What is Sprott Physical Gold and Silver Trust Pretax Margin %?
Sprott Physical Gold and Silver TrustCEF +1.25%43 Pretax Margin % is 99.81% as of Mar. 2026, which is 0% above its 10-year median of 99.61. GuruFocus rates CEF with a GF Score™ of 43/100 and a GF Value™ of $122.71 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,580 Asset Management companies, Sprott Physical Gold and Silver Trust ranks better than 82.66% 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.
Sprott Physical Gold and Silver Trust Pretax Margin % Related Terms
Sprott Physical Gold and Silver Trust Pretax Margin % Historical Data
* 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.
Sprott Physical Gold and Silver Trust Pretax Margin % Chart
For the Asset Management subindustry, Sprott Physical Gold and Silver Trust'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.
Sprott Physical Gold and Silver Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Physical Gold and Silver Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Sprott Physical Gold and Silver Trust'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.
Sprott Physical Gold and Silver Trust (CEF) has a Pretax Margin % of 99.81% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Sprott Physical Gold and Silver Trust and its competitors. This is near median its historical median of 99.61. Over the past decade, Sprott Physical Gold and Silver Trust's Pretax Margin % has ranged from 58.00 to 120.32. According to the industry distribution chart, Sprott Physical Gold and Silver Trust ranks #274 out of 1580 companies in the Asset Management industry, placing it in the top 17.3%.
Is Sprott Physical Gold and Silver Trust's Pretax Margin % too high?
Sprott Physical Gold and Silver Trust's current Pretax Margin % of 99.81% is near median its 10-year median of 99.61. Over the past 10 years, this metric has ranged from a low of 58.00 to a high of 120.32. The Asset Management industry median Pretax Margin % is 89.48. Sprott Physical Gold and Silver Trust's value of 99.81% is 11.6% above this industry median. Based on the distribution chart, Sprott Physical Gold and Silver Trust ranks #274 out of 1580 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Sprott Physical Gold and Silver Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Gold and Silver Trust's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Sprott Physical Gold and Silver Trust ranks #274 out of 1580 companies for Pretax Margin %. This places Sprott Physical Gold and Silver Trust in the top 17% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.48. Sprott Physical Gold and Silver Trust's value of 99.81% is 11.6% above this benchmark. Historically, Sprott Physical Gold and Silver Trust's own Pretax Margin % has ranged from 58.00 to 120.32 over the past decade. While the company's 10-year median is 99.61 vs. the industry median of 89.48, Sprott Physical Gold and Silver Trust 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 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. Sprott Physical Gold and Silver Trust's current Pretax Margin % of 99.81% is 11.6% 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 Sprott Physical Gold and Silver Trust 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. Sprott Physical Gold and Silver Trust's current Pretax Margin % is 99.81%, which is near median its own 10-year median of 99.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Gold and Silver Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Physical Gold and Silver Trust (CEF) is currently considered Significantly Undervalued. The stock's GF Value™ is $122.71, compared to a current price of $39.80 — trading 67.6% below its estimated fair value. The current Pretax Margin % is 99.81%, which is near median its 10-year median of 99.61 and 11.6% above the Asset Management industry median of 89.48. Sprott Physical Gold and Silver Trust's overall GF Score™ is 43/100 with 2 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 Sprott Physical Gold and Silver Trust (CEF), the current Pretax Margin % is 99.81% 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.
Is Sprott Physical Gold and Silver Trust (CEF) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Physical Gold and Silver Trust stock appears to be undervalued.
The current stock price of $39.80 is trading 67.6% below its estimated GF Value™ of $122.71.
GuruFocus considers Sprott Physical Gold and Silver Trust to be Significantly Undervalued.
Key valuation signals for CEF:
Pretax Margin %: 99.81% (near median its 10-year median of 99.61)
GF Value™: $122.71 vs. price of $39.80 (67.6% below fair value)
Industry Position: 11.6% above the Asset Management median (#274 of 1580)
No single metric tells the full story. See the CEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Physical Gold and Silver Trust Business Description
Sprott Physical Gold and Silver Trust is a closed end mutual fund trust. The trust invests and holds all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience that is typical of direct investment. Its objective is to invest in long-term holdings of unencumbered, fully allocated, physical gold and silver bullion and does not speculate with regard to short-term changes in bullion prices.
43GF Score
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