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Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) 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 Next Generation Connectivity Fund Pretax Margin % Related Terms
Neuberger Berman Next Generation Connectivity 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 Next Generation Connectivity Fund Pretax Margin % Chart
Neuberger Berman Next Generation Connectivity Fund Annual Data
Trend
Oct21
Oct22
Oct23
Oct24
Oct25
Pretax Margin %
0.00
100.60
97.15
98.43
98.60
Neuberger Berman Next Generation Connectivity Fund Semi-Annual Data
* 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 Next Generation Connectivity Fund Pretax Margin % vs Asset Management Industry
* 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 Next Generation Connectivity Fund (NBXG) has a Pretax Margin % of 92.43% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors. This is near median its historical median of 98.52. Over the past decade, Neuberger Berman Next Generation Connectivity Fund's Pretax Margin % has ranged from 97.15 to 100.60. According to the industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #433 out of 1570 companies in the Asset Management industry, placing it in the top 27.6%.
Is Neuberger Berman Next Generation Connectivity Fund's Pretax Margin % too high?
Neuberger Berman Next Generation Connectivity Fund's current Pretax Margin % of 92.43% is near median its 10-year median of 98.52. Over the past 10 years, this metric has ranged from a low of 97.15 to a high of 100.60. The Asset Management industry median Pretax Margin % is 90.34. Neuberger Berman Next Generation Connectivity Fund's value of 92.43% is 2.3% above this industry median. Based on the distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #433 out of 1570 companies in the Asset Management industry, which is above the industry midpoint. Overall, Neuberger Berman Next Generation Connectivity Fund has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Berman Next Generation Connectivity Fund's Pretax Margin % compare to FRBP and DSL?
According to the Asset Management industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #433 out of 1570 companies for Pretax Margin %. This puts Neuberger Berman Next Generation Connectivity Fund in the upper half of its industry. The industry median Pretax Margin % is 90.34. Neuberger Berman Next Generation Connectivity Fund's value of 92.43% is 2.3% above this benchmark. Historically, Neuberger Berman Next Generation Connectivity Fund's own Pretax Margin % has ranged from 97.15 to 100.60 over the past decade. While the company's 10-year median is 98.52 vs. the industry median of 90.34, Neuberger Berman Next Generation Connectivity 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 90.34, 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. Neuberger Berman Next Generation Connectivity Fund's current Pretax Margin % of 92.43% is 2.3% 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 Neuberger Berman Next Generation Connectivity Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Berman Next Generation Connectivity Fund's current Pretax Margin % is 92.43%, which is near median its own 10-year median of 98.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Berman Next Generation Connectivity Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Berman Next Generation Connectivity Fund (NBXG) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.16, compared to a current price of $15.26 — trading 16% below its estimated fair value. The current Pretax Margin % is 92.43%, which is near median its 10-year median of 98.52 and 2.3% above the Asset Management industry median of 90.34. Neuberger Berman Next Generation Connectivity Fund's overall GF Score™ is 59/100 with 1 warning sign 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 Next Generation Connectivity Fund (NBXG), the current Pretax Margin % is 92.43% 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 Neuberger Berman Next Generation Connectivity Fund (NBXG) Overvalued in 2026?
Based on GuruFocus' analysis, Neuberger Berman Next Generation Connectivity Fund stock appears to be undervalued.
The current stock price of $15.26 is trading 16% below its estimated GF Value™ of $18.16.
GuruFocus considers Neuberger Berman Next Generation Connectivity Fund to be Modestly Undervalued.
Key valuation signals for NBXG:
Pretax Margin %: 92.43% (near median its 10-year median of 98.52)
GF Value™: $18.16 vs. price of $15.26 (16% below fair value)
Industry Position: 2.3% above the Asset Management median (#433 of 1570)
No single metric tells the full story. See the NBXG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neuberger Berman Next Generation Connectivity Fund Inc. is a non-diversified, closed-end management investment company. The fund's investment objectives are to provide capital appreciation and income. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity securities issued by U.S. and non-U.S. companies, in any market capitalization range, that is relevant to the theme of investing in NextGen Companies.
59GF Score
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