Blackrock Floating Rate Stra FdFRA -0.73%37 Pretax Margin % is 98.81% as of Dec. 2025, which is 0% above its 10-year median of 98.71. GuruFocus rates FRA with a GF Score™ of 37/100 and a GF Value™ of $6.82 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,569 Asset Management companies, Blackrock Floating Rate Stra Fd ranks better than 72.91% 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.
Blackrock Floating Rate Stra Fd Pretax Margin % Related Terms
Blackrock Floating Rate Stra Fd 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, Blackrock Floating Rate Stra Fd'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.
Blackrock Floating Rate Stra Fd Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackrock Floating Rate Stra Fd's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Blackrock Floating Rate Stra Fd'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.
Blackrock Floating Rate Stra Fd (FRA) has a Pretax Margin % of 98.81% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Blackrock Floating Rate Stra Fd and its competitors. This is near median its historical median of 98.71. Over the past decade, Blackrock Floating Rate Stra Fd's Pretax Margin % has ranged from 93.71 to 104.05. According to the industry distribution chart, Blackrock Floating Rate Stra Fd ranks #425 out of 1569 companies in the Asset Management industry, placing it in the top 27.1%.
Is Blackrock Floating Rate Stra Fd's Pretax Margin % too high?
Blackrock Floating Rate Stra Fd's current Pretax Margin % of 98.81% is near median its 10-year median of 98.71. Over the past 10 years, this metric has ranged from a low of 93.71 to a high of 104.05. The Asset Management industry median Pretax Margin % is 89.52. Blackrock Floating Rate Stra Fd's value of 98.81% is 10.4% above this industry median. Based on the distribution chart, Blackrock Floating Rate Stra Fd ranks #425 out of 1569 companies in the Asset Management industry, which is above the industry midpoint. Overall, Blackrock Floating Rate Stra Fd has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackrock Floating Rate Stra Fd's Pretax Margin % compare to PFL and MYN?
According to the Asset Management industry distribution chart, Blackrock Floating Rate Stra Fd ranks #425 out of 1569 companies for Pretax Margin %. This puts Blackrock Floating Rate Stra Fd in the upper half of its industry. The industry median Pretax Margin % is 89.52. Blackrock Floating Rate Stra Fd's value of 98.81% is 10.4% above this benchmark. Historically, Blackrock Floating Rate Stra Fd's own Pretax Margin % has ranged from 93.71 to 104.05 over the past decade. While the company's 10-year median is 98.71 vs. the industry median of 89.52, Blackrock Floating Rate Stra Fd 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 89.52, based on 1,569 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. Blackrock Floating Rate Stra Fd's current Pretax Margin % of 98.81% is 10.4% 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 Blackrock Floating Rate Stra Fd and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackrock Floating Rate Stra Fd's current Pretax Margin % is 98.81%, which is near median its own 10-year median of 98.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Floating Rate Stra Fd stock overvalued right now?
Based on GuruFocus' analysis, Blackrock Floating Rate Stra Fd (FRA) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.82, compared to a current price of $10.91 — trading 60% above its estimated fair value. The current Pretax Margin % is 98.81%, which is near median its 10-year median of 98.71 and 10.4% above the Asset Management industry median of 89.52. Blackrock Floating Rate Stra Fd's overall GF Score™ is 37/100 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 Blackrock Floating Rate Stra Fd (FRA), the current Pretax Margin % is 98.81% 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 Blackrock Floating Rate Stra Fd (FRA) Overvalued in 2026?
Based on GuruFocus' analysis, Blackrock Floating Rate Stra Fd stock appears to be overvalued.
The current stock price of $10.91 is trading 60% above its estimated GF Value™ of $6.82.
GuruFocus considers Blackrock Floating Rate Stra Fd to be Significantly Overvalued.
Key valuation signals for FRA:
Pretax Margin %: 98.81% (near median its 10-year median of 98.71)
GF Value™: $6.82 vs. price of $10.91 (60% above fair value)
Industry Position: 10.4% above the Asset Management median (#425 of 1569)
No single metric tells the full story. See the FRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blackrock Floating Rate Stra Fd Business Description
Blackrock Floating Rate Inc Stra Fd Inc is a closed-end management investment company. Its investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting of floating rate debt securities and instruments. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its managed assets in floating rate debt securities, including floating or variable rate debt securities that pay interest at rates that adjust whenever a specified interest rate changes and/or which reset on predetermined dates (such as the last day of a month or calendar quarter).
37GF Score
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