The historical rank and industry rank for Zambia National Commercial Bank's Net Margin % or its related term are showing as below:
LUS:ZNCO'
s Net Margin % Range Over the Past 10 Years
Min: 7.94 Med: 28.34 Max: 38.14
Current: 38.14
LUS:ZNCO's Net Margin % is ranked better than 81.74% of 1528
companies
in the Banks industry
Industry Median: 26.81
vs LUS:ZNCO: 38.14
Zambia National Commercial Bank (LUS:ZNCO) 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.
Zambia National Commercial Bank Net Margin % Related Terms
Zambia National Commercial Bank 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.
Zambia National Commercial Bank Net Margin % Chart
For the Banks - Regional subindustry, Zambia National Commercial Bank'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.
Zambia National Commercial Bank Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Zambia National Commercial Bank's Net Margin % distribution charts can be found below:
* The bar in red indicates where Zambia National Commercial Bank'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.
Zambia National Commercial Bank (LUS:ZNCO) has a Net Margin % of 24.62% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Zambia National Commercial Bank and its competitors. This is 13% below median its historical median of 28.34. Over the past decade, Zambia National Commercial Bank's Net Margin % has ranged from 7.94 to 38.14. According to the industry distribution chart, Zambia National Commercial Bank ranks #279 out of 1528 companies in the Banks industry, placing it in the top 18.3%.
Is Zambia National Commercial Bank's Net Margin % too high?
Zambia National Commercial Bank's current Net Margin % of 24.62% is 13% below median its 10-year median of 28.34. Over the past 10 years, this metric has ranged from a low of 7.94 to a high of 38.14. The Banks industry median Net Margin % is 26.81. Zambia National Commercial Bank's value of 24.62% is 8.2% below this industry median. Based on the distribution chart, Zambia National Commercial Bank ranks #279 out of 1528 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Zambia National Commercial Bank has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zambia National Commercial Bank's Net Margin % compare to PNC and USB?
According to the Banks industry distribution chart, Zambia National Commercial Bank ranks #279 out of 1528 companies for Net Margin %. This places Zambia National Commercial Bank in the top 18% of its industry — outperforming the majority of peers. The industry median Net Margin % is 26.81. Zambia National Commercial Bank's value of 24.62% is 8.2% below this benchmark. Historically, Zambia National Commercial Bank's own Net Margin % has ranged from 7.94 to 38.14 over the past decade. While the company's 10-year median is 28.34 vs. the industry median of 26.81, Zambia National Commercial Bank 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 a Banks company?
The median Net Margin % among Banks companies is 26.81, based on 1,528 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. Zambia National Commercial Bank's current Net Margin % of 24.62% is 8.2% 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 Zambia National Commercial Bank and its competitors. For the Banks industry, the median Net Margin % is 26.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zambia National Commercial Bank's current Net Margin % is 24.62%, which is 13% below median its own 10-year median of 28.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zambia National Commercial Bank stock overvalued right now?
Based on GuruFocus' analysis, Zambia National Commercial Bank (LUS:ZNCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ZMW6.03, compared to a current price of ZMW9.47 — trading 57% above its estimated fair value. The current Net Margin % is 24.62%, which is 13% below median its 10-year median of 28.34 and 8.2% below the Banks industry median of 26.81. Zambia National Commercial Bank's overall GF Score™ is 71/100 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 Zambia National Commercial Bank (LUS:ZNCO), the current Net Margin % is 24.62% 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 Zambia National Commercial Bank (LUS:ZNCO) Overvalued in 2026?
Based on GuruFocus' analysis, Zambia National Commercial Bank stock appears to be overvalued.
The current stock price of ZMW9.47 is trading 57% above its estimated GF Value™ of ZMW6.03.
GuruFocus considers Zambia National Commercial Bank to be Significantly Overvalued.
Key valuation signals for LUS:ZNCO:
Net Margin %: 24.62% (13% below median its 10-year median of 28.34)
GF Value™: ZMW6.03 vs. price of ZMW9.47 (57% above fair value)
Industry Position: 8.2% below the Banks median (#279 of 1528)
No single metric tells the full story. See the LUS:ZNCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zambia National Commercial Bank Business Description
Zambia National Commercial Bank PLC offers commercial banking services. Its principal activities include: the provision of retail, commercial Banking and related services to the general public, the provision of payment and technology solutions through the Digital Shared Services Limited (DSSL), and offering tailored insurance and risk advisory services. The company's segments include: Corporate Banking, Business Banking, Retail Banking, Digital Banking, and Treasury Management. The majority of revenue is derived from the Corporate banking segment, which provides corporate and investment banking solutions that incorporate direct debit facilities, deposit products, overdrafts, loans and other credit facilities and foreign currency solutions.
71GF Score
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