Herald Investment TrustCHIX:HRIL 54 Pretax Margin % is 98.65% as of Dec. 2025, which is 1% below its 10-year median of 99.62. GuruFocus rates CHIX:HRIL with a GF Score™ of 54/100 and a GF Value™ of £38.03. The stock has 6 warning signs investors should review. Among 1,571 Asset Management companies, Herald Investment Trust ranks better than 66.07% 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.
Herald Investment Trust Pretax Margin % Related Terms
Herald Investment 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.
CHIX:HRIL vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Herald Investment 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.
Herald Investment Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Herald Investment Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Herald Investment 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.
Herald Investment Trust (CHIX:HRIL) has a Pretax Margin % of 98.65% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Herald Investment Trust and its competitors. This is near median its historical median of 99.62. Over the past decade, Herald Investment Trust's Pretax Margin % has ranged from 97.77 to 101.87. According to the industry distribution chart, Herald Investment Trust ranks #533 out of 1571 companies in the Asset Management industry, placing it in the top 33.9%.
Is Herald Investment Trust's Pretax Margin % too high?
Herald Investment Trust's current Pretax Margin % of 98.65% is near median its 10-year median of 99.62. Over the past 10 years, this metric has ranged from a low of 97.77 to a high of 101.87. The Asset Management industry median Pretax Margin % is 89.59. Herald Investment Trust's value of 98.65% is 10.1% above this industry median. Based on the distribution chart, Herald Investment Trust ranks #533 out of 1571 companies in the Asset Management industry, which is above the industry midpoint. Overall, Herald Investment Trust has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Herald Investment Trust's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Herald Investment Trust ranks #533 out of 1571 companies for Pretax Margin %. This puts Herald Investment Trust in the upper half of its industry. The industry median Pretax Margin % is 89.59. Herald Investment Trust's value of 98.65% is 10.1% above this benchmark. Historically, Herald Investment Trust's own Pretax Margin % has ranged from 97.77 to 101.87 over the past decade. While the company's 10-year median is 99.62 vs. the industry median of 89.59, Herald Investment 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 89.59, based on 1,571 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. Herald Investment Trust's current Pretax Margin % of 98.65% is 10.1% 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 Herald Investment Trust and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Herald Investment Trust's current Pretax Margin % is 98.65%, which is near median its own 10-year median of 99.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Herald Investment Trust stock overvalued right now?
Herald Investment Trust (CHIX:HRIL) has a current Pretax Margin % of 98.65%. The stock's GF Value™ is £38.03, compared to a current price of £21.60 — trading 43.2% below its estimated fair value. The current Pretax Margin % is 98.65%, which is near median its 10-year median of 99.62 and 10.1% above the Asset Management industry median of 89.59. Herald Investment Trust's overall GF Score™ is 54/100 with 6 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 Herald Investment Trust (CHIX:HRIL), the current Pretax Margin % is 98.65% 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 Herald Investment Trust (CHIX:HRIL) Overvalued in 2026?
Based on GuruFocus' analysis, Herald Investment Trust stock appears to be undervalued.
The current stock price of £21.60 is trading 43.2% below its estimated GF Value™ of £38.03.
Key valuation signals for CHIX:HRIL:
Pretax Margin %: 98.65% (near median its 10-year median of 99.62)
GF Value™: £38.03 vs. price of £21.60 (43.2% below fair value)
Industry Position: 10.1% above the Asset Management median (#533 of 1571)
No single metric tells the full story. See the CHIX:HRIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Herald Investment Trust PLC is a UK-based investment trust that aims to capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia, and technology on a long-term basis. It focuses on a diversified portfolio that offers long-term growth potential and benchmarks its performance against the technology sector. The trust's investment portfolio includes companies that are in the business of software and computer services, technology hardware and equipment, printing and publishing, industrial sectors, support services, and others. Geographically, investments of the company are spread across the UK, North America, Japan, Asia-Pacific, Europe, the Middle East and Africa. The trust's revenue mainly consists of dividends and interest.
54GF Score
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