Coronation Fund ManagersJSE:CML -0.18%76 Pretax Margin % is 46.36% as of Mar. 2026, which is 9% below its 10-year median of 51.13. GuruFocus rates JSE:CML with a GF Score™ of 76/100 and a GF Value™ of R42.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,572 Asset Management companies, Coronation Fund Managers ranks worse than 65.33% on this metric.
The historical rank and industry rank for Coronation Fund Managers's Pretax Margin % or its related term are showing as below:
JSE:CML'
s Pretax Margin % Range Over the Past 10 Years
Min: 45.26 Med: 51.13 Max: 54.2
Current: 50.35
JSE:CML's Pretax Margin % is ranked worse than 65.33% of 1572
companies
in the Asset Management industry
Industry Median: 89.62
vs JSE:CML: 50.35
Coronation Fund Managers (JSE:CML) 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.
Coronation Fund Managers Pretax Margin % Related Terms
Coronation Fund Managers 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.
JSE:CML vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Coronation Fund Managers'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.
Coronation Fund Managers Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers'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.
Coronation Fund Managers (JSE:CML) has a Pretax Margin % of 46.36% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Coronation Fund Managers and its competitors. This is near median its historical median of 51.13. Over the past decade, Coronation Fund Managers' Pretax Margin % has ranged from 45.26 to 54.20. According to the industry distribution chart, Coronation Fund Managers ranks #1027 out of 1572 companies in the Asset Management industry, placing it in the top 65.3%.
Is Coronation Fund Managers' Pretax Margin % too high?
Coronation Fund Managers' current Pretax Margin % of 46.36% is near median its 10-year median of 51.13. Over the past 10 years, this metric has ranged from a low of 45.26 to a high of 54.20. The Asset Management industry median Pretax Margin % is 89.62. Coronation Fund Managers' value of 46.36% is 48.3% below this industry median. Based on the distribution chart, Coronation Fund Managers ranks #1027 out of 1572 companies in the Asset Management industry, which is below the industry midpoint. Overall, Coronation Fund Managers has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coronation Fund Managers' Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Coronation Fund Managers ranks #1027 out of 1572 companies for Pretax Margin %. This places Coronation Fund Managers in the lower half of its industry. The industry median Pretax Margin % is 89.62. Coronation Fund Managers' value of 46.36% is 48.3% below this benchmark. Historically, Coronation Fund Managers' own Pretax Margin % has ranged from 45.26 to 54.20 over the past decade. While the company's 10-year median is 51.13 vs. the industry median of 89.62, Coronation Fund Managers 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 1,572 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. Coronation Fund Managers's current Pretax Margin % of 46.36% is 48.3% 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 Coronation Fund Managers 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. Coronation Fund Managers's current Pretax Margin % is 46.36%, which is near median its own 10-year median of 51.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coronation Fund Managers stock overvalued right now?
Based on GuruFocus' analysis, Coronation Fund Managers (JSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is R42.09, compared to a current price of R39.80 — trading 5.4% below its estimated fair value. The current Pretax Margin % is 46.36%, which is near median its 10-year median of 51.13 and 48.3% below the Asset Management industry median of 89.62. Coronation Fund Managers' overall GF Score™ is 76/100 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 Coronation Fund Managers (JSE:CML), the current Pretax Margin % is 46.36% 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 Coronation Fund Managers (JSE:CML) Overvalued in 2026?
Based on GuruFocus' analysis, Coronation Fund Managers stock appears to be undervalued.
The current stock price of R39.80 is trading 5.4% below its estimated GF Value™ of R42.09.
GuruFocus considers Coronation Fund Managers to be Fairly Valued.
Key valuation signals for JSE:CML:
Pretax Margin %: 46.36% (near median its 10-year median of 51.13)
GF Value™: R42.09 vs. price of R39.80 (5.4% below fair value)
Industry Position: 48.3% below the Asset Management median (#1027 of 1572)
No single metric tells the full story. See the JSE:CML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
76GF Score
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