BraitJSE:BAT +0.48%28 Pretax Margin % is 79.76% as of Mar. 2026, which is 11% below its 10-year median of 89.66. GuruFocus rates JSE:BAT with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 1,571 Asset Management companies, Brait ranks worse than 58.56% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Brait's Pre-Tax Income for the
six
months ended in Mar. 2026 was R855 Mil. Brait's Revenue for the
six
months ended in Mar. 2026 was R1,072 Mil. Therefore, Brait's pretax margin for the quarter that ended in Mar. 2026 was 79.76%.
The historical rank and industry rank for Brait's Pretax Margin % or its related term are showing as below:
JSE:BAT'
s Pretax Margin % Range Over the Past 10 Years
Min: -67.33 Med: 89.66 Max: 165.42
Current: 76.12
JSE:BAT's Pretax Margin % is ranked worse than 58.56% of 1571
companies
in the Asset Management industry
Industry Median: 89.59
vs JSE:BAT: 76.12
Brait (JSE:BAT) 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.
Brait Pretax Margin % Related Terms
Brait Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Brait'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.
JSE:BAT vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Brait'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.
Brait Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Brait's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Brait'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.
Brait (JSE:BAT) has a Pretax Margin % of 79.76% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Brait and its competitors. This is 11% below median its historical median of 89.66. According to the industry distribution chart, Brait ranks #920 out of 1571 companies in the Asset Management industry, placing it in the top 58.6%.
Is Brait's Pretax Margin % too high?
Brait's current Pretax Margin % of 79.76% is 11% below median its 10-year median of 89.66. The Asset Management industry median Pretax Margin % is 89.59. Brait's value of 79.76% is 11% below this industry median. Based on the distribution chart, Brait ranks #920 out of 1571 companies in the Asset Management industry, which is below the industry midpoint. Overall, Brait has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Brait's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Brait ranks #920 out of 1571 companies for Pretax Margin %. This places Brait in the lower half of its industry. The industry median Pretax Margin % is 89.59. Brait's value of 79.76% is 11% below this benchmark. While the company's 10-year median is 89.66 vs. the industry median of 89.59, Brait 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 89.59, based on 1,571 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. Brait's current Pretax Margin % of 79.76% is 11% 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 Brait and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brait's current Pretax Margin % is 79.76%, which is 11% below median its own 10-year median of 89.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brait stock overvalued right now?
Brait (JSE:BAT) has a current Pretax Margin % of 79.76%. The current Pretax Margin % is 79.76%, which is 11% below median its 10-year median of 89.66 and 11% below the Asset Management industry median of 89.59. Brait's overall GF Score™ is 28/100 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 Brait (JSE:BAT), the current Pretax Margin % is 79.76% 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.
Brait PLC is an investment holding company that previously transitioned from a private equity model. It makes investments in sizeable, unlisted businesses operating in the consumer sector. Its investment criteria include taking stakes in companies that make a material impact on Brait's earnings, have management, market position, product line, and a historical track record for profitable growth, all at a sensitive acquisition multiple. Brait measures performance by its net asset value's rolling compound annual growth rate over three years. Revenue is almost exclusively derived from gains on the group's investment portfolio.
28GF Score
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