BFF Bank SpAFRA:2BF -2.99%66 Pretax Margin % is 63.42% as of Mar. 2026, which is 9% above its 10-year median of 58.38. GuruFocus rates FRA:2BF with a GF Score™ of 66/100 and a GF Value™ of €8.58 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 533 Credit Services companies, BFF Bank SpA ranks better than 60.79% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. BFF Bank SpA's Pre-Tax Income for the
three
months ended in Mar. 2026 was €71.1 Mil. BFF Bank SpA's Revenue for the
three
months ended in Mar. 2026 was €112.2 Mil. Therefore, BFF Bank SpA's pretax margin for the quarter that ended in Mar. 2026 was 63.42%.
The historical rank and industry rank for BFF Bank SpA's Pretax Margin % or its related term are showing as below:
FRA:2BF'
s Pretax Margin % Range Over the Past 10 Years
Min: 23.19 Med: 58.38 Max: 79.78
Current: 27.82
FRA:2BF's Pretax Margin % is ranked better than 60.79% of 533
companies
in the Credit Services industry
Industry Median: 20.02
vs FRA:2BF: 27.82
BFF Bank SpA (FRA:2BF) 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.
BFF Bank SpA Pretax Margin % Related Terms
BFF Bank SpA Pretax Margin % Historical Data
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The historical data trend for BFF Bank SpA'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.
For the Credit Services subindustry, BFF Bank SpA'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.
BFF Bank SpA Pretax Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, BFF Bank SpA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BFF Bank SpA'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.
BFF Bank SpA (FRA:2BF) has a Pretax Margin % of 63.42% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BFF Bank SpA and its competitors. This is near median its historical median of 58.38. Over the past decade, BFF Bank SpA's Pretax Margin % has ranged from 23.19 to 79.78. According to the industry distribution chart, BFF Bank SpA ranks #209 out of 533 companies in the Credit Services industry, placing it in the top 39.2%.
Is BFF Bank SpA's Pretax Margin % too high?
BFF Bank SpA's current Pretax Margin % of 63.42% is near median its 10-year median of 58.38. Over the past 10 years, this metric has ranged from a low of 23.19 to a high of 79.78. The Credit Services industry median Pretax Margin % is 20.02. BFF Bank SpA's value of 63.42% is 216.8% above this industry median. Based on the distribution chart, BFF Bank SpA ranks #209 out of 533 companies in the Credit Services industry, which is above the industry midpoint. Overall, BFF Bank SpA has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BFF Bank SpA's Pretax Margin % compare to V and MA?
According to the Credit Services industry distribution chart, BFF Bank SpA ranks #209 out of 533 companies for Pretax Margin %. This puts BFF Bank SpA in the upper half of its industry. The industry median Pretax Margin % is 20.02. BFF Bank SpA's value of 63.42% is 216.8% above this benchmark. Historically, BFF Bank SpA's own Pretax Margin % has ranged from 23.19 to 79.78 over the past decade. While the company's 10-year median is 58.38 vs. the industry median of 20.02, BFF Bank SpA 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 Credit Services company?
The median Pretax Margin % among Credit Services companies is 20.02, based on 533 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. BFF Bank SpA's current Pretax Margin % of 63.42% is 216.8% 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 BFF Bank SpA and its competitors. For the Credit Services industry, the median Pretax Margin % is 20.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BFF Bank SpA's current Pretax Margin % is 63.42%, which is near median its own 10-year median of 58.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BFF Bank SpA stock overvalued right now?
Based on GuruFocus' analysis, BFF Bank SpA (FRA:2BF) is currently considered Possible Value Trap. The stock's GF Value™ is €8.58, compared to a current price of €2.98 — trading 65.3% below its estimated fair value. The current Pretax Margin % is 63.42%, which is near median its 10-year median of 58.38 and 216.8% above the Credit Services industry median of 20.02. BFF Bank SpA's overall GF Score™ is 66/100 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 BFF Bank SpA (FRA:2BF), the current Pretax Margin % is 63.42% 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 BFF Bank SpA (FRA:2BF) Overvalued in 2026?
Based on GuruFocus' analysis, BFF Bank SpA stock appears to be undervalued.
The current stock price of €2.98 is trading 65.3% below its estimated GF Value™ of €8.58.
GuruFocus considers BFF Bank SpA to be Possible Value Trap.
Key valuation signals for FRA:2BF:
Pretax Margin %: 63.42% (near median its 10-year median of 58.38)
GF Value™: €8.58 vs. price of €2.98 (65.3% below fair value)
Industry Position: 216.8% above the Credit Services median (#209 of 533)
No single metric tells the full story. See the FRA:2BF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BFF Bank SpA is an independent specialty finance company engaged in three business units; Factoring & Lending BU, which offers products such as non-recourse factoring, lending, and credit management mainly to public sector suppliers and public administration bodies, Securities Services BU, which deals with custodian banking for investment funds and related services such as fund accounting, and transfer agents for national managers and banks and for various investment funds such as pension funds, mutual funds and alternative funds, and Payments BU, which deals with payment processing, corporate payments, and cheques and bills and has as customers medium-small Italian banks, medium-large companies and boasts a partnership with Nexi.
66GF Score
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