Adamas TrustADAM +2.76%51 Pretax Margin % is 60.60% as of Mar. 2026, which is 7% below its 10-year median of 65.36. GuruFocus rates ADAM with a GF Score™ of 51/100 and a GF Value™ of $10.59 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 927 REITs companies, Adamas Trust ranks worse than 51.13% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Adamas Trust's Pre-Tax Income for the
three
months ended in Mar. 2026 was $86.7 Mil. Adamas Trust's Revenue for the
three
months ended in Mar. 2026 was $143.1 Mil. Therefore, Adamas Trust's pretax margin for the quarter that ended in Mar. 2026 was 60.60%.
The historical rank and industry rank for Adamas Trust's Pretax Margin % or its related term are showing as below:
ADAM'
s Pretax Margin % Range Over the Past 10 Years
Min: -3913.32 Med: 65.36 Max: 138.45
Current: 46
ADAM's Pretax Margin % is ranked worse than 51.13% of 927
companies
in the REITs industry
Industry Median: 46.93
vs ADAM: 46.00
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Adamas Trust Pretax Margin % Related Terms
Adamas Trust Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Adamas Trust's Pretax 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.
ADAM vs BRSP, PMT, IVR: Pretax Margin % Comparison
For the REIT - Mortgage subindustry, Adamas Trust's Pretax Margin %, along with its competitors' market caps and Pretax 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.
Adamas Trust Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Adamas Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Adamas Trust's Pretax 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.
Adamas Trust (ADAM) has a Pretax Margin % of 60.60% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Adamas Trust and its competitors. This is near median its historical median of 65.36. According to the industry distribution chart, Adamas Trust ranks #474 out of 927 companies in the REITs industry, placing it in the top 51.1%.
Is Adamas Trust's Pretax Margin % too high?
Adamas Trust's current Pretax Margin % of 60.60% is near median its 10-year median of 65.36. The REITs industry median Pretax Margin % is 46.93. Adamas Trust's value of 60.60% is 29.1% above this industry median. Based on the distribution chart, Adamas Trust ranks #474 out of 927 companies in the REITs industry, which is below the industry midpoint. Overall, Adamas Trust has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adamas Trust's Pretax Margin % compare to BRSP and PMT?
According to the REITs industry distribution chart, Adamas Trust ranks #474 out of 927 companies for Pretax Margin %. This places Adamas Trust in the lower half of its industry. The industry median Pretax Margin % is 46.93. Adamas Trust's value of 60.60% is 29.1% above this benchmark. While the company's 10-year median is 65.36 vs. the industry median of 46.93, Adamas Trust 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adamas Trust's current Pretax Margin % of 60.60% is 29.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Adamas Trust and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adamas Trust's current Pretax Margin % is 60.60%, which is near median its own 10-year median of 65.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adamas Trust stock overvalued right now?
Based on GuruFocus' analysis, Adamas Trust (ADAM) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.59, compared to a current price of $9.33 — trading 11.9% below its estimated fair value. The current Pretax Margin % is 60.60%, which is near median its 10-year median of 65.36 and 29.1% above the REITs industry median of 46.93. Adamas Trust's overall GF Score™ is 51/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Adamas Trust (ADAM), the current Pretax Margin % is 60.60% 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 Adamas Trust (ADAM) Overvalued in 2026?
Based on GuruFocus' analysis, Adamas Trust stock appears to be undervalued.
The current stock price of $9.33 is trading 11.9% below its estimated GF Value™ of $10.59.
GuruFocus considers Adamas Trust to be Modestly Undervalued.
Key valuation signals for ADAM:
Pretax Margin %: 60.60% (near median its 10-year median of 65.36)
GF Value™: $10.59 vs. price of $9.33 (11.9% below fair value)
Industry Position: 29.1% above the REITs median (#474 of 927)
No single metric tells the full story. See the ADAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adamas Trust Inc is an internally-managed REIT for U.S. federal income tax purposes, in the business of acquiring, investing in, financing, and managing mainly mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest spread and capital gains from a diversified investment portfolio. The company's investment portfolio includes credit-sensitive single-family and multi-family assets.
51GF Score
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