BFF Bank SpAFRA:2BF -0.90%51 Net Margin % is 44.17% as of Mar. 2026, which is 0% above its 10-year median of 43.97. GuruFocus rates FRA:2BF with a GF Score™ of 51/100 and a GF Value™ of €8.29 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 534 Credit Services companies, BFF Bank SpA ranks better than 62.17% on this metric.
Net margin is calculated as Net Income divided by its Revenue. BFF Bank SpA's Net Income for the
three
months ended in Mar. 2026 was €49.5 Mil. BFF Bank SpA's Revenue for the
three
months ended in Mar. 2026 was €112.2 Mil. Therefore, BFF Bank SpA's net margin for the quarter that ended in Mar. 2026 was 44.17%.
The historical rank and industry rank for BFF Bank SpA's Net Margin % or its related term are showing as below:
FRA:2BF'
s Net Margin % Range Over the Past 10 Years
Min: 18.63 Med: 43.97 Max: 65.44
Current: 21.39
FRA:2BF's Net Margin % is ranked better than 62.17% of 534
companies
in the Credit Services industry
Industry Median: 14.52
vs FRA:2BF: 21.39
BFF Bank SpA (FRA:2BF) 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.
BFF Bank SpA Net Margin % Related Terms
BFF Bank SpA Net Margin % Historical Data
* Premium members only.
The historical data trend for BFF Bank SpA'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 Credit Services subindustry, BFF Bank SpA'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.
BFF Bank SpA Net Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, BFF Bank SpA's Net Margin % distribution charts can be found below:
* The bar in red indicates where BFF Bank SpA'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.
BFF Bank SpA (FRA:2BF) has a Net Margin % of 44.17% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on BFF Bank SpA and its competitors. This is near median its historical median of 43.97. Over the past decade, BFF Bank SpA's Net Margin % has ranged from 18.63 to 65.44. According to the industry distribution chart, BFF Bank SpA ranks #202 out of 534 companies in the Credit Services industry, placing it in the top 37.8%.
Is BFF Bank SpA's Net Margin % too high?
BFF Bank SpA's current Net Margin % of 44.17% is near median its 10-year median of 43.97. Over the past 10 years, this metric has ranged from a low of 18.63 to a high of 65.44. The Credit Services industry median Net Margin % is 14.52. BFF Bank SpA's value of 44.17% is 204.2% above this industry median. Based on the distribution chart, BFF Bank SpA ranks #202 out of 534 companies in the Credit Services industry, which is above the industry midpoint. Overall, BFF Bank SpA has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BFF Bank SpA's Net Margin % compare to V and MA?
According to the Credit Services industry distribution chart, BFF Bank SpA ranks #202 out of 534 companies for Net Margin %. This puts BFF Bank SpA in the upper half of its industry. The industry median Net Margin % is 14.52. BFF Bank SpA's value of 44.17% is 204.2% above this benchmark. Historically, BFF Bank SpA's own Net Margin % has ranged from 18.63 to 65.44 over the past decade. While the company's 10-year median is 43.97 vs. the industry median of 14.52, BFF Bank SpA 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 a Credit Services company?
The median Net Margin % among Credit Services companies is 14.52, based on 534 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. BFF Bank SpA's current Net Margin % of 44.17% is 204.2% 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 BFF Bank SpA and its competitors. For the Credit Services industry, the median Net Margin % is 14.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BFF Bank SpA's current Net Margin % is 44.17%, which is near median its own 10-year median of 43.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BFF Bank SpA stock overvalued right now?
Based on GuruFocus' analysis, BFF Bank SpA (FRA:2BF) is currently considered Possible Value Trap. The stock's GF Value™ is €8.29, compared to a current price of €3.07 — trading 62.9% below its estimated fair value. The current Net Margin % is 44.17%, which is near median its 10-year median of 43.97 and 204.2% above the Credit Services industry median of 14.52. BFF Bank SpA's overall GF Score™ is 51/100 with 4 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 BFF Bank SpA (FRA:2BF), the current Net Margin % is 44.17% 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 BFF Bank SpA (FRA:2BF) Overvalued in 2026?
Based on GuruFocus' analysis, BFF Bank SpA stock appears to be undervalued.
The current stock price of €3.07 is trading 62.9% below its estimated GF Value™ of €8.29.
GuruFocus considers BFF Bank SpA to be Possible Value Trap.
Key valuation signals for FRA:2BF:
Net Margin %: 44.17% (near median its 10-year median of 43.97)
GF Value™: €8.29 vs. price of €3.07 (62.9% below fair value)
Industry Position: 204.2% above the Credit Services median (#202 of 534)
No single metric tells the full story. See the FRA:2BF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BFF Bank SpA is an independent specialty finance company engaged in three business units; Factoring & Lending BU, which offers products such as non-recourse factoring, lending, and credit management mainly to public sector suppliers and public administration bodies, Securities Services BU, which deals with custodian banking for investment funds and related services such as fund accounting, and transfer agents for national managers and banks and for various investment funds such as pension funds, mutual funds and alternative funds, and Payments BU, which deals with payment processing, corporate payments, and cheques and bills and has as customers medium-small Italian banks, medium-large companies and boasts a partnership with Nexi.
51GF Score
Get the complete analysis for FRA:2BF
Net 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
FRA:2BF has been successfully added to your 
