Liberty All Star Growth FundASG +0.19%36 Pretax Margin % is 94.98% as of Dec. 2025, which is 3% below its 10-year median of 98.17. GuruFocus rates ASG with a GF Score™ of 36/100 and a GF Value™ of $1.61 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,579 Asset Management companies, Liberty All Star Growth Fund ranks better than 53.07% on this metric.
The historical rank and industry rank for Liberty All Star Growth Fund's Pretax Margin % or its related term are showing as below:
ASG'
s Pretax Margin % Range Over the Past 10 Years
Min: 92.34 Med: 98.17 Max: 116.89
Current: 92.34
ASG's Pretax Margin % is ranked better than 53.07% of 1579
companies
in the Asset Management industry
Industry Median: 89.43
vs ASG: 92.34
Liberty All Star Growth Fund (NYSE:ASG) Pretax Margin % Explanation
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.
Liberty All Star Growth Fund Pretax Margin % Related Terms
Liberty All Star Growth Fund Pretax 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.
Liberty All Star Growth Fund Pretax Margin % Chart
For the Asset Management subindustry, Liberty All Star Growth Fund'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.
Liberty All Star Growth Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Liberty All Star Growth Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Liberty All Star Growth Fund'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.
Liberty All Star Growth Fund (ASG) has a Pretax Margin % of 94.98% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Liberty All Star Growth Fund and its competitors. This is near median its historical median of 98.17. Over the past decade, Liberty All Star Growth Fund's Pretax Margin % has ranged from 92.34 to 116.89. According to the industry distribution chart, Liberty All Star Growth Fund ranks #741 out of 1579 companies in the Asset Management industry, placing it in the top 46.9%.
Is Liberty All Star Growth Fund's Pretax Margin % too high?
Liberty All Star Growth Fund's current Pretax Margin % of 94.98% is near median its 10-year median of 98.17. Over the past 10 years, this metric has ranged from a low of 92.34 to a high of 116.89. The Asset Management industry median Pretax Margin % is 89.43. Liberty All Star Growth Fund's value of 94.98% is 6.2% above this industry median. Based on the distribution chart, Liberty All Star Growth Fund ranks #741 out of 1579 companies in the Asset Management industry, which is above the industry midpoint. Overall, Liberty All Star Growth Fund has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liberty All Star Growth Fund's Pretax Margin % compare to JOF and CION?
According to the Asset Management industry distribution chart, Liberty All Star Growth Fund ranks #741 out of 1579 companies for Pretax Margin %. This puts Liberty All Star Growth Fund in the upper half of its industry. The industry median Pretax Margin % is 89.43. Liberty All Star Growth Fund's value of 94.98% is 6.2% above this benchmark. Historically, Liberty All Star Growth Fund's own Pretax Margin % has ranged from 92.34 to 116.89 over the past decade. While the company's 10-year median is 98.17 vs. the industry median of 89.43, Liberty All Star Growth Fund 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 an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.43, based on 1,579 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. Liberty All Star Growth Fund's current Pretax Margin % of 94.98% is 6.2% 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 Liberty All Star Growth Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty All Star Growth Fund's current Pretax Margin % is 94.98%, which is near median its own 10-year median of 98.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty All Star Growth Fund stock overvalued right now?
Based on GuruFocus' analysis, Liberty All Star Growth Fund (ASG) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.61, compared to a current price of $5.32 — trading 230.4% above its estimated fair value. The current Pretax Margin % is 94.98%, which is near median its 10-year median of 98.17 and 6.2% above the Asset Management industry median of 89.43. Liberty All Star Growth Fund's overall GF Score™ is 36/100 with 5 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 Liberty All Star Growth Fund (ASG), the current Pretax Margin % is 94.98% 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 Liberty All Star Growth Fund (ASG) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty All Star Growth Fund stock appears to be overvalued.
The current stock price of $5.32 is trading 230.4% above its estimated GF Value™ of $1.61.
GuruFocus considers Liberty All Star Growth Fund to be Significantly Overvalued.
Key valuation signals for ASG:
Pretax Margin %: 94.98% (near median its 10-year median of 98.17)
GF Value™: $1.61 vs. price of $5.32 (230.4% above fair value)
Industry Position: 6.2% above the Asset Management median (#741 of 1579)
No single metric tells the full story. See the ASG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty All Star Growth Fund Inc is the United States based diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment in a diversified portfolio of equity securities. The company's portfolio of investments consists of different industries such as consumer discretionary, consumer staples, healthcare, industrial, information technology and others.
36GF Score
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