Alexander Forbes Group Holdings (JSE:AFH) Net Margin %: 12.89% (As of Mar. 2026) — Near Median


JSE:AFH Alexander Forbes Group Holdings Ltd JSE:AFH
68 GF Score
Price R7.43
GF Value R8.60
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Alexander Forbes Group Holdings Net Margin %?

Alexander Forbes Group Holdings JSE:AFH +0.95% 68 Net Margin % is 12.89% as of Mar. 2026, which is 3% above its 10-year median of 12.54. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 112 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks better than 59.82% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Alexander Forbes Group Holdings's Net Income for the six months ended in Mar. 2026 was R423 Mil. Alexander Forbes Group Holdings's Revenue for the six months ended in Mar. 2026 was R3,281 Mil. Therefore, Alexander Forbes Group Holdings's net margin for the quarter that ended in Mar. 2026 was 12.89%.

The historical rank and industry rank for Alexander Forbes Group Holdings's Net Margin % or its related term are showing as below:

JSE:AFH' s Net Margin % Range Over the Past 10 Years
Min: -3.61   Med: 12.54   Max: 19.23
Current: 13.4


JSE:AFH's Net Margin % is ranked better than
59.82% of 112 companies
in the Diversified Financial Services industry
Industry Median: 8.24 vs JSE:AFH: 13.40

Alexander Forbes Group Holdings  (JSE:AFH) 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.


Alexander Forbes Group Holdings Net Margin % Related Terms


Alexander Forbes Group Holdings Net Margin % Historical Data

* Premium members only.

The historical data trend for Alexander Forbes Group Holdings'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.

Alexander Forbes Group Holdings Net Margin % Chart

Alexander Forbes Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.79 15.69 13.28 15.63 13.40

Alexander Forbes Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.81 12.79 18.32 13.95 12.89

JSE:AFH vs FRHC, VOYA: Net Margin % Comparison

For the Financial Conglomerates subindustry, Alexander Forbes Group Holdings'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.


Alexander Forbes Group Holdings Net Margin % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Net Margin % distribution charts can be found below:

* The bar in red indicates where Alexander Forbes Group Holdings's Net Margin % falls into.


JSE:AFH
68GF Score
Alexander Forbes Group Holdings Ltd JSE:AFH
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Alexander Forbes Group Holdings Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Alexander Forbes Group Holdings's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=841/6277
=13.40 %

Alexander Forbes Group Holdings's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=423/3281
=12.89 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 12.89% mean?
Alexander Forbes Group Holdings (JSE:AFH) has a Net Margin % of 12.89% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Alexander Forbes Group Holdings and its competitors. This is near median its historical median of 12.54. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #45 out of 112 companies in the Diversified Financial Services industry, placing it in the top 40.2%.
Is Alexander Forbes Group Holdings' Net Margin % too high?
Alexander Forbes Group Holdings' current Net Margin % of 12.89% is near median its 10-year median of 12.54. The Diversified Financial Services industry median Net Margin % is 8.24. Alexander Forbes Group Holdings' value of 12.89% is 56.4% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #45 out of 112 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' Net Margin % compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #45 out of 112 companies for Net Margin %. This puts Alexander Forbes Group Holdings in the upper half of its industry. The industry median Net Margin % is 8.24. Alexander Forbes Group Holdings' value of 12.89% is 56.4% above this benchmark. While the company's 10-year median is 12.54 vs. the industry median of 8.24, Alexander Forbes Group Holdings 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 Diversified Financial Services company?
The median Net Margin % among Diversified Financial Services companies is 8.24, based on 112 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. Alexander Forbes Group Holdings's current Net Margin % of 12.89% is 56.4% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median Net Margin % is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current Net Margin % is 12.89%, which is near median its own 10-year median of 12.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.60, compared to a current price of R7.43 — trading 13.6% below its estimated fair value. The current Net Margin % is 12.89%, which is near median its 10-year median of 12.54 and 56.4% above the Diversified Financial Services industry median of 8.24. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 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 Alexander Forbes Group Holdings (JSE:AFH), the current Net Margin % is 12.89% 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued. The current stock price of R7.43 is trading 13.6% below its estimated GF Value™ of R8.60. GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.

Key valuation signals for JSE:AFH:

  • Net Margin %: 12.89% (near median its 10-year median of 12.54)
  • GF Value™: R8.60 vs. price of R7.43 (13.6% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 56.4% above the Diversified Financial Services median (#45 of 112)

No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alexander Forbes Group Holdings Business Description

Address 115 West Street, Sandown, Johannesburg, GT, ZAF, 2196
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score

Get the complete analysis for JSE:AFH

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R7.43
Price
R8.60
GF Value