Highland Global Allocation FundHGLB -0.65%46 Pretax Margin % is 101.45% as of Mar. 2026, which is 3% above its 10-year median of 98.41. GuruFocus rates HGLB with a GF Score™ of 46/100 and a GF Value™ of $3.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,572 Asset Management companies, Highland Global Allocation Fund ranks better than 50.51% on this metric.
The historical rank and industry rank for Highland Global Allocation Fund's Pretax Margin % or its related term are showing as below:
HGLB'
s Pretax Margin % Range Over the Past 10 Years
Min: 90.28 Med: 98.41 Max: 126.44
Current: 90.28
HGLB's Pretax Margin % is ranked better than 50.51% of 1572
companies
in the Asset Management industry
Industry Median: 89.735
vs HGLB: 90.28
Highland Global Allocation Fund (NYSE:HGLB) 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.
Highland Global Allocation Fund Pretax Margin % Related Terms
Highland Global Allocation 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.
Highland Global Allocation Fund Pretax Margin % Chart
For the Asset Management subindustry, Highland Global Allocation 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.
Highland Global Allocation Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation 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.
Highland Global Allocation Fund (HGLB) has a Pretax Margin % of 101.45% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Highland Global Allocation Fund and its competitors. This is near median its historical median of 98.41. Over the past decade, Highland Global Allocation Fund's Pretax Margin % has ranged from 90.28 to 126.44. According to the industry distribution chart, Highland Global Allocation Fund ranks #778 out of 1572 companies in the Asset Management industry, placing it in the top 49.5%.
Is Highland Global Allocation Fund's Pretax Margin % too high?
Highland Global Allocation Fund's current Pretax Margin % of 101.45% is near median its 10-year median of 98.41. Over the past 10 years, this metric has ranged from a low of 90.28 to a high of 126.44. The Asset Management industry median Pretax Margin % is 89.74. Highland Global Allocation Fund's value of 101.45% is 13.1% above this industry median. Based on the distribution chart, Highland Global Allocation Fund ranks #778 out of 1572 companies in the Asset Management industry, which is above the industry midpoint. Overall, Highland Global Allocation Fund has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highland Global Allocation Fund's Pretax Margin % compare to FLC and DHF?
According to the Asset Management industry distribution chart, Highland Global Allocation Fund ranks #778 out of 1572 companies for Pretax Margin %. This puts Highland Global Allocation Fund in the upper half of its industry. The industry median Pretax Margin % is 89.74. Highland Global Allocation Fund's value of 101.45% is 13.1% above this benchmark. Historically, Highland Global Allocation Fund's own Pretax Margin % has ranged from 90.28 to 126.44 over the past decade. While the company's 10-year median is 98.41 vs. the industry median of 89.74, Highland Global Allocation 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 89.74, 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. Highland Global Allocation Fund's current Pretax Margin % of 101.45% is 13.1% 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 Highland Global Allocation Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highland Global Allocation Fund's current Pretax Margin % is 101.45%, which is near median its own 10-year median of 98.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Global Allocation Fund stock overvalued right now?
Based on GuruFocus' analysis, Highland Global Allocation Fund (HGLB) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.93, compared to a current price of $7.59 — trading 93.1% above its estimated fair value. The current Pretax Margin % is 101.45%, which is near median its 10-year median of 98.41 and 13.1% above the Asset Management industry median of 89.74. Highland Global Allocation Fund's overall GF Score™ is 46/100 with 2 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 Highland Global Allocation Fund (HGLB), the current Pretax Margin % is 101.45% 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 Highland Global Allocation Fund (HGLB) Overvalued in 2026?
Based on GuruFocus' analysis, Highland Global Allocation Fund stock appears to be overvalued.
The current stock price of $7.59 is trading 93.1% above its estimated GF Value™ of $3.93.
GuruFocus considers Highland Global Allocation Fund to be Significantly Overvalued.
Key valuation signals for HGLB:
Pretax Margin %: 101.45% (near median its 10-year median of 98.41)
GF Value™: $3.93 vs. price of $7.59 (93.1% above fair value)
Industry Position: 13.1% above the Asset Management median (#778 of 1572)
No single metric tells the full story. See the HGLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highland Global Allocation Fund Business Description
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
46GF Score
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