What is BNY Mellon High Yield Strategies Fund Pretax Margin %?
BNY Mellon High Yield Strategies FundDHF +0.84%41 Pretax Margin % is 123.83% as of Mar. 2026, which is 28% above its 10-year median of 97.03. GuruFocus rates DHF with a GF Score™ of 41/100 and a GF Value™ of $1.33 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,576 Asset Management companies, BNY Mellon High Yield Strategies Fund ranks better than 59.96% on this metric.
DHF'
s Pretax Margin % Range Over the Past 10 Years
Min: -123.6 Med: 97.03 Max: 102.17
Current: 96.26
DHF's Pretax Margin % is ranked better than 59.96% of 1576
companies
in the Asset Management industry
Industry Median: 89.475
vs DHF: 96.26
BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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.
BNY Mellon High Yield Strategies Fund Pretax Margin % Related Terms
BNY Mellon High Yield Strategies Fund 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.
BNY Mellon High Yield Strategies Fund Pretax Margin % Chart
For the Asset Management subindustry, BNY Mellon High Yield Strategies 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.
BNY Mellon High Yield Strategies Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon High Yield Strategies Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BNY Mellon High Yield Strategies 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.
BNY Mellon High Yield Strategies Fund (DHF) has a Pretax Margin % of 123.83% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BNY Mellon High Yield Strategies Fund and its competitors. This is 28% above median its historical median of 97.03. According to the industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #631 out of 1576 companies in the Asset Management industry, placing it in the top 40%.
Is BNY Mellon High Yield Strategies Fund's Pretax Margin % too high?
BNY Mellon High Yield Strategies Fund's current Pretax Margin % of 123.83% is 28% above median its 10-year median of 97.03. The Asset Management industry median Pretax Margin % is 89.48. BNY Mellon High Yield Strategies Fund's value of 123.83% is 38.4% above this industry median. Based on the distribution chart, BNY Mellon High Yield Strategies Fund ranks #631 out of 1576 companies in the Asset Management industry, which is above the industry midpoint. Overall, BNY Mellon High Yield Strategies Fund has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon High Yield Strategies Fund's Pretax Margin % compare to FLC and GGT?
According to the Asset Management industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #631 out of 1576 companies for Pretax Margin %. This puts BNY Mellon High Yield Strategies Fund in the upper half of its industry. The industry median Pretax Margin % is 89.48. BNY Mellon High Yield Strategies Fund's value of 123.83% is 38.4% above this benchmark. While the company's 10-year median is 97.03 vs. the industry median of 89.48, BNY Mellon High Yield Strategies Fund 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 1,576 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. BNY Mellon High Yield Strategies Fund's current Pretax Margin % of 123.83% is 38.4% 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 BNY Mellon High Yield Strategies 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. BNY Mellon High Yield Strategies Fund's current Pretax Margin % is 123.83%, which is 28% above median its own 10-year median of 97.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon High Yield Strategies Fund stock overvalued right now?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund (DHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.33, compared to a current price of $2.41 — trading 81.2% above its estimated fair value. The current Pretax Margin % is 123.83%, which is 28% above median its 10-year median of 97.03 and 38.4% above the Asset Management industry median of 89.48. BNY Mellon High Yield Strategies Fund's overall GF Score™ is 41/100 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 BNY Mellon High Yield Strategies Fund (DHF), the current Pretax Margin % is 123.83% 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 BNY Mellon High Yield Strategies Fund (DHF) Overvalued in 2026?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund stock appears to be overvalued.
The current stock price of $2.41 is trading 81.2% above its estimated GF Value™ of $1.33.
GuruFocus considers BNY Mellon High Yield Strategies Fund to be Significantly Overvalued.
Key valuation signals for DHF:
Pretax Margin %: 123.83% (28% above median its 10-year median of 97.03)
GF Value™: $1.33 vs. price of $2.41 (81.2% above fair value)
Industry Position: 38.4% above the Asset Management median (#631 of 1576)
No single metric tells the full story. See the DHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BNY Mellon High Yield Strategies Fund Business Description
BNY Mellon High Yield Strategies Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. The fund invests predominantly in fixed-income securities of below-investment-grade credit quality.
41GF Score
Get the complete analysis for DHF
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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