Associate Global Partners (ASX:APL) Pre-Tax Income: A$0.21 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:APL Associate Global Partners Ltd ASX:APL
28 GF Score
Price A$0.27
GF Value A$0.18
Valuation Significantly Overvalued
View Full Analysis

What is Associate Global Partners Pre-Tax Income?

Associate Global Partners ASX:APL 28 Pre-Tax Income is A$0.21 Mil as of Dec. 2025. GuruFocus rates ASX:APL with a GF Score™ of 28/100 and a GF Value™ of A$0.18 (Significantly Overvalued).

Pretax income is the income that a company earns before paying income taxes. Associate Global Partners's pretax income for the six months ended in Dec. 2025 was A$-0.03 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.21 Mil. Associate Global Partners's pretax margin was -0.93%.

During the past 13 years, Associate Global Partners's highest Pretax Margin was 146.28%. The lowest was -1428.57%. And the median was -24.35%.


Associate Global Partners  (ASX:APL) Pre-Tax Income Explanation

Associate Global Partners's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pretax Income/Revenue
=-0.032/3.433
=-0.93%

During the past 13 years, Associate Global Partners's highest Pretax Margin was 146.28%. The lowest was -1428.57%. And the median was -24.35%.

* 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.


Associate Global Partners Pre-Tax Income Related Terms


Associate Global Partners Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Associate Global Partners's Pre-Tax Income 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.

Associate Global Partners Pre-Tax Income Chart

Associate Global Partners Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.80 -0.64 -1.99 -0.80 -0.17

Associate Global Partners Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pre-Tax Income 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 Premium Member Only Premium Member Only Premium Member Only -0.33 -0.46 -0.41 0.24 -0.03

ASX:APL vs BLK, BX, KKR: Pre-Tax Income Comparison

For the Asset Management subindustry, Associate Global Partners's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Associate Global Partners Pre-Tax Income vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Associate Global Partners's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Associate Global Partners's Pre-Tax Income falls into.


ASX:APL
28GF Score
Associate Global Partners Ltd ASX:APL
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associate Global Partners Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Associate Global Partners's Pretax Income for the fiscal year that ended in Jun. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+-0.171
=-0.17

Associate Global Partners's Pretax Income for the quarter that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+-0.032
=-0.03

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.21 Mil.

* 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 Pre-Tax Income →
What does a Pre-Tax Income of A$0.21 Mil mean?
Associate Global Partners (ASX:APL) has a Pre-Tax Income of A$0.21 Mil as of Dec. 2025. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Associate Global Partners and its competitors.
Is Associate Global Partners' Pre-Tax Income too high?
Associate Global Partners' current Pre-Tax Income is A$0.21 Mil. Overall, Associate Global Partners has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Associate Global Partners' Pre-Tax Income compare to BLK and BX?
Associate Global Partners' Pre-Tax Income of A$0.21 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Asset Management company?
A good Pre-Tax Income depends on the Asset Management industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Associate Global Partners and its competitors. Associate Global Partners's current Pre-Tax Income is A$0.21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associate Global Partners stock overvalued right now?
Based on GuruFocus' analysis, Associate Global Partners (ASX:APL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.18, compared to a current price of A$0.27 — trading 47.2% above its estimated fair value. The current Pre-Tax Income is A$0.21 Mil. Associate Global Partners' overall GF Score™ is 28/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Associate Global Partners (ASX:APL), the current Pre-Tax Income is A$0.21 Mil 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 Associate Global Partners (ASX:APL) Overvalued in 2026?

Based on GuruFocus' analysis, Associate Global Partners stock appears to be overvalued. The current stock price of A$0.27 is trading 47.2% above its estimated GF Value™ of A$0.18. GuruFocus considers Associate Global Partners to be Significantly Overvalued.

Key valuation signals for ASX:APL:

  • Pre-Tax Income: A$0.21 Mil
  • GF Value™: A$0.18 vs. price of A$0.27 (47.2% above fair value)
  • GF Score™: 28/100

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


Associate Global Partners Business Description

Address 2 Chifley Square, Level 12, Sydney, NSW, AUS, 2000
Associate Global Partners Ltd is an independent, multi-boutique asset management firm. It has developed a distribution platform that provides investment managers with an end-to-end distribution solution that promotes their brand and grows funds under management (FUM).
28GF Score

Get the complete analysis for ASX:APL

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.27
Price
A$0.18
GF Value