RelianceMEX:RS 88 Net Margin % is 6.58% as of Mar. 2026, which is 4% above its 10-year median of 6.32. GuruFocus rates MEX:RS with a GF Score™ of 88/100 and a GF Value™ of MXN4,655.73. The stock has 9 warning signs investors should review. Among 616 Steel companies, Reliance ranks better than 74.03% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Reliance's Net Income for the
three
months ended in Mar. 2026 was MXN4,777 Mil. Reliance's Revenue for the
three
months ended in Mar. 2026 was MXN72,600 Mil. Therefore, Reliance's net margin for the quarter that ended in Mar. 2026 was 6.58%.
The historical rank and industry rank for Reliance's Net Margin % or its related term are showing as below:
MEX:RS'
s Net Margin % Range Over the Past 10 Years
Min: 3.53 Med: 6.32 Max: 10.81
Current: 5.42
MEX:RS's Net Margin % is ranked better than 74.03% of 616
companies
in the Steel industry
Industry Median: 1.86
vs MEX:RS: 5.42
Reliance (MEX:RS) 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.
Reliance Net Margin % Related Terms
Reliance Net Margin % Historical Data
* Premium members only.
The historical data trend for Reliance'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.
For the Steel subindustry, Reliance'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.
Reliance Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Reliance's Net Margin % distribution charts can be found below:
* The bar in red indicates where Reliance'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.
Reliance (MEX:RS) has a Net Margin % of 6.58% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Reliance and its competitors. This is near median its historical median of 6.32. Over the past decade, Reliance's Net Margin % has ranged from 3.53 to 10.81. According to the industry distribution chart, Reliance ranks #160 out of 616 companies in the Steel industry, placing it in the top 26%.
Is Reliance's Net Margin % too high?
Reliance's current Net Margin % of 6.58% is near median its 10-year median of 6.32. Over the past 10 years, this metric has ranged from a low of 3.53 to a high of 10.81. The Steel industry median Net Margin % is 1.86. Reliance's value of 6.58% is 253.8% above this industry median. Based on the distribution chart, Reliance ranks #160 out of 616 companies in the Steel industry, which is above the industry midpoint. Overall, Reliance has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Reliance's Net Margin % compare to TX and CLF?
According to the Steel industry distribution chart, Reliance ranks #160 out of 616 companies for Net Margin %. This puts Reliance in the upper half of its industry. The industry median Net Margin % is 1.86. Reliance's value of 6.58% is 253.8% above this benchmark. Historically, Reliance's own Net Margin % has ranged from 3.53 to 10.81 over the past decade. While the company's 10-year median is 6.32 vs. the industry median of 1.86, Reliance 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 Steel company?
The median Net Margin % among Steel companies is 1.86, based on 616 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. Reliance's current Net Margin % of 6.58% is 253.8% 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 Reliance and its competitors. For the Steel industry, the median Net Margin % is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance's current Net Margin % is 6.58%, which is near median its own 10-year median of 6.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance stock overvalued right now?
Reliance (MEX:RS) has a current Net Margin % of 6.58%. The stock's GF Value™ is MXN4,655.73, compared to a current price of MXN5,529.80 — trading 18.8% above its estimated fair value. The current Net Margin % is 6.58%, which is near median its 10-year median of 6.32 and 253.8% above the Steel industry median of 1.86. Reliance's overall GF Score™ is 88/100 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 Reliance (MEX:RS), the current Net Margin % is 6.58% 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 Reliance (MEX:RS) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance stock appears to be overvalued.
The current stock price of MXN5,529.80 is trading 18.8% above its estimated GF Value™ of MXN4,655.73.
Key valuation signals for MEX:RS:
Net Margin %: 6.58% (near median its 10-year median of 6.32)
GF Value™: MXN4,655.73 vs. price of MXN5,529.80 (18.8% above fair value)
Industry Position: 253.8% above the Steel median (#160 of 616)
No single metric tells the full story. See the MEX:RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Inc operates a network of companies providing diversified metal solutions and is the metals service center company. It distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. The company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery and heavy industry. It also services the auto industry, through its toll processing operations where it processes customer-owned metal for a fee.
88GF Score
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