Morphic Ethical Equity FundASX:MEC 40 Pretax Margin % is 74.35% as of Dec. 2025, which is 1% below its 10-year median of 75.32. GuruFocus rates ASX:MEC with a GF Score™ of 40/100 and a GF Value™ of A$0.78 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,571 Asset Management companies, Morphic Ethical Equity Fund ranks worse than 56.27% on this metric.
The historical rank and industry rank for Morphic Ethical Equity Fund's Pretax Margin % or its related term are showing as below:
ASX:MEC'
s Pretax Margin % Range Over the Past 10 Years
Min: -1258.16 Med: 75.32 Max: 91.97
Current: 81.55
ASX:MEC's Pretax Margin % is ranked worse than 56.27% of 1571
companies
in the Asset Management industry
Industry Median: 89.59
vs ASX:MEC: 81.55
Morphic Ethical Equity Fund (ASX:MEC) 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.
Morphic Ethical Equity Fund Pretax Margin % Related Terms
Morphic Ethical Equity 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.
ASX:MEC vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Morphic Ethical Equity 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.
Morphic Ethical Equity Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morphic Ethical Equity Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Morphic Ethical Equity 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.
Morphic Ethical Equity Fund (ASX:MEC) has a Pretax Margin % of 74.35% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Morphic Ethical Equity Fund and its competitors. This is near median its historical median of 75.32. According to the industry distribution chart, Morphic Ethical Equity Fund ranks #884 out of 1571 companies in the Asset Management industry, placing it in the top 56.3%.
Is Morphic Ethical Equity Fund's Pretax Margin % too high?
Morphic Ethical Equity Fund's current Pretax Margin % of 74.35% is near median its 10-year median of 75.32. The Asset Management industry median Pretax Margin % is 89.59. Morphic Ethical Equity Fund's value of 74.35% is 17% below this industry median. Based on the distribution chart, Morphic Ethical Equity Fund ranks #884 out of 1571 companies in the Asset Management industry, which is below the industry midpoint. Overall, Morphic Ethical Equity Fund has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morphic Ethical Equity Fund's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Morphic Ethical Equity Fund ranks #884 out of 1571 companies for Pretax Margin %. This places Morphic Ethical Equity Fund in the lower half of its industry. The industry median Pretax Margin % is 89.59. Morphic Ethical Equity Fund's value of 74.35% is 17% below this benchmark. While the company's 10-year median is 75.32 vs. the industry median of 89.59, Morphic Ethical Equity Fund 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.59, based on 1,571 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. Morphic Ethical Equity Fund's current Pretax Margin % of 74.35% is 17% 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 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 Morphic Ethical Equity Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morphic Ethical Equity Fund's current Pretax Margin % is 74.35%, which is near median its own 10-year median of 75.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morphic Ethical Equity Fund stock overvalued right now?
Based on GuruFocus' analysis, Morphic Ethical Equity Fund (ASX:MEC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.78, compared to a current price of A$1.34 — trading 71.2% above its estimated fair value. The current Pretax Margin % is 74.35%, which is near median its 10-year median of 75.32 and 17% below the Asset Management industry median of 89.59. Morphic Ethical Equity Fund's overall GF Score™ is 40/100 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 Morphic Ethical Equity Fund (ASX:MEC), the current Pretax Margin % is 74.35% 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 Morphic Ethical Equity Fund (ASX:MEC) Overvalued in 2026?
Based on GuruFocus' analysis, Morphic Ethical Equity Fund stock appears to be overvalued.
The current stock price of A$1.34 is trading 71.2% above its estimated GF Value™ of A$0.78.
GuruFocus considers Morphic Ethical Equity Fund to be Significantly Overvalued.
Key valuation signals for ASX:MEC:
Pretax Margin %: 74.35% (near median its 10-year median of 75.32)
GF Value™: A$0.78 vs. price of A$1.34 (71.2% above fair value)
Industry Position: 17% below the Asset Management median (#884 of 1571)
No single metric tells the full story. See the ASX:MEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morphic Ethical Equity Fund Ltd is an investment company. Its investment objective is to provide superior risk-adjusted returns to shareholders, comprising a combination of capital growth and income, thus allowing franked dividends to be paid to shareholders when prudent, and provided the company has sufficient profit reserves and franking credits available. The company invests in a portfolio of internationally listed securities screened to exclude entities involved in environmentally damaging activities (including coal and uranium, mining and oil and gas), intensive farming and aquaculture, tobacco, armaments, alcohol, and gambling. It earns revenue from dividend income, interest income, and other returns from the investment portfolio.
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