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NCBA GroupNAI:NCBA +0.56%69 Net Margin % is 29.82% as of Mar. 2026, which is 9% above its 10-year median of 27.27. GuruFocus rates NAI:NCBA with a GF Score™ of 69/100 and a GF Value™ of KES54.75 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,521 Banks companies, NCBA Group ranks better than 67.78% on this metric.
Net margin is calculated as Net Income divided by its Revenue. NCBA Group's Net Income for the
three
months ended in Mar. 2026 was KES5,964 Mil. NCBA Group's Revenue for the
three
months ended in Mar. 2026 was KES19,998 Mil. Therefore, NCBA Group's net margin for the quarter that ended in Mar. 2026 was 29.82%.
The historical rank and industry rank for NCBA Group's Net Margin % or its related term are showing as below:
NAI:NCBA'
s Net Margin % Range Over the Past 10 Years
Min: 10.13 Med: 27.27 Max: 35.31
Current: 32.07
NAI:NCBA's Net Margin % is ranked better than 67.78% of 1521
companies
in the Banks industry
Industry Median: 27.05
vs NAI:NCBA: 32.07
NCBA Group (NAI:NCBA) 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.
NCBA Group Net Margin % Related Terms
NCBA Group Net Margin % Historical Data
* Premium members only.
The historical data trend for NCBA 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.
For the Banks - Regional subindustry, NCBA 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.
NCBA Group Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, NCBA Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where NCBA 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.
NCBA Group (NAI:NCBA) has a Net Margin % of 29.82% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on NCBA Group and its competitors. This is near median its historical median of 27.27. Over the past decade, NCBA Group's Net Margin % has ranged from 10.13 to 35.31. According to the industry distribution chart, NCBA Group ranks #490 out of 1521 companies in the Banks industry, placing it in the top 32.2%.
Is NCBA Group's Net Margin % too high?
NCBA Group's current Net Margin % of 29.82% is near median its 10-year median of 27.27. Over the past 10 years, this metric has ranged from a low of 10.13 to a high of 35.31. The Banks industry median Net Margin % is 27.05. NCBA Group's value of 29.82% is 10.2% above this industry median. Based on the distribution chart, NCBA Group ranks #490 out of 1521 companies in the Banks industry, which is above the industry midpoint. Overall, NCBA Group has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCBA Group's Net Margin % compare to competitors?
According to the Banks industry distribution chart, NCBA Group ranks #490 out of 1521 companies for Net Margin %. This puts NCBA Group in the upper half of its industry. The industry median Net Margin % is 27.05. NCBA Group's value of 29.82% is 10.2% above this benchmark. Historically, NCBA Group's own Net Margin % has ranged from 10.13 to 35.31 over the past decade. While the company's 10-year median is 27.27 vs. the industry median of 27.05, NCBA 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 27.05, based on 1,521 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. NCBA Group's current Net Margin % of 29.82% is 10.2% 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 NCBA Group and its competitors. For the Banks industry, the median Net Margin % is 27.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCBA Group's current Net Margin % is 29.82%, which is near median its own 10-year median of 27.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCBA Group stock overvalued right now?
Based on GuruFocus' analysis, NCBA Group (NAI:NCBA) is currently considered Significantly Overvalued. The stock's GF Value™ is KES54.75, compared to a current price of KES89.25 — trading 63% above its estimated fair value. The current Net Margin % is 29.82%, which is near median its 10-year median of 27.27 and 10.2% above the Banks industry median of 27.05. NCBA Group's overall GF Score™ is 69/100 with 1 warning sign 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 NCBA Group (NAI:NCBA), the current Net Margin % is 29.82% 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 NCBA Group (NAI:NCBA) Overvalued in 2026?
Based on GuruFocus' analysis, NCBA Group stock appears to be overvalued.
The current stock price of KES89.25 is trading 63% above its estimated GF Value™ of KES54.75.
GuruFocus considers NCBA Group to be Significantly Overvalued.
Key valuation signals for NAI:NCBA:
Net Margin %: 29.82% (near median its 10-year median of 27.27)
GF Value™: KES54.75 vs. price of KES89.25 (63% above fair value)
Industry Position: 10.2% above the Banks median (#490 of 1521)
No single metric tells the full story. See the NAI:NCBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCBA Group PLC and its subsidiaries provide retail, corporate, and digital banking, brokerage, bancassurance, insurance, and investment banking services. The Group's operating divisions are: Corporate and institutional banking, Retail banking (SME and Consumer banking), Treasury dealing, Digital Bank, Investment banking, and Insurance. Through these divisions, it caters to different segments of customers from medium and large corporates to high net worth and other retail individual clients, offering them various kinds of financial products and services, such as deposit accounts, loans, advisory, digital banking, and wealth management solutions, among others. The Group's geographical segments are: Kenya, Uganda, Tanzania, Rwanda, and Ghana. The majority of its revenue is derived from Kenya.
69GF Score
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