MyStateASX:MYS -0.65%64 Net Margin % is 22.40% as of Dec. 2025, which is 6% below its 10-year median of 23.83. GuruFocus rates ASX:MYS with a GF Score™ of 64/100 and a GF Value™ of A$4.13 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,530 Banks companies, MyState ranks worse than 69.87% on this metric.
Net margin is calculated as Net Income divided by its Revenue. MyState's Net Income for the
six
months ended in Dec. 2025 was A$27.3 Mil. MyState's Revenue for the
six
months ended in Dec. 2025 was A$121.8 Mil. Therefore, MyState's net margin for the quarter that ended in Dec. 2025 was 22.40%.
The historical rank and industry rank for MyState's Net Margin % or its related term are showing as below:
ASX:MYS'
s Net Margin % Range Over the Past 10 Years
Min: 19.2 Med: 23.83 Max: 26.24
Current: 20.35
ASX:MYS's Net Margin % is ranked worse than 69.87% of 1530
companies
in the Banks industry
Industry Median: 26.845
vs ASX:MYS: 20.35
MyState (ASX:MYS) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
MyState Net Margin % Related Terms
MyState Net Margin % Historical Data
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The historical data trend for MyState's Net 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.
For the Banks - Regional subindustry, MyState's Net Margin %, along with its competitors' market caps and Net 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.
MyState Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, MyState's Net Margin % distribution charts can be found below:
* The bar in red indicates where MyState's Net 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.
MyState (ASX:MYS) has a Net Margin % of 22.40% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on MyState and its competitors. This is near median its historical median of 23.83. Over the past decade, MyState's Net Margin % has ranged from 19.20 to 26.24. According to the industry distribution chart, MyState ranks #1069 out of 1530 companies in the Banks industry, placing it in the top 69.9%.
Is MyState's Net Margin % too high?
MyState's current Net Margin % of 22.40% is near median its 10-year median of 23.83. Over the past 10 years, this metric has ranged from a low of 19.20 to a high of 26.24. The Banks industry median Net Margin % is 26.85. MyState's value of 22.40% is 16.6% below this industry median. Based on the distribution chart, MyState ranks #1069 out of 1530 companies in the Banks industry, which is below the industry midpoint. Overall, MyState has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MyState's Net Margin % compare to PNC and USB?
According to the Banks industry distribution chart, MyState ranks #1069 out of 1530 companies for Net Margin %. This places MyState in the lower half of its industry. The industry median Net Margin % is 26.85. MyState's value of 22.40% is 16.6% below this benchmark. Historically, MyState's own Net Margin % has ranged from 19.20 to 26.24 over the past decade. While the company's 10-year median is 23.83 vs. the industry median of 26.85, MyState 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 Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.85, based on 1,530 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MyState's current Net Margin % of 22.40% is 16.6% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on MyState and its competitors. For the Banks industry, the median Net Margin % is 26.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MyState's current Net Margin % is 22.40%, which is near median its own 10-year median of 23.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MyState stock overvalued right now?
Based on GuruFocus' analysis, MyState (ASX:MYS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.13, compared to a current price of A$4.58 — trading 10.9% above its estimated fair value. The current Net Margin % is 22.40%, which is near median its 10-year median of 23.83 and 16.6% below the Banks industry median of 26.85. MyState's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For MyState (ASX:MYS), the current Net Margin % is 22.40% 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 MyState (ASX:MYS) Overvalued in 2026?
Based on GuruFocus' analysis, MyState stock appears to be overvalued.
The current stock price of A$4.58 is trading 10.9% above its estimated GF Value™ of A$4.13.
GuruFocus considers MyState to be Modestly Overvalued.
Key valuation signals for ASX:MYS:
Net Margin %: 22.40% (near median its 10-year median of 23.83)
GF Value™: A$4.13 vs. price of A$4.58 (10.9% above fair value)
Industry Position: 16.6% below the Banks median (#1069 of 1530)
No single metric tells the full story. See the ASX:MYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MyState Limited is a Tasmania-based financial company that provides banking, trustee, and funds management services. The company generates the vast majority of its profit from its banking business, which provides a range of financial services including home and personal loans, credit and debit cards, and equipment finance. Home loans account for the vast majority of its loan book. The funds management segment provides trustee and funds management services through the subsidiary TPT Wealth.
64GF Score
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