Pershing Square HoldingsLSE:PSH -0.48%26 Pretax Margin % is 98.34% as of Dec. 2025, which is 1% below its 10-year median of 99.57. GuruFocus rates LSE:PSH with a GF Score™ of 26/100. The stock has 5 warning signs investors should review. Among 1,571 Asset Management companies, Pershing Square Holdings ranks better than 78.8% on this metric.
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.
Pershing Square Holdings Pretax Margin % Related Terms
Pershing Square Holdings 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.
LSE:PSH vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Pershing Square Holdings'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.
Pershing Square Holdings Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pershing Square Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Pershing Square Holdings'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.
Pershing Square Holdings (LSE:PSH) has a Pretax Margin % of 98.34% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pershing Square Holdings and its competitors. This is near median its historical median of 99.57. Over the past decade, Pershing Square Holdings' Pretax Margin % has ranged from 98.67 to 173.25. According to the industry distribution chart, Pershing Square Holdings ranks #333 out of 1571 companies in the Asset Management industry, placing it in the top 21.2%.
Is Pershing Square Holdings' Pretax Margin % too high?
Pershing Square Holdings' current Pretax Margin % of 98.34% is near median its 10-year median of 99.57. Over the past 10 years, this metric has ranged from a low of 98.67 to a high of 173.25. The Asset Management industry median Pretax Margin % is 89.59. Pershing Square Holdings' value of 98.34% is 9.8% above this industry median. Based on the distribution chart, Pershing Square Holdings ranks #333 out of 1571 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Pershing Square Holdings has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Pershing Square Holdings' Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Pershing Square Holdings ranks #333 out of 1571 companies for Pretax Margin %. This places Pershing Square Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.59. Pershing Square Holdings' value of 98.34% is 9.8% above this benchmark. Historically, Pershing Square Holdings' own Pretax Margin % has ranged from 98.67 to 173.25 over the past decade. While the company's 10-year median is 99.57 vs. the industry median of 89.59, Pershing Square Holdings 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 89.59, 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. Pershing Square Holdings's current Pretax Margin % of 98.34% is 9.8% 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 Pershing Square Holdings and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pershing Square Holdings's current Pretax Margin % is 98.34%, which is near median its own 10-year median of 99.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square Holdings stock overvalued right now?
Pershing Square Holdings (LSE:PSH) has a current Pretax Margin % of 98.34%. The current Pretax Margin % is 98.34%, which is near median its 10-year median of 99.57 and 9.8% above the Asset Management industry median of 89.59. Pershing Square Holdings' overall GF Score™ is 26/100 with 5 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 Pershing Square Holdings (LSE:PSH), the current Pretax Margin % is 98.34% 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.
Pershing Square Holdings Ltd is a closed-ended investment scheme. The company's investment objective is to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. It seeks to achieve its investment objective through long and occasionally short positions in equity or debt securities of public U.S. and non-U.S. issuers, derivative instruments, and other financial instruments.
26GF Score
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