Porto SeguroBSP:PSSA3 -1.97%74 Net Margin % is 10.16% as of Mar. 2026, which is 44% above its 10-year median of 7.06. GuruFocus rates BSP:PSSA3 with a GF Score™ of 74/100 and a GF Value™ of R$45.15 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 503 Insurance companies, Porto Seguro ranks worse than 54.27% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Porto Seguro's Net Income for the
three
months ended in Mar. 2026 was R$1,134 Mil. Porto Seguro's Revenue for the
three
months ended in Mar. 2026 was R$11,162 Mil. Therefore, Porto Seguro's net margin for the quarter that ended in Mar. 2026 was 10.16%.
The historical rank and industry rank for Porto Seguro's Net Margin % or its related term are showing as below:
BSP:PSSA3'
s Net Margin % Range Over the Past 10 Years
Min: 4.66 Med: 7.06 Max: 8.53
Current: 8.42
BSP:PSSA3's Net Margin % is ranked worse than 54.27% of 503
companies
in the Insurance industry
Industry Median: 9.29
vs BSP:PSSA3: 8.42
Porto Seguro (BSP:PSSA3) 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.
Porto Seguro Net Margin % Related Terms
Porto Seguro Net Margin % Historical Data
* Premium members only.
The historical data trend for Porto Seguro'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.
BSP:PSSA3 vs BRK.A, AIG, HIG: Net Margin % Comparison
For the Insurance - Diversified subindustry, Porto Seguro'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.
Porto Seguro Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Porto Seguro's Net Margin % distribution charts can be found below:
* The bar in red indicates where Porto Seguro'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.
Porto Seguro (BSP:PSSA3) has a Net Margin % of 10.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Porto Seguro and its competitors. This is 44% above median its historical median of 7.06. Over the past decade, Porto Seguro's Net Margin % has ranged from 4.66 to 8.53. According to the industry distribution chart, Porto Seguro ranks #273 out of 503 companies in the Insurance industry, placing it in the top 54.3%.
Is Porto Seguro's Net Margin % too high?
Porto Seguro's current Net Margin % of 10.16% is 44% above median its 10-year median of 7.06. Over the past 10 years, this metric has ranged from a low of 4.66 to a high of 8.53. The Insurance industry median Net Margin % is 9.29. Porto Seguro's value of 10.16% is 9.4% above this industry median. Based on the distribution chart, Porto Seguro ranks #273 out of 503 companies in the Insurance industry, which is below the industry midpoint. Overall, Porto Seguro has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Porto Seguro's Net Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Porto Seguro ranks #273 out of 503 companies for Net Margin %. This places Porto Seguro in the lower half of its industry. The industry median Net Margin % is 9.29. Porto Seguro's value of 10.16% is 9.4% above this benchmark. Historically, Porto Seguro's own Net Margin % has ranged from 4.66 to 8.53 over the past decade. While the company's 10-year median is 7.06 vs. the industry median of 9.29, Porto Seguro has consistently been above 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 an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 503 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. Porto Seguro's current Net Margin % of 10.16% is 9.4% above 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 Porto Seguro and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Porto Seguro's current Net Margin % is 10.16%, which is 44% above median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Porto Seguro stock overvalued right now?
Based on GuruFocus' analysis, Porto Seguro (BSP:PSSA3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$45.15, compared to a current price of R$52.19 — trading 15.6% above its estimated fair value. The current Net Margin % is 10.16%, which is 44% above median its 10-year median of 7.06 and 9.4% above the Insurance industry median of 9.29. Porto Seguro's overall GF Score™ is 74/100 with 2 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 Porto Seguro (BSP:PSSA3), the current Net Margin % is 10.16% 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 Porto Seguro (BSP:PSSA3) Overvalued in 2026?
Based on GuruFocus' analysis, Porto Seguro stock appears to be overvalued.
The current stock price of R$52.19 is trading 15.6% above its estimated GF Value™ of R$45.15.
GuruFocus considers Porto Seguro to be Modestly Overvalued.
Key valuation signals for BSP:PSSA3:
Net Margin %: 10.16% (44% above median its 10-year median of 7.06)
GF Value™: R$45.15 vs. price of R$52.19 (15.6% above fair value)
Industry Position: 9.4% above the Insurance median (#273 of 503)
No single metric tells the full story. See the BSP:PSSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Porto Seguro SA is one of Brazil's diversified insurance companies that cover vehicles and residential homes. The company operates in many verticals like Insurance, bank, services and other business activities. The company provides a wide range of services including risk underwriting analysis, bike assistance, and surveillance. The company aims to provide products that meet several market needs through the following brands: Porto Seguro, Itau Auto e Residencia, and Azul Seguros and many others.
74GF Score
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