Porto SeguroBSP:PSSA3 +1.25%74 Pretax Margin % is 11.86% as of Mar. 2026, which is 13% above its 10-year median of 10.51. GuruFocus rates BSP:PSSA3 with a GF Score™ of 74/100 and a GF Value™ of R$45.13 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 506 Insurance companies, Porto Seguro ranks worse than 54.74% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Porto Seguro's Pre-Tax Income for the
three
months ended in Mar. 2026 was R$1,324 Mil. Porto Seguro's Revenue for the
three
months ended in Mar. 2026 was R$11,162 Mil. Therefore, Porto Seguro's pretax margin for the quarter that ended in Mar. 2026 was 11.86%.
The historical rank and industry rank for Porto Seguro's Pretax Margin % or its related term are showing as below:
BSP:PSSA3'
s Pretax Margin % Range Over the Past 10 Years
Min: 5.41 Med: 10.51 Max: 13.17
Current: 10.78
BSP:PSSA3's Pretax Margin % is ranked worse than 54.74% of 506
companies
in the Insurance industry
Industry Median: 12.02
vs BSP:PSSA3: 10.78
Porto Seguro (BSP:PSSA3) 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.
Porto Seguro Pretax Margin % Related Terms
Porto Seguro Pretax Margin % Historical Data
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The historical data trend for Porto Seguro'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.
BSP:PSSA3 vs BRK.A, AIG, HIG: Pretax Margin % Comparison
For the Insurance - Diversified subindustry, Porto Seguro'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.
Porto Seguro Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Porto Seguro's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Porto Seguro'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.
Porto Seguro (BSP:PSSA3) has a Pretax Margin % of 11.86% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Porto Seguro and its competitors. This is 13% above median its historical median of 10.51. Over the past decade, Porto Seguro's Pretax Margin % has ranged from 5.41 to 13.17. According to the industry distribution chart, Porto Seguro ranks #277 out of 506 companies in the Insurance industry, placing it in the top 54.7%.
Is Porto Seguro's Pretax Margin % too high?
Porto Seguro's current Pretax Margin % of 11.86% is 13% above median its 10-year median of 10.51. Over the past 10 years, this metric has ranged from a low of 5.41 to a high of 13.17. The Insurance industry median Pretax Margin % is 12.02. Porto Seguro's value of 11.86% is 1.3% below this industry median. Based on the distribution chart, Porto Seguro ranks #277 out of 506 companies in the Insurance industry, which is below the industry midpoint. Overall, Porto Seguro has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Porto Seguro's Pretax Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Porto Seguro ranks #277 out of 506 companies for Pretax Margin %. This places Porto Seguro in the lower half of its industry. The industry median Pretax Margin % is 12.02. Porto Seguro's value of 11.86% is 1.3% below this benchmark. Historically, Porto Seguro's own Pretax Margin % has ranged from 5.41 to 13.17 over the past decade. While the company's 10-year median is 10.51 vs. the industry median of 12.02, Porto Seguro 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 Pretax Margin % for an Insurance company?
The median Pretax Margin % among Insurance companies is 12.02, based on 506 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. Porto Seguro's current Pretax Margin % of 11.86% is 1.3% 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 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 Porto Seguro and its competitors. For the Insurance industry, the median Pretax Margin % is 12.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Porto Seguro's current Pretax Margin % is 11.86%, which is 13% above median its own 10-year median of 10.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Porto Seguro stock overvalued right now?
Based on GuruFocus' analysis, Porto Seguro (BSP:PSSA3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$45.13, compared to a current price of R$53.26 — trading 18% above its estimated fair value. The current Pretax Margin % is 11.86%, which is 13% above median its 10-year median of 10.51 and 1.3% below the Insurance industry median of 12.02. Porto Seguro's overall GF Score™ is 74/100 with 2 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 Porto Seguro (BSP:PSSA3), the current Pretax Margin % is 11.86% 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 Porto Seguro (BSP:PSSA3) Overvalued in 2026?
Based on GuruFocus' analysis, Porto Seguro stock appears to be overvalued.
The current stock price of R$53.26 is trading 18% above its estimated GF Value™ of R$45.13.
GuruFocus considers Porto Seguro to be Modestly Overvalued.
Key valuation signals for BSP:PSSA3:
Pretax Margin %: 11.86% (13% above median its 10-year median of 10.51)
GF Value™: R$45.13 vs. price of R$53.26 (18% above fair value)
Industry Position: 1.3% below the Insurance median (#277 of 506)
No single metric tells the full story. See the BSP:PSSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Porto Seguro SA is one of Brazil's diversified insurance companies that cover vehicles and residential homes. The company operates in many verticals like Insurance, bank, services and other business activities. The company provides a wide range of services including risk underwriting analysis, bike assistance, and surveillance. The company aims to provide products that meet several market needs through the following brands: Porto Seguro, Itau Auto e Residencia, and Azul Seguros and many others.
74GF Score
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