
Brunner Investment Trust (The) PLC is a United Kingdom-based investment trust. It aims to provide growth in capital value and dividends over the long term by investing in UK securities and international securities. The benchmark against which performance is measured is 70% FTSE World ex-UK Index and 30% FTSE All-Share Index. Its portfolio consists of securities from Industrials, Financials, Communication Services, Utilities, Health Care, Energy, and other industries.
65GF Score

Get the complete analysis for LSE:BUT

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£15.64
Price
£28.78
GF Value