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Develop NorthLSE:DVNO 32 Pretax Margin % is -18.96% as of May. 2026. GuruFocus rates LSE:DVNO with a GF Score™ of 32/100 and a GF Value™ of £0.81 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,570 Asset Management companies, Develop North ranks worse than 71.08% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Develop North's Pre-Tax Income for the
six
months ended in May. 2026 was £-0.18 Mil. Develop North's Revenue for the
six
months ended in May. 2026 was £0.94 Mil. Therefore, Develop North's pretax margin for the quarter that ended in May. 2026 was -18.96%.
The historical rank and industry rank for Develop North's Pretax Margin % or its related term are showing as below:
LSE:DVNO'
s Pretax Margin % Range Over the Past 10 Years
Min: -19.13 Med: 63.22 Max: 212.21
Current: -19.13
LSE:DVNO's Pretax Margin % is ranked worse than 71.08% of 1570
companies
in the Asset Management industry
Industry Median: 90.34
vs LSE:DVNO: -19.13
Develop North (LSE:DVNO) 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.
Develop North Pretax Margin % Related Terms
Develop North Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Develop North'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:DVNO vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Develop North'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.
Develop North Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Develop North's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Develop North'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.
Develop North (LSE:DVNO) has a Pretax Margin % of -18.96% as of May. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Develop North and its competitors. According to the industry distribution chart, Develop North ranks #1116 out of 1570 companies in the Asset Management industry, placing it in the top 71.1%.
Is Develop North's Pretax Margin % too high?
Develop North's current Pretax Margin % is -18.96%. Based on the distribution chart, Develop North ranks #1116 out of 1570 companies in the Asset Management industry, which is below the industry midpoint. Overall, Develop North has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Develop North's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Develop North ranks #1116 out of 1570 companies for Pretax Margin %. This places Develop North in the lower half of its industry. The industry median Pretax Margin % is 90.34. 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 90.34, 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. 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 Develop North and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Develop North's current Pretax Margin % is -18.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop North stock overvalued right now?
Based on GuruFocus' analysis, Develop North (LSE:DVNO) is currently considered Fairly Valued. The stock's GF Value™ is £0.81, compared to a current price of £0.75 — trading 7.4% below its estimated fair value. The current Pretax Margin % is -18.96%. Develop North's overall GF Score™ is 32/100 with 6 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 Develop North (LSE:DVNO), the current Pretax Margin % is -18.96% as of May. 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 Develop North (LSE:DVNO) Overvalued in 2026?
Based on GuruFocus' analysis, Develop North stock appears to be undervalued.
The current stock price of £0.75 is trading 7.4% below its estimated GF Value™ of £0.81.
GuruFocus considers Develop North to be Fairly Valued.
Key valuation signals for LSE:DVNO:
Pretax Margin %: -18.96%
GF Value™: £0.81 vs. price of £0.75 (7.4% below fair value)
No single metric tells the full story. See the LSE:DVNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term, Its portfolio consists of Apartment Group, Claypath, Dickinson Apartments, St Margaret's Place, Whitley Court, The Millhouse, AM Number Three, Almscliffe, Horizon Middleton Towers, Harrow Living, Jaymac Solutions, Apartment Group, Cutler House Road, Kenley Homes, Horizon Cremation, and Bede Homes.
32GF Score
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