The historical rank and industry rank for Farmers and Merchants Bancshares's Pretax Margin % or its related term are showing as below:
FMBN'
s Pretax Margin % Range Over the Past 10 Years
Min: -2.19 Med: 12.02 Max: 35.38
Current: 14.15
FMBN's Pretax Margin % is not ranked
in the Banks industry.
Industry Median: 34.885
vs FMBN: 14.15
Farmers and Merchants Bancshares (OTCPK:FMBN) 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.
Farmers and Merchants Bancshares Pretax Margin % Related Terms
Farmers and Merchants Bancshares Pretax 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.
Farmers and Merchants Bancshares Pretax Margin % Chart
FMBN vs JDVB, RVSB, FMBM: Pretax Margin % Comparison
For the Banks - Regional subindustry, Farmers and Merchants Bancshares'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.
Farmers and Merchants Bancshares Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Farmers and Merchants Bancshares'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.
Farmers and Merchants Bancshares (FMBN) has a Pretax Margin % of 14.15% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Farmers and Merchants Bancshares and its competitors. This is 18% above median its historical median of 12.02.
Is Farmers and Merchants Bancshares' Pretax Margin % too high?
Farmers and Merchants Bancshares' current Pretax Margin % of 14.15% is 18% above median its 10-year median of 12.02. The Banks industry median Pretax Margin % is 34.89. Farmers and Merchants Bancshares' value of 14.15% is 59.4% below this industry median. Overall, Farmers and Merchants Bancshares has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Farmers and Merchants Bancshares' Pretax Margin % compare to JDVB and RVSB?
Farmers and Merchants Bancshares' Pretax Margin % of 14.15% can be compared against companies in the Banks industry. The industry median Pretax Margin % is 34.89. Farmers and Merchants Bancshares' value of 14.15% is 59.4% below this benchmark. While the company's 10-year median is 12.02 vs. the industry median of 34.89, Farmers and Merchants Bancshares 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 a Banks company?
The median Pretax Margin % among Banks companies is 34.89, based on 1,526 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. Farmers and Merchants Bancshares's current Pretax Margin % of 14.15% is 59.4% 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 Farmers and Merchants Bancshares and its competitors. For the Banks industry, the median Pretax Margin % is 34.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmers and Merchants Bancshares's current Pretax Margin % is 14.15%, which is 18% above median its own 10-year median of 12.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmers and Merchants Bancshares stock overvalued right now?
Farmers and Merchants Bancshares (FMBN) has a current Pretax Margin % of 14.15%. The stock's GF Value™ is $24.88, compared to a current price of $35.50 — trading 42.7% above its estimated fair value. The current Pretax Margin % is 14.15%, which is 18% above median its 10-year median of 12.02 and 59.4% below the Banks industry median of 34.89. Farmers and Merchants Bancshares' overall GF Score™ is 51/100 with 5 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 Farmers and Merchants Bancshares (FMBN), the current Pretax Margin % is 14.15% 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 Farmers and Merchants Bancshares (FMBN) Overvalued in 2026?
Based on GuruFocus' analysis, Farmers and Merchants Bancshares stock appears to be overvalued.
The current stock price of $35.50 is trading 42.7% above its estimated GF Value™ of $24.88.
Key valuation signals for FMBN:
Pretax Margin %: 14.15% (18% above median its 10-year median of 12.02)
GF Value™: $24.88 vs. price of $35.50 (42.7% above fair value)
No single metric tells the full story. See the FMBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmers and Merchants Bancshares Business Description
Farmers and Merchants Bancshares Inc is a bank holding company. The company provides financial services through its offices in the greater Burlington, Iowa area. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, agricultural, commercial and installment loans.
51GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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