KeyCorpFRA:KEY +1.04%60 Pretax Margin % is 34.47% as of Mar. 2026, which is 9% above its 10-year median of 31.72. GuruFocus rates FRA:KEY with a GF Score™ of 60/100 and a GF Value™ of €17.69 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,527 Banks companies, KeyCorp ranks worse than 56.06% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. KeyCorp's Pre-Tax Income for the
three
months ended in Mar. 2026 was €569 Mil. KeyCorp's Revenue for the
three
months ended in Mar. 2026 was €1,651 Mil. Therefore, KeyCorp's pretax margin for the quarter that ended in Mar. 2026 was 34.47%.
The historical rank and industry rank for KeyCorp's Pretax Margin % or its related term are showing as below:
FRA:KEY'
s Pretax Margin % Range Over the Past 10 Years
Min: -6.96 Med: 31.72 Max: 46.23
Current: 32.76
FRA:KEY's Pretax Margin % is ranked worse than 56.06% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs FRA:KEY: 32.76
KeyCorp (FRA:KEY) 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.
KeyCorp Pretax Margin % Related Terms
KeyCorp Pretax Margin % Historical Data
* Premium members only.
The historical data trend for KeyCorp'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.
FRA:KEY vs FCNCA, RF, CFG: Pretax Margin % Comparison
For the Banks - Regional subindustry, KeyCorp'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.
KeyCorp Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, KeyCorp's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where KeyCorp'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.
KeyCorp (FRA:KEY) has a Pretax Margin % of 34.47% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on KeyCorp and its competitors. This is near median its historical median of 31.72. According to the industry distribution chart, KeyCorp ranks #856 out of 1527 companies in the Banks industry, placing it in the top 56.1%.
Is KeyCorp's Pretax Margin % too high?
KeyCorp's current Pretax Margin % of 34.47% is near median its 10-year median of 31.72. The Banks industry median Pretax Margin % is 34.88. KeyCorp's value of 34.47% is 1.2% below this industry median. Based on the distribution chart, KeyCorp ranks #856 out of 1527 companies in the Banks industry, which is below the industry midpoint. Overall, KeyCorp has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KeyCorp's Pretax Margin % compare to FCNCA and RF?
According to the Banks industry distribution chart, KeyCorp ranks #856 out of 1527 companies for Pretax Margin %. This places KeyCorp in the lower half of its industry. The industry median Pretax Margin % is 34.88. KeyCorp's value of 34.47% is 1.2% below this benchmark. While the company's 10-year median is 31.72 vs. the industry median of 34.88, KeyCorp 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 34.88, 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. KeyCorp's current Pretax Margin % of 34.47% is 1.2% 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 KeyCorp 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. KeyCorp's current Pretax Margin % is 34.47%, which is near median its own 10-year median of 31.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KeyCorp stock overvalued right now?
Based on GuruFocus' analysis, KeyCorp (FRA:KEY) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.69, compared to a current price of €20.34 — trading 15% above its estimated fair value. The current Pretax Margin % is 34.47%, which is near median its 10-year median of 31.72 and 1.2% below the Banks industry median of 34.88. KeyCorp's overall GF Score™ is 60/100 with 6 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 KeyCorp (FRA:KEY), the current Pretax Margin % is 34.47% 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 KeyCorp (FRA:KEY) Overvalued in 2026?
Based on GuruFocus' analysis, KeyCorp stock appears to be overvalued.
The current stock price of €20.34 is trading 15% above its estimated GF Value™ of €17.69.
GuruFocus considers KeyCorp to be Modestly Overvalued.
Key valuation signals for FRA:KEY:
Pretax Margin %: 34.47% (near median its 10-year median of 31.72)
GF Value™: €17.69 vs. price of €20.34 (15% above fair value)
Industry Position: 1.2% below the Banks median (#856 of 1527)
No single metric tells the full story. See the FRA:KEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
With assets of around $190 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its three largest markets: Ohio, New York, and Washington. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
60GF Score
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