PAI (Western Asset Investment Gradeome Fund) Net Margin %: 96.80% (As of Dec. 2025) — Near Median

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PAI Western Asset Investment Grade Income Fund Inc PAI
57 GF Score
Price $11.91
GF Value $16.49
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Western Asset Investment Gradeome Fund Net Margin %?

Western Asset Investment Gradeome Fund PAI -0.67% 57 Net Margin % is 96.80% as of Dec. 2025, which is 0% below its 10-year median of 97.24. GuruFocus rates PAI with a GF Score™ of 57/100 and a GF Value™ of $16.49 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,571 Asset Management companies, Western Asset Investment Gradeome Fund ranks better than 65.56% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Western Asset Investment Gradeome Fund's Net Income for the six months ended in Dec. 2025 was $4.41 Mil. Western Asset Investment Gradeome Fund's Revenue for the six months ended in Dec. 2025 was $4.56 Mil. Therefore, Western Asset Investment Gradeome Fund's net margin for the quarter that ended in Dec. 2025 was 96.80%.

The historical rank and industry rank for Western Asset Investment Gradeome Fund's Net Margin % or its related term are showing as below:

PAI' s Net Margin % Range Over the Past 10 Years
Min: 42.44   Med: 97.24   Max: 105.93
Current: 97.16


PAI's Net Margin % is ranked better than
65.56% of 1571 companies
in the Asset Management industry
Industry Median: 85.3 vs PAI: 97.16

Western Asset Investment Gradeome Fund  (NYSE:PAI) 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.


Western Asset Investment Gradeome Fund Net Margin % Related Terms


Western Asset Investment Gradeome Fund Net Margin % Historical Data

* Premium members only.

The historical data trend for Western Asset Investment Gradeome Fund'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.

Western Asset Investment Gradeome Fund Net Margin % Chart

Western Asset Investment Gradeome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only 42.44 101.17 97.24 93.87 97.16

Western Asset Investment Gradeome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 98.90 71.46 96.51 97.47 96.80

PAI vs MCN, JHI, NIM: Net Margin % Comparison

For the Asset Management subindustry, Western Asset Investment Gradeome Fund'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.


Western Asset Investment Gradeome Fund Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Investment Gradeome Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Western Asset Investment Gradeome Fund's Net Margin % falls into.


PAI
57GF Score
Western Asset Investment Grade Income Fund Inc PAI
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Asset Investment Gradeome Fund 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.

Western Asset Investment Gradeome Fund's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=9.647/9.929
=97.16 %

Western Asset Investment Gradeome Fund's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=4.411/4.557
=96.80 %

* 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 96.80% mean?
Western Asset Investment Gradeome Fund (PAI) has a Net Margin % of 96.80% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Western Asset Investment Gradeome Fund and its competitors. This is near median its historical median of 97.24. Over the past decade, Western Asset Investment Gradeome Fund's Net Margin % has ranged from 42.44 to 105.93. According to the industry distribution chart, Western Asset Investment Gradeome Fund ranks #541 out of 1571 companies in the Asset Management industry, placing it in the top 34.4%.
Is Western Asset Investment Gradeome Fund's Net Margin % too high?
Western Asset Investment Gradeome Fund's current Net Margin % of 96.80% is near median its 10-year median of 97.24. Over the past 10 years, this metric has ranged from a low of 42.44 to a high of 105.93. The Asset Management industry median Net Margin % is 85.30. Western Asset Investment Gradeome Fund's value of 96.80% is 13.5% above this industry median. Based on the distribution chart, Western Asset Investment Gradeome Fund ranks #541 out of 1571 companies in the Asset Management industry, which is above the industry midpoint. Overall, Western Asset Investment Gradeome Fund has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Investment Gradeome Fund's Net Margin % compare to MCN and JHI?
According to the Asset Management industry distribution chart, Western Asset Investment Gradeome Fund ranks #541 out of 1571 companies for Net Margin %. This puts Western Asset Investment Gradeome Fund in the upper half of its industry. The industry median Net Margin % is 85.30. Western Asset Investment Gradeome Fund's value of 96.80% is 13.5% above this benchmark. Historically, Western Asset Investment Gradeome Fund's own Net Margin % has ranged from 42.44 to 105.93 over the past decade. While the company's 10-year median is 97.24 vs. the industry median of 85.30, Western Asset Investment Gradeome Fund 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 85.30, based on 1,571 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. Western Asset Investment Gradeome Fund's current Net Margin % of 96.80% is 13.5% 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 Western Asset Investment Gradeome Fund and its competitors. For the Asset Management industry, the median Net Margin % is 85.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Investment Gradeome Fund's current Net Margin % is 96.80%, which is near median its own 10-year median of 97.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Investment Gradeome Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Investment Gradeome Fund (PAI) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.49, compared to a current price of $11.91 — trading 27.8% below its estimated fair value. The current Net Margin % is 96.80%, which is near median its 10-year median of 97.24 and 13.5% above the Asset Management industry median of 85.30. Western Asset Investment Gradeome Fund's overall GF Score™ is 57/100 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 Western Asset Investment Gradeome Fund (PAI), the current Net Margin % is 96.80% as of Dec. 2025. 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 Western Asset Investment Gradeome Fund (PAI) Overvalued in 2026?

Based on GuruFocus' analysis, Western Asset Investment Gradeome Fund stock appears to be undervalued. The current stock price of $11.91 is trading 27.8% below its estimated GF Value™ of $16.49. GuruFocus considers Western Asset Investment Gradeome Fund to be Modestly Undervalued.

Key valuation signals for PAI:

  • Net Margin %: 96.80% (near median its 10-year median of 97.24)
  • GF Value™: $16.49 vs. price of $11.91 (27.8% below fair value)
  • GF Score™: 57/100 with 1 warning sign
  • Industry Position: 13.5% above the Asset Management median (#541 of 1571)

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


Western Asset Investment Gradeome Fund Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Investment Grade Income Fund Inc is a closed-end diversified investment company. Its primary investment objective is to seek a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. To a lesser extent, the fund also invests in privately placed debt securities and in certain equity securities. Capital appreciation is its secondary investment objective. The fund invests a majority of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (NRSROs) or unrated securities of comparable quality at the time of purchase (as determined by the investment adviser).
57GF Score

Get the complete analysis for PAI

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

$11.91
Price
$16.49
GF Value