FCMB GroupNSA:FCMB -1.00%55 Net Margin % is 43.16% as of Mar. 2026, which is 180% above its 10-year median of 15.42. GuruFocus rates NSA:FCMB with a GF Score™ of 55/100 and a GF Value™ of ₦7.30 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,527 Banks companies, FCMB Group ranks better than 69.35% on this metric.
Net margin is calculated as Net Income divided by its Revenue. FCMB Group's Net Income for the
three
months ended in Mar. 2026 was ₦76,355 Mil. FCMB Group's Revenue for the
three
months ended in Mar. 2026 was ₦176,896 Mil. Therefore, FCMB Group's net margin for the quarter that ended in Mar. 2026 was 43.16%.
The historical rank and industry rank for FCMB Group's Net Margin % or its related term are showing as below:
NSA:FCMB'
s Net Margin % Range Over the Past 10 Years
Min: 8.46 Med: 15.42 Max: 32.66
Current: 32.66
NSA:FCMB's Net Margin % is ranked better than 69.35% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs NSA:FCMB: 32.66
FCMB Group (NSA:FCMB) 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.
FCMB Group Net Margin % Related Terms
FCMB Group Net Margin % Historical Data
* Premium members only.
The historical data trend for FCMB 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, FCMB 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.
FCMB Group Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, FCMB Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where FCMB 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.
FCMB Group (NSA:FCMB) has a Net Margin % of 43.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on FCMB Group and its competitors. This is 180% above median its historical median of 15.42. Over the past decade, FCMB Group's Net Margin % has ranged from 8.46 to 32.66. According to the industry distribution chart, FCMB Group ranks #468 out of 1527 companies in the Banks industry, placing it in the top 30.6%.
Is FCMB Group's Net Margin % too high?
FCMB Group's current Net Margin % of 43.16% is 180% above median its 10-year median of 15.42. Over the past 10 years, this metric has ranged from a low of 8.46 to a high of 32.66. The Banks industry median Net Margin % is 26.95. FCMB Group's value of 43.16% is 60.1% above this industry median. Based on the distribution chart, FCMB Group ranks #468 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, FCMB Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FCMB Group's Net Margin % compare to PNC?
According to the Banks industry distribution chart, FCMB Group ranks #468 out of 1527 companies for Net Margin %. This puts FCMB Group in the upper half of its industry. The industry median Net Margin % is 26.95. FCMB Group's value of 43.16% is 60.1% above this benchmark. Historically, FCMB Group's own Net Margin % has ranged from 8.46 to 32.66 over the past decade. While the company's 10-year median is 15.42 vs. the industry median of 26.95, FCMB 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 26.95, based on 1,527 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. FCMB Group's current Net Margin % of 43.16% is 60.1% 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 FCMB Group and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FCMB Group's current Net Margin % is 43.16%, which is 180% above median its own 10-year median of 15.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FCMB Group stock overvalued right now?
Based on GuruFocus' analysis, FCMB Group (NSA:FCMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦7.30, compared to a current price of ₦9.90 — trading 35.6% above its estimated fair value. The current Net Margin % is 43.16%, which is 180% above median its 10-year median of 15.42 and 60.1% above the Banks industry median of 26.95. FCMB Group's overall GF Score™ is 55/100 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 FCMB Group (NSA:FCMB), the current Net Margin % is 43.16% 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 FCMB Group (NSA:FCMB) Overvalued in 2026?
Based on GuruFocus' analysis, FCMB Group stock appears to be overvalued.
The current stock price of ₦9.90 is trading 35.6% above its estimated GF Value™ of ₦7.30.
GuruFocus considers FCMB Group to be Significantly Overvalued.
Key valuation signals for NSA:FCMB:
Net Margin %: 43.16% (180% above median its 10-year median of 15.42)
GF Value™: ₦7.30 vs. price of ₦9.90 (35.6% above fair value)
Industry Position: 60.1% above the Banks median (#468 of 1527)
No single metric tells the full story. See the NSA:FCMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FCMB Group PLC provides banking services. Its segments include Investment Banking, Investment Management, SME Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, and Treasury and Financial Markets. The majority of the revenue is derived from Corporate Banking which incorporates direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency and derivative products. The corporate banking business unit caters for the specific needs of companies and financial institutions. It operates in two geographic regions, being: Nigeria and Europe (UK).
55GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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