Manchester & London Investment Trust (LSE:MNL) Net Margin %: 107.32% (As of Jan. 2026) — 10% Above Median


LSE:MNL Manchester & London Investment Trust PLC LSE:MNL
44 GF Score
Price £11.50
GF Value £5.83
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Manchester & London Investment Trust Net Margin %?

Manchester & London Investment Trust LSE:MNL +0.88% 44 Net Margin % is 107.32% as of Jan. 2026, which is 10% above its 10-year median of 97.80. GuruFocus rates LSE:MNL with a GF Score™ of 44/100 and a GF Value™ of £5.83 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,576 Asset Management companies, Manchester & London Investment Trust ranks better than 78.11% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Manchester & London Investment Trust's Net Income for the six months ended in Jan. 2026 was £-5.98 Mil. Manchester & London Investment Trust's Revenue for the six months ended in Jan. 2026 was £-5.57 Mil. Therefore, Manchester & London Investment Trust's net margin for the quarter that ended in Jan. 2026 was 107.32%.

The historical rank and industry rank for Manchester & London Investment Trust's Net Margin % or its related term are showing as below:

LSE:MNL' s Net Margin % Range Over the Past 10 Years
Min: 96.39   Med: 97.8   Max: 101.05
Current: 98.95


LSE:MNL's Net Margin % is ranked better than
78.11% of 1576 companies
in the Asset Management industry
Industry Median: 84.895 vs LSE:MNL: 98.95

Manchester & London Investment Trust  (LSE:MNL) 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.


Manchester & London Investment Trust Net Margin % Related Terms


Manchester & London Investment Trust Net Margin % Historical Data

* Premium members only.

The historical data trend for Manchester & London Investment Trust'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.

Manchester & London Investment Trust Net Margin % Chart

Manchester & London Investment Trust Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.66 101.05 98.04 99.42 99.27

Manchester & London Investment Trust Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 99.37 99.46 98.31 99.53 107.32

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

For the Asset Management subindustry, Manchester & London Investment Trust'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.


Manchester & London Investment Trust Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's Net Margin % distribution charts can be found below:

* The bar in red indicates where Manchester & London Investment Trust's Net Margin % falls into.


LSE:MNL
44GF Score
Manchester & London Investment Trust PLC LSE:MNL
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manchester & London Investment Trust 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.

Manchester & London Investment Trust's Net Margin for the fiscal year that ended in Jul. 2025 is calculated as

Net Margin=Net Income (A: Jul. 2025 )/Revenue (A: Jul. 2025 )
=101.359/102.103
=99.27 %

Manchester & London Investment Trust's Net Margin for the quarter that ended in Jan. 2026 is calculated as

Net Margin=Net Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=-5.98/-5.572
=107.32 %

* 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 107.32% mean?
Manchester & London Investment Trust (LSE:MNL) has a Net Margin % of 107.32% as of Jan. 2026. Net margin is the ratio of total net income to net sales. View historical data on Manchester & London Investment Trust and its competitors. This is 10% above median its historical median of 97.80. Over the past decade, Manchester & London Investment Trust's Net Margin % has ranged from 96.39 to 101.05. According to the industry distribution chart, Manchester & London Investment Trust ranks #345 out of 1576 companies in the Asset Management industry, placing it in the top 21.9%.
Is Manchester & London Investment Trust's Net Margin % too high?
Manchester & London Investment Trust's current Net Margin % of 107.32% is 10% above median its 10-year median of 97.80. Over the past 10 years, this metric has ranged from a low of 96.39 to a high of 101.05. The Asset Management industry median Net Margin % is 84.90. Manchester & London Investment Trust's value of 107.32% is 26.4% above this industry median. Based on the distribution chart, Manchester & London Investment Trust ranks #345 out of 1576 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Manchester & London Investment Trust has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester & London Investment Trust's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Manchester & London Investment Trust ranks #345 out of 1576 companies for Net Margin %. This places Manchester & London Investment Trust in the top 22% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.90. Manchester & London Investment Trust's value of 107.32% is 26.4% above this benchmark. Historically, Manchester & London Investment Trust's own Net Margin % has ranged from 96.39 to 101.05 over the past decade. While the company's 10-year median is 97.80 vs. the industry median of 84.90, Manchester & London Investment Trust 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 84.90, based on 1,576 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. Manchester & London Investment Trust's current Net Margin % of 107.32% is 26.4% 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 Manchester & London Investment Trust and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manchester & London Investment Trust's current Net Margin % is 107.32%, which is 10% above median its own 10-year median of 97.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester & London Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Manchester & London Investment Trust (LSE:MNL) is currently considered Significantly Overvalued. The stock's GF Value™ is £5.83, compared to a current price of £11.50 — trading 97.3% above its estimated fair value. The current Net Margin % is 107.32%, which is 10% above median its 10-year median of 97.80 and 26.4% above the Asset Management industry median of 84.90. Manchester & London Investment Trust's overall GF Score™ is 44/100 with 7 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 Manchester & London Investment Trust (LSE:MNL), the current Net Margin % is 107.32% as of Jan. 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 Manchester & London Investment Trust (LSE:MNL) Overvalued in 2026?

Based on GuruFocus' analysis, Manchester & London Investment Trust stock appears to be overvalued. The current stock price of £11.50 is trading 97.3% above its estimated GF Value™ of £5.83. GuruFocus considers Manchester & London Investment Trust to be Significantly Overvalued.

Key valuation signals for LSE:MNL:

  • Net Margin %: 107.32% (10% above median its 10-year median of 97.80)
  • GF Value™: £5.83 vs. price of £11.50 (97.3% above fair value)
  • GF Score™: 44/100 with 7 warning signs
  • Industry Position: 26.4% above the Asset Management median (#345 of 1576)

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


Manchester & London Investment Trust Business Description

Address 12a Princes Gate Mews, London, GBR, SW7 2PS
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.
44GF Score

Get the complete analysis for LSE:MNL

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

£11.50
Price
£5.83
GF Value