Berner Kantonalbank AGFRA:BEHV -0.49%39 Pretax Margin % is 44.10% as of Dec. 2025, which is 6% above its 10-year median of 41.54. GuruFocus rates FRA:BEHV with a GF Score™ of 39/100 and a GF Value™ of €270.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,528 Banks companies, Berner Kantonalbank AG ranks better than 62.37% on this metric.
The historical rank and industry rank for Berner Kantonalbank AG's Pretax Margin % or its related term are showing as below:
FRA:BEHV'
s Pretax Margin % Range Over the Past 10 Years
Min: 39.67 Med: 41.54 Max: 44.02
Current: 39.67
FRA:BEHV's Pretax Margin % is ranked better than 62.37% of 1528
companies
in the Banks industry
Industry Median: 34.665
vs FRA:BEHV: 39.67
Berner Kantonalbank AG (FRA:BEHV) 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.
Berner Kantonalbank AG Pretax Margin % Related Terms
Berner Kantonalbank AG Pretax Margin % Historical Data
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The historical data trend for Berner Kantonalbank AG'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.
Berner Kantonalbank AG Pretax Margin % Competitor Comparison
For the Banks - Regional subindustry, Berner Kantonalbank AG'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.
Berner Kantonalbank AG Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Berner Kantonalbank AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Berner Kantonalbank AG'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.
Berner Kantonalbank AG (FRA:BEHV) has a Pretax Margin % of 44.10% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Berner Kantonalbank AG and its competitors. This is near median its historical median of 41.54. Over the past decade, Berner Kantonalbank AG's Pretax Margin % has ranged from 39.67 to 44.02. According to the industry distribution chart, Berner Kantonalbank AG ranks #575 out of 1528 companies in the Banks industry, placing it in the top 37.6%.
Is Berner Kantonalbank AG's Pretax Margin % too high?
Berner Kantonalbank AG's current Pretax Margin % of 44.10% is near median its 10-year median of 41.54. Over the past 10 years, this metric has ranged from a low of 39.67 to a high of 44.02. The Banks industry median Pretax Margin % is 34.67. Berner Kantonalbank AG's value of 44.10% is 27.2% above this industry median. Based on the distribution chart, Berner Kantonalbank AG ranks #575 out of 1528 companies in the Banks industry, which is above the industry midpoint. Overall, Berner Kantonalbank AG has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Berner Kantonalbank AG's Pretax Margin % compare to competitors?
According to the Banks industry distribution chart, Berner Kantonalbank AG ranks #575 out of 1528 companies for Pretax Margin %. This puts Berner Kantonalbank AG in the upper half of its industry. The industry median Pretax Margin % is 34.67. Berner Kantonalbank AG's value of 44.10% is 27.2% above this benchmark. Historically, Berner Kantonalbank AG's own Pretax Margin % has ranged from 39.67 to 44.02 over the past decade. While the company's 10-year median is 41.54 vs. the industry median of 34.67, Berner Kantonalbank AG 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 34.67, based on 1,528 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. Berner Kantonalbank AG's current Pretax Margin % of 44.10% is 27.2% 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 Berner Kantonalbank AG and its competitors. For the Banks industry, the median Pretax Margin % is 34.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berner Kantonalbank AG's current Pretax Margin % is 44.10%, which is near median its own 10-year median of 41.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berner Kantonalbank AG stock overvalued right now?
Based on GuruFocus' analysis, Berner Kantonalbank AG (FRA:BEHV) is currently considered Significantly Overvalued. The stock's GF Value™ is €270.59, compared to a current price of €404.00 — trading 49.3% above its estimated fair value. The current Pretax Margin % is 44.10%, which is near median its 10-year median of 41.54 and 27.2% above the Banks industry median of 34.67. Berner Kantonalbank AG's overall GF Score™ is 39/100 with 3 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 Berner Kantonalbank AG (FRA:BEHV), the current Pretax Margin % is 44.10% 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 Berner Kantonalbank AG (FRA:BEHV) Overvalued in 2026?
Based on GuruFocus' analysis, Berner Kantonalbank AG stock appears to be overvalued.
The current stock price of €404.00 is trading 49.3% above its estimated GF Value™ of €270.59.
GuruFocus considers Berner Kantonalbank AG to be Significantly Overvalued.
Key valuation signals for FRA:BEHV:
Pretax Margin %: 44.10% (near median its 10-year median of 41.54)
GF Value™: €270.59 vs. price of €404.00 (49.3% above fair value)
Industry Position: 27.2% above the Banks median (#575 of 1528)
No single metric tells the full story. See the FRA:BEHV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Berner Kantonalbank AG is a Swiss cantonal bank. It is engaged in the business activities in the Canton and the neighboring economic area. It manages the assets, grants loans to private individuals and companies. The bank offers solutions for paying, saving, investing, financing and provisioning. It focuses its activities on two core business areas namely business with private and corporate customers, in particular, SMEs, and asset management. The bank provides consultancies to SMEs and individuals, as an employer, as a training bank, and as a taxpayer.
39GF Score
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