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Calculus VCTLSE:CLC 39 Pretax Margin % is 86.71% as of Mar. 2026, which is 20% below its 10-year median of 107.86. GuruFocus rates LSE:CLC with a GF Score™ of 39/100 and a GF Value™ of £0.31 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,568 Asset Management companies, Calculus VCT ranks worse than 64.29% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Calculus VCT's Pre-Tax Income for the
six
months ended in Mar. 2026 was £1.10 Mil. Calculus VCT's Revenue for the
six
months ended in Mar. 2026 was £1.27 Mil. Therefore, Calculus VCT's pretax margin for the quarter that ended in Mar. 2026 was 86.71%.
The historical rank and industry rank for Calculus VCT's Pretax Margin % or its related term are showing as below:
LSE:CLC'
s Pretax Margin % Range Over the Past 10 Years
Min: 51.19 Med: 107.86 Max: 1706.25
Current: 58.32
LSE:CLC's Pretax Margin % is ranked worse than 64.29% of 1568
companies
in the Asset Management industry
Industry Median: 90.45
vs LSE:CLC: 58.32
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.
Calculus VCT Pretax Margin % Related Terms
Calculus VCT Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Calculus 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:CLC vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Calculus 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.
Calculus VCT Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calculus VCT's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Calculus 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.
Calculus VCT (LSE:CLC) has a Pretax Margin % of 86.71% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Calculus VCT and its competitors. This is 20% below median its historical median of 107.86. Over the past decade, Calculus VCT's Pretax Margin % has ranged from 51.19 to 1,706.25. According to the industry distribution chart, Calculus VCT ranks #1008 out of 1568 companies in the Asset Management industry, placing it in the top 64.3%.
Is Calculus VCT's Pretax Margin % too high?
Calculus VCT's current Pretax Margin % of 86.71% is 20% below median its 10-year median of 107.86. Over the past 10 years, this metric has ranged from a low of 51.19 to a high of 1,706.25. The Asset Management industry median Pretax Margin % is 90.45. Calculus VCT's value of 86.71% is 4.1% below this industry median. Based on the distribution chart, Calculus VCT ranks #1008 out of 1568 companies in the Asset Management industry, which is below the industry midpoint. Overall, Calculus VCT has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calculus VCT's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Calculus VCT ranks #1008 out of 1568 companies for Pretax Margin %. This places Calculus VCT in the lower half of its industry. The industry median Pretax Margin % is 90.45. Calculus VCT's value of 86.71% is 4.1% below this benchmark. Historically, Calculus VCT's own Pretax Margin % has ranged from 51.19 to 1,706.25 over the past decade. While the company's 10-year median is 107.86 vs. the industry median of 90.45, Calculus VCT 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 90.45, based on 1,568 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. Calculus VCT's current Pretax Margin % of 86.71% is 4.1% 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 Calculus VCT and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calculus VCT's current Pretax Margin % is 86.71%, which is 20% below median its own 10-year median of 107.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calculus VCT stock overvalued right now?
Based on GuruFocus' analysis, Calculus VCT (LSE:CLC) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.31, compared to a current price of £0.53 — trading 71.8% above its estimated fair value. The current Pretax Margin % is 86.71%, which is 20% below median its 10-year median of 107.86 and 4.1% below the Asset Management industry median of 90.45. Calculus VCT's overall GF Score™ is 39/100 with 7 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 Calculus VCT (LSE:CLC), the current Pretax Margin % is 86.71% 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 Calculus VCT (LSE:CLC) Overvalued in 2026?
Based on GuruFocus' analysis, Calculus VCT stock appears to be overvalued.
The current stock price of £0.53 is trading 71.8% above its estimated GF Value™ of £0.31.
GuruFocus considers Calculus VCT to be Significantly Overvalued.
Key valuation signals for LSE:CLC:
Pretax Margin %: 86.71% (20% below median its 10-year median of 107.86)
GF Value™: £0.31 vs. price of £0.53 (71.8% above fair value)
Industry Position: 4.1% below the Asset Management median (#1008 of 1568)
No single metric tells the full story. See the LSE:CLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calculus VCT PLC is a part of the financial services sector in the United Kingdom. The company operates as a venture capital trust, focusing on the investment business. The investment objective of the company is to invest mainly in a diverse portfolio of United Kingdom growth companies. The company invests in a portfolio of venture capital investments that will provide sufficient returns to allow the company to maximize annual dividends and achieve capital growth over the medium to long term.
39GF 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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