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Noah HoldingsNOAH -0.81%73 Net Margin % is 19.93% as of Mar. 2026, which is 21% below its 10-year median of 25.14. GuruFocus rates NOAH with a GF Score™ of 73/100 and a GF Value™ of $11.20 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,571 Asset Management companies, Noah Holdings ranks worse than 72.31% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Noah Holdings's Net Income for the
three
months ended in Mar. 2026 was $18.1 Mil. Noah Holdings's Revenue for the
three
months ended in Mar. 2026 was $90.8 Mil. Therefore, Noah Holdings's net margin for the quarter that ended in Mar. 2026 was 19.93%.
The historical rank and industry rank for Noah Holdings's Net Margin % or its related term are showing as below:
NOAH'
s Net Margin % Range Over the Past 10 Years
Min: -22.54 Med: 25.14 Max: 31.5
Current: 20.32
NOAH's Net Margin % is ranked worse than 72.31% of 1571
companies
in the Asset Management industry
Industry Median: 85.3
vs NOAH: 20.32
Noah Holdings (NYSE:NOAH) 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.
Noah Holdings Net Margin % Related Terms
Noah Holdings Net Margin % Historical Data
* Premium members only.
The historical data trend for Noah Holdings'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 Asset Management subindustry, Noah Holdings'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.
Noah Holdings Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Noah Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where Noah Holdings'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.
Noah Holdings (NOAH) has a Net Margin % of 19.93% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Noah Holdings and its competitors. This is 21% below median its historical median of 25.14. According to the industry distribution chart, Noah Holdings ranks #1136 out of 1571 companies in the Asset Management industry, placing it in the top 72.3%.
Is Noah Holdings' Net Margin % too high?
Noah Holdings' current Net Margin % of 19.93% is 21% below median its 10-year median of 25.14. The Asset Management industry median Net Margin % is 85.30. Noah Holdings' value of 19.93% is 76.6% below this industry median. Based on the distribution chart, Noah Holdings ranks #1136 out of 1571 companies in the Asset Management industry, which is below the industry midpoint. Overall, Noah Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noah Holdings' Net Margin % compare to BHK and MUJ?
According to the Asset Management industry distribution chart, Noah Holdings ranks #1136 out of 1571 companies for Net Margin %. This places Noah Holdings in the lower half of its industry. The industry median Net Margin % is 85.30. Noah Holdings' value of 19.93% is 76.6% below this benchmark. While the company's 10-year median is 25.14 vs. the industry median of 85.30, Noah Holdings 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 an Asset Management company?
The median Net Margin % among Asset Management companies is 85.30, based on 1,571 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. Noah Holdings's current Net Margin % of 19.93% is 76.6% 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 Noah Holdings and its competitors. For the Asset Management industry, the median Net Margin % is 85.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noah Holdings's current Net Margin % is 19.93%, which is 21% below median its own 10-year median of 25.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noah Holdings stock overvalued right now?
Based on GuruFocus' analysis, Noah Holdings (NOAH) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.20, compared to a current price of $8.57 — trading 23.5% below its estimated fair value. The current Net Margin % is 19.93%, which is 21% below median its 10-year median of 25.14 and 76.6% below the Asset Management industry median of 85.30. Noah Holdings' overall GF Score™ is 73/100 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 Noah Holdings (NOAH), the current Net Margin % is 19.93% 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 Noah Holdings (NOAH) Overvalued in 2026?
Based on GuruFocus' analysis, Noah Holdings stock appears to be undervalued.
The current stock price of $8.57 is trading 23.5% below its estimated GF Value™ of $11.20.
GuruFocus considers Noah Holdings to be Modestly Undervalued.
Key valuation signals for NOAH:
Net Margin %: 19.93% (21% below median its 10-year median of 25.14)
GF Value™: $11.20 vs. price of $8.57 (23.5% below fair value)
Industry Position: 76.6% below the Asset Management median (#1136 of 1571)
No single metric tells the full story. See the NOAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noah Holdings Ltd is a wealth management service provider offering comprehensive advisory services on investment and asset allocation, mainly for Mandarin-speaking high-net-worth (HNW) investors. The company's operating segments are Domestic public securities, Domestic asset management, Domestic insurance, Overseas wealth management, Overseas asset management, Overseas insurance and comprehensive services, and Headquarters. Maximum revenue is generated from its Domestic asset management business, which manages private equity funds, real estate equity funds, and private secondary products. The domestic asset management operations focus on managing primary market exits and cross-border ETF products in the secondary market. Geographically, it derives maximum revenue from Mainland China.
73GF Score
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