What is Western Asset Municipal Highome Fund Pretax Margin %?
Western Asset Municipal Highome FundMHF +0.44%59 Pretax Margin % is 92.02% as of Apr. 2026, which is 3% below its 10-year median of 94.50. GuruFocus rates MHF with a GF Score™ of 59/100 and a GF Value™ of $6.85 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,572 Asset Management companies, Western Asset Municipal Highome Fund ranks better than 57.76% on this metric.
MHF'
s Pretax Margin % Range Over the Past 10 Years
Min: 80.85 Med: 94.5 Max: 101.31
Current: 95.33
MHF's Pretax Margin % is ranked better than 57.76% of 1572
companies
in the Asset Management industry
Industry Median: 89.62
vs MHF: 95.33
Western Asset Municipal Highome Fund (NYSE:MHF) 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.
Western Asset Municipal Highome Fund Pretax Margin % Related Terms
Western Asset Municipal Highome Fund 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.
Western Asset Municipal Highome Fund Pretax Margin % Chart
For the Asset Management subindustry, Western Asset Municipal Highome Fund'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.
Western Asset Municipal Highome Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Municipal Highome Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Western Asset Municipal Highome Fund'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.
Western Asset Municipal Highome Fund (MHF) has a Pretax Margin % of 92.02% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Western Asset Municipal Highome Fund and its competitors. This is near median its historical median of 94.50. Over the past decade, Western Asset Municipal Highome Fund's Pretax Margin % has ranged from 80.85 to 101.31. According to the industry distribution chart, Western Asset Municipal Highome Fund ranks #664 out of 1572 companies in the Asset Management industry, placing it in the top 42.2%.
Is Western Asset Municipal Highome Fund's Pretax Margin % too high?
Western Asset Municipal Highome Fund's current Pretax Margin % of 92.02% is near median its 10-year median of 94.50. Over the past 10 years, this metric has ranged from a low of 80.85 to a high of 101.31. The Asset Management industry median Pretax Margin % is 89.62. Western Asset Municipal Highome Fund's value of 92.02% is 2.7% above this industry median. Based on the distribution chart, Western Asset Municipal Highome Fund ranks #664 out of 1572 companies in the Asset Management industry, which is above the industry midpoint. Overall, Western Asset Municipal Highome Fund has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Municipal Highome Fund's Pretax Margin % compare to PIM and MSD?
According to the Asset Management industry distribution chart, Western Asset Municipal Highome Fund ranks #664 out of 1572 companies for Pretax Margin %. This puts Western Asset Municipal Highome Fund in the upper half of its industry. The industry median Pretax Margin % is 89.62. Western Asset Municipal Highome Fund's value of 92.02% is 2.7% above this benchmark. Historically, Western Asset Municipal Highome Fund's own Pretax Margin % has ranged from 80.85 to 101.31 over the past decade. While the company's 10-year median is 94.50 vs. the industry median of 89.62, Western Asset Municipal Highome Fund 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. Western Asset Municipal Highome Fund's current Pretax Margin % of 92.02% is 2.7% 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 Western Asset Municipal Highome Fund 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. Western Asset Municipal Highome Fund's current Pretax Margin % is 92.02%, which is near median its own 10-year median of 94.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Municipal Highome Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Municipal Highome Fund (MHF) is currently considered Fairly Valued. The stock's GF Value™ is $6.85, compared to a current price of $6.89 — trading 0.6% above its estimated fair value. The current Pretax Margin % is 92.02%, which is near median its 10-year median of 94.50 and 2.7% above the Asset Management industry median of 89.62. Western Asset Municipal Highome Fund's overall GF Score™ is 59/100 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 Western Asset Municipal Highome Fund (MHF), the current Pretax Margin % is 92.02% 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 Western Asset Municipal Highome Fund (MHF) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Municipal Highome Fund stock appears to be overvalued.
The current stock price of $6.89 is trading 0.6% above its estimated GF Value™ of $6.85.
GuruFocus considers Western Asset Municipal Highome Fund to be Fairly Valued.
Key valuation signals for MHF:
Pretax Margin %: 92.02% (near median its 10-year median of 94.50)
GF Value™: $6.85 vs. price of $6.89 (0.6% above fair value)
Industry Position: 2.7% above the Asset Management median (#664 of 1572)
No single metric tells the full story. See the MHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset Municipal Highome Fund Business Description
Western Asset Municipal High Income Fund Inc is a diversified closed-end management investment company. The company's objective is to seek high current income exempt from federal income taxes. It invests predominantly in intermediate and long-term municipal debt securities issued by state and local governments.
59GF Score
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