Fiera CapitalTSX:FSZ -0.97%71 Pretax Margin % is 5.45% as of Mar. 2026, which is 14% below its 10-year median of 6.36. GuruFocus rates TSX:FSZ with a GF Score™ of 71/100 and a GF Value™ of C$6.43 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,576 Asset Management companies, Fiera Capital ranks worse than 80.52% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Fiera Capital's Pre-Tax Income for the
three
months ended in Mar. 2026 was C$8.3 Mil. Fiera Capital's Revenue for the
three
months ended in Mar. 2026 was C$152.4 Mil. Therefore, Fiera Capital's pretax margin for the quarter that ended in Mar. 2026 was 5.45%.
The historical rank and industry rank for Fiera Capital's Pretax Margin % or its related term are showing as below:
TSX:FSZ'
s Pretax Margin % Range Over the Past 10 Years
Min: -0.96 Med: 6.36 Max: 13.4
Current: 7.51
TSX:FSZ's Pretax Margin % is ranked worse than 80.52% of 1576
companies
in the Asset Management industry
Industry Median: 89.475
vs TSX:FSZ: 7.51
Fiera Capital (TSX:FSZ) 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.
Fiera Capital Pretax Margin % Related Terms
Fiera Capital Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Fiera Capital's Pretax Margin % can be seen below:
* 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.
TSX:FSZ vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Fiera Capital'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.
Fiera Capital Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fiera Capital's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Fiera Capital'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.
Fiera Capital (TSX:FSZ) has a Pretax Margin % of 5.45% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Fiera Capital and its competitors. This is 14% below median its historical median of 6.36. According to the industry distribution chart, Fiera Capital ranks #1269 out of 1576 companies in the Asset Management industry, placing it in the top 80.5%.
Is Fiera Capital's Pretax Margin % too high?
Fiera Capital's current Pretax Margin % of 5.45% is 14% below median its 10-year median of 6.36. The Asset Management industry median Pretax Margin % is 89.48. Fiera Capital's value of 5.45% is 93.9% below this industry median. Based on the distribution chart, Fiera Capital ranks #1269 out of 1576 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Fiera Capital has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fiera Capital's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Fiera Capital ranks #1269 out of 1576 companies for Pretax Margin %. This places Fiera Capital in the lower half of its industry. The industry median Pretax Margin % is 89.48. Fiera Capital's value of 5.45% is 93.9% below this benchmark. While the company's 10-year median is 6.36 vs. the industry median of 89.48, Fiera Capital 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. Fiera Capital's current Pretax Margin % of 5.45% is 93.9% 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 Fiera Capital 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. Fiera Capital's current Pretax Margin % is 5.45%, which is 14% below median its own 10-year median of 6.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Capital stock overvalued right now?
Based on GuruFocus' analysis, Fiera Capital (TSX:FSZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$6.43, compared to a current price of C$5.10 — trading 20.7% below its estimated fair value. The current Pretax Margin % is 5.45%, which is 14% below median its 10-year median of 6.36 and 93.9% below the Asset Management industry median of 89.48. Fiera Capital's overall GF Score™ is 71/100 with 8 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 Fiera Capital (TSX:FSZ), the current Pretax Margin % is 5.45% 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 Fiera Capital (TSX:FSZ) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Capital stock appears to be undervalued.
The current stock price of C$5.10 is trading 20.7% below its estimated GF Value™ of C$6.43.
GuruFocus considers Fiera Capital to be Modestly Undervalued.
Key valuation signals for TSX:FSZ:
Pretax Margin %: 5.45% (14% below median its 10-year median of 6.36)
GF Value™: C$6.43 vs. price of C$5.10 (20.7% below fair value)
Industry Position: 93.9% below the Asset Management median (#1269 of 1576)
No single metric tells the full story. See the TSX:FSZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Capital Corp is an asset management firm that delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary, and private wealth clients. The company's operating segment is asset management services. Its geographical segments are Canada, the United States of America, Europe, Middle East, & Africa, and Asia. The company derives the majority of its revenue from Canada.
71GF Score
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