MSD (Morgan Stanley Emerg Mkts Debt Fd) Pre-Tax Income: $21.13 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.

MSD Morgan Stanley Emerg Mkts Debt Fd Inc MSD
58 GF Score
Price $7.28
GF Value $9.63
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Morgan Stanley Emerg Mkts Debt Fd Pre-Tax Income?

Morgan Stanley Emerg Mkts Debt Fd MSD +0.28% 58 Pre-Tax Income is $21.13 Mil as of Dec. 2025. GuruFocus rates MSD with a GF Score™ of 58/100 and a GF Value™ of $9.63 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Morgan Stanley Emerg Mkts Debt Fd's pretax income for the six months ended in Dec. 2025 was $13.84 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2025 was $21.13 Mil. Morgan Stanley Emerg Mkts Debt Fd's pretax margin was 97.81%.

During the past 9 years, Morgan Stanley Emerg Mkts Debt Fd's highest Pretax Margin was 109.08%. The lowest was 95.89%. And the median was 98.33%.


Morgan Stanley Emerg Mkts Debt Fd  (NYSE:MSD) Pre-Tax Income Explanation

Morgan Stanley Emerg Mkts Debt Fd's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pretax Income/Revenue
=13.838/14.148
=97.81%

During the past 9 years, Morgan Stanley Emerg Mkts Debt Fd's highest Pretax Margin was 109.08%. The lowest was 95.89%. And the median was 98.33%.

* 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.


Morgan Stanley Emerg Mkts Debt Fd Pre-Tax Income Related Terms


Morgan Stanley Emerg Mkts Debt Fd Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Morgan Stanley Emerg Mkts Debt Fd'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.

Morgan Stanley Emerg Mkts Debt Fd Pre-Tax Income Chart

Morgan Stanley Emerg Mkts Debt Fd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only -4.63 -37.59 16.99 16.37 21.13

Morgan Stanley Emerg Mkts Debt Fd Semi-Annual Data
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 10.67 7.44 8.93 7.29 13.84

MSD vs PFD, PIM, MHF: Pre-Tax Income Comparison

For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt Fd'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.


Morgan Stanley Emerg Mkts Debt Fd Pre-Tax Income vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Emerg Mkts Debt Fd's Pre-Tax Income falls into.


MSD
58GF Score
Morgan Stanley Emerg Mkts Debt Fd Inc MSD
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morgan Stanley Emerg Mkts Debt Fd Pre-Tax Income Calculation

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

Morgan Stanley Emerg Mkts Debt Fd's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+21.131
=21.13

Morgan Stanley Emerg Mkts Debt Fd's Pretax Income for the quarter that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+13.838
=13.84

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 $21.13 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 $21.13 Mil mean?
Morgan Stanley Emerg Mkts Debt Fd (MSD) has a Pre-Tax Income of $21.13 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 Morgan Stanley Emerg Mkts Debt Fd and its competitors.
Is Morgan Stanley Emerg Mkts Debt Fd's Pre-Tax Income too high?
Morgan Stanley Emerg Mkts Debt Fd's current Pre-Tax Income is $21.13 Mil. Overall, Morgan Stanley Emerg Mkts Debt Fd has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley Emerg Mkts Debt Fd's Pre-Tax Income compare to PFD and PIM?
Morgan Stanley Emerg Mkts Debt Fd's Pre-Tax Income of $21.13 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 Morgan Stanley Emerg Mkts Debt Fd and its competitors. Morgan Stanley Emerg Mkts Debt Fd's current Pre-Tax Income is $21.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley Emerg Mkts Debt Fd stock overvalued right now?
Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd (MSD) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.63, compared to a current price of $7.28 — trading 24.4% below its estimated fair value. The current Pre-Tax Income is $21.13 Mil. Morgan Stanley Emerg Mkts Debt Fd's overall GF Score™ is 58/100 with 2 warning signs to review. 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 Morgan Stanley Emerg Mkts Debt Fd (MSD), the current Pre-Tax Income is $21.13 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 Morgan Stanley Emerg Mkts Debt Fd (MSD) Overvalued in 2026?

Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd stock appears to be undervalued. The current stock price of $7.28 is trading 24.4% below its estimated GF Value™ of $9.63. GuruFocus considers Morgan Stanley Emerg Mkts Debt Fd to be Modestly Undervalued.

Key valuation signals for MSD:

  • Pre-Tax Income: $21.13 Mil
  • GF Value™: $9.63 vs. price of $7.28 (24.4% below fair value)
  • GF Score™: 58/100 with 2 warning signs

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


Morgan Stanley Emerg Mkts Debt Fd Business Description

Address 1585 Broadway, New York, NY, USA, 10036
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
58GF Score

Get the complete analysis for MSD

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

$7.28
Price
$9.63
GF Value