ANZ Group HoldingsASX:ANZ +0.43%64 Pretax Margin % is 47.47% as of Mar. 2026, which is 1% below its 10-year median of 47.77. GuruFocus rates ASX:ANZ with a GF Score™ of 64/100 and a GF Value™ of A$32.96 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,530 Banks companies, ANZ Group Holdings ranks better than 61.44% on this metric.
The historical rank and industry rank for ANZ Group Holdings's Pretax Margin % or its related term are showing as below:
ASX:ANZ'
s Pretax Margin % Range Over the Past 10 Years
Min: 30.14 Med: 47.77 Max: 53.04
Current: 39.31
ASX:ANZ's Pretax Margin % is ranked better than 61.44% of 1530
companies
in the Banks industry
Industry Median: 34.715
vs ASX:ANZ: 39.31
ANZ Group Holdings (ASX:ANZ) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
ANZ Group Holdings Pretax Margin % Related Terms
ANZ Group Holdings Pretax Margin % Historical Data
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The historical data trend for ANZ Group Holdings's Pretax 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.
ASX:ANZ vs JPM, BAC, WFC: Pretax Margin % Comparison
For the Banks - Diversified subindustry, ANZ Group Holdings's Pretax Margin %, along with its competitors' market caps and Pretax 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.
ANZ Group Holdings Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, ANZ Group Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ANZ Group Holdings's Pretax 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.
ANZ Group Holdings (ASX:ANZ) has a Pretax Margin % of 47.47% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ANZ Group Holdings and its competitors. This is near median its historical median of 47.77. Over the past decade, ANZ Group Holdings' Pretax Margin % has ranged from 30.14 to 53.04. According to the industry distribution chart, ANZ Group Holdings ranks #590 out of 1530 companies in the Banks industry, placing it in the top 38.6%.
Is ANZ Group Holdings' Pretax Margin % too high?
ANZ Group Holdings' current Pretax Margin % of 47.47% is near median its 10-year median of 47.77. Over the past 10 years, this metric has ranged from a low of 30.14 to a high of 53.04. The Banks industry median Pretax Margin % is 34.72. ANZ Group Holdings' value of 47.47% is 36.7% above this industry median. Based on the distribution chart, ANZ Group Holdings ranks #590 out of 1530 companies in the Banks industry, which is above the industry midpoint. Overall, ANZ Group Holdings has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANZ Group Holdings' Pretax Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, ANZ Group Holdings ranks #590 out of 1530 companies for Pretax Margin %. This puts ANZ Group Holdings in the upper half of its industry. The industry median Pretax Margin % is 34.72. ANZ Group Holdings' value of 47.47% is 36.7% above this benchmark. Historically, ANZ Group Holdings' own Pretax Margin % has ranged from 30.14 to 53.04 over the past decade. While the company's 10-year median is 47.77 vs. the industry median of 34.72, ANZ Group Holdings 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 Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 34.72, based on 1,530 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ANZ Group Holdings's current Pretax Margin % of 47.47% is 36.7% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ANZ Group Holdings and its competitors. For the Banks industry, the median Pretax Margin % is 34.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANZ Group Holdings's current Pretax Margin % is 47.47%, which is near median its own 10-year median of 47.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANZ Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANZ Group Holdings (ASX:ANZ) is currently considered Fairly Valued. The stock's GF Value™ is A$32.96, compared to a current price of A$35.35 — trading 7.3% above its estimated fair value. The current Pretax Margin % is 47.47%, which is near median its 10-year median of 47.77 and 36.7% above the Banks industry median of 34.72. ANZ Group Holdings' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For ANZ Group Holdings (ASX:ANZ), the current Pretax Margin % is 47.47% as of Mar. 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 ANZ Group Holdings (ASX:ANZ) Overvalued in 2026?
Based on GuruFocus' analysis, ANZ Group Holdings stock appears to be overvalued.
The current stock price of A$35.35 is trading 7.3% above its estimated GF Value™ of A$32.96.
GuruFocus considers ANZ Group Holdings to be Fairly Valued.
Key valuation signals for ASX:ANZ:
Pretax Margin %: 47.47% (near median its 10-year median of 47.77)
GF Value™: A$32.96 vs. price of A$35.35 (7.3% above fair value)
Industry Position: 36.7% above the Banks median (#590 of 1530)
No single metric tells the full story. See the ASX:ANZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANZ Group is the owner of one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasized, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalized and a simpler bank.
64GF Score
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