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First Brothers CoTSE:3454 +0.08%65 Net Margin % is 29.00% as of May. 2026, which is 164% above its 10-year median of 10.97. GuruFocus rates TSE:3454 with a GF Score™ of 65/100 and a GF Value™ of 円1,541.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,569 Asset Management companies, First Brothers Co ranks worse than 74.44% on this metric.
The historical rank and industry rank for First Brothers Co's Net Margin % or its related term are showing as below:
TSE:3454'
s Net Margin % Range Over the Past 10 Years
Min: 8.26 Med: 10.97 Max: 16.39
Current: 16.39
TSE:3454's Net Margin % is ranked worse than 74.44% of 1569
companies
in the Asset Management industry
Industry Median: 85.3
vs TSE:3454: 16.39
First Brothers Co (TSE:3454) 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 Brothers Co Net Margin % Related Terms
First Brothers Co Net Margin % Historical Data
* Premium members only.
The historical data trend for First Brothers Co'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, First Brothers Co'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 Brothers Co Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Brothers Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Brothers Co'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 Brothers Co (TSE:3454) has a Net Margin % of 29.00% as of May. 2026. Net margin is the ratio of total net income to net sales. View historical data on First Brothers Co and its competitors. This is 164% above median its historical median of 10.97. Over the past decade, First Brothers Co's Net Margin % has ranged from 8.26 to 16.39. According to the industry distribution chart, First Brothers Co ranks #1168 out of 1569 companies in the Asset Management industry, placing it in the top 74.4%.
Is First Brothers Co's Net Margin % too high?
First Brothers Co's current Net Margin % of 29.00% is 164% above median its 10-year median of 10.97. Over the past 10 years, this metric has ranged from a low of 8.26 to a high of 16.39. The Asset Management industry median Net Margin % is 85.30. First Brothers Co's value of 29.00% is 66% below this industry median. Based on the distribution chart, First Brothers Co ranks #1168 out of 1569 companies in the Asset Management industry, which is below the industry midpoint. Overall, First Brothers Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #1168 out of 1569 companies for Net Margin %. This places First Brothers Co in the lower half of its industry. The industry median Net Margin % is 85.30. First Brothers Co's value of 29.00% is 66% below this benchmark. Historically, First Brothers Co's own Net Margin % has ranged from 8.26 to 16.39 over the past decade. While the company's 10-year median is 10.97 vs. the industry median of 85.30, First Brothers Co 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 Asset Management company?
The median Net Margin % among Asset Management companies is 85.30, based on 1,569 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 Brothers Co's current Net Margin % of 29.00% is 66% 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 First Brothers Co and its competitors. For the Asset Management industry, the median Net Margin % is 85.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current Net Margin % is 29.00%, which is 164% above median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,541.44, compared to a current price of 円1,277.00 — trading 17.2% below its estimated fair value. The current Net Margin % is 29.00%, which is 164% above median its 10-year median of 10.97 and 66% below the Asset Management industry median of 85.30. First Brothers Co's overall GF Score™ is 65/100 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 First Brothers Co (TSE:3454), the current Net Margin % is 29.00% as of May. 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 Brothers Co (TSE:3454) Overvalued in 2026?
Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued.
The current stock price of 円1,277.00 is trading 17.2% below its estimated GF Value™ of 円1,541.44.
GuruFocus considers First Brothers Co to be Modestly Undervalued.
Key valuation signals for TSE:3454:
Net Margin %: 29.00% (164% above median its 10-year median of 10.97)
GF Value™: 円1,541.44 vs. price of 円1,277.00 (17.2% below fair value)
Industry Position: 66% below the Asset Management median (#1168 of 1569)
No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
65GF Score
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