Thorney OpportunitiesASX:TOP -0.92%28 Pretax Margin % is 82.93% as of Dec. 2025, which is 7% below its 10-year median of 89.43. GuruFocus rates ASX:TOP with a GF Score™ of 28/100 and a GF Value™ of A$0.96 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,576 Asset Management companies, Thorney Opportunities ranks worse than 53.3% on this metric.
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.
Thorney Opportunities Pretax Margin % Related Terms
Thorney Opportunities Pretax Margin % Historical Data
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The historical data trend for Thorney Opportunities'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:TOP vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Thorney Opportunities'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.
Thorney Opportunities Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Thorney Opportunities's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Thorney Opportunities'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.
Thorney Opportunities (ASX:TOP) has a Pretax Margin % of 82.93% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Thorney Opportunities and its competitors. This is near median its historical median of 89.43. Over the past decade, Thorney Opportunities' Pretax Margin % has ranged from 78.42 to 196.34. According to the industry distribution chart, Thorney Opportunities ranks #840 out of 1576 companies in the Asset Management industry, placing it in the top 53.3%.
Is Thorney Opportunities' Pretax Margin % too high?
Thorney Opportunities' current Pretax Margin % of 82.93% is near median its 10-year median of 89.43. Over the past 10 years, this metric has ranged from a low of 78.42 to a high of 196.34. The Asset Management industry median Pretax Margin % is 89.48. Thorney Opportunities' value of 82.93% is 7.3% below this industry median. Based on the distribution chart, Thorney Opportunities ranks #840 out of 1576 companies in the Asset Management industry, which is below the industry midpoint. Overall, Thorney Opportunities has a GF Score™ of 28/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thorney Opportunities' Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Thorney Opportunities ranks #840 out of 1576 companies for Pretax Margin %. This places Thorney Opportunities in the lower half of its industry. The industry median Pretax Margin % is 89.48. Thorney Opportunities' value of 82.93% is 7.3% below this benchmark. Historically, Thorney Opportunities' own Pretax Margin % has ranged from 78.42 to 196.34 over the past decade. While the company's 10-year median is 89.43 vs. the industry median of 89.48, Thorney Opportunities 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 89.48, based on 1,576 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. Thorney Opportunities's current Pretax Margin % of 82.93% is 7.3% 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 Thorney Opportunities and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thorney Opportunities's current Pretax Margin % is 82.93%, which is near median its own 10-year median of 89.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorney Opportunities stock overvalued right now?
Based on GuruFocus' analysis, Thorney Opportunities (ASX:TOP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.96, compared to a current price of A$0.54 — trading 43.8% below its estimated fair value. The current Pretax Margin % is 82.93%, which is near median its 10-year median of 89.43 and 7.3% below the Asset Management industry median of 89.48. Thorney Opportunities' overall GF Score™ is 28/100 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 Thorney Opportunities (ASX:TOP), the current Pretax Margin % is 82.93% 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 Thorney Opportunities (ASX:TOP) Overvalued in 2026?
Based on GuruFocus' analysis, Thorney Opportunities stock appears to be undervalued.
The current stock price of A$0.54 is trading 43.8% below its estimated GF Value™ of A$0.96.
GuruFocus considers Thorney Opportunities to be Significantly Undervalued.
Key valuation signals for ASX:TOP:
Pretax Margin %: 82.93% (near median its 10-year median of 89.43)
GF Value™: A$0.96 vs. price of A$0.54 (43.8% below fair value)
Industry Position: 7.3% below the Asset Management median (#840 of 1576)
No single metric tells the full story. See the ASX:TOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thorney Opportunities Ltd is an investment company that concentrates on producing absolute returns for shareholders over the medium to long term. Its principal activity is making investments in listed and unlisted securities in a variety of sectors, including media, automotive, energy, and pharmaceutical.
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