Sprott Physical Silver TrustPSLV -1.07%43 Pretax Margin % is 99.59% as of Mar. 2026, which is 0% above its 10-year median of 99.42. GuruFocus rates PSLV with a GF Score™ of 43/100 and a GF Value™ of $78.85 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,572 Asset Management companies, Sprott Physical Silver Trust ranks better than 82.44% 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.
Sprott Physical Silver Trust Pretax Margin % Related Terms
Sprott Physical Silver 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.
For the Asset Management subindustry, Sprott Physical Silver 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.
Sprott Physical Silver Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Physical Silver Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Sprott Physical Silver 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.
Sprott Physical Silver Trust (PSLV) has a Pretax Margin % of 99.59% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Sprott Physical Silver Trust and its competitors. This is near median its historical median of 99.42. Over the past decade, Sprott Physical Silver Trust's Pretax Margin % has ranged from 95.64 to 112.88. According to the industry distribution chart, Sprott Physical Silver Trust ranks #276 out of 1572 companies in the Asset Management industry, placing it in the top 17.6%.
Is Sprott Physical Silver Trust's Pretax Margin % too high?
Sprott Physical Silver Trust's current Pretax Margin % of 99.59% is near median its 10-year median of 99.42. Over the past 10 years, this metric has ranged from a low of 95.64 to a high of 112.88. The Asset Management industry median Pretax Margin % is 89.62. Sprott Physical Silver Trust's value of 99.59% is 11.1% above this industry median. Based on the distribution chart, Sprott Physical Silver Trust ranks #276 out of 1572 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Sprott Physical Silver Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Silver Trust's Pretax Margin % compare to EQH and IVZ?
According to the Asset Management industry distribution chart, Sprott Physical Silver Trust ranks #276 out of 1572 companies for Pretax Margin %. This places Sprott Physical Silver Trust in the top 18% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.62. Sprott Physical Silver Trust's value of 99.59% is 11.1% above this benchmark. Historically, Sprott Physical Silver Trust's own Pretax Margin % has ranged from 95.64 to 112.88 over the past decade. While the company's 10-year median is 99.42 vs. the industry median of 89.62, Sprott Physical Silver 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 89.62, 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. Sprott Physical Silver Trust's current Pretax Margin % of 99.59% is 11.1% 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 Sprott Physical Silver Trust 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. Sprott Physical Silver Trust's current Pretax Margin % is 99.59%, which is near median its own 10-year median of 99.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Silver Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Physical Silver Trust (PSLV) is currently considered Significantly Undervalued. The stock's GF Value™ is $78.85, compared to a current price of $18.52 — trading 76.5% below its estimated fair value. The current Pretax Margin % is 99.59%, which is near median its 10-year median of 99.42 and 11.1% above the Asset Management industry median of 89.62. Sprott Physical Silver Trust's overall GF Score™ is 43/100 with 2 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 Sprott Physical Silver Trust (PSLV), the current Pretax Margin % is 99.59% as of Mar. 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 Sprott Physical Silver Trust (PSLV) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Physical Silver Trust stock appears to be undervalued.
The current stock price of $18.52 is trading 76.5% below its estimated GF Value™ of $78.85.
GuruFocus considers Sprott Physical Silver Trust to be Significantly Undervalued.
Key valuation signals for PSLV:
Pretax Margin %: 99.59% (near median its 10-year median of 99.42)
GF Value™: $78.85 vs. price of $18.52 (76.5% below fair value)
Industry Position: 11.1% above the Asset Management median (#276 of 1572)
No single metric tells the full story. See the PSLV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Physical Silver Trust is a closed-end mutual fund trust, created to invest and hold substantially all of its assets in physical silver bullion. The Trust seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust achieves its objective by investing mainly in long-term holdings of unencumbered, fully allocated, physical silver bullion and does not speculate about short-term changes in silver prices.
43GF Score
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