Partners Group Holding AGXSWX:PGHN -0.50%75 Pretax Margin % is 61.26% as of Dec. 2025, which is 8% below its 10-year median of 66.85. GuruFocus rates XSWX:PGHN with a GF Score™ of 75/100 and a GF Value™ of CHF1,366.02 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,571 Asset Management companies, Partners Group Holding AG ranks worse than 62.89% on this metric.
The historical rank and industry rank for Partners Group Holding AG's Pretax Margin % or its related term are showing as below:
XSWX:PGHN'
s Pretax Margin % Range Over the Past 10 Years
Min: 62.21 Med: 66.85 Max: 69.78
Current: 62.21
XSWX:PGHN's Pretax Margin % is ranked worse than 62.89% of 1571
companies
in the Asset Management industry
Industry Median: 89.85
vs XSWX:PGHN: 62.21
Partners Group Holding AG (XSWX:PGHN) 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.
Partners Group Holding AG Pretax Margin % Related Terms
Partners Group Holding AG 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.
XSWX:PGHN vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Partners Group Holding AG'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.
Partners Group Holding AG Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Partners Group Holding AG'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.
Partners Group Holding AG (XSWX:PGHN) has a Pretax Margin % of 61.26% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Partners Group Holding AG and its competitors. This is near median its historical median of 66.85. Over the past decade, Partners Group Holding AG's Pretax Margin % has ranged from 62.21 to 69.78. According to the industry distribution chart, Partners Group Holding AG ranks #988 out of 1571 companies in the Asset Management industry, placing it in the top 62.9%.
Is Partners Group Holding AG's Pretax Margin % too high?
Partners Group Holding AG's current Pretax Margin % of 61.26% is near median its 10-year median of 66.85. Over the past 10 years, this metric has ranged from a low of 62.21 to a high of 69.78. The Asset Management industry median Pretax Margin % is 89.85. Partners Group Holding AG's value of 61.26% is 31.8% below this industry median. Based on the distribution chart, Partners Group Holding AG ranks #988 out of 1571 companies in the Asset Management industry, which is below the industry midpoint. Overall, Partners Group Holding AG has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #988 out of 1571 companies for Pretax Margin %. This places Partners Group Holding AG in the lower half of its industry. The industry median Pretax Margin % is 89.85. Partners Group Holding AG's value of 61.26% is 31.8% below this benchmark. Historically, Partners Group Holding AG's own Pretax Margin % has ranged from 62.21 to 69.78 over the past decade. While the company's 10-year median is 66.85 vs. the industry median of 89.85, Partners Group Holding AG 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 89.85, 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. Partners Group Holding AG's current Pretax Margin % of 61.26% is 31.8% 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 Partners Group Holding AG and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Partners Group Holding AG's current Pretax Margin % is 61.26%, which is near median its own 10-year median of 66.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (XSWX:PGHN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF1,366.02, compared to a current price of CHF678.20 — trading 50.4% below its estimated fair value. The current Pretax Margin % is 61.26%, which is near median its 10-year median of 66.85 and 31.8% below the Asset Management industry median of 89.85. Partners Group Holding AG's overall GF Score™ is 75/100 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 Partners Group Holding AG (XSWX:PGHN), the current Pretax Margin % is 61.26% as of Dec. 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.
Is Partners Group Holding AG (XSWX:PGHN) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of CHF678.20 is trading 50.4% below its estimated GF Value™ of CHF1,366.02.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for XSWX:PGHN:
Pretax Margin %: 61.26% (near median its 10-year median of 66.85)
GF Value™: CHF1,366.02 vs. price of CHF678.20 (50.4% below fair value)
Industry Position: 31.8% below the Asset Management median (#988 of 1571)
No single metric tells the full story. See the XSWX:PGHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
75GF Score
Get the complete analysis for XSWX:PGHN
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:PGHN has been successfully added to your 
