Partners Group Holding AGXSWX:PGHN +0.74%80 Net Margin % is 50.88% as of Dec. 2025, which is 11% below its 10-year median of 57.34. GuruFocus rates XSWX:PGHN with a GF Score™ of 80/100 and a GF Value™ of CHF1,369.94 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,576 Asset Management companies, Partners Group Holding AG ranks worse than 62.69% on this metric.
The historical rank and industry rank for Partners Group Holding AG's Net Margin % or its related term are showing as below:
XSWX:PGHN'
s Net Margin % Range Over the Past 10 Years
Min: 51.22 Med: 57.34 Max: 61.97
Current: 51.22
XSWX:PGHN's Net Margin % is ranked worse than 62.69% of 1576
companies
in the Asset Management industry
Industry Median: 84.895
vs XSWX:PGHN: 51.22
Partners Group Holding AG (XSWX:PGHN) 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.
Partners Group Holding AG Net Margin % Related Terms
Partners Group Holding AG 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.
XSWX:PGHN vs BLK, BX, KKR: Net Margin % Comparison
For the Asset Management subindustry, Partners Group Holding AG'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.
Partners Group Holding AG Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Net Margin % distribution charts can be found below:
* The bar in red indicates where Partners Group Holding AG'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.
Partners Group Holding AG (XSWX:PGHN) has a Net Margin % of 50.88% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Partners Group Holding AG and its competitors. This is 11% below median its historical median of 57.34. Over the past decade, Partners Group Holding AG's Net Margin % has ranged from 51.22 to 61.97. According to the industry distribution chart, Partners Group Holding AG ranks #988 out of 1576 companies in the Asset Management industry, placing it in the top 62.7%.
Is Partners Group Holding AG's Net Margin % too high?
Partners Group Holding AG's current Net Margin % of 50.88% is 11% below median its 10-year median of 57.34. Over the past 10 years, this metric has ranged from a low of 51.22 to a high of 61.97. The Asset Management industry median Net Margin % is 84.90. Partners Group Holding AG's value of 50.88% is 40.1% below this industry median. Based on the distribution chart, Partners Group Holding AG ranks #988 out of 1576 companies in the Asset Management industry, which is below the industry midpoint. Overall, Partners Group Holding AG has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #988 out of 1576 companies for Net Margin %. This places Partners Group Holding AG in the lower half of its industry. The industry median Net Margin % is 84.90. Partners Group Holding AG's value of 50.88% is 40.1% below this benchmark. Historically, Partners Group Holding AG's own Net Margin % has ranged from 51.22 to 61.97 over the past decade. While the company's 10-year median is 57.34 vs. the industry median of 84.90, Partners Group Holding AG 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 84.90, 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. Partners Group Holding AG's current Net Margin % of 50.88% is 40.1% 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 Partners Group Holding AG 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. Partners Group Holding AG's current Net Margin % is 50.88%, which is 11% below median its own 10-year median of 57.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (XSWX:PGHN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF1,369.94, compared to a current price of CHF651.80 — trading 52.4% below its estimated fair value. The current Net Margin % is 50.88%, which is 11% below median its 10-year median of 57.34 and 40.1% below the Asset Management industry median of 84.90. Partners Group Holding AG's overall GF Score™ is 80/100 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 Partners Group Holding AG (XSWX:PGHN), the current Net Margin % is 50.88% 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 Partners Group Holding AG (XSWX:PGHN) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of CHF651.80 is trading 52.4% below its estimated GF Value™ of CHF1,369.94.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for XSWX:PGHN:
Net Margin %: 50.88% (11% below median its 10-year median of 57.34)
GF Value™: CHF1,369.94 vs. price of CHF651.80 (52.4% below fair value)
Industry Position: 40.1% below the Asset Management median (#988 of 1576)
No single metric tells the full story. See the XSWX:PGHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
80GF Score
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