PraemiumASX:PPS +0.79%73 Pretax Margin % is 21.05% as of Dec. 2025, which is 76% above its 10-year median of 11.98. GuruFocus rates ASX:PPS with a GF Score™ of 73/100 and a GF Value™ of A$0.88 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 774 Capital Markets companies, Praemium ranks worse than 50.9% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Praemium's Pre-Tax Income for the
six
months ended in Dec. 2025 was A$11.8 Mil. Praemium's Revenue for the
six
months ended in Dec. 2025 was A$56.0 Mil. Therefore, Praemium's pretax margin for the quarter that ended in Dec. 2025 was 21.05%.
The historical rank and industry rank for Praemium's Pretax Margin % or its related term are showing as below:
ASX:PPS'
s Pretax Margin % Range Over the Past 10 Years
Min: 5.14 Med: 11.98 Max: 19.51
Current: 19.51
ASX:PPS's Pretax Margin % is ranked worse than 50.9% of 774
companies
in the Capital Markets industry
Industry Median: 20.32
vs ASX:PPS: 19.51
Praemium (ASX:PPS) 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.
Praemium Pretax Margin % Related Terms
Praemium Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Praemium'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.
ASX:PPS vs MS, GS, SCHW: Pretax Margin % Comparison
For the Capital Markets subindustry, Praemium'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.
Praemium Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Praemium's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Praemium'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.
Praemium (ASX:PPS) has a Pretax Margin % of 21.05% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Praemium and its competitors. This is 76% above median its historical median of 11.98. Over the past decade, Praemium's Pretax Margin % has ranged from 5.14 to 19.51. According to the industry distribution chart, Praemium ranks #394 out of 774 companies in the Capital Markets industry, placing it in the top 50.9%.
Is Praemium's Pretax Margin % too high?
Praemium's current Pretax Margin % of 21.05% is 76% above median its 10-year median of 11.98. Over the past 10 years, this metric has ranged from a low of 5.14 to a high of 19.51. The Capital Markets industry median Pretax Margin % is 20.32. Praemium's value of 21.05% is 3.6% above this industry median. Based on the distribution chart, Praemium ranks #394 out of 774 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Praemium has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Praemium's Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Praemium ranks #394 out of 774 companies for Pretax Margin %. This places Praemium in the lower half of its industry. The industry median Pretax Margin % is 20.32. Praemium's value of 21.05% is 3.6% above this benchmark. Historically, Praemium's own Pretax Margin % has ranged from 5.14 to 19.51 over the past decade. While the company's 10-year median is 11.98 vs. the industry median of 20.32, Praemium 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 Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.32, based on 774 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. Praemium's current Pretax Margin % of 21.05% is 3.6% 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 Praemium and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Praemium's current Pretax Margin % is 21.05%, which is 76% above median its own 10-year median of 11.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Praemium stock overvalued right now?
Based on GuruFocus' analysis, Praemium (ASX:PPS) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.88, compared to a current price of A$0.64 — trading 27.8% below its estimated fair value. The current Pretax Margin % is 21.05%, which is 76% above median its 10-year median of 11.98 and 3.6% above the Capital Markets industry median of 20.32. Praemium's overall GF Score™ is 73/100 with 1 warning sign 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 Praemium (ASX:PPS), the current Pretax Margin % is 21.05% 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 Praemium (ASX:PPS) Overvalued in 2026?
Based on GuruFocus' analysis, Praemium stock appears to be undervalued.
The current stock price of A$0.64 is trading 27.8% below its estimated GF Value™ of A$0.88.
GuruFocus considers Praemium to be Modestly Undervalued.
Key valuation signals for ASX:PPS:
Pretax Margin %: 21.05% (76% above median its 10-year median of 11.98)
GF Value™: A$0.88 vs. price of A$0.64 (27.8% below fair value)
Industry Position: 3.6% above the Capital Markets median (#394 of 774)
No single metric tells the full story. See the ASX:PPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Praemium Ltd is a provider of portfolio administration, investment platforms, and financial planning tools to the wealth management industry. Its clients are predominantly firms that provide financial advice to investors, namely financial advisers, brokers, accountants, investment managers, banks, and other financial providers such as superannuation administrators.
73GF Score
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