RecordLSE:REC -4.52%75 Net Margin % is 18.71% as of Mar. 2026, which is 25% below its 10-year median of 24.83. GuruFocus rates LSE:REC with a GF Score™ of 75/100 and a GF Value™ of £0.57 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,579 Asset Management companies, Record ranks worse than 72.64% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Record's Net Income for the
six
months ended in Mar. 2026 was £3.91 Mil. Record's Revenue for the
six
months ended in Mar. 2026 was £20.90 Mil. Therefore, Record's net margin for the quarter that ended in Mar. 2026 was 18.71%.
The historical rank and industry rank for Record's Net Margin % or its related term are showing as below:
LSE:REC'
s Net Margin % Range Over the Past 10 Years
Min: 19.1 Med: 24.83 Max: 27.52
Current: 19.1
LSE:REC's Net Margin % is ranked worse than 72.64% of 1579
companies
in the Asset Management industry
Industry Median: 84.88
vs LSE:REC: 19.10
Record (LSE:REC) 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.
Record Net Margin % Related Terms
Record Net Margin % Historical Data
* Premium members only.
The historical data trend for Record'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, Record'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.
Record Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Record's Net Margin % distribution charts can be found below:
* The bar in red indicates where Record'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.
Record (LSE:REC) has a Net Margin % of 18.71% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Record and its competitors. This is 25% below median its historical median of 24.83. Over the past decade, Record's Net Margin % has ranged from 19.10 to 27.52. According to the industry distribution chart, Record ranks #1147 out of 1579 companies in the Asset Management industry, placing it in the top 72.6%.
Is Record's Net Margin % too high?
Record's current Net Margin % of 18.71% is 25% below median its 10-year median of 24.83. Over the past 10 years, this metric has ranged from a low of 19.10 to a high of 27.52. The Asset Management industry median Net Margin % is 84.88. Record's value of 18.71% is 78% below this industry median. Based on the distribution chart, Record ranks #1147 out of 1579 companies in the Asset Management industry, which is below the industry midpoint. Overall, Record has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Record's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Record ranks #1147 out of 1579 companies for Net Margin %. This places Record in the lower half of its industry. The industry median Net Margin % is 84.88. Record's value of 18.71% is 78% below this benchmark. Historically, Record's own Net Margin % has ranged from 19.10 to 27.52 over the past decade. While the company's 10-year median is 24.83 vs. the industry median of 84.88, Record 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 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. Record's current Net Margin % of 18.71% is 78% 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 Record 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. Record's current Net Margin % is 18.71%, which is 25% below median its own 10-year median of 24.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Record stock overvalued right now?
Based on GuruFocus' analysis, Record (LSE:REC) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.57, compared to a current price of £0.44 — trading 22.1% below its estimated fair value. The current Net Margin % is 18.71%, which is 25% below median its 10-year median of 24.83 and 78% below the Asset Management industry median of 84.88. Record's overall GF Score™ is 75/100 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 Record (LSE:REC), the current Net Margin % is 18.71% 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.
Is Record (LSE:REC) Overvalued in 2026?
Based on GuruFocus' analysis, Record stock appears to be undervalued.
The current stock price of £0.44 is trading 22.1% below its estimated GF Value™ of £0.57.
GuruFocus considers Record to be Modestly Undervalued.
Key valuation signals for LSE:REC:
Net Margin %: 18.71% (25% below median its 10-year median of 24.83)
GF Value™: £0.57 vs. price of £0.44 (22.1% below fair value)
Industry Position: 78% below the Asset Management median (#1147 of 1579)
No single metric tells the full story. See the LSE:REC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Record PLC is a United Kingdom-based company currency and asset management firm. The company provides services to clients such as pension funds, charities, foundations, endowments, family offices, and other fund managers and corporate entities. Geographically, it derives a majority of its revenue from the United States and also has a presence in the United Kingdom, Switzerland, Europe (excluding UK and Switzerland), and other countries. Revenue comprises mainly management fees and performance fees. Its reportable segments are Currency Management and Asset Management. The maximum revenue is derived from the currency management segment which comprises bespoke solutions for clients including Passive Hedging, Dynamic Hedging, Hedging for Asset Managers, and FX Alpha products.
75GF Score
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