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First HoldcoNSA:FIRSTHOLDCO -5.20%63 Net Margin % is 41.68% as of Mar. 2026, which is 123% above its 10-year median of 18.69. GuruFocus rates NSA:FIRSTHOLDCO with a GF Score™ of 63/100 and a GF Value™ of ₦36.61 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,530 Banks companies, First Holdco ranks worse than 92.29% on this metric.
Net margin is calculated as Net Income divided by its Revenue. First Holdco's Net Income for the
three
months ended in Mar. 2026 was ₦266,672 Mil. First Holdco's Revenue for the
three
months ended in Mar. 2026 was ₦639,810 Mil. Therefore, First Holdco's net margin for the quarter that ended in Mar. 2026 was 41.68%.
The historical rank and industry rank for First Holdco's Net Margin % or its related term are showing as below:
NSA:FIRSTHOLDCO'
s Net Margin % Range Over the Past 10 Years
Min: 2.59 Med: 18.69 Max: 33.19
Current: 5.63
NSA:FIRSTHOLDCO's Net Margin % is ranked worse than 92.29% of 1530
companies
in the Banks industry
Industry Median: 26.845
vs NSA:FIRSTHOLDCO: 5.63
First Holdco (NSA:FIRSTHOLDCO) 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.
First Holdco Net Margin % Related Terms
First Holdco Net Margin % Historical Data
* Premium members only.
The historical data trend for First Holdco'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, First Holdco'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.
First Holdco Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, First Holdco's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Holdco'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.
First Holdco (NSA:FIRSTHOLDCO) has a Net Margin % of 41.68% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on First Holdco and its competitors. This is 123% above median its historical median of 18.69. Over the past decade, First Holdco's Net Margin % has ranged from 2.59 to 33.19. According to the industry distribution chart, First Holdco ranks #1412 out of 1530 companies in the Banks industry, placing it in the top 92.3%.
Is First Holdco's Net Margin % too high?
First Holdco's current Net Margin % of 41.68% is 123% above median its 10-year median of 18.69. Over the past 10 years, this metric has ranged from a low of 2.59 to a high of 33.19. The Banks industry median Net Margin % is 26.85. First Holdco's value of 41.68% is 55.3% above this industry median. Based on the distribution chart, First Holdco ranks #1412 out of 1530 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, First Holdco has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Holdco's Net Margin % compare to competitors?
According to the Banks industry distribution chart, First Holdco ranks #1412 out of 1530 companies for Net Margin %. This places First Holdco in the lower half of its industry. The industry median Net Margin % is 26.85. First Holdco's value of 41.68% is 55.3% above this benchmark. Historically, First Holdco's own Net Margin % has ranged from 2.59 to 33.19 over the past decade. While the company's 10-year median is 18.69 vs. the industry median of 26.85, First Holdco 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 26.85, based on 1,530 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. First Holdco's current Net Margin % of 41.68% is 55.3% 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 First Holdco and its competitors. For the Banks industry, the median Net Margin % is 26.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Holdco's current Net Margin % is 41.68%, which is 123% above median its own 10-year median of 18.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Holdco stock overvalued right now?
Based on GuruFocus' analysis, First Holdco (NSA:FIRSTHOLDCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦36.61, compared to a current price of ₦65.60 — trading 79.2% above its estimated fair value. The current Net Margin % is 41.68%, which is 123% above median its 10-year median of 18.69 and 55.3% above the Banks industry median of 26.85. First Holdco's overall GF Score™ is 63/100 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 First Holdco (NSA:FIRSTHOLDCO), the current Net Margin % is 41.68% 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 First Holdco (NSA:FIRSTHOLDCO) Overvalued in 2026?
Based on GuruFocus' analysis, First Holdco stock appears to be overvalued.
The current stock price of ₦65.60 is trading 79.2% above its estimated GF Value™ of ₦36.61.
GuruFocus considers First Holdco to be Significantly Overvalued.
Key valuation signals for NSA:FIRSTHOLDCO:
Net Margin %: 41.68% (123% above median its 10-year median of 18.69)
GF Value™: ₦36.61 vs. price of ₦65.60 (79.2% above fair value)
Industry Position: 55.3% above the Banks median (#1412 of 1530)
No single metric tells the full story. See the NSA:FIRSTHOLDCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Holdco PLC is a Nigerian financial services Group. The principal activities of the company are mainly the provision of Commercial Banking, Investment Banking, Asset Management, Trusteeship, Securities Brokerage and Insurance Brokerage. Its reportable segments are 1. Commercial Banking Business Group: It provides both individual and corporate clients/ customers with financial intermediation services, 2 Investment Banking and Asset Management Business Group: It provides advisory, asset management, markets and private equity services to a large institutional (corporations and governments) clientele, as well as merchant banking services., and 3. Others. The majority of revenue is derived from the Commercial Banking Business Group. Geographically, key revenue is derived from Nigeria.
63GF 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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