SBI HoldingsFRA:ZOF -1.57%83 Pretax Margin % is 20.48% as of Mar. 2026, which is 0% above its 10-year median of 20.43. GuruFocus rates FRA:ZOF with a GF Score™ of 83/100 and a GF Value™ of €13.79 (Fairly Valued). The stock has 7 warning signs investors should review. Among 113 Diversified Financial Services companies, SBI Holdings ranks better than 70.8% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. SBI Holdings's Pre-Tax Income for the
three
months ended in Mar. 2026 was €454 Mil. SBI Holdings's Revenue for the
three
months ended in Mar. 2026 was €2,218 Mil. Therefore, SBI Holdings's pretax margin for the quarter that ended in Mar. 2026 was 20.48%.
The historical rank and industry rank for SBI Holdings's Pretax Margin % or its related term are showing as below:
FRA:ZOF'
s Pretax Margin % Range Over the Past 10 Years
Min: 10.67 Med: 20.43 Max: 54.05
Current: 27.24
FRA:ZOF's Pretax Margin % is ranked better than 70.8% of 113
companies
in the Diversified Financial Services industry
Industry Median: 11.12
vs FRA:ZOF: 27.24
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.
SBI Holdings Pretax Margin % Related Terms
SBI Holdings Pretax Margin % Historical Data
* Premium members only.
The historical data trend for SBI Holdings'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 Financial Conglomerates subindustry, SBI Holdings'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.
SBI Holdings Pretax Margin % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where SBI Holdings'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.
SBI Holdings (FRA:ZOF) has a Pretax Margin % of 20.48% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on SBI Holdings and its competitors. This is near median its historical median of 20.43. Over the past decade, SBI Holdings' Pretax Margin % has ranged from 10.67 to 54.05. According to the industry distribution chart, SBI Holdings ranks #33 out of 113 companies in the Diversified Financial Services industry, placing it in the top 29.2%.
Is SBI Holdings' Pretax Margin % too high?
SBI Holdings' current Pretax Margin % of 20.48% is near median its 10-year median of 20.43. Over the past 10 years, this metric has ranged from a low of 10.67 to a high of 54.05. The Diversified Financial Services industry median Pretax Margin % is 11.12. SBI Holdings' value of 20.48% is 84.2% above this industry median. Based on the distribution chart, SBI Holdings ranks #33 out of 113 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, SBI Holdings has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' Pretax Margin % compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, SBI Holdings ranks #33 out of 113 companies for Pretax Margin %. This puts SBI Holdings in the upper half of its industry. The industry median Pretax Margin % is 11.12. SBI Holdings' value of 20.48% is 84.2% above this benchmark. Historically, SBI Holdings' own Pretax Margin % has ranged from 10.67 to 54.05 over the past decade. While the company's 10-year median is 20.43 vs. the industry median of 11.12, SBI Holdings 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 Diversified Financial Services company?
The median Pretax Margin % among Diversified Financial Services companies is 11.12, based on 113 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. SBI Holdings's current Pretax Margin % of 20.48% is 84.2% 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 SBI Holdings and its competitors. For the Diversified Financial Services industry, the median Pretax Margin % is 11.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Holdings's current Pretax Margin % is 20.48%, which is near median its own 10-year median of 20.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (FRA:ZOF) is currently considered Fairly Valued. The stock's GF Value™ is €13.79, compared to a current price of €14.45 — trading 4.7% above its estimated fair value. The current Pretax Margin % is 20.48%, which is near median its 10-year median of 20.43 and 84.2% above the Diversified Financial Services industry median of 11.12. SBI Holdings' overall GF Score™ is 83/100 with 7 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 SBI Holdings (FRA:ZOF), the current Pretax Margin % is 20.48% 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 SBI Holdings (FRA:ZOF) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued.
The current stock price of €14.45 is trading 4.7% above its estimated GF Value™ of €13.79.
GuruFocus considers SBI Holdings to be Fairly Valued.
Key valuation signals for FRA:ZOF:
Pretax Margin %: 20.48% (near median its 10-year median of 20.43)
GF Value™: €13.79 vs. price of €14.45 (4.7% above fair value)
Industry Position: 84.2% above the Diversified Financial Services median (#33 of 113)
No single metric tells the full story. See the FRA:ZOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
83GF Score
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