PSG Financial ServicesJSE:KST +0.80%84 Net Margin % is 19.93% as of Feb. 2026, which is 38% above its 10-year median of 14.45. GuruFocus rates JSE:KST with a GF Score™ of 84/100 and a GF Value™ of R21.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,579 Asset Management companies, PSG Financial Services ranks worse than 73.27% on this metric.
The historical rank and industry rank for PSG Financial Services's Net Margin % or its related term are showing as below:
JSE:KST'
s Net Margin % Range Over the Past 10 Years
Min: 13.6 Med: 14.45 Max: 18.44
Current: 18.44
JSE:KST's Net Margin % is ranked worse than 73.27% of 1579
companies
in the Asset Management industry
Industry Median: 84.88
vs JSE:KST: 18.44
PSG Financial Services (JSE:KST) 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.
PSG Financial Services Net Margin % Related Terms
PSG Financial Services Net Margin % Historical Data
* 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 Asset Management subindustry, PSG Financial Services'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.
PSG Financial Services Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PSG Financial Services's Net Margin % distribution charts can be found below:
* The bar in red indicates where PSG Financial Services'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.
PSG Financial Services (JSE:KST) has a Net Margin % of 19.93% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on PSG Financial Services and its competitors. This is 38% above median its historical median of 14.45. Over the past decade, PSG Financial Services' Net Margin % has ranged from 13.60 to 18.44. According to the industry distribution chart, PSG Financial Services ranks #1157 out of 1579 companies in the Asset Management industry, placing it in the top 73.3%.
Is PSG Financial Services' Net Margin % too high?
PSG Financial Services' current Net Margin % of 19.93% is 38% above median its 10-year median of 14.45. Over the past 10 years, this metric has ranged from a low of 13.60 to a high of 18.44. The Asset Management industry median Net Margin % is 84.88. PSG Financial Services' value of 19.93% is 76.5% below this industry median. Based on the distribution chart, PSG Financial Services ranks #1157 out of 1579 companies in the Asset Management industry, which is below the industry midpoint. Overall, PSG Financial Services has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSG Financial Services' Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, PSG Financial Services ranks #1157 out of 1579 companies for Net Margin %. This places PSG Financial Services in the lower half of its industry. The industry median Net Margin % is 84.88. PSG Financial Services' value of 19.93% is 76.5% below this benchmark. Historically, PSG Financial Services' own Net Margin % has ranged from 13.60 to 18.44 over the past decade. While the company's 10-year median is 14.45 vs. the industry median of 84.88, PSG Financial Services has consistently been below 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 Asset Management company?
The median Net Margin % among Asset Management companies is 84.88, based on 1,579 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. PSG Financial Services's current Net Margin % of 19.93% is 76.5% below 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 PSG Financial Services and its competitors. For the Asset Management industry, the median Net Margin % is 84.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSG Financial Services's current Net Margin % is 19.93%, which is 38% above median its own 10-year median of 14.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, PSG Financial Services (JSE:KST) is currently considered Significantly Overvalued. The stock's GF Value™ is R21.37, compared to a current price of R30.41 — trading 42.3% above its estimated fair value. The current Net Margin % is 19.93%, which is 38% above median its 10-year median of 14.45 and 76.5% below the Asset Management industry median of 84.88. PSG Financial Services' overall GF Score™ is 84/100 with 5 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 PSG Financial Services (JSE:KST), the current Net Margin % is 19.93% as of Feb. 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 PSG Financial Services (JSE:KST) Overvalued in 2026?
Based on GuruFocus' analysis, PSG Financial Services stock appears to be overvalued.
The current stock price of R30.41 is trading 42.3% above its estimated GF Value™ of R21.37.
GuruFocus considers PSG Financial Services to be Significantly Overvalued.
Key valuation signals for JSE:KST:
Net Margin %: 19.93% (38% above median its 10-year median of 14.45)
GF Value™: R21.37 vs. price of R30.41 (42.3% above fair value)
Industry Position: 76.5% below the Asset Management median (#1157 of 1579)
No single metric tells the full story. See the JSE:KST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PSG Financial Services Ltd is an independent financial services company. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. PSG is structured into three segments which are PSG Wealth, generating income from managed and platform assets; PSG Asset Management, deriving income from assets under management; PSG Insure, earning income from premiums and underwriting.
84GF Score
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