JPMorgan American Investment TrustLSE:JAM +0.50%43 Pretax Margin % is 99.68% as of Dec. 2025, which is 0% above its 10-year median of 99.65. GuruFocus rates LSE:JAM with a GF Score™ of 43/100 and a GF Value™ of £2.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,572 Asset Management companies, JPMorgan American Investment Trust ranks better than 73.98% on this metric.
The historical rank and industry rank for JPMorgan American Investment Trust's Pretax Margin % or its related term are showing as below:
LSE:JAM'
s Pretax Margin % Range Over the Past 10 Years
Min: 90.99 Med: 99.65 Max: 100.67
Current: 98.81
LSE:JAM's Pretax Margin % is ranked better than 73.98% of 1572
companies
in the Asset Management industry
Industry Median: 89.62
vs LSE:JAM: 98.81
JPMorgan American Investment Trust (LSE:JAM) 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.
JPMorgan American Investment Trust Pretax Margin % Related Terms
JPMorgan American Investment 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.
JPMorgan American Investment Trust Pretax Margin % Chart
LSE:JAM vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, JPMorgan American Investment 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.
JPMorgan American Investment Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, JPMorgan American Investment Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where JPMorgan American Investment 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.
JPMorgan American Investment Trust (LSE:JAM) has a Pretax Margin % of 99.68% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on JPMorgan American Investment Trust and its competitors. This is near median its historical median of 99.65. Over the past decade, JPMorgan American Investment Trust's Pretax Margin % has ranged from 90.99 to 100.67. According to the industry distribution chart, JPMorgan American Investment Trust ranks #409 out of 1572 companies in the Asset Management industry, placing it in the top 26%.
Is JPMorgan American Investment Trust's Pretax Margin % too high?
JPMorgan American Investment Trust's current Pretax Margin % of 99.68% is near median its 10-year median of 99.65. Over the past 10 years, this metric has ranged from a low of 90.99 to a high of 100.67. The Asset Management industry median Pretax Margin % is 89.62. JPMorgan American Investment Trust's value of 99.68% is 11.2% above this industry median. Based on the distribution chart, JPMorgan American Investment Trust ranks #409 out of 1572 companies in the Asset Management industry, which is above the industry midpoint. Overall, JPMorgan American Investment Trust has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JPMorgan American Investment Trust's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, JPMorgan American Investment Trust ranks #409 out of 1572 companies for Pretax Margin %. This puts JPMorgan American Investment Trust in the upper half of its industry. The industry median Pretax Margin % is 89.62. JPMorgan American Investment Trust's value of 99.68% is 11.2% above this benchmark. Historically, JPMorgan American Investment Trust's own Pretax Margin % has ranged from 90.99 to 100.67 over the past decade. While the company's 10-year median is 99.65 vs. the industry median of 89.62, JPMorgan American Investment Trust 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 1,572 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. JPMorgan American Investment Trust's current Pretax Margin % of 99.68% is 11.2% 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 JPMorgan American Investment Trust 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. JPMorgan American Investment Trust's current Pretax Margin % is 99.68%, which is near median its own 10-year median of 99.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan American Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, JPMorgan American Investment Trust (LSE:JAM) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.72, compared to a current price of £12.12 — trading 345.6% above its estimated fair value. The current Pretax Margin % is 99.68%, which is near median its 10-year median of 99.65 and 11.2% above the Asset Management industry median of 89.62. JPMorgan American Investment Trust's overall GF Score™ is 43/100 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 JPMorgan American Investment Trust (LSE:JAM), the current Pretax Margin % is 99.68% 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 JPMorgan American Investment Trust (LSE:JAM) Overvalued in 2026?
Based on GuruFocus' analysis, JPMorgan American Investment Trust stock appears to be overvalued.
The current stock price of £12.12 is trading 345.6% above its estimated GF Value™ of £2.72.
GuruFocus considers JPMorgan American Investment Trust to be Significantly Overvalued.
Key valuation signals for LSE:JAM:
Pretax Margin %: 99.68% (near median its 10-year median of 99.65)
GF Value™: £2.72 vs. price of £12.12 (345.6% above fair value)
Industry Position: 11.2% above the Asset Management median (#409 of 1572)
No single metric tells the full story. See the LSE:JAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JPMorgan American Investment Trust Business Description
JPMorgan American Investment Trust PLC is a UK-based investment trust company. Its investment objective is to provide shareholders with capital growth from North American investments. The company seeks to achieve determined objectives and to manage risk by investing in the diversified portfolio of quoted companies, including smaller capitalization stocks and pooled funds. The company reviews its performance against its benchmark S&P 500 Index, expressed in sterling total return terms.
43GF Score
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