FMFG'
s Pretax Margin % Range Over the Past 10 Years
Min: 22.57 Med: 31.37 Max: 42.86
Current: 31.06
FMFG's Pretax Margin % is ranked worse than 60% of 1530
companies
in the Banks industry
Industry Median: 34.715
vs FMFG: 31.06
Farmers and Merchants Bancshares (MD) (OTCPK:FMFG) 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 (MD) Pretax Margin % Related Terms
Farmers and Merchants Bancshares (MD) 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 (MD) Pretax Margin % Chart
FMFG vs FFBW, BBBK, STBI: Pretax Margin % Comparison
For the Banks - Regional subindustry, Farmers and Merchants Bancshares (MD)'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 (MD) Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares (MD)'s Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Farmers and Merchants Bancshares (MD)'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 (MD) (FMFG) has a Pretax Margin % of 34.99% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Farmers and Merchants Bancshares (MD) and its competitors. This is 12% above median its historical median of 31.37. Over the past decade, Farmers and Merchants Bancshares (MD)'s Pretax Margin % has ranged from 22.57 to 42.86. According to the industry distribution chart, Farmers and Merchants Bancshares (MD) ranks #918 out of 1530 companies in the Banks industry, placing it in the top 60%.
Is Farmers and Merchants Bancshares (MD)'s Pretax Margin % too high?
Farmers and Merchants Bancshares (MD)'s current Pretax Margin % of 34.99% is 12% above median its 10-year median of 31.37. Over the past 10 years, this metric has ranged from a low of 22.57 to a high of 42.86. The Banks industry median Pretax Margin % is 34.72. Farmers and Merchants Bancshares (MD)'s value of 34.99% is 0.8% above this industry median. Based on the distribution chart, Farmers and Merchants Bancshares (MD) ranks #918 out of 1530 companies in the Banks industry, which is below the industry midpoint. Overall, Farmers and Merchants Bancshares (MD) has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Farmers and Merchants Bancshares (MD)'s Pretax Margin % compare to FFBW and BBBK?
According to the Banks industry distribution chart, Farmers and Merchants Bancshares (MD) ranks #918 out of 1530 companies for Pretax Margin %. This places Farmers and Merchants Bancshares (MD) in the lower half of its industry. The industry median Pretax Margin % is 34.72. Farmers and Merchants Bancshares (MD)'s value of 34.99% is 0.8% above this benchmark. Historically, Farmers and Merchants Bancshares (MD)'s own Pretax Margin % has ranged from 22.57 to 42.86 over the past decade. While the company's 10-year median is 31.37 vs. the industry median of 34.72, Farmers and Merchants Bancshares (MD) 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. Farmers and Merchants Bancshares (MD)'s current Pretax Margin % of 34.99% is 0.8% 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 Farmers and Merchants Bancshares (MD) 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. Farmers and Merchants Bancshares (MD)'s current Pretax Margin % is 34.99%, which is 12% above median its own 10-year median of 31.37. 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 (MD) stock overvalued right now?
Based on GuruFocus' analysis, Farmers and Merchants Bancshares (MD) (FMFG) is currently considered Fairly Valued. The stock's GF Value™ is $18.78, compared to a current price of $18.00 — trading 4.2% below its estimated fair value. The current Pretax Margin % is 34.99%, which is 12% above median its 10-year median of 31.37 and 0.8% above the Banks industry median of 34.72. Farmers and Merchants Bancshares (MD)'s 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 Farmers and Merchants Bancshares (MD) (FMFG), the current Pretax Margin % is 34.99% 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 Farmers and Merchants Bancshares (MD) (FMFG) Overvalued in 2026?
Based on GuruFocus' analysis, Farmers and Merchants Bancshares (MD) stock appears to be undervalued.
The current stock price of $18.00 is trading 4.2% below its estimated GF Value™ of $18.78.
GuruFocus considers Farmers and Merchants Bancshares (MD) to be Fairly Valued.
Key valuation signals for FMFG:
Pretax Margin %: 34.99% (12% above median its 10-year median of 31.37)
GF Value™: $18.78 vs. price of $18.00 (4.2% below fair value)
Industry Position: 0.8% above the Banks median (#918 of 1530)
No single metric tells the full story. See the FMFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmers and Merchants Bancshares (MD) Business Description
Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland, and surrounding areas of northern Maryland. It provides Personal, Business, and Electronic banking services.
64GF Score
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