Ageas/ NVCHIX:AGSB 69 Net Margin % is 23.75% as of Dec. 2025, which is 176% above its 10-year median of 8.59. GuruFocus rates CHIX:AGSB with a GF Score™ of 69/100 and a GF Value™ of €56.19 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 501 Insurance companies, Ageas/ NV ranks better than 81.44% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Ageas/ NV's Net Income for the
six
months ended in Dec. 2025 was €1,035 Mil. Ageas/ NV's Revenue for the
six
months ended in Dec. 2025 was €4,357 Mil. Therefore, Ageas/ NV's net margin for the quarter that ended in Dec. 2025 was 23.75%.
The historical rank and industry rank for Ageas/ NV's Net Margin % or its related term are showing as below:
CHIX:AGSb'
s Net Margin % Range Over the Past 10 Years
Min: 0.21 Med: 8.59 Max: 22.42
Current: 18.93
CHIX:AGSb's Net Margin % is ranked better than 81.44% of 501
companies
in the Insurance industry
Industry Median: 9.29
vs CHIX:AGSb: 18.93
Ageas/ NV (CHIX:AGSb) 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.
Ageas/ NV Net Margin % Related Terms
Ageas/ NV Net Margin % Historical Data
* Premium members only.
The historical data trend for Ageas/ NV'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.
CHIX:AGSB vs BRK.A, AIG, HIG: Net Margin % Comparison
For the Insurance - Diversified subindustry, Ageas/ NV'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.
Ageas/ NV Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Ageas/ NV's Net Margin % distribution charts can be found below:
* The bar in red indicates where Ageas/ NV'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.
Ageas/ NV (CHIX:AGSB) has a Net Margin % of 23.75% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Ageas/ NV and its competitors. This is 176% above median its historical median of 8.59. Over the past decade, Ageas/ NV's Net Margin % has ranged from 0.21 to 22.42. According to the industry distribution chart, Ageas/ NV ranks #93 out of 501 companies in the Insurance industry, placing it in the top 18.6%.
Is Ageas/ NV's Net Margin % too high?
Ageas/ NV's current Net Margin % of 23.75% is 176% above median its 10-year median of 8.59. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 22.42. The Insurance industry median Net Margin % is 9.29. Ageas/ NV's value of 23.75% is 155.7% above this industry median. Based on the distribution chart, Ageas/ NV ranks #93 out of 501 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Ageas/ NV has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ageas/ NV's Net Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Ageas/ NV ranks #93 out of 501 companies for Net Margin %. This places Ageas/ NV in the top 19% of its industry — outperforming the majority of peers. The industry median Net Margin % is 9.29. Ageas/ NV's value of 23.75% is 155.7% above this benchmark. Historically, Ageas/ NV's own Net Margin % has ranged from 0.21 to 22.42 over the past decade. While the company's 10-year median is 8.59 vs. the industry median of 9.29, Ageas/ NV 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 501 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. Ageas/ NV's current Net Margin % of 23.75% is 155.7% 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 Ageas/ NV 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. Ageas/ NV's current Net Margin % is 23.75%, which is 176% above median its own 10-year median of 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ageas/ NV stock overvalued right now?
Based on GuruFocus' analysis, Ageas/ NV (CHIX:AGSB) is currently considered Modestly Overvalued. The stock's GF Value™ is €56.19, compared to a current price of €68.18 — trading 21.3% above its estimated fair value. The current Net Margin % is 23.75%, which is 176% above median its 10-year median of 8.59 and 155.7% above the Insurance industry median of 9.29. Ageas/ NV's overall GF Score™ is 69/100 with 8 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 Ageas/ NV (CHIX:AGSB), the current Net Margin % is 23.75% 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 Ageas/ NV (CHIX:AGSB) Overvalued in 2026?
Based on GuruFocus' analysis, Ageas/ NV stock appears to be overvalued.
The current stock price of €68.18 is trading 21.3% above its estimated GF Value™ of €56.19.
GuruFocus considers Ageas/ NV to be Modestly Overvalued.
Key valuation signals for CHIX:AGSB:
Net Margin %: 23.75% (176% above median its 10-year median of 8.59)
GF Value™: €56.19 vs. price of €68.18 (21.3% above fair value)
Industry Position: 155.7% above the Insurance median (#93 of 501)
No single metric tells the full story. See the CHIX:AGSB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and overly ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralized debt. As Fortis' capital began to decline, the company initiated a rights issue, and suspended the dividend. As Fortis' share price began to decline and financial market conditions continued to deteriorate, with a series of leadership changes, customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgian government. It also spun off its asset management and insurance units which later became Ageas.
69GF Score
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