Mfs Highome Municipal TrustCXE 36 Pretax Margin % is 100.42% as of Nov. 2025, which is 1% above its 10-year median of 99.45. GuruFocus rates CXE with a GF Score™ of 36/100. The stock has 5 warning signs investors should review. Among 1,572 Asset Management companies, Mfs Highome Municipal Trust ranks worse than 98.28% on this metric.
The historical rank and industry rank for Mfs Highome Municipal Trust's Pretax Margin % or its related term are showing as below:
CXE'
s Pretax Margin % Range Over the Past 10 Years
Min: -2533.33 Med: 99.45 Max: 100.52
Current: -2533.33
CXE's Pretax Margin % is ranked worse than 98.28% of 1572
companies
in the Asset Management industry
Industry Median: 89.62
vs CXE: -2533.33
Mfs Highome Municipal Trust (NYSE:CXE) 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.
Mfs Highome Municipal Trust Pretax Margin % Related Terms
Mfs Highome Municipal 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.
For the Asset Management subindustry, Mfs Highome Municipal 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.
Mfs Highome Municipal Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mfs Highome Municipal Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mfs Highome Municipal 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.
Mfs Highome Municipal Trust (CXE) has a Pretax Margin % of 100.42% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Mfs Highome Municipal Trust and its competitors. This is near median its historical median of 99.45. According to the industry distribution chart, Mfs Highome Municipal Trust ranks #1545 out of 1572 companies in the Asset Management industry, placing it in the top 98.3%.
Is Mfs Highome Municipal Trust's Pretax Margin % too high?
Mfs Highome Municipal Trust's current Pretax Margin % of 100.42% is near median its 10-year median of 99.45. The Asset Management industry median Pretax Margin % is 89.62. Mfs Highome Municipal Trust's value of 100.42% is 12.1% above this industry median. Based on the distribution chart, Mfs Highome Municipal Trust ranks #1545 out of 1572 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Mfs Highome Municipal Trust has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Mfs Highome Municipal Trust's Pretax Margin % compare to NMT and CGO?
According to the Asset Management industry distribution chart, Mfs Highome Municipal Trust ranks #1545 out of 1572 companies for Pretax Margin %. This places Mfs Highome Municipal Trust in the lower half of its industry. The industry median Pretax Margin % is 89.62. Mfs Highome Municipal Trust's value of 100.42% is 12.1% above this benchmark. While the company's 10-year median is 99.45 vs. the industry median of 89.62, Mfs Highome Municipal 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 89.62, based on 1,572 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. Mfs Highome Municipal Trust's current Pretax Margin % of 100.42% is 12.1% 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 Mfs Highome Municipal Trust and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mfs Highome Municipal Trust's current Pretax Margin % is 100.42%, which is near median its own 10-year median of 99.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfs Highome Municipal Trust stock overvalued right now?
Mfs Highome Municipal Trust (CXE) has a current Pretax Margin % of 100.42%. The current Pretax Margin % is 100.42%, which is near median its 10-year median of 99.45 and 12.1% above the Asset Management industry median of 89.62. Mfs Highome Municipal Trust's overall GF Score™ is 36/100 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 Mfs Highome Municipal Trust (CXE), the current Pretax Margin % is 100.42% as of Nov. 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.
Mfs High Income Municipal Trust is a United States-based diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes. The company's investment portfolio has shares from the industry Healthcare, Airports, and Secondary Schools.
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