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Delaware Investments Natl MuniomeVFL -0.58%32 Pretax Margin % is 24.83% as of Mar. 2026, which is 73% below its 10-year median of 91.46. GuruFocus rates VFL with a GF Scoreâ„¢ of 32/100. The stock has 4 warning signs investors should review. Among 1,574 Asset Management companies, Delaware Investments Natl Muniome ranks worse than 67.53% 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.
Delaware Investments Natl Muniome Pretax Margin % Related Terms
Delaware Investments Natl Muniome 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, Delaware Investments Natl Muniome'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.
Delaware Investments Natl Muniome Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Delaware Investments Natl Muniome's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Delaware Investments Natl Muniome'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.
Delaware Investments Natl Muniome (VFL) has a Pretax Margin % of 24.83% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Delaware Investments Natl Muniome and its competitors. This is 73% below median its historical median of 91.46. According to the industry distribution chart, Delaware Investments Natl Muniome ranks #1063 out of 1574 companies in the Asset Management industry, placing it in the top 67.5%.
Is Delaware Investments Natl Muniome's Pretax Margin % too high?
Delaware Investments Natl Muniome's current Pretax Margin % of 24.83% is 73% below median its 10-year median of 91.46. The Asset Management industry median Pretax Margin % is 89.93. Delaware Investments Natl Muniome's value of 24.83% is 72.4% below this industry median. Based on the distribution chart, Delaware Investments Natl Muniome ranks #1063 out of 1574 companies in the Asset Management industry, which is below the industry midpoint. Overall, Delaware Investments Natl Muniome has a GF Scoreâ„¢ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Delaware Investments Natl Muniome's Pretax Margin % compare to WEA and JHS?
According to the Asset Management industry distribution chart, Delaware Investments Natl Muniome ranks #1063 out of 1574 companies for Pretax Margin %. This places Delaware Investments Natl Muniome in the lower half of its industry. The industry median Pretax Margin % is 89.93. Delaware Investments Natl Muniome's value of 24.83% is 72.4% below this benchmark. While the company's 10-year median is 91.46 vs. the industry median of 89.93, Delaware Investments Natl Muniome 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 89.93, based on 1,574 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. Delaware Investments Natl Muniome's current Pretax Margin % of 24.83% is 72.4% 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 Delaware Investments Natl Muniome and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delaware Investments Natl Muniome's current Pretax Margin % is 24.83%, which is 73% below median its own 10-year median of 91.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delaware Investments Natl Muniome stock overvalued right now?
Delaware Investments Natl Muniome (VFL) has a current Pretax Margin % of 24.83%. The current Pretax Margin % is 24.83%, which is 73% below median its 10-year median of 91.46 and 72.4% below the Asset Management industry median of 89.93. Delaware Investments Natl Muniome's overall GF Score™ is 32/100 with 4 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 Delaware Investments Natl Muniome (VFL), the current Pretax Margin % is 24.83% 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.
Delaware Investments Natl Muniome Business Description
Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund's investment objective is to seek to provide current income exempt from regular federal income tax, consistent with the preservation of capital. The company's product portfolio includes Mutual funds, Exchange-traded funds, Private markets, and Closed-end funds.
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