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.
Pioneer Floating Rate Trust Pretax Margin % Related Terms
Pioneer Floating Rate Trust 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.
PHD vs DEFG, PIAC, SVVC: Pretax Margin % Comparison
For the Asset Management subindustry, Pioneer Floating Rate 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.
Pioneer Floating Rate Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Pioneer Floating Rate 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.
Pioneer Floating Rate Trust (PHD) has a Pretax Margin % of 90.88% as of May. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pioneer Floating Rate Trust and its competitors. This is near median its historical median of 95.03. Over the past decade, Pioneer Floating Rate Trust's Pretax Margin % has ranged from 44.35 to 103.56.
Is Pioneer Floating Rate Trust's Pretax Margin % too high?
Pioneer Floating Rate Trust's current Pretax Margin % of 90.88% is near median its 10-year median of 95.03. Over the past 10 years, this metric has ranged from a low of 44.35 to a high of 103.56. The Asset Management industry median Pretax Margin % is 89.48. Pioneer Floating Rate Trust's value of 90.88% is 1.6% above this industry median. Overall, Pioneer Floating Rate Trust has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Floating Rate Trust's Pretax Margin % compare to DEFG and PIAC?
Pioneer Floating Rate Trust's Pretax Margin % of 90.88% can be compared against companies in the Asset Management industry. The industry median Pretax Margin % is 89.48. Pioneer Floating Rate Trust's value of 90.88% is 1.6% above this benchmark. Historically, Pioneer Floating Rate Trust's own Pretax Margin % has ranged from 44.35 to 103.56 over the past decade. While the company's 10-year median is 95.03 vs. the industry median of 89.48, Pioneer Floating Rate 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 89.48, based on 1,580 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. Pioneer Floating Rate Trust's current Pretax Margin % of 90.88% is 1.6% 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 Pioneer Floating Rate Trust 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. Pioneer Floating Rate Trust's current Pretax Margin % is 90.88%, which is near median its own 10-year median of 95.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Floating Rate Trust stock overvalued right now?
Pioneer Floating Rate Trust (PHD) has a current Pretax Margin % of 90.88%. The current Pretax Margin % is 90.88%, which is near median its 10-year median of 95.03 and 1.6% above the Asset Management industry median of 89.48. Pioneer Floating Rate Trust's overall GF Score™ is 12/100 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 Pioneer Floating Rate Trust (PHD), the current Pretax Margin % is 90.88% as of May. 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.
Pioneer Floating Rate Trust is a diversified, closed-end fund. It invests in the fixed income markets of the United States. The fund basically invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the other High Yield Loans Index banks.
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