Itau Unibanco HoldingMEX:ITUB N 66 Net Margin % is 28.29% as of Mar. 2026, which is 28% above its 10-year median of 22.11. GuruFocus rates MEX:ITUB N with a GF Score™ of 66/100 and a GF Value™ of MXN102.18 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,526 Banks companies, Itau Unibanco Holding ranks better than 54.52% on this metric.
The historical rank and industry rank for Itau Unibanco Holding's Net Margin % or its related term are showing as below:
MEX:ITUB N'
s Net Margin % Range Over the Past 10 Years
Min: 18.88 Med: 22.11 Max: 28.08
Current: 28.08
MEX:ITUB N's Net Margin % is ranked better than 54.52% of 1526
companies
in the Banks industry
Industry Median: 26.97
vs MEX:ITUB N: 28.08
Itau Unibanco Holding (MEX:ITUB N) 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.
Itau Unibanco Holding Net Margin % Related Terms
Itau Unibanco Holding Net Margin % Historical Data
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The historical data trend for Itau Unibanco Holding'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.
Itau Unibanco Holding Net Margin % Competitor Comparison
For the Banks - Regional subindustry, Itau Unibanco Holding'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.
Itau Unibanco Holding Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Itau Unibanco Holding's Net Margin % distribution charts can be found below:
* The bar in red indicates where Itau Unibanco Holding'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.
Itau Unibanco Holding (MEX:ITUB N) has a Net Margin % of 28.29% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Itau Unibanco Holding and its competitors. This is 28% above median its historical median of 22.11. Over the past decade, Itau Unibanco Holding's Net Margin % has ranged from 18.88 to 28.08. According to the industry distribution chart, Itau Unibanco Holding ranks #694 out of 1526 companies in the Banks industry, placing it in the top 45.5%.
Is Itau Unibanco Holding's Net Margin % too high?
Itau Unibanco Holding's current Net Margin % of 28.29% is 28% above median its 10-year median of 22.11. Over the past 10 years, this metric has ranged from a low of 18.88 to a high of 28.08. The Banks industry median Net Margin % is 26.97. Itau Unibanco Holding's value of 28.29% is 4.9% above this industry median. Based on the distribution chart, Itau Unibanco Holding ranks #694 out of 1526 companies in the Banks industry, which is above the industry midpoint. Overall, Itau Unibanco Holding has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's Net Margin % compare to competitors?
According to the Banks industry distribution chart, Itau Unibanco Holding ranks #694 out of 1526 companies for Net Margin %. This puts Itau Unibanco Holding in the upper half of its industry. The industry median Net Margin % is 26.97. Itau Unibanco Holding's value of 28.29% is 4.9% above this benchmark. Historically, Itau Unibanco Holding's own Net Margin % has ranged from 18.88 to 28.08 over the past decade. While the company's 10-year median is 22.11 vs. the industry median of 26.97, Itau Unibanco Holding 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 26.97, based on 1,526 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. Itau Unibanco Holding's current Net Margin % of 28.29% is 4.9% 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 Itau Unibanco Holding and its competitors. For the Banks industry, the median Net Margin % is 26.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itau Unibanco Holding's current Net Margin % is 28.29%, which is 28% above median its own 10-year median of 22.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (MEX:ITUB N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN102.18, compared to a current price of MXN136.62 — trading 33.7% above its estimated fair value. The current Net Margin % is 28.29%, which is 28% above median its 10-year median of 22.11 and 4.9% above the Banks industry median of 26.97. Itau Unibanco Holding's overall GF Score™ is 66/100 with 9 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 Itau Unibanco Holding (MEX:ITUB N), the current Net Margin % is 28.29% 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 Itau Unibanco Holding (MEX:ITUB N) Overvalued in 2026?
Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued.
The current stock price of MXN136.62 is trading 33.7% above its estimated GF Value™ of MXN102.18.
GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.
Key valuation signals for MEX:ITUB N:
Net Margin %: 28.29% (28% above median its 10-year median of 22.11)
GF Value™: MXN102.18 vs. price of MXN136.62 (33.7% above fair value)
Industry Position: 4.9% above the Banks median (#694 of 1526)
No single metric tells the full story. See the MEX:ITUB N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
66GF Score
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