Sprott Physical Gold TrustTSX:PHYS 50 Net Margin % is 99.87% as of Mar. 2026, which is 0% above its 10-year median of 99.68. GuruFocus rates TSX:PHYS with a GF Score™ of 50/100 and a GF Value™ of C$97.05. The stock has 2 warning signs investors should review. Among 1,576 Asset Management companies, Sprott Physical Gold Trust ranks better than 84.07% on this metric.
The historical rank and industry rank for Sprott Physical Gold Trust's Net Margin % or its related term are showing as below:
TSX:PHYS'
s Net Margin % Range Over the Past 10 Years
Min: 98.29 Med: 99.68 Max: 104.48
Current: 99.87
TSX:PHYS's Net Margin % is ranked better than 84.07% of 1576
companies
in the Asset Management industry
Industry Median: 84.895
vs TSX:PHYS: 99.87
Sprott Physical Gold Trust (TSX:PHYS) 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.
Sprott Physical Gold Trust Net Margin % Related Terms
Sprott Physical Gold Trust Net Margin % Historical Data
* 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, Sprott Physical Gold 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.
Sprott Physical Gold Trust Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Physical Gold Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where Sprott Physical Gold Trust'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.
Sprott Physical Gold Trust (TSX:PHYS) has a Net Margin % of 99.87% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Sprott Physical Gold Trust and its competitors. This is near median its historical median of 99.68. Over the past decade, Sprott Physical Gold Trust's Net Margin % has ranged from 98.29 to 104.48. According to the industry distribution chart, Sprott Physical Gold Trust ranks #251 out of 1576 companies in the Asset Management industry, placing it in the top 15.9%.
Is Sprott Physical Gold Trust's Net Margin % too high?
Sprott Physical Gold Trust's current Net Margin % of 99.87% is near median its 10-year median of 99.68. Over the past 10 years, this metric has ranged from a low of 98.29 to a high of 104.48. The Asset Management industry median Net Margin % is 84.90. Sprott Physical Gold Trust's value of 99.87% is 17.6% above this industry median. Based on the distribution chart, Sprott Physical Gold Trust ranks #251 out of 1576 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Sprott Physical Gold Trust has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Gold Trust's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Sprott Physical Gold Trust ranks #251 out of 1576 companies for Net Margin %. This places Sprott Physical Gold Trust in the top 16% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.90. Sprott Physical Gold Trust's value of 99.87% is 17.6% above this benchmark. Historically, Sprott Physical Gold Trust's own Net Margin % has ranged from 98.29 to 104.48 over the past decade. While the company's 10-year median is 99.68 vs. the industry median of 84.90, Sprott Physical Gold 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. Sprott Physical Gold Trust's current Net Margin % of 99.87% is 17.6% 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 Sprott Physical Gold 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. Sprott Physical Gold Trust's current Net Margin % is 99.87%, which is near median its own 10-year median of 99.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Gold Trust stock overvalued right now?
Sprott Physical Gold Trust (TSX:PHYS) has a current Net Margin % of 99.87%. The stock's GF Value™ is C$97.05, compared to a current price of C$42.69 — trading 56% below its estimated fair value. The current Net Margin % is 99.87%, which is near median its 10-year median of 99.68 and 17.6% above the Asset Management industry median of 84.90. Sprott Physical Gold Trust's overall GF Score™ is 50/100 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 Sprott Physical Gold Trust (TSX:PHYS), the current Net Margin % is 99.87% 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 Sprott Physical Gold Trust (TSX:PHYS) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Physical Gold Trust stock appears to be undervalued.
The current stock price of C$42.69 is trading 56% below its estimated GF Value™ of C$97.05.
Key valuation signals for TSX:PHYS:
Net Margin %: 99.87% (near median its 10-year median of 99.68)
GF Value™: C$97.05 vs. price of C$42.69 (56% below fair value)
Industry Position: 17.6% above the Asset Management median (#251 of 1576)
No single metric tells the full story. See the TSX:PHYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Physical Gold Trust is a closed-end mutual fund trust. The company provides a secure, convenient and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience associated with direct investment in physical gold bullion. The company invests mainly in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not and will not speculate about short-term changes in gold prices.
50GF Score
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