Personal Assets TrustLSE:PNL +0.19%64 Pretax Margin % is 154.28% as of Apr. 2026, which is 57% above its 10-year median of 98.42. GuruFocus rates LSE:PNL with a GF Score™ of 64/100 and a GF Value™ of £6.41 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,571 Asset Management companies, Personal Assets Trust ranks better than 68.49% on this metric.
The historical rank and industry rank for Personal Assets Trust's Pretax Margin % or its related term are showing as below:
LSE:PNL'
s Pretax Margin % Range Over the Past 10 Years
Min: 95.53 Med: 98.42 Max: 126.75
Current: 98.31
LSE:PNL's Pretax Margin % is ranked better than 68.49% of 1571
companies
in the Asset Management industry
Industry Median: 89.85
vs LSE:PNL: 98.31
Personal Assets Trust (LSE:PNL) 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.
Personal Assets Trust Pretax Margin % Related Terms
Personal Assets Trust Pretax Margin % Historical Data
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The historical data trend for Personal Assets Trust'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:PNL vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Personal Assets 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.
Personal Assets Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Personal Assets Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Personal Assets 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.
Personal Assets Trust (LSE:PNL) has a Pretax Margin % of 154.28% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Personal Assets Trust and its competitors. This is 57% above median its historical median of 98.42. Over the past decade, Personal Assets Trust's Pretax Margin % has ranged from 95.53 to 126.75. According to the industry distribution chart, Personal Assets Trust ranks #495 out of 1571 companies in the Asset Management industry, placing it in the top 31.5%.
Is Personal Assets Trust's Pretax Margin % too high?
Personal Assets Trust's current Pretax Margin % of 154.28% is 57% above median its 10-year median of 98.42. Over the past 10 years, this metric has ranged from a low of 95.53 to a high of 126.75. The Asset Management industry median Pretax Margin % is 89.85. Personal Assets Trust's value of 154.28% is 71.7% above this industry median. Based on the distribution chart, Personal Assets Trust ranks #495 out of 1571 companies in the Asset Management industry, which is above the industry midpoint. Overall, Personal Assets Trust has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Personal Assets Trust's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Personal Assets Trust ranks #495 out of 1571 companies for Pretax Margin %. This puts Personal Assets Trust in the upper half of its industry. The industry median Pretax Margin % is 89.85. Personal Assets Trust's value of 154.28% is 71.7% above this benchmark. Historically, Personal Assets Trust's own Pretax Margin % has ranged from 95.53 to 126.75 over the past decade. While the company's 10-year median is 98.42 vs. the industry median of 89.85, Personal Assets 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 89.85, based on 1,571 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. Personal Assets Trust's current Pretax Margin % of 154.28% is 71.7% 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 Personal Assets Trust and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Personal Assets Trust's current Pretax Margin % is 154.28%, which is 57% above median its own 10-year median of 98.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Personal Assets Trust stock overvalued right now?
Based on GuruFocus' analysis, Personal Assets Trust (LSE:PNL) is currently considered Modestly Undervalued. The stock's GF Value™ is £6.41, compared to a current price of £5.40 — trading 15.8% below its estimated fair value. The current Pretax Margin % is 154.28%, which is 57% above median its 10-year median of 98.42 and 71.7% above the Asset Management industry median of 89.85. Personal Assets Trust's overall GF Score™ is 64/100 with 4 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 Personal Assets Trust (LSE:PNL), the current Pretax Margin % is 154.28% as of Apr. 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 Personal Assets Trust (LSE:PNL) Overvalued in 2026?
Based on GuruFocus' analysis, Personal Assets Trust stock appears to be undervalued.
The current stock price of £5.40 is trading 15.8% below its estimated GF Value™ of £6.41.
GuruFocus considers Personal Assets Trust to be Modestly Undervalued.
Key valuation signals for LSE:PNL:
Pretax Margin %: 154.28% (57% above median its 10-year median of 98.42)
GF Value™: £6.41 vs. price of £5.40 (15.8% below fair value)
Industry Position: 71.7% above the Asset Management median (#495 of 1571)
No single metric tells the full story. See the LSE:PNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Personal Assets Trust PLC is an investment trust for private investors, ranging from first-time savers to experienced investors. The Company carries on the business of an investment trust and has been approved as such by HM Revenue & Customs. Its investment policy is to protect and increase, in that order, the value of shareholders' funds per share over the long term.
64GF Score
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