PerpetualPPTTF +7.02%70 Operating Margin % is 10.95% as of Dec. 2025, which is 53% below its 10-year median of 23.38. GuruFocus rates PPTTF with a GF Score™ of 70/100 and a GF Value™ of $15.37 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 657 Asset Management companies, Perpetual ranks worse than 55.86% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Perpetual's Operating Income for the
six
months ended in Dec. 2025 was $49.6 Mil. Perpetual's Revenue for the
six
months ended in Dec. 2025 was $453.1 Mil. Therefore, Perpetual's Operating Margin % for the quarter that ended in Dec. 2025 was 10.95%.
Warning Sign:
Perpetual Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -21.8%.
The historical rank and industry rank for Perpetual's Operating Margin % or its related term are showing as below:
PPTTF'
s Operating Margin % Range Over the Past 10 Years
Min: 7.73 Med: 23.38 Max: 34.75
Current: 10.17
PPTTF's Operating Margin % is ranked worse than 55.86% of 657
companies
in the Asset Management industry
Industry Median: 16.85
vs PPTTF: 10.17
Perpetual's 5-Year Average Operating Margin % Growth Rate was -21.80% per year.
Perpetual's Operating Income for the
six
months ended in Dec. 2025 was $49.6 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $90.7 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Perpetual Operating Margin % Related Terms
Perpetual Operating Margin % Historical Data
* Premium members only.
The historical data trend for Perpetual's Operating 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.
PPTTF vs BLK, BX, KKR: Operating Margin % Comparison
For the Asset Management subindustry, Perpetual's Operating Margin %, along with its competitors' market caps and Operating 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.
Perpetual Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Perpetual's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Perpetual's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Perpetual's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Perpetual (PPTTF) has a Operating Margin % of 10.95% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Perpetual and its competitors. This is 53% below median its historical median of 23.38. Over the past decade, Perpetual's Operating Margin % has ranged from 7.73 to 34.75. According to the industry distribution chart, Perpetual ranks #367 out of 657 companies in the Asset Management industry, placing it in the top 55.9%.
Is Perpetual's Operating Margin % too high?
Perpetual's current Operating Margin % of 10.95% is 53% below median its 10-year median of 23.38. Over the past 10 years, this metric has ranged from a low of 7.73 to a high of 34.75. The Asset Management industry median Operating Margin % is 16.85. Perpetual's value of 10.95% is 35% below this industry median. Based on the distribution chart, Perpetual ranks #367 out of 657 companies in the Asset Management industry, which is below the industry midpoint. Overall, Perpetual has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perpetual's Operating Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Perpetual ranks #367 out of 657 companies for Operating Margin %. This places Perpetual in the lower half of its industry. The industry median Operating Margin % is 16.85. Perpetual's value of 10.95% is 35% below this benchmark. Historically, Perpetual's own Operating Margin % has ranged from 7.73 to 34.75 over the past decade. While the company's 10-year median is 23.38 vs. the industry median of 16.85, Perpetual 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 Operating Margin % for an Asset Management company?
The median Operating Margin % among Asset Management companies is 16.85, based on 657 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Perpetual's current Operating Margin % of 10.95% is 35% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Perpetual and its competitors. For the Asset Management industry, the median Operating Margin % is 16.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perpetual's current Operating Margin % is 10.95%, which is 53% below median its own 10-year median of 23.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perpetual stock overvalued right now?
Based on GuruFocus' analysis, Perpetual (PPTTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.37, compared to a current price of $12.20 — trading 20.6% below its estimated fair value. The current Operating Margin % is 10.95%, which is 53% below median its 10-year median of 23.38 and 35% below the Asset Management industry median of 16.85. Perpetual's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Perpetual (PPTTF), the current Operating Margin % is 10.95% 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 Perpetual (PPTTF) Overvalued in 2026?
Based on GuruFocus' analysis, Perpetual stock appears to be undervalued.
The current stock price of $12.20 is trading 20.6% below its estimated GF Value™ of $15.37.
GuruFocus considers Perpetual to be Modestly Undervalued.
Key valuation signals for PPTTF:
Operating Margin %: 10.95% (53% below median its 10-year median of 23.38)
GF Value™: $15.37 vs. price of $12.20 (20.6% below fair value)
Industry Position: 35% below the Asset Management median (#367 of 657)
No single metric tells the full story. See the PPTTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Perpetual is one of Australia's oldest financial-services firms, founded in 1886. It has three operating segments, with the investments business being the main earnings generator. It is an active manager of listed assets. Perpetual also provides financial planning services to high-net-worth clients via its private wealth segment, though this business is currently being sold. In its trust segment, it provides outsourced responsible entity services to funds, as well as custodial and trustee services in the debt capital markets, particularly in securitization issuances.
70GF Score
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