Barings BDCFRA:TRY +1.44%60 Pretax Margin % is 89.80% as of Mar. 2026, which is 1% below its 10-year median of 90.78. GuruFocus rates FRA:TRY with a GF Score™ of 60/100 and a GF Value™ of €7.25 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,572 Asset Management companies, Barings BDC ranks better than 52.04% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Barings BDC's Pre-Tax Income for the
three
months ended in Mar. 2026 was €17.64 Mil. Barings BDC's Revenue for the
three
months ended in Mar. 2026 was €19.64 Mil. Therefore, Barings BDC's pretax margin for the quarter that ended in Mar. 2026 was 89.80%.
The historical rank and industry rank for Barings BDC's Pretax Margin % or its related term are showing as below:
FRA:TRY'
s Pretax Margin % Range Over the Past 10 Years
Min: 38.03 Med: 90.78 Max: 442.83
Current: 91.7
FRA:TRY's Pretax Margin % is ranked better than 52.04% of 1572
companies
in the Asset Management industry
Industry Median: 89.62
vs FRA:TRY: 91.70
Barings BDC (FRA:TRY) 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.
Barings BDC Pretax Margin % Related Terms
Barings BDC Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Barings BDC'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:TRY vs PHK, OXLC, RPC: Pretax Margin % Comparison
For the Asset Management subindustry, Barings BDC'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.
Barings BDC Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Barings BDC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Barings BDC'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.
Barings BDC (FRA:TRY) has a Pretax Margin % of 89.80% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Barings BDC and its competitors. This is near median its historical median of 90.78. Over the past decade, Barings BDC's Pretax Margin % has ranged from 38.03 to 442.83. According to the industry distribution chart, Barings BDC ranks #754 out of 1572 companies in the Asset Management industry, placing it in the top 48%.
Is Barings BDC's Pretax Margin % too high?
Barings BDC's current Pretax Margin % of 89.80% is near median its 10-year median of 90.78. Over the past 10 years, this metric has ranged from a low of 38.03 to a high of 442.83. The Asset Management industry median Pretax Margin % is 89.62. Barings BDC's value of 89.80% is 0.2% above this industry median. Based on the distribution chart, Barings BDC ranks #754 out of 1572 companies in the Asset Management industry, which is above the industry midpoint. Overall, Barings BDC has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Barings BDC's Pretax Margin % compare to PHK and OXLC?
According to the Asset Management industry distribution chart, Barings BDC ranks #754 out of 1572 companies for Pretax Margin %. This puts Barings BDC in the upper half of its industry. The industry median Pretax Margin % is 89.62. Barings BDC's value of 89.80% is 0.2% above this benchmark. Historically, Barings BDC's own Pretax Margin % has ranged from 38.03 to 442.83 over the past decade. While the company's 10-year median is 90.78 vs. the industry median of 89.62, Barings BDC 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. Barings BDC's current Pretax Margin % of 89.80% is 0.2% 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 Barings BDC 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. Barings BDC's current Pretax Margin % is 89.80%, which is near median its own 10-year median of 90.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barings BDC stock overvalued right now?
Based on GuruFocus' analysis, Barings BDC (FRA:TRY) is currently considered Fairly Valued. The stock's GF Value™ is €7.25, compared to a current price of €7.19 — trading 0.9% below its estimated fair value. The current Pretax Margin % is 89.80%, which is near median its 10-year median of 90.78 and 0.2% above the Asset Management industry median of 89.62. Barings BDC's overall GF Score™ is 60/100 with 4 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 Barings BDC (FRA:TRY), the current Pretax Margin % is 89.80% 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 Barings BDC (FRA:TRY) Overvalued in 2026?
Based on GuruFocus' analysis, Barings BDC stock appears to be undervalued.
The current stock price of €7.19 is trading 0.9% below its estimated GF Value™ of €7.25.
GuruFocus considers Barings BDC to be Fairly Valued.
Key valuation signals for FRA:TRY:
Pretax Margin %: 89.80% (near median its 10-year median of 90.78)
GF Value™: €7.25 vs. price of €7.19 (0.9% below fair value)
Industry Position: 0.2% above the Asset Management median (#754 of 1572)
No single metric tells the full story. See the FRA:TRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth, or refinancing. It employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.
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