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WAM LeadersASX:WLE 71 Pretax Margin % is 90.27% as of Dec. 2025, which is 12% above its 10-year median of 80.86. GuruFocus rates ASX:WLE with a GF Score™ of 71/100 and a GF Value™ of A$2.31 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,568 Asset Management companies, WAM Leaders ranks worse than 54.4% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. WAM Leaders's Pre-Tax Income for the
six
months ended in Dec. 2025 was A$137.0 Mil. WAM Leaders's Revenue for the
six
months ended in Dec. 2025 was A$151.7 Mil. Therefore, WAM Leaders's pretax margin for the quarter that ended in Dec. 2025 was 90.27%.
The historical rank and industry rank for WAM Leaders's Pretax Margin % or its related term are showing as below:
ASX:WLE'
s Pretax Margin % Range Over the Past 10 Years
Min: -8.96 Med: 80.86 Max: 95.22
Current: 84.72
ASX:WLE's Pretax Margin % is ranked worse than 54.4% of 1568
companies
in the Asset Management industry
Industry Median: 90.34
vs ASX:WLE: 84.72
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.
WAM Leaders Pretax Margin % Related Terms
WAM Leaders Pretax Margin % Historical Data
* Premium members only.
The historical data trend for WAM Leaders'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:WLE vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, WAM Leaders'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.
WAM Leaders Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Leaders's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where WAM Leaders'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.
WAM Leaders (ASX:WLE) has a Pretax Margin % of 90.27% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on WAM Leaders and its competitors. This is 12% above median its historical median of 80.86. According to the industry distribution chart, WAM Leaders ranks #853 out of 1568 companies in the Asset Management industry, placing it in the top 54.4%.
Is WAM Leaders' Pretax Margin % too high?
WAM Leaders' current Pretax Margin % of 90.27% is 12% above median its 10-year median of 80.86. The Asset Management industry median Pretax Margin % is 90.34. WAM Leaders' value of 90.27% is 0.1% below this industry median. Based on the distribution chart, WAM Leaders ranks #853 out of 1568 companies in the Asset Management industry, which is below the industry midpoint. Overall, WAM Leaders has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WAM Leaders' Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Leaders ranks #853 out of 1568 companies for Pretax Margin %. This places WAM Leaders in the lower half of its industry. The industry median Pretax Margin % is 90.34. WAM Leaders' value of 90.27% is 0.1% below this benchmark. While the company's 10-year median is 80.86 vs. the industry median of 90.34, WAM Leaders 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. WAM Leaders's current Pretax Margin % of 90.27% is 0.1% 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 WAM Leaders 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. WAM Leaders's current Pretax Margin % is 90.27%, which is 12% above median its own 10-year median of 80.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Leaders stock overvalued right now?
Based on GuruFocus' analysis, WAM Leaders (ASX:WLE) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.31, compared to a current price of A$1.40 — trading 39.6% below its estimated fair value. The current Pretax Margin % is 90.27%, which is 12% above median its 10-year median of 80.86 and 0.1% below the Asset Management industry median of 90.34. WAM Leaders' overall GF Score™ is 71/100 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 WAM Leaders (ASX:WLE), the current Pretax Margin % is 90.27% 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 WAM Leaders (ASX:WLE) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Leaders stock appears to be undervalued.
The current stock price of A$1.40 is trading 39.6% below its estimated GF Value™ of A$2.31.
GuruFocus considers WAM Leaders to be Significantly Undervalued.
Key valuation signals for ASX:WLE:
Pretax Margin %: 90.27% (12% above median its 10-year median of 80.86)
GF Value™: A$2.31 vs. price of A$1.40 (39.6% below fair value)
Industry Position: 0.1% below the Asset Management median (#853 of 1568)
No single metric tells the full story. See the ASX:WLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Leaders Ltd is an investment company. The company's investment objectives are to deliver a stream of fully franked dividends, provide capital growth over the medium-to-long term, and preserve capital. The company currently engages in investing activities, including cash, term deposits, and equity investments in listed companies. Its portfolio consists of securities of companies from various sectors such as Communication services, Financials, Consumer staples, Health care, and Information technology, among others.
71GF Score
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