Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Altshuler Shaham FinancialXTAE:ALTF -0.56%78 Pretax Margin % is 19.43% as of Mar. 2026, which is 6% below its 10-year median of 20.69. GuruFocus rates XTAE:ALTF with a GF Score™ of 78/100 and a GF Value™ of ₪5.23 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,575 Asset Management companies, Altshuler Shaham Financial ranks worse than 74.16% 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.
Altshuler Shaham Financial Pretax Margin % Related Terms
Altshuler Shaham Financial 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.
XTAE:ALTF vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Altshuler Shaham Financial'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.
Altshuler Shaham Financial Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Altshuler Shaham Financial's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Altshuler Shaham Financial'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.
Altshuler Shaham Financial (XTAE:ALTF) has a Pretax Margin % of 19.43% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Altshuler Shaham Financial and its competitors. This is near median its historical median of 20.69. Over the past decade, Altshuler Shaham Financial's Pretax Margin % has ranged from 10.63 to 25.53. According to the industry distribution chart, Altshuler Shaham Financial ranks #1168 out of 1575 companies in the Asset Management industry, placing it in the top 74.2%.
Is Altshuler Shaham Financial's Pretax Margin % too high?
Altshuler Shaham Financial's current Pretax Margin % of 19.43% is near median its 10-year median of 20.69. Over the past 10 years, this metric has ranged from a low of 10.63 to a high of 25.53. The Asset Management industry median Pretax Margin % is 90.03. Altshuler Shaham Financial's value of 19.43% is 78.4% below this industry median. Based on the distribution chart, Altshuler Shaham Financial ranks #1168 out of 1575 companies in the Asset Management industry, which is below the industry midpoint. Overall, Altshuler Shaham Financial has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altshuler Shaham Financial's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Altshuler Shaham Financial ranks #1168 out of 1575 companies for Pretax Margin %. This places Altshuler Shaham Financial in the lower half of its industry. The industry median Pretax Margin % is 90.03. Altshuler Shaham Financial's value of 19.43% is 78.4% below this benchmark. Historically, Altshuler Shaham Financial's own Pretax Margin % has ranged from 10.63 to 25.53 over the past decade. While the company's 10-year median is 20.69 vs. the industry median of 90.03, Altshuler Shaham Financial 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 90.03, based on 1,575 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. Altshuler Shaham Financial's current Pretax Margin % of 19.43% is 78.4% 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 Altshuler Shaham Financial and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altshuler Shaham Financial's current Pretax Margin % is 19.43%, which is near median its own 10-year median of 20.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altshuler Shaham Financial stock overvalued right now?
Based on GuruFocus' analysis, Altshuler Shaham Financial (XTAE:ALTF) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪5.23, compared to a current price of ₪6.40 — trading 22.3% above its estimated fair value. The current Pretax Margin % is 19.43%, which is near median its 10-year median of 20.69 and 78.4% below the Asset Management industry median of 90.03. Altshuler Shaham Financial's overall GF Score™ is 78/100 with 3 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 Altshuler Shaham Financial (XTAE:ALTF), the current Pretax Margin % is 19.43% 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 Altshuler Shaham Financial (XTAE:ALTF) Overvalued in 2026?
Based on GuruFocus' analysis, Altshuler Shaham Financial stock appears to be overvalued.
The current stock price of ₪6.40 is trading 22.3% above its estimated GF Value™ of ₪5.23.
GuruFocus considers Altshuler Shaham Financial to be Modestly Overvalued.
Key valuation signals for XTAE:ALTF:
Pretax Margin %: 19.43% (near median its 10-year median of 20.69)
GF Value™: ₪5.23 vs. price of ₪6.40 (22.3% above fair value)
Industry Position: 78.4% below the Asset Management median (#1168 of 1575)
No single metric tells the full story. See the XTAE:ALTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altshuler Shaham Financial Ltd is a manager of provident funds, study and pension funds. It holds a permit to operate provident funds for savings, provident pay and severance pay, central severance pay funds, study funds, central sick pay provident fund, a central provident fund for budgetary pension participation, investment provident funds, and investment provident funds - long-term savings for children (with multiple tracks). The company has two operating segments: The pension fund segment and the Provident fund segment.
78GF Score
Get the complete analysis for XTAE:ALTF
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
XTAE:ALTF has been successfully added to your 
