British Smaller VCTLSE:BSV 34 Pretax Margin % is 113.58% as of Mar. 2026, which is 22% above its 10-year median of 92.82. GuruFocus rates LSE:BSV with a GF Score™ of 34/100 and a GF Value™ of £0.09 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,570 Asset Management companies, British Smaller VCT ranks worse than 65.92% on this metric.
The historical rank and industry rank for British Smaller VCT's Pretax Margin % or its related term are showing as below:
LSE:BSV'
s Pretax Margin % Range Over the Past 10 Years
Min: 48.35 Med: 92.82 Max: 111.55
Current: 48.35
LSE:BSV's Pretax Margin % is ranked worse than 65.92% of 1570
companies
in the Asset Management industry
Industry Median: 89.62
vs LSE:BSV: 48.35
British Smaller VCT (LSE:BSV) 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.
British Smaller VCT Pretax Margin % Related Terms
British Smaller VCT Pretax Margin % Historical Data
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The historical data trend for British Smaller VCT'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.
LSE:BSV vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, British Smaller VCT'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.
British Smaller VCT Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, British Smaller VCT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where British Smaller VCT'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.
British Smaller VCT (LSE:BSV) has a Pretax Margin % of 113.58% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on British Smaller VCT and its competitors. This is 22% above median its historical median of 92.82. Over the past decade, British Smaller VCT's Pretax Margin % has ranged from 48.35 to 111.55. According to the industry distribution chart, British Smaller VCT ranks #1035 out of 1570 companies in the Asset Management industry, placing it in the top 65.9%.
Is British Smaller VCT's Pretax Margin % too high?
British Smaller VCT's current Pretax Margin % of 113.58% is 22% above median its 10-year median of 92.82. Over the past 10 years, this metric has ranged from a low of 48.35 to a high of 111.55. The Asset Management industry median Pretax Margin % is 89.62. British Smaller VCT's value of 113.58% is 26.7% above this industry median. Based on the distribution chart, British Smaller VCT ranks #1035 out of 1570 companies in the Asset Management industry, which is below the industry midpoint. Overall, British Smaller VCT has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British Smaller VCT's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, British Smaller VCT ranks #1035 out of 1570 companies for Pretax Margin %. This places British Smaller VCT in the lower half of its industry. The industry median Pretax Margin % is 89.62. British Smaller VCT's value of 113.58% is 26.7% above this benchmark. Historically, British Smaller VCT's own Pretax Margin % has ranged from 48.35 to 111.55 over the past decade. While the company's 10-year median is 92.82 vs. the industry median of 89.62, British Smaller VCT 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 1,570 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. British Smaller VCT's current Pretax Margin % of 113.58% is 26.7% 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 British Smaller VCT 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. British Smaller VCT's current Pretax Margin % is 113.58%, which is 22% above median its own 10-year median of 92.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British Smaller VCT stock overvalued right now?
Based on GuruFocus' analysis, British Smaller VCT (LSE:BSV) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.09, compared to a current price of £0.72 — trading 694.4% above its estimated fair value. The current Pretax Margin % is 113.58%, which is 22% above median its 10-year median of 92.82 and 26.7% above the Asset Management industry median of 89.62. British Smaller VCT's overall GF Score™ is 34/100 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 British Smaller VCT (LSE:BSV), the current Pretax Margin % is 113.58% 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 British Smaller VCT (LSE:BSV) Overvalued in 2026?
Based on GuruFocus' analysis, British Smaller VCT stock appears to be overvalued.
The current stock price of £0.72 is trading 694.4% above its estimated GF Value™ of £0.09.
GuruFocus considers British Smaller VCT to be Significantly Overvalued.
Key valuation signals for LSE:BSV:
Pretax Margin %: 113.58% (22% above median its 10-year median of 92.82)
GF Value™: £0.09 vs. price of £0.72 (694.4% above fair value)
Industry Position: 26.7% above the Asset Management median (#1035 of 1570)
No single metric tells the full story. See the LSE:BSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
British Smaller Companies VCT PLC is a United Kingdom-based company. The company operates as a venture capital trust. The principal activity of the Company is the making of long-term equity and loan investments, mainly in unquoted businesses. The Company has engaged in a single operating segment: investing in equity and debt securities within the United Kingdom.
34GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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