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Net margin is calculated as Net Income divided by its Revenue. Asset Plus's Net Income for the
six
months ended in Mar. 2026 was NZ$-4.77 Mil. Asset Plus's Revenue for the
six
months ended in Mar. 2026 was NZ$3.36 Mil. Therefore, Asset Plus's net margin for the quarter that ended in Mar. 2026 was -142.01%.
The historical rank and industry rank for Asset Plus's Net Margin % or its related term are showing as below:
NZSE:APL'
s Net Margin % Range Over the Past 10 Years
Min: -204.63 Med: -15.17 Max: 114.74
Current: -48.26
NZSE:APL's Net Margin % is ranked worse than 92.43% of 925
companies
in the REITs industry
Industry Median: 45.13
vs NZSE:APL: -48.26
Asset Plus (NZSE:APL) 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.
Asset Plus Net Margin % Related Terms
Asset Plus Net Margin % Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: Net Margin % Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Net Margin % distribution charts can be found below:
* The bar in red indicates where Asset Plus'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.
Asset Plus (NZSE:APL) has a Net Margin % of -142.01% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Asset Plus and its competitors. According to the industry distribution chart, Asset Plus ranks #855 out of 925 companies in the REITs industry, placing it in the top 92.4%.
Is Asset Plus' Net Margin % too high?
Asset Plus' current Net Margin % is -142.01%. Based on the distribution chart, Asset Plus ranks #855 out of 925 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Asset Plus has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #855 out of 925 companies for Net Margin %. This places Asset Plus in the lower half of its industry. The industry median Net Margin % is 45.13. 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 a REITs company?
The median Net Margin % among REITs companies is 45.13, based on 925 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. 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 Asset Plus and its competitors. For the REITs industry, the median Net Margin % is 45.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current Net Margin % is -142.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 27.4% below its estimated fair value. The current Net Margin % is -142.01%. Asset Plus' overall GF Score™ is 43/100 with 2 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 Asset Plus (NZSE:APL), the current Net Margin % is -142.01% 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Net Margin %: -142.01%
GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score
Get the complete analysis for NZSE:APL
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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