SanlamSLMAF 84 Net Margin % is 3.59% as of Dec. 2025, which is 57% below its 10-year median of 8.43. GuruFocus rates SLMAF with a GF Score™ of 84/100 and a GF Value™ of $4.47. The stock has 2 warning signs investors should review. Among 503 Insurance companies, Sanlam ranks worse than 66% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Sanlam's Net Income for the
six
months ended in Dec. 2025 was $339 Mil. Sanlam's Revenue for the
six
months ended in Dec. 2025 was $9,457 Mil. Therefore, Sanlam's net margin for the quarter that ended in Dec. 2025 was 3.59%.
The historical rank and industry rank for Sanlam's Net Margin % or its related term are showing as below:
SLMAF'
s Net Margin % Range Over the Past 10 Years
Min: 0.55 Med: 8.43 Max: 14.94
Current: 5.71
SLMAF's Net Margin % is ranked worse than 66% of 503
companies
in the Insurance industry
Industry Median: 9.29
vs SLMAF: 5.71
Sanlam (OTCPK:SLMAF) 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.
Sanlam Net Margin % Related Terms
Sanlam Net Margin % Historical Data
* Premium members only.
The historical data trend for Sanlam'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 Insurance - Life subindustry, Sanlam'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.
Sanlam Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Sanlam's Net Margin % distribution charts can be found below:
* The bar in red indicates where Sanlam'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.
Sanlam (SLMAF) has a Net Margin % of 3.59% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Sanlam and its competitors. This is 57% below median its historical median of 8.43. Over the past decade, Sanlam's Net Margin % has ranged from 0.55 to 14.94. According to the industry distribution chart, Sanlam ranks #332 out of 503 companies in the Insurance industry, placing it in the top 66%.
Is Sanlam's Net Margin % too high?
Sanlam's current Net Margin % of 3.59% is 57% below median its 10-year median of 8.43. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 14.94. The Insurance industry median Net Margin % is 9.29. Sanlam's value of 3.59% is 61.4% below this industry median. Based on the distribution chart, Sanlam ranks #332 out of 503 companies in the Insurance industry, which is below the industry midpoint. Overall, Sanlam has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Sanlam's Net Margin % compare to AFL and MET?
According to the Insurance industry distribution chart, Sanlam ranks #332 out of 503 companies for Net Margin %. This places Sanlam in the lower half of its industry. The industry median Net Margin % is 9.29. Sanlam's value of 3.59% is 61.4% below this benchmark. Historically, Sanlam's own Net Margin % has ranged from 0.55 to 14.94 over the past decade. While the company's 10-year median is 8.43 vs. the industry median of 9.29, Sanlam 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 Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 503 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. Sanlam's current Net Margin % of 3.59% is 61.4% 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 Sanlam and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanlam's current Net Margin % is 3.59%, which is 57% below median its own 10-year median of 8.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanlam stock overvalued right now?
Sanlam (SLMAF) has a current Net Margin % of 3.59%. The stock's GF Value™ is $4.47, compared to a current price of $3.48 — trading 22.2% below its estimated fair value. The current Net Margin % is 3.59%, which is 57% below median its 10-year median of 8.43 and 61.4% below the Insurance industry median of 9.29. Sanlam's overall GF Score™ is 84/100 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 Sanlam (SLMAF), the current Net Margin % is 3.59% 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 Sanlam (SLMAF) Overvalued in 2026?
Based on GuruFocus' analysis, Sanlam stock appears to be undervalued.
The current stock price of $3.48 is trading 22.2% below its estimated GF Value™ of $4.47.
Key valuation signals for SLMAF:
Net Margin %: 3.59% (57% below median its 10-year median of 8.43)
GF Value™: $4.47 vs. price of $3.48 (22.2% below fair value)
Industry Position: 61.4% below the Insurance median (#332 of 503)
No single metric tells the full story. See the SLMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanlam Ltd sells insurance products and provides investment and wealth management services. Its operating segments include Sanlam Life and Savings, Pan-Africa, Asia, Sanlam Investments, and Santam. It operates in South Africa, Pan-Africa, Asia, and International.
84GF Score
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