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Pengana Capital GroupASX:PCG -0.69%24 Pretax Margin % is 86.32% as of Dec. 2025, which is 14% below its 10-year median of 99.95. GuruFocus rates ASX:PCG with a GF Score™ of 24/100 and a GF Value™ of A$0.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,568 Asset Management companies, Pengana Capital Group ranks better than 74.49% on this metric.
Pengana Capital Group (ASX:PCG) 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.
Pengana Capital Group Pretax Margin % Related Terms
Pengana Capital Group Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Pengana Capital Group'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.
Pengana Capital Group Pretax Margin % Chart
Pengana Capital Group Annual Data
Trend
Jun25
Pretax Margin %
99.95
Pengana Capital Group Semi-Annual Data
Dec24
Jun25
Dec25
Pretax Margin %
82.48
114.08
86.32
ASX:PCG vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Pengana Capital Group'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.
Pengana Capital Group Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Pengana Capital Group'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.
Pengana Capital Group (ASX:PCG) has a Pretax Margin % of 86.32% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pengana Capital Group and its competitors. This is 14% below median its historical median of 99.95. Over the past decade, Pengana Capital Group's Pretax Margin % has ranged from 98.98 to 99.95. According to the industry distribution chart, Pengana Capital Group ranks #400 out of 1568 companies in the Asset Management industry, placing it in the top 25.5%.
Is Pengana Capital Group's Pretax Margin % too high?
Pengana Capital Group's current Pretax Margin % of 86.32% is 14% below median its 10-year median of 99.95. Over the past 10 years, this metric has ranged from a low of 98.98 to a high of 99.95. The Asset Management industry median Pretax Margin % is 90.34. Pengana Capital Group's value of 86.32% is 4.4% below this industry median. Based on the distribution chart, Pengana Capital Group ranks #400 out of 1568 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pengana Capital Group has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #400 out of 1568 companies for Pretax Margin %. This puts Pengana Capital Group in the upper half of its industry. The industry median Pretax Margin % is 90.34. Pengana Capital Group's value of 86.32% is 4.4% below this benchmark. Historically, Pengana Capital Group's own Pretax Margin % has ranged from 98.98 to 99.95 over the past decade. While the company's 10-year median is 99.95 vs. the industry median of 90.34, Pengana Capital Group 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 90.34, based on 1,568 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. Pengana Capital Group's current Pretax Margin % of 86.32% is 4.4% 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 Pengana Capital Group and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pengana Capital Group's current Pretax Margin % is 86.32%, which is 14% below median its own 10-year median of 99.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.34, compared to a current price of A$0.72 — trading 111.8% above its estimated fair value. The current Pretax Margin % is 86.32%, which is 14% below median its 10-year median of 99.95 and 4.4% below the Asset Management industry median of 90.34. Pengana Capital Group's overall GF Score™ is 24/100 with 3 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 Pengana Capital Group (ASX:PCG), the current Pretax Margin % is 86.32% 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 Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.72 is trading 111.8% above its estimated GF Value™ of A$0.34.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
Pretax Margin %: 86.32% (14% below median its 10-year median of 99.95)
GF Value™: A$0.34 vs. price of A$0.72 (111.8% above fair value)
Industry Position: 4.4% below the Asset Management median (#400 of 1568)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
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