UnitedsTSX:UNC +0.52%55 Net Margin % is 88.90% as of Mar. 2026, which is 5% above its 10-year median of 84.71. GuruFocus rates TSX:UNC with a GF Score™ of 55/100 and a GF Value™ of C$11.16 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,580 Asset Management companies, Uniteds ranks better than 50.19% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Uniteds's Net Income for the
three
months ended in Mar. 2026 was C$-49.9 Mil. Uniteds's Revenue for the
three
months ended in Mar. 2026 was C$-56.1 Mil. Therefore, Uniteds's net margin for the quarter that ended in Mar. 2026 was 88.90%.
The historical rank and industry rank for Uniteds's Net Margin % or its related term are showing as below:
TSX:UNC'
s Net Margin % Range Over the Past 10 Years
Min: 68.07 Med: 84.71 Max: 106.76
Current: 85.22
TSX:UNC's Net Margin % is ranked better than 50.19% of 1580
companies
in the Asset Management industry
Industry Median: 84.895
vs TSX:UNC: 85.22
Uniteds (TSX:UNC) 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.
Uniteds Net Margin % Related Terms
Uniteds Net Margin % Historical Data
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The historical data trend for Uniteds'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, Uniteds'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.
Uniteds Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Uniteds's Net Margin % distribution charts can be found below:
* The bar in red indicates where Uniteds'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.
Uniteds (TSX:UNC) has a Net Margin % of 88.90% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Uniteds and its competitors. This is near median its historical median of 84.71. Over the past decade, Uniteds' Net Margin % has ranged from 68.07 to 106.76. According to the industry distribution chart, Uniteds ranks #787 out of 1580 companies in the Asset Management industry, placing it in the top 49.8%.
Is Uniteds' Net Margin % too high?
Uniteds' current Net Margin % of 88.90% is near median its 10-year median of 84.71. Over the past 10 years, this metric has ranged from a low of 68.07 to a high of 106.76. The Asset Management industry median Net Margin % is 84.90. Uniteds' value of 88.90% is 4.7% above this industry median. Based on the distribution chart, Uniteds ranks #787 out of 1580 companies in the Asset Management industry, which is above the industry midpoint. Overall, Uniteds has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Uniteds' Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Uniteds ranks #787 out of 1580 companies for Net Margin %. This puts Uniteds in the upper half of its industry. The industry median Net Margin % is 84.90. Uniteds' value of 88.90% is 4.7% above this benchmark. Historically, Uniteds' own Net Margin % has ranged from 68.07 to 106.76 over the past decade. While the company's 10-year median is 84.71 vs. the industry median of 84.90, Uniteds 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 1,580 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. Uniteds's current Net Margin % of 88.90% is 4.7% 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 Uniteds 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. Uniteds's current Net Margin % is 88.90%, which is near median its own 10-year median of 84.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Uniteds stock overvalued right now?
Based on GuruFocus' analysis, Uniteds (TSX:UNC) is currently considered Significantly Overvalued. The stock's GF Value™ is C$11.16, compared to a current price of C$15.33 — trading 37.4% above its estimated fair value. The current Net Margin % is 88.90%, which is near median its 10-year median of 84.71 and 4.7% above the Asset Management industry median of 84.90. Uniteds' overall GF Score™ is 55/100 with 3 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 Uniteds (TSX:UNC), the current Net Margin % is 88.90% 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 Uniteds (TSX:UNC) Overvalued in 2026?
Based on GuruFocus' analysis, Uniteds stock appears to be overvalued.
The current stock price of C$15.33 is trading 37.4% above its estimated GF Value™ of C$11.16.
GuruFocus considers Uniteds to be Significantly Overvalued.
Key valuation signals for TSX:UNC:
Net Margin %: 88.90% (near median its 10-year median of 84.71)
GF Value™: C$11.16 vs. price of C$15.33 (37.4% above fair value)
Industry Position: 4.7% above the Asset Management median (#787 of 1580)
No single metric tells the full story. See the TSX:UNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Corporations Ltd is a closed-end investment company. Its investment objective is to earn an above-average rate of return through long-term capital appreciation and dividend income. The investment portfolio of the company comprises mainly foreign equities. It seeks long-term growth through investments in common equities cause management believes that in the long term common equities will outperform fixed-income instruments or balanced funds. The company invests in the United States, Europe, United Kingdom, Canada, Australia and Japan.
55GF Score
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