Bancroft FundBCV +0.55%24 Pretax Margin % is 82.18% as of Mar. 2026, which is 16% below its 10-year median of 97.66. GuruFocus rates BCV with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 1,580 Asset Management companies, Bancroft Fund ranks better than 72.03% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Bancroft Fund's Pre-Tax Income for the
six
months ended in Mar. 2026 was $1.36 Mil. Bancroft Fund's Revenue for the
six
months ended in Mar. 2026 was $1.65 Mil. Therefore, Bancroft Fund's pretax margin for the quarter that ended in Mar. 2026 was 82.18%.
The historical rank and industry rank for Bancroft Fund's Pretax Margin % or its related term are showing as below:
BCV'
s Pretax Margin % Range Over the Past 10 Years
Min: 83.1 Med: 97.66 Max: 100.89
Current: 98.6
BCV's Pretax Margin % is ranked better than 72.03% of 1580
companies
in the Asset Management industry
Industry Median: 89.475
vs BCV: 98.60
Bancroft Fund (AMEX:BCV) 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.
Bancroft Fund Pretax Margin % Related Terms
Bancroft Fund Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Bancroft Fund'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.
For the Asset Management subindustry, Bancroft Fund'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.
Bancroft Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Bancroft Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Bancroft Fund'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.
Bancroft Fund (BCV) has a Pretax Margin % of 82.18% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Bancroft Fund and its competitors. This is 16% below median its historical median of 97.66. Over the past decade, Bancroft Fund's Pretax Margin % has ranged from 83.10 to 100.89. According to the industry distribution chart, Bancroft Fund ranks #442 out of 1580 companies in the Asset Management industry, placing it in the top 28%.
Is Bancroft Fund's Pretax Margin % too high?
Bancroft Fund's current Pretax Margin % of 82.18% is 16% below median its 10-year median of 97.66. Over the past 10 years, this metric has ranged from a low of 83.10 to a high of 100.89. The Asset Management industry median Pretax Margin % is 89.48. Bancroft Fund's value of 82.18% is 8.2% below this industry median. Based on the distribution chart, Bancroft Fund ranks #442 out of 1580 companies in the Asset Management industry, which is above the industry midpoint. Overall, Bancroft Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Bancroft Fund's Pretax Margin % compare to MHF and PIM?
According to the Asset Management industry distribution chart, Bancroft Fund ranks #442 out of 1580 companies for Pretax Margin %. This puts Bancroft Fund in the upper half of its industry. The industry median Pretax Margin % is 89.48. Bancroft Fund's value of 82.18% is 8.2% below this benchmark. Historically, Bancroft Fund's own Pretax Margin % has ranged from 83.10 to 100.89 over the past decade. While the company's 10-year median is 97.66 vs. the industry median of 89.48, Bancroft Fund 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 1,580 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. Bancroft Fund's current Pretax Margin % of 82.18% is 8.2% 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 Bancroft Fund 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. Bancroft Fund's current Pretax Margin % is 82.18%, which is 16% below median its own 10-year median of 97.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bancroft Fund stock overvalued right now?
Bancroft Fund (BCV) has a current Pretax Margin % of 82.18%. The current Pretax Margin % is 82.18%, which is 16% below median its 10-year median of 97.66 and 8.2% below the Asset Management industry median of 89.48. Bancroft Fund's overall GF Score™ is 24/100 with 5 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 Bancroft Fund (BCV), the current Pretax Margin % is 82.18% as of Mar. 2026. 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.
Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.
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