FirstrandFANDF 84 Pretax Margin % is 41.14% as of Dec. 2025, which is 5% above its 10-year median of 39.10. GuruFocus rates FANDF with a GF Score™ of 84/100 and a GF Value™ of $5.03 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,527 Banks companies, Firstrand ranks better than 60.64% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Firstrand's Pre-Tax Income for the
six
months ended in Dec. 2025 was $1,938 Mil. Firstrand's Revenue for the
six
months ended in Dec. 2025 was $4,710 Mil. Therefore, Firstrand's pretax margin for the quarter that ended in Dec. 2025 was 41.14%.
The historical rank and industry rank for Firstrand's Pretax Margin % or its related term are showing as below:
FANDF'
s Pretax Margin % Range Over the Past 10 Years
Min: 22.69 Med: 39.1 Max: 40.86
Current: 39.05
FANDF's Pretax Margin % is ranked better than 60.64% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs FANDF: 39.05
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.
Firstrand Pretax Margin % Related Terms
Firstrand Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Firstrand'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.
FANDF vs JPM, BAC, WFC: Pretax Margin % Comparison
For the Banks - Diversified subindustry, Firstrand'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.
Firstrand Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Firstrand's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Firstrand'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.
Firstrand (FANDF) has a Pretax Margin % of 41.14% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Firstrand and its competitors. This is near median its historical median of 39.10. Over the past decade, Firstrand's Pretax Margin % has ranged from 22.69 to 40.86. According to the industry distribution chart, Firstrand ranks #601 out of 1527 companies in the Banks industry, placing it in the top 39.4%.
Is Firstrand's Pretax Margin % too high?
Firstrand's current Pretax Margin % of 41.14% is near median its 10-year median of 39.10. Over the past 10 years, this metric has ranged from a low of 22.69 to a high of 40.86. The Banks industry median Pretax Margin % is 34.88. Firstrand's value of 41.14% is 17.9% above this industry median. Based on the distribution chart, Firstrand ranks #601 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, Firstrand has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Pretax Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #601 out of 1527 companies for Pretax Margin %. This puts Firstrand in the upper half of its industry. The industry median Pretax Margin % is 34.88. Firstrand's value of 41.14% is 17.9% above this benchmark. Historically, Firstrand's own Pretax Margin % has ranged from 22.69 to 40.86 over the past decade. While the company's 10-year median is 39.10 vs. the industry median of 34.88, Firstrand 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 34.88, based on 1,527 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. Firstrand's current Pretax Margin % of 41.14% is 17.9% 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 Firstrand and its competitors. For the Banks industry, the median Pretax Margin % is 34.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current Pretax Margin % is 41.14%, which is near median its own 10-year median of 39.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (FANDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.03, compared to a current price of $5.60 — trading 11.3% above its estimated fair value. The current Pretax Margin % is 41.14%, which is near median its 10-year median of 39.10 and 17.9% above the Banks industry median of 34.88. Firstrand's overall GF Score™ is 84/100 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 Firstrand (FANDF), the current Pretax Margin % is 41.14% 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 Firstrand (FANDF) Overvalued in 2026?
Based on GuruFocus' analysis, Firstrand stock appears to be overvalued.
The current stock price of $5.60 is trading 11.3% above its estimated GF Value™ of $5.03.
GuruFocus considers Firstrand to be Modestly Overvalued.
Key valuation signals for FANDF:
Pretax Margin %: 41.14% (near median its 10-year median of 39.10)
GF Value™: $5.03 vs. price of $5.60 (11.3% above fair value)
Industry Position: 17.9% above the Banks median (#601 of 1527)
No single metric tells the full story. See the FANDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
84GF Score
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