KBC AncoraSTU:KB9 75 Net Margin % is 97.96% as of Dec. 2025, which is 1% below its 10-year median of 99.08. GuruFocus rates STU:KB9 with a GF Score™ of 75/100 and a GF Value™ of €57.77 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,579 Asset Management companies, KBC Ancora ranks better than 78.34% on this metric.
Net margin is calculated as Net Income divided by its Revenue. KBC Ancora's Net Income for the
six
months ended in Dec. 2025 was €74.4 Mil. KBC Ancora's Revenue for the
six
months ended in Dec. 2025 was €75.9 Mil. Therefore, KBC Ancora's net margin for the quarter that ended in Dec. 2025 was 97.96%.
The historical rank and industry rank for KBC Ancora's Net Margin % or its related term are showing as below:
STU:KB9'
s Net Margin % Range Over the Past 10 Years
Min: 96.44 Med: 99.08 Max: 112.03
Current: 99
STU:KB9's Net Margin % is ranked better than 78.34% of 1579
companies
in the Asset Management industry
Industry Median: 84.88
vs STU:KB9: 99.00
KBC Ancora (STU:KB9) 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.
KBC Ancora Net Margin % Related Terms
KBC Ancora Net Margin % Historical Data
* Premium members only.
The historical data trend for KBC Ancora'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 Asset Management subindustry, KBC Ancora'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.
KBC Ancora Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, KBC Ancora's Net Margin % distribution charts can be found below:
* The bar in red indicates where KBC Ancora'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.
KBC Ancora (STU:KB9) has a Net Margin % of 97.96% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on KBC Ancora and its competitors. This is near median its historical median of 99.08. Over the past decade, KBC Ancora's Net Margin % has ranged from 96.44 to 112.03. According to the industry distribution chart, KBC Ancora ranks #342 out of 1579 companies in the Asset Management industry, placing it in the top 21.7%.
Is KBC Ancora's Net Margin % too high?
KBC Ancora's current Net Margin % of 97.96% is near median its 10-year median of 99.08. Over the past 10 years, this metric has ranged from a low of 96.44 to a high of 112.03. The Asset Management industry median Net Margin % is 84.88. KBC Ancora's value of 97.96% is 15.4% above this industry median. Based on the distribution chart, KBC Ancora ranks #342 out of 1579 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, KBC Ancora has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KBC Ancora's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, KBC Ancora ranks #342 out of 1579 companies for Net Margin %. This places KBC Ancora in the top 22% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.88. KBC Ancora's value of 97.96% is 15.4% above this benchmark. Historically, KBC Ancora's own Net Margin % has ranged from 96.44 to 112.03 over the past decade. While the company's 10-year median is 99.08 vs. the industry median of 84.88, KBC Ancora 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 an Asset Management company?
The median Net Margin % among Asset Management companies is 84.88, based on 1,579 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. KBC Ancora's current Net Margin % of 97.96% is 15.4% 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 KBC Ancora and its competitors. For the Asset Management industry, the median Net Margin % is 84.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KBC Ancora's current Net Margin % is 97.96%, which is near median its own 10-year median of 99.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KBC Ancora stock overvalued right now?
Based on GuruFocus' analysis, KBC Ancora (STU:KB9) is currently considered Significantly Overvalued. The stock's GF Value™ is €57.77, compared to a current price of €81.70 — trading 41.4% above its estimated fair value. The current Net Margin % is 97.96%, which is near median its 10-year median of 99.08 and 15.4% above the Asset Management industry median of 84.88. KBC Ancora's overall GF Score™ is 75/100 with 8 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 KBC Ancora (STU:KB9), the current Net Margin % is 97.96% 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 KBC Ancora (STU:KB9) Overvalued in 2026?
Based on GuruFocus' analysis, KBC Ancora stock appears to be overvalued.
The current stock price of €81.70 is trading 41.4% above its estimated GF Value™ of €57.77.
GuruFocus considers KBC Ancora to be Significantly Overvalued.
Key valuation signals for STU:KB9:
Net Margin %: 97.96% (near median its 10-year median of 99.08)
GF Value™: €57.77 vs. price of €81.70 (41.4% above fair value)
Industry Position: 15.4% above the Asset Management median (#342 of 1579)
No single metric tells the full story. See the STU:KB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KBC Ancora SA is a financial services holding company whose sole asset is a substantial participating interest in KBC Group. Its operational activities are fairly limited. The group engages in retail banking, insurance, and asset management services, deriving the vast majority of its profits from activities in Belgium. Other profit-driving markets include the Czech Republic, Bulgaria, and Ireland. Revenue is reported through net interest income, insurance premiums, and fees and commissions, reflecting a diverse range of services.
75GF Score
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