Lloyds Banking GroupLSE:LLD2 54 Net Margin % is 29.53% as of Mar. 2026, which is 26% above its 10-year median of 23.46. GuruFocus rates LSE:LLD2 with a GF Score™ of 54/100 and a GF Value™ of $93.26. The stock has 5 warning signs investors should review. Among 1,527 Banks companies, Lloyds Banking Group ranks worse than 56.25% on this metric.
The historical rank and industry rank for Lloyds Banking Group's Net Margin % or its related term are showing as below:
LSE:LLD2'
s Net Margin % Range Over the Past 10 Years
Min: 8.71 Med: 23.46 Max: 35.43
Current: 24.71
LSE:LLD2's Net Margin % is ranked worse than 56.25% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs LSE:LLD2: 24.71
Lloyds Banking Group (LSE:LLD2) 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.
Lloyds Banking Group Net Margin % Related Terms
Lloyds Banking Group Net Margin % Historical Data
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The historical data trend for Lloyds Banking Group'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.
Lloyds Banking Group Net Margin % Competitor Comparison
For the Banks - Regional subindustry, Lloyds Banking Group'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.
Lloyds Banking Group Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Lloyds Banking Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Lloyds Banking Group'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.
Lloyds Banking Group (LSE:LLD2) has a Net Margin % of 29.53% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Lloyds Banking Group and its competitors. This is 26% above median its historical median of 23.46. Over the past decade, Lloyds Banking Group's Net Margin % has ranged from 8.71 to 35.43. According to the industry distribution chart, Lloyds Banking Group ranks #859 out of 1527 companies in the Banks industry, placing it in the top 56.3%.
Is Lloyds Banking Group's Net Margin % too high?
Lloyds Banking Group's current Net Margin % of 29.53% is 26% above median its 10-year median of 23.46. Over the past 10 years, this metric has ranged from a low of 8.71 to a high of 35.43. The Banks industry median Net Margin % is 26.95. Lloyds Banking Group's value of 29.53% is 9.6% above this industry median. Based on the distribution chart, Lloyds Banking Group ranks #859 out of 1527 companies in the Banks industry, which is below the industry midpoint. Overall, Lloyds Banking Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Lloyds Banking Group's Net Margin % compare to competitors?
According to the Banks industry distribution chart, Lloyds Banking Group ranks #859 out of 1527 companies for Net Margin %. This places Lloyds Banking Group in the lower half of its industry. The industry median Net Margin % is 26.95. Lloyds Banking Group's value of 29.53% is 9.6% above this benchmark. Historically, Lloyds Banking Group's own Net Margin % has ranged from 8.71 to 35.43 over the past decade. While the company's 10-year median is 23.46 vs. the industry median of 26.95, Lloyds Banking Group 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 Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 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. Lloyds Banking Group's current Net Margin % of 29.53% is 9.6% 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 Lloyds Banking Group and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lloyds Banking Group's current Net Margin % is 29.53%, which is 26% above median its own 10-year median of 23.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lloyds Banking Group stock overvalued right now?
Lloyds Banking Group (LSE:LLD2) has a current Net Margin % of 29.53%. The stock's GF Value™ is $93.26, compared to a current price of $145.29 — trading 55.8% above its estimated fair value. The current Net Margin % is 29.53%, which is 26% above median its 10-year median of 23.46 and 9.6% above the Banks industry median of 26.95. Lloyds Banking Group's overall GF Score™ is 54/100 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 Lloyds Banking Group (LSE:LLD2), the current Net Margin % is 29.53% 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 Lloyds Banking Group (LSE:LLD2) Overvalued in 2026?
Based on GuruFocus' analysis, Lloyds Banking Group stock appears to be overvalued.
The current stock price of $145.29 is trading 55.8% above its estimated GF Value™ of $93.26.
Key valuation signals for LSE:LLD2:
Net Margin %: 29.53% (26% above median its 10-year median of 23.46)
GF Value™: $93.26 vs. price of $145.29 (55.8% above fair value)
Industry Position: 9.6% above the Banks median (#859 of 1527)
No single metric tells the full story. See the LSE:LLD2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services.
54GF Score
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