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Western Asset Intermediate Muni FdSBI -0.26%30 Pretax Margin % is 86.26% as of Nov. 2025, which is 12% above its 10-year median of 77.15. GuruFocus rates SBI with a GF Scoreâ„¢ of 30/100. The stock has 7 warning signs investors should review. Among 1,571 Asset Management companies, Western Asset Intermediate Muni Fd ranks worse than 66.84% on this metric.
The historical rank and industry rank for Western Asset Intermediate Muni Fd's Pretax Margin % or its related term are showing as below:
SBI'
s Pretax Margin % Range Over the Past 10 Years
Min: -40.7 Med: 77.15 Max: 107.77
Current: 44.39
SBI's Pretax Margin % is ranked worse than 66.84% of 1571
companies
in the Asset Management industry
Industry Median: 90
vs SBI: 44.39
Western Asset Intermediate Muni Fd (NYSE:SBI) 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 Intermediate Muni Fd Pretax Margin % Related Terms
Western Asset Intermediate Muni Fd 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 Intermediate Muni Fd Pretax Margin % Chart
For the Asset Management subindustry, Western Asset Intermediate Muni Fd'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 Intermediate Muni Fd Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Intermediate Muni Fd's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Western Asset Intermediate Muni Fd'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 Intermediate Muni Fd (SBI) has a Pretax Margin % of 86.26% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Western Asset Intermediate Muni Fd and its competitors. This is 12% above median its historical median of 77.15. According to the industry distribution chart, Western Asset Intermediate Muni Fd ranks #1050 out of 1571 companies in the Asset Management industry, placing it in the top 66.8%.
Is Western Asset Intermediate Muni Fd's Pretax Margin % too high?
Western Asset Intermediate Muni Fd's current Pretax Margin % of 86.26% is 12% above median its 10-year median of 77.15. The Asset Management industry median Pretax Margin % is 90.00. Western Asset Intermediate Muni Fd's value of 86.26% is 4.2% below this industry median. Based on the distribution chart, Western Asset Intermediate Muni Fd ranks #1050 out of 1571 companies in the Asset Management industry, which is below the industry midpoint. Overall, Western Asset Intermediate Muni Fd has a GF Scoreâ„¢ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Western Asset Intermediate Muni Fd's Pretax Margin % compare to GLU and ERH?
According to the Asset Management industry distribution chart, Western Asset Intermediate Muni Fd ranks #1050 out of 1571 companies for Pretax Margin %. This places Western Asset Intermediate Muni Fd in the lower half of its industry. The industry median Pretax Margin % is 90.00. Western Asset Intermediate Muni Fd's value of 86.26% is 4.2% below this benchmark. While the company's 10-year median is 77.15 vs. the industry median of 90.00, Western Asset Intermediate Muni Fd 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 90.00, based on 1,571 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 Intermediate Muni Fd's current Pretax Margin % of 86.26% is 4.2% 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 Western Asset Intermediate Muni Fd and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Intermediate Muni Fd's current Pretax Margin % is 86.26%, which is 12% above median its own 10-year median of 77.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Intermediate Muni Fd stock overvalued right now?
Western Asset Intermediate Muni Fd (SBI) has a current Pretax Margin % of 86.26%. The current Pretax Margin % is 86.26%, which is 12% above median its 10-year median of 77.15 and 4.2% below the Asset Management industry median of 90.00. Western Asset Intermediate Muni Fd's overall GF Score™ is 30/100 with 7 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 Intermediate Muni Fd (SBI), the current Pretax Margin % is 86.26% as of Nov. 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.
Western Asset Intermediate Muni Fd Business Description
Western Asset Intermediate Muni Fd Inc is a diversified closed-end management investment company. The fund's objective is to provide a high level of current income exempt from Federal income taxes. Under normal market conditions, the Fund will invest at least 80% of its total assets in municipal obligations. In addition, under normal market conditions, the Fund will invest at least 80% of its total assets in debt securities that are, at the time of investment, rated investment grade by a nationally recognized statistical rating organization or, if unrated, of equivalent quality as determined by the investment manager.
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