Northern 3 VCTLSE:NTN 36 Net Margin % is 109.34% as of Mar. 2026, which is 12% above its 10-year median of 97.92. GuruFocus rates LSE:NTN with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 1,576 Asset Management companies, Northern 3 VCT ranks better than 94.23% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Northern 3 VCT's Net Income for the
six
months ended in Mar. 2026 was £-3.41 Mil. Northern 3 VCT's Revenue for the
six
months ended in Mar. 2026 was £-3.11 Mil. Therefore, Northern 3 VCT's net margin for the quarter that ended in Mar. 2026 was 109.34%.
The historical rank and industry rank for Northern 3 VCT's Net Margin % or its related term are showing as below:
LSE:NTN'
s Net Margin % Range Over the Past 10 Years
Min: -41.32 Med: 97.92 Max: 254.55
Current: 254.55
LSE:NTN's Net Margin % is ranked better than 94.23% of 1576
companies
in the Asset Management industry
Industry Median: 84.895
vs LSE:NTN: 254.55
Northern 3 VCT (LSE:NTN) 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.
Northern 3 VCT Net Margin % Related Terms
Northern 3 VCT Net Margin % Historical Data
* Premium members only.
The historical data trend for Northern 3 VCT'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, Northern 3 VCT'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.
Northern 3 VCT Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern 3 VCT's Net Margin % distribution charts can be found below:
* The bar in red indicates where Northern 3 VCT'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.
Northern 3 VCT (LSE:NTN) has a Net Margin % of 109.34% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Northern 3 VCT and its competitors. This is 12% above median its historical median of 97.92. According to the industry distribution chart, Northern 3 VCT ranks #91 out of 1576 companies in the Asset Management industry, placing it in the top 5.8%.
Is Northern 3 VCT's Net Margin % too high?
Northern 3 VCT's current Net Margin % of 109.34% is 12% above median its 10-year median of 97.92. The Asset Management industry median Net Margin % is 84.90. Northern 3 VCT's value of 109.34% is 28.8% above this industry median. Based on the distribution chart, Northern 3 VCT ranks #91 out of 1576 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Northern 3 VCT has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Northern 3 VCT's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Northern 3 VCT ranks #91 out of 1576 companies for Net Margin %. This places Northern 3 VCT in the top 6% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.90. Northern 3 VCT's value of 109.34% is 28.8% above this benchmark. While the company's 10-year median is 97.92 vs. the industry median of 84.90, Northern 3 VCT 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. Northern 3 VCT's current Net Margin % of 109.34% is 28.8% 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 Northern 3 VCT 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. Northern 3 VCT's current Net Margin % is 109.34%, which is 12% above median its own 10-year median of 97.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern 3 VCT stock overvalued right now?
Northern 3 VCT (LSE:NTN) has a current Net Margin % of 109.34%. The current Net Margin % is 109.34%, which is 12% above median its 10-year median of 97.92 and 28.8% above the Asset Management industry median of 84.90. Northern 3 VCT's overall GF Score™ is 36/100 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 Northern 3 VCT (LSE:NTN), the current Net Margin % is 109.34% as of Mar. 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.
Northern 3 VCT PLC is a Venture Capital Trust. The company is managed by NVM Private Equity. Northern invests mainly in unquoted venture capital holdings, with its remaining assets invested in a portfolio of listed interest-bearing and equity investments and bank deposits. Its objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth. The company holds investments in unquoted UK manufacturing and service businesses that meet the managers' key criteria of fair value, growth potential, and ability to generate cash.
36GF Score
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