What is Manchester & London Investment Trust Pretax Margin %?
Manchester & London Investment TrustLSE:MNL +1.32%44 Pretax Margin % is 106.07% as of Jan. 2026, which is 8% above its 10-year median of 98.05. GuruFocus rates LSE:MNL with a GF Score™ of 44/100 and a GF Value™ of £5.83 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,570 Asset Management companies, Manchester & London Investment Trust ranks better than 76.75% on this metric.
LSE:MNL'
s Pretax Margin % Range Over the Past 10 Years
Min: 96.63 Med: 98.05 Max: 100.99
Current: 99.13
LSE:MNL's Pretax Margin % is ranked better than 76.75% of 1570
companies
in the Asset Management industry
Industry Median: 89.62
vs LSE:MNL: 99.13
Manchester & London Investment Trust (LSE:MNL) 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.
Manchester & London Investment Trust Pretax Margin % Related Terms
Manchester & London 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.
Manchester & London Investment Trust Pretax Margin % Chart
LSE:MNL vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Manchester & London 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.
Manchester & London Investment Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Manchester & London 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.
Manchester & London Investment Trust (LSE:MNL) has a Pretax Margin % of 106.07% as of Jan. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Manchester & London Investment Trust and its competitors. This is near median its historical median of 98.05. Over the past decade, Manchester & London Investment Trust's Pretax Margin % has ranged from 96.63 to 100.99. According to the industry distribution chart, Manchester & London Investment Trust ranks #365 out of 1570 companies in the Asset Management industry, placing it in the top 23.2%.
Is Manchester & London Investment Trust's Pretax Margin % too high?
Manchester & London Investment Trust's current Pretax Margin % of 106.07% is near median its 10-year median of 98.05. Over the past 10 years, this metric has ranged from a low of 96.63 to a high of 100.99. The Asset Management industry median Pretax Margin % is 89.62. Manchester & London Investment Trust's value of 106.07% is 18.4% above this industry median. Based on the distribution chart, Manchester & London Investment Trust ranks #365 out of 1570 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Manchester & London Investment Trust has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester & London Investment Trust's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Manchester & London Investment Trust ranks #365 out of 1570 companies for Pretax Margin %. This places Manchester & London Investment Trust in the top 23% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.62. Manchester & London Investment Trust's value of 106.07% is 18.4% above this benchmark. Historically, Manchester & London Investment Trust's own Pretax Margin % has ranged from 96.63 to 100.99 over the past decade. While the company's 10-year median is 98.05 vs. the industry median of 89.62, Manchester & London 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 1,570 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. Manchester & London Investment Trust's current Pretax Margin % of 106.07% is 18.4% 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 Manchester & London 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. Manchester & London Investment Trust's current Pretax Margin % is 106.07%, which is near median its own 10-year median of 98.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester & London Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Manchester & London Investment Trust (LSE:MNL) is currently considered Significantly Overvalued. The stock's GF Value™ is £5.83, compared to a current price of £11.50 — trading 97.3% above its estimated fair value. The current Pretax Margin % is 106.07%, which is near median its 10-year median of 98.05 and 18.4% above the Asset Management industry median of 89.62. Manchester & London Investment Trust's overall GF Score™ is 44/100 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 Manchester & London Investment Trust (LSE:MNL), the current Pretax Margin % is 106.07% as of Jan. 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 Manchester & London Investment Trust (LSE:MNL) Overvalued in 2026?
Based on GuruFocus' analysis, Manchester & London Investment Trust stock appears to be overvalued.
The current stock price of £11.50 is trading 97.3% above its estimated GF Value™ of £5.83.
GuruFocus considers Manchester & London Investment Trust to be Significantly Overvalued.
Key valuation signals for LSE:MNL:
Pretax Margin %: 106.07% (near median its 10-year median of 98.05)
GF Value™: £5.83 vs. price of £11.50 (97.3% above fair value)
Industry Position: 18.4% above the Asset Management median (#365 of 1570)
No single metric tells the full story. See the LSE:MNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manchester & London Investment Trust Business Description
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.
44GF Score
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