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Wema BankNSA:WEMA -2.50%65 Net Margin % is 48.41% as of Dec. 2025, which is 273% above its 10-year median of 12.98. GuruFocus rates NSA:WEMA with a GF Score™ of 65/100 and a GF Value™ of ₦13.09 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,527 Banks companies, Wema Bank ranks better than 91.68% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Wema Bank's Net Income for the
three
months ended in Dec. 2025 was ₦67,072 Mil. Wema Bank's Revenue for the
three
months ended in Dec. 2025 was ₦138,563 Mil. Therefore, Wema Bank's net margin for the quarter that ended in Dec. 2025 was 48.41%.
The historical rank and industry rank for Wema Bank's Net Margin % or its related term are showing as below:
NSA:WEMA'
s Net Margin % Range Over the Past 10 Years
Min: 7.3 Med: 12.98 Max: 46.91
Current: 46.91
NSA:WEMA's Net Margin % is ranked better than 91.68% of 1527
companies
in the Banks industry
Industry Median: 26.87
vs NSA:WEMA: 46.91
Wema Bank (NSA:WEMA) 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.
Wema Bank Net Margin % Related Terms
Wema Bank Net Margin % Historical Data
* Premium members only.
The historical data trend for Wema Bank'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, Wema Bank'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.
Wema Bank Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Wema Bank's Net Margin % distribution charts can be found below:
* The bar in red indicates where Wema Bank'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.
Wema Bank (NSA:WEMA) has a Net Margin % of 48.41% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Wema Bank and its competitors. This is 273% above median its historical median of 12.98. Over the past decade, Wema Bank's Net Margin % has ranged from 7.30 to 46.91. According to the industry distribution chart, Wema Bank ranks #127 out of 1527 companies in the Banks industry, placing it in the top 8.3%.
Is Wema Bank's Net Margin % too high?
Wema Bank's current Net Margin % of 48.41% is 273% above median its 10-year median of 12.98. Over the past 10 years, this metric has ranged from a low of 7.30 to a high of 46.91. The Banks industry median Net Margin % is 26.87. Wema Bank's value of 48.41% is 80.2% above this industry median. Based on the distribution chart, Wema Bank ranks #127 out of 1527 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Wema Bank has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wema Bank's Net Margin % compare to competitors?
According to the Banks industry distribution chart, Wema Bank ranks #127 out of 1527 companies for Net Margin %. This places Wema Bank in the top 8% of its industry — outperforming the majority of peers. The industry median Net Margin % is 26.87. Wema Bank's value of 48.41% is 80.2% above this benchmark. Historically, Wema Bank's own Net Margin % has ranged from 7.30 to 46.91 over the past decade. While the company's 10-year median is 12.98 vs. the industry median of 26.87, Wema Bank 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 26.87, 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. Wema Bank's current Net Margin % of 48.41% is 80.2% 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 Wema Bank and its competitors. For the Banks industry, the median Net Margin % is 26.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wema Bank's current Net Margin % is 48.41%, which is 273% above median its own 10-year median of 12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wema Bank stock overvalued right now?
Based on GuruFocus' analysis, Wema Bank (NSA:WEMA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦13.09, compared to a current price of ₦29.25 — trading 123.5% above its estimated fair value. The current Net Margin % is 48.41%, which is 273% above median its 10-year median of 12.98 and 80.2% above the Banks industry median of 26.87. Wema Bank's overall GF Score™ is 65/100 with 2 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 Wema Bank (NSA:WEMA), the current Net Margin % is 48.41% as of Dec. 2025. 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 Wema Bank (NSA:WEMA) Overvalued in 2026?
Based on GuruFocus' analysis, Wema Bank stock appears to be overvalued.
The current stock price of ₦29.25 is trading 123.5% above its estimated GF Value™ of ₦13.09.
GuruFocus considers Wema Bank to be Significantly Overvalued.
Key valuation signals for NSA:WEMA:
Net Margin %: 48.41% (273% above median its 10-year median of 12.98)
GF Value™: ₦13.09 vs. price of ₦29.25 (123.5% above fair value)
Industry Position: 80.2% above the Banks median (#127 of 1527)
No single metric tells the full story. See the NSA:WEMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wema Bank PLC is a commercial bank. The company offers retail banking, SME banking, corporate banking, treasury, trade services and financial advisory to its customers. Its services include granting of loans and advances, corporate finance and money market activities. The bank operates in four geographical regions: South-west, South-South, Abuja, and Lagos zones. Wema derives the majority of its revenues from Lagos.
65GF 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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