NN Group NVFRA:2NN +0.03%57 Net Margin % is 13.55% as of Dec. 2025, which is 28% above its 10-year median of 10.61. GuruFocus rates FRA:2NN with a GF Score™ of 57/100 and a GF Value™ of €50.87 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 503 Insurance companies, NN Group NV ranks better than 68.59% on this metric.
Net margin is calculated as Net Income divided by its Revenue. NN Group NV's Net Income for the
six
months ended in Dec. 2025 was €797 Mil. NN Group NV's Revenue for the
six
months ended in Dec. 2025 was €5,882 Mil. Therefore, NN Group NV's net margin for the quarter that ended in Dec. 2025 was 13.55%.
The historical rank and industry rank for NN Group NV's Net Margin % or its related term are showing as below:
FRA:2NN'
s Net Margin % Range Over the Past 10 Years
Min: -235.45 Med: 10.61 Max: 17.16
Current: 13.86
FRA:2NN's Net Margin % is ranked better than 68.59% of 503
companies
in the Insurance industry
Industry Median: 9.29
vs FRA:2NN: 13.86
NN Group NV (FRA:2NN) 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.
NN Group NV Net Margin % Related Terms
NN Group NV Net Margin % Historical Data
* Premium members only.
The historical data trend for NN Group 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.
FRA:2NN vs BRK.A, AIG, HIG: Net Margin % Comparison
For the Insurance - Diversified subindustry, NN Group 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.
NN Group NV Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, NN Group NV's Net Margin % distribution charts can be found below:
* The bar in red indicates where NN Group 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.
NN Group NV (FRA:2NN) has a Net Margin % of 13.55% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on NN Group NV and its competitors. This is 28% above median its historical median of 10.61. According to the industry distribution chart, NN Group NV ranks #158 out of 503 companies in the Insurance industry, placing it in the top 31.4%.
Is NN Group NV's Net Margin % too high?
NN Group NV's current Net Margin % of 13.55% is 28% above median its 10-year median of 10.61. The Insurance industry median Net Margin % is 9.29. NN Group NV's value of 13.55% is 45.9% above this industry median. Based on the distribution chart, NN Group NV ranks #158 out of 503 companies in the Insurance industry, which is above the industry midpoint. Overall, NN Group NV has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NN Group NV's Net Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NN Group NV ranks #158 out of 503 companies for Net Margin %. This puts NN Group NV in the upper half of its industry. The industry median Net Margin % is 9.29. NN Group NV's value of 13.55% is 45.9% above this benchmark. While the company's 10-year median is 10.61 vs. the industry median of 9.29, NN Group 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 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. NN Group NV's current Net Margin % of 13.55% is 45.9% 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 NN Group 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. NN Group NV's current Net Margin % is 13.55%, which is 28% above median its own 10-year median of 10.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NN Group NV stock overvalued right now?
Based on GuruFocus' analysis, NN Group NV (FRA:2NN) is currently considered Significantly Overvalued. The stock's GF Value™ is €50.87, compared to a current price of €75.90 — trading 49.2% above its estimated fair value. The current Net Margin % is 13.55%, which is 28% above median its 10-year median of 10.61 and 45.9% above the Insurance industry median of 9.29. NN Group NV's overall GF Score™ is 57/100 with 11 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 NN Group NV (FRA:2NN), the current Net Margin % is 13.55% 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 NN Group NV (FRA:2NN) Overvalued in 2026?
Based on GuruFocus' analysis, NN Group NV stock appears to be overvalued.
The current stock price of €75.90 is trading 49.2% above its estimated GF Value™ of €50.87.
GuruFocus considers NN Group NV to be Significantly Overvalued.
Key valuation signals for FRA:2NN:
Net Margin %: 13.55% (28% above median its 10-year median of 10.61)
GF Value™: €50.87 vs. price of €75.90 (49.2% above fair value)
Industry Position: 45.9% above the Insurance median (#158 of 503)
No single metric tells the full story. See the FRA:2NN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NN Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life, Netherlands nonlife, insurance Europe, and Japan life. The Netherlands life business is the biggest division and tends to generate around three-quarters of operating income. That business sells traditional spread-based long-term savings and more modern defined-contribution savings. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined-contribution products are managed by Goldman Sachs Asset Management. Since around 2013, NN has closed its domestic individual life insurance products to new business.
57GF Score
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