The historical rank and industry rank for First National Financial's Net Margin % or its related term are showing as below:
TSX:FN'
s Net Margin % Range Over the Past 10 Years
Min: 33.99 Med: 41.33 Max: 48.46
Current: 33.99
TSX:FN's Net Margin % is not ranked
in the Banks industry.
Industry Median: 26.95
vs TSX:FN: 33.99
First National Financial (TSX:FN) 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 National Financial Net Margin % Related Terms
First National Financial Net Margin % Historical Data
* 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.
TSX:FN vs RKT, FNMA, FMCC: Net Margin % Comparison
For the Mortgage Finance subindustry, First National Financial'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 National Financial Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, First National Financial's Net Margin % distribution charts can be found below:
* The bar in red indicates where First National Financial'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 National Financial (TSX:FN) has a Net Margin % of 36.15% as of Sep. 2025. Net margin is the ratio of total net income to net sales. View historical data on First National Financial and its competitors. This is 13% below median its historical median of 41.33. Over the past decade, First National Financial's Net Margin % has ranged from 33.99 to 48.46.
Is First National Financial's Net Margin % too high?
First National Financial's current Net Margin % of 36.15% is 13% below median its 10-year median of 41.33. Over the past 10 years, this metric has ranged from a low of 33.99 to a high of 48.46. The Banks industry median Net Margin % is 26.95. First National Financial's value of 36.15% is 34.1% above this industry median. Overall, First National Financial has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does First National Financial's Net Margin % compare to RKT and FNMA?
First National Financial's Net Margin % of 36.15% can be compared against companies in the Banks industry. The industry median Net Margin % is 26.95. First National Financial's value of 36.15% is 34.1% above this benchmark. Historically, First National Financial's own Net Margin % has ranged from 33.99 to 48.46 over the past decade. While the company's 10-year median is 41.33 vs. the industry median of 26.95, First National Financial 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 26.95, 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. First National Financial's current Net Margin % of 36.15% is 34.1% 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 First National Financial and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National Financial's current Net Margin % is 36.15%, which is 13% below median its own 10-year median of 41.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First National Financial stock overvalued right now?
First National Financial (TSX:FN) has a current Net Margin % of 36.15%. The stock's GF Value™ is C$59.71, compared to a current price of C$47.98 — trading 19.6% below its estimated fair value. The current Net Margin % is 36.15%, which is 13% below median its 10-year median of 41.33 and 34.1% above the Banks industry median of 26.95. First National Financial's overall GF Score™ is 19/100 with 5 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 National Financial (TSX:FN), the current Net Margin % is 36.15% as of Sep. 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 First National Financial (TSX:FN) Overvalued in 2026?
Based on GuruFocus' analysis, First National Financial stock appears to be undervalued.
The current stock price of C$47.98 is trading 19.6% below its estimated GF Value™ of C$59.71.
Key valuation signals for TSX:FN:
Net Margin %: 36.15% (13% below median its 10-year median of 41.33)
GF Value™: C$59.71 vs. price of C$47.98 (19.6% below fair value)
No single metric tells the full story. See the TSX:FN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First National Financial Corp is a Canadian originator, underwriter and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.
19GF Score
Get the complete analysis for TSX:FN
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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