Neuberger Berman Municipal FundNBH +0.77%58 Pretax Margin % is 74.56% as of Oct. 2025, which is 17% above its 10-year median of 63.53. GuruFocus rates NBH with a GF Score™ of 58/100 and a GF Value™ of $12.91 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,576 Asset Management companies, Neuberger Berman Municipal Fund ranks worse than 71.51% on this metric.
The historical rank and industry rank for Neuberger Berman Municipal Fund's Pretax Margin % or its related term are showing as below:
NBH'
s Pretax Margin % Range Over the Past 10 Years
Min: -136.29 Med: 63.53 Max: 108.31
Current: 29.29
NBH's Pretax Margin % is ranked worse than 71.51% of 1576
companies
in the Asset Management industry
Industry Median: 89.475
vs NBH: 29.29
Neuberger Berman Municipal Fund (AMEX:NBH) 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.
Neuberger Berman Municipal Fund Pretax Margin % Related Terms
Neuberger Berman Municipal 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.
Neuberger Berman Municipal Fund Pretax Margin % Chart
NBH vs NCA, FUND, ARDC: Pretax Margin % Comparison
For the Asset Management subindustry, Neuberger Berman Municipal 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.
Neuberger Berman Municipal Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Neuberger Berman Municipal Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Neuberger Berman Municipal 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.
Neuberger Berman Municipal Fund (NBH) has a Pretax Margin % of 74.56% as of Oct. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Neuberger Berman Municipal Fund and its competitors. This is 17% above median its historical median of 63.53. According to the industry distribution chart, Neuberger Berman Municipal Fund ranks #1127 out of 1576 companies in the Asset Management industry, placing it in the top 71.5%.
Is Neuberger Berman Municipal Fund's Pretax Margin % too high?
Neuberger Berman Municipal Fund's current Pretax Margin % of 74.56% is 17% above median its 10-year median of 63.53. The Asset Management industry median Pretax Margin % is 89.48. Neuberger Berman Municipal Fund's value of 74.56% is 16.7% below this industry median. Based on the distribution chart, Neuberger Berman Municipal Fund ranks #1127 out of 1576 companies in the Asset Management industry, which is below the industry midpoint. Overall, Neuberger Berman Municipal Fund has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Berman Municipal Fund's Pretax Margin % compare to NCA and FUND?
According to the Asset Management industry distribution chart, Neuberger Berman Municipal Fund ranks #1127 out of 1576 companies for Pretax Margin %. This places Neuberger Berman Municipal Fund in the lower half of its industry. The industry median Pretax Margin % is 89.48. Neuberger Berman Municipal Fund's value of 74.56% is 16.7% below this benchmark. While the company's 10-year median is 63.53 vs. the industry median of 89.48, Neuberger Berman Municipal Fund has consistently been below 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 89.48, based on 1,576 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. Neuberger Berman Municipal Fund's current Pretax Margin % of 74.56% is 16.7% below 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 Neuberger Berman Municipal Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Berman Municipal Fund's current Pretax Margin % is 74.56%, which is 17% above median its own 10-year median of 63.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Berman Municipal Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Berman Municipal Fund (NBH) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.91, compared to a current price of $10.52 — trading 18.5% below its estimated fair value. The current Pretax Margin % is 74.56%, which is 17% above median its 10-year median of 63.53 and 16.7% below the Asset Management industry median of 89.48. Neuberger Berman Municipal Fund's overall GF Score™ is 58/100 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 Neuberger Berman Municipal Fund (NBH), the current Pretax Margin % is 74.56% as of Oct. 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 Neuberger Berman Municipal Fund (NBH) Overvalued in 2026?
Based on GuruFocus' analysis, Neuberger Berman Municipal Fund stock appears to be undervalued.
The current stock price of $10.52 is trading 18.5% below its estimated GF Value™ of $12.91.
GuruFocus considers Neuberger Berman Municipal Fund to be Modestly Undervalued.
Key valuation signals for NBH:
Pretax Margin %: 74.56% (17% above median its 10-year median of 63.53)
GF Value™: $12.91 vs. price of $10.52 (18.5% below fair value)
Industry Position: 16.7% below the Asset Management median (#1127 of 1576)
No single metric tells the full story. See the NBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neuberger Berman Municipal Fund Business Description
Neuberger Berman Municipal Fund Inc is a closed-end management investment company that invests mainly in municipal securities. The company aims to provide common stockholders a high level of current income exempt from Federal income tax.
58GF Score
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