PEH Wertpapier AGFRA:PEH -3.25%73 Pretax Margin % is 6.20% as of Dec. 2025, which is 73% below its 10-year median of 22.90. GuruFocus rates FRA:PEH with a GF Score™ of 73/100 and a GF Value™ of €57.54 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,570 Asset Management companies, PEH Wertpapier AG ranks worse than 81.08% on this metric.
The historical rank and industry rank for PEH Wertpapier AG's Pretax Margin % or its related term are showing as below:
FRA:PEH'
s Pretax Margin % Range Over the Past 10 Years
Min: 6.2 Med: 22.9 Max: 33.97
Current: 6.59
FRA:PEH's Pretax Margin % is ranked worse than 81.08% of 1570
companies
in the Asset Management industry
Industry Median: 89.62
vs FRA:PEH: 6.59
PEH Wertpapier AG (FRA:PEH) 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.
PEH Wertpapier AG Pretax Margin % Related Terms
PEH Wertpapier AG Pretax Margin % Historical Data
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The historical data trend for PEH Wertpapier AG's Pretax Margin % can be seen below:
* 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.
FRA:PEH vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, PEH Wertpapier AG'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.
PEH Wertpapier AG Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PEH Wertpapier AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where PEH Wertpapier AG'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.
PEH Wertpapier AG (FRA:PEH) has a Pretax Margin % of 6.20% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on PEH Wertpapier AG and its competitors. This is 73% below median its historical median of 22.90. Over the past decade, PEH Wertpapier AG's Pretax Margin % has ranged from 6.20 to 33.97. According to the industry distribution chart, PEH Wertpapier AG ranks #1273 out of 1570 companies in the Asset Management industry, placing it in the top 81.1%.
Is PEH Wertpapier AG's Pretax Margin % too high?
PEH Wertpapier AG's current Pretax Margin % of 6.20% is 73% below median its 10-year median of 22.90. Over the past 10 years, this metric has ranged from a low of 6.20 to a high of 33.97. The Asset Management industry median Pretax Margin % is 89.62. PEH Wertpapier AG's value of 6.20% is 93.1% below this industry median. Based on the distribution chart, PEH Wertpapier AG ranks #1273 out of 1570 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PEH Wertpapier AG has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PEH Wertpapier AG's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, PEH Wertpapier AG ranks #1273 out of 1570 companies for Pretax Margin %. This places PEH Wertpapier AG in the lower half of its industry. The industry median Pretax Margin % is 89.62. PEH Wertpapier AG's value of 6.20% is 93.1% below this benchmark. Historically, PEH Wertpapier AG's own Pretax Margin % has ranged from 6.20 to 33.97 over the past decade. While the company's 10-year median is 22.90 vs. the industry median of 89.62, PEH Wertpapier AG has consistently been below 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 1,570 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. PEH Wertpapier AG's current Pretax Margin % of 6.20% is 93.1% below 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 PEH Wertpapier AG 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. PEH Wertpapier AG's current Pretax Margin % is 6.20%, which is 73% below median its own 10-year median of 22.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PEH Wertpapier AG stock overvalued right now?
Based on GuruFocus' analysis, PEH Wertpapier AG (FRA:PEH) is currently considered Significantly Undervalued. The stock's GF Value™ is €57.54, compared to a current price of €29.80 — trading 48.2% below its estimated fair value. The current Pretax Margin % is 6.20%, which is 73% below median its 10-year median of 22.90 and 93.1% below the Asset Management industry median of 89.62. PEH Wertpapier AG's overall GF Score™ is 73/100 with 3 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 PEH Wertpapier AG (FRA:PEH), the current Pretax Margin % is 6.20% 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 PEH Wertpapier AG (FRA:PEH) Overvalued in 2026?
Based on GuruFocus' analysis, PEH Wertpapier AG stock appears to be undervalued.
The current stock price of €29.80 is trading 48.2% below its estimated GF Value™ of €57.54.
GuruFocus considers PEH Wertpapier AG to be Significantly Undervalued.
Key valuation signals for FRA:PEH:
Pretax Margin %: 6.20% (73% below median its 10-year median of 22.90)
GF Value™: €57.54 vs. price of €29.80 (48.2% below fair value)
Industry Position: 93.1% below the Asset Management median (#1273 of 1570)
No single metric tells the full story. See the FRA:PEH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PEH Wertpapier AG is an independent financial service provider in German-speaking countries. It offers asset management for private clients as well as special products and investment solutions for institutional investors. The various services offered by the company include asset management, wealth planning, general consultation, and foundation management. Additionally, it also operates various investment funds to cater to the demands of long-term investors who want to benefit from the growth opportunities of equity markets. The group is divided into three segments: PEH Asset Management, PEH Administration/Service segment, which generates maximum revenue, and PEH Sales. Geographically, it derives maximum revenue from Luxembourg, and the rest from Germany.
73GF Score
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