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Spheria Emerging CoASX:SEC -0.43%53 Pretax Margin % is 95.01% as of Dec. 2025, which is 1% above its 10-year median of 93.74. GuruFocus rates ASX:SEC with a GF Score™ of 53/100 and a GF Value™ of A$3.51 (Significantly Undervalued). Among 1,568 Asset Management companies, Spheria Emerging Co ranks better than 52.68% on this metric.
Spheria Emerging Co (ASX:SEC) 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.
Spheria Emerging Co Pretax Margin % Related Terms
Spheria Emerging Co Pretax Margin % Historical Data
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The historical data trend for Spheria Emerging Co'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:SEC vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Spheria Emerging Co'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.
Spheria Emerging Co Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Spheria Emerging Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Spheria Emerging Co'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.
Spheria Emerging Co (ASX:SEC) has a Pretax Margin % of 95.01% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Spheria Emerging Co and its competitors. This is near median its historical median of 93.74. Over the past decade, Spheria Emerging Co's Pretax Margin % has ranged from 58.22 to 109.75. According to the industry distribution chart, Spheria Emerging Co ranks #742 out of 1568 companies in the Asset Management industry, placing it in the top 47.3%.
Is Spheria Emerging Co's Pretax Margin % too high?
Spheria Emerging Co's current Pretax Margin % of 95.01% is near median its 10-year median of 93.74. Over the past 10 years, this metric has ranged from a low of 58.22 to a high of 109.75. The Asset Management industry median Pretax Margin % is 90.34. Spheria Emerging Co's value of 95.01% is 5.2% above this industry median. Based on the distribution chart, Spheria Emerging Co ranks #742 out of 1568 companies in the Asset Management industry, which is above the industry midpoint. Overall, Spheria Emerging Co has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spheria Emerging Co's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Spheria Emerging Co ranks #742 out of 1568 companies for Pretax Margin %. This puts Spheria Emerging Co in the upper half of its industry. The industry median Pretax Margin % is 90.34. Spheria Emerging Co's value of 95.01% is 5.2% above this benchmark. Historically, Spheria Emerging Co's own Pretax Margin % has ranged from 58.22 to 109.75 over the past decade. While the company's 10-year median is 93.74 vs. the industry median of 90.34, Spheria Emerging Co 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 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. Spheria Emerging Co's current Pretax Margin % of 95.01% is 5.2% 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 Spheria Emerging Co 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. Spheria Emerging Co's current Pretax Margin % is 95.01%, which is near median its own 10-year median of 93.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spheria Emerging Co stock overvalued right now?
Based on GuruFocus' analysis, Spheria Emerging Co (ASX:SEC) is currently considered Significantly Undervalued. The stock's GF Value™ is A$3.51, compared to a current price of A$2.32 — trading 33.9% below its estimated fair value. The current Pretax Margin % is 95.01%, which is near median its 10-year median of 93.74 and 5.2% above the Asset Management industry median of 90.34. Spheria Emerging Co's overall GF Score™ is 53/100. 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 Spheria Emerging Co (ASX:SEC), the current Pretax Margin % is 95.01% 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 Spheria Emerging Co (ASX:SEC) Overvalued in 2026?
Based on GuruFocus' analysis, Spheria Emerging Co stock appears to be undervalued.
The current stock price of A$2.32 is trading 33.9% below its estimated GF Value™ of A$3.51.
GuruFocus considers Spheria Emerging Co to be Significantly Undervalued.
Key valuation signals for ASX:SEC:
Pretax Margin %: 95.01% (near median its 10-year median of 93.74)
GF Value™: A$3.51 vs. price of A$2.32 (33.9% below fair value)
Industry Position: 5.2% above the Asset Management median (#742 of 1568)
No single metric tells the full story. See the ASX:SEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spheria Emerging Co Ltd is an investment management company focus specializing in small and microcap companies. The company's investment objective is to provide total returns over the Benchmark; and capital growth, over each full investment cycle. the company operates in a single segment which is investment activities & Geographically it operates from Australia only.
53GF Score
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