Ermenegildo Zegna NVSTU:JN0 +1.07%83 Net Margin % is 5.61% as of Dec. 2025, which is 69% above its 10-year median of 3.32. GuruFocus rates STU:JN0 with a GF Score™ of 83/100 and a GF Value™ of €9.82 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,040 Manufacturing - Apparel & Accessories companies, Ermenegildo Zegna NV ranks better than 65.58% on this metric.
Ermenegildo Zegna NV (STU:JN0) 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.
Ermenegildo Zegna NV Net Margin % Related Terms
Ermenegildo Zegna NV Net Margin % Historical Data
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The historical data trend for Ermenegildo Zegna NV'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.
STU:JN0 vs PVH, COLM, UAA: Net Margin % Comparison
For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV'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.
Ermenegildo Zegna NV Net Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's Net Margin % distribution charts can be found below:
* The bar in red indicates where Ermenegildo Zegna NV'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.
Ermenegildo Zegna NV (STU:JN0) has a Net Margin % of 5.61% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Ermenegildo Zegna NV and its competitors. This is 69% above median its historical median of 3.32. According to the industry distribution chart, Ermenegildo Zegna NV ranks #358 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 34.4%.
Is Ermenegildo Zegna NV's Net Margin % too high?
Ermenegildo Zegna NV's current Net Margin % of 5.61% is 69% above median its 10-year median of 3.32. The Manufacturing - Apparel & Accessories industry median Net Margin % is 2.58. Ermenegildo Zegna NV's value of 5.61% is 117.4% above this industry median. Based on the distribution chart, Ermenegildo Zegna NV ranks #358 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Ermenegildo Zegna NV has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's Net Margin % compare to PVH and COLM?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ermenegildo Zegna NV ranks #358 out of 1040 companies for Net Margin %. This puts Ermenegildo Zegna NV in the upper half of its industry. The industry median Net Margin % is 2.58. Ermenegildo Zegna NV's value of 5.61% is 117.4% above this benchmark. While the company's 10-year median is 3.32 vs. the industry median of 2.58, Ermenegildo Zegna NV 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 Manufacturing - Apparel & Accessories company?
The median Net Margin % among Manufacturing - Apparel & Accessories companies is 2.58, based on 1,040 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. Ermenegildo Zegna NV's current Net Margin % of 5.61% is 117.4% 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 Ermenegildo Zegna NV and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ermenegildo Zegna NV's current Net Margin % is 5.61%, which is 69% above median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (STU:JN0) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.82, compared to a current price of €11.37 — trading 15.8% above its estimated fair value. The current Net Margin % is 5.61%, which is 69% above median its 10-year median of 3.32 and 117.4% above the Manufacturing - Apparel & Accessories industry median of 2.58. Ermenegildo Zegna NV's overall GF Score™ is 83/100 with 4 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 Ermenegildo Zegna NV (STU:JN0), the current Net Margin % is 5.61% 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 Ermenegildo Zegna NV (STU:JN0) Overvalued in 2026?
Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be overvalued.
The current stock price of €11.37 is trading 15.8% above its estimated GF Value™ of €9.82.
GuruFocus considers Ermenegildo Zegna NV to be Modestly Overvalued.
Key valuation signals for STU:JN0:
Net Margin %: 5.61% (69% above median its 10-year median of 3.32)
GF Value™: €9.82 vs. price of €11.37 (15.8% above fair value)
Industry Position: 117.4% above the Manufacturing - Apparel & Accessories median (#358 of 1040)
No single metric tells the full story. See the STU:JN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
83GF Score
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