Aberforth Smaller TrustLSE:ASL +0.50%57 Pretax Margin % is 89.14% as of Dec. 2025, which is 10% below its 10-year median of 98.80. GuruFocus rates LSE:ASL with a GF Score™ of 57/100 and a GF Value™ of £13.48 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,576 Asset Management companies, Aberforth Smaller Trust ranks better than 60.15% on this metric.
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.
Aberforth Smaller Trust Pretax Margin % Related Terms
Aberforth Smaller Trust 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.
LSE:ASL vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Aberforth Smaller Trust'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.
Aberforth Smaller Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Aberforth Smaller Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Aberforth Smaller Trust'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.
Aberforth Smaller Trust (LSE:ASL) has a Pretax Margin % of 89.14% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Aberforth Smaller Trust and its competitors. This is 10% below median its historical median of 98.80. Over the past decade, Aberforth Smaller Trust's Pretax Margin % has ranged from 95.92 to 101.92. According to the industry distribution chart, Aberforth Smaller Trust ranks #628 out of 1576 companies in the Asset Management industry, placing it in the top 39.8%.
Is Aberforth Smaller Trust's Pretax Margin % too high?
Aberforth Smaller Trust's current Pretax Margin % of 89.14% is 10% below median its 10-year median of 98.80. Over the past 10 years, this metric has ranged from a low of 95.92 to a high of 101.92. The Asset Management industry median Pretax Margin % is 89.48. Aberforth Smaller Trust's value of 89.14% is 0.4% below this industry median. Based on the distribution chart, Aberforth Smaller Trust ranks #628 out of 1576 companies in the Asset Management industry, which is above the industry midpoint. Overall, Aberforth Smaller Trust has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aberforth Smaller Trust's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Aberforth Smaller Trust ranks #628 out of 1576 companies for Pretax Margin %. This puts Aberforth Smaller Trust in the upper half of its industry. The industry median Pretax Margin % is 89.48. Aberforth Smaller Trust's value of 89.14% is 0.4% below this benchmark. Historically, Aberforth Smaller Trust's own Pretax Margin % has ranged from 95.92 to 101.92 over the past decade. While the company's 10-year median is 98.80 vs. the industry median of 89.48, Aberforth Smaller Trust 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 89.48, based on 1,576 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. Aberforth Smaller Trust's current Pretax Margin % of 89.14% is 0.4% 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 Aberforth Smaller Trust and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aberforth Smaller Trust's current Pretax Margin % is 89.14%, which is 10% below median its own 10-year median of 98.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aberforth Smaller Trust stock overvalued right now?
Based on GuruFocus' analysis, Aberforth Smaller Trust (LSE:ASL) is currently considered Modestly Overvalued. The stock's GF Value™ is £13.48, compared to a current price of £16.16 — trading 19.9% above its estimated fair value. The current Pretax Margin % is 89.14%, which is 10% below median its 10-year median of 98.80 and 0.4% below the Asset Management industry median of 89.48. Aberforth Smaller Trust's overall GF Score™ is 57/100 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 Aberforth Smaller Trust (LSE:ASL), the current Pretax Margin % is 89.14% 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 Aberforth Smaller Trust (LSE:ASL) Overvalued in 2026?
Based on GuruFocus' analysis, Aberforth Smaller Trust stock appears to be overvalued.
The current stock price of £16.16 is trading 19.9% above its estimated GF Value™ of £13.48.
GuruFocus considers Aberforth Smaller Trust to be Modestly Overvalued.
Key valuation signals for LSE:ASL:
Pretax Margin %: 89.14% (10% below median its 10-year median of 98.80)
GF Value™: £13.48 vs. price of £16.16 (19.9% above fair value)
Industry Position: 0.4% below the Asset Management median (#628 of 1576)
No single metric tells the full story. See the LSE:ASL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aberforth Smaller Companies Trust PLC is a UK based closed-ended investment trust. Its objective is to achieve a net asset value total return (with dividends reinvested) greater than that of the Numis Smaller Companies Index (excluding Investment Companies) over the long term. The Company also aims to achieve its objective by investing in small United Kingdom quoted companies. It invests in various sectors, such as technology, telecommunications, health care, financials, real estate, consumer discretionary, consumer staples, industrials, basic materials and energy.
57GF Score
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