Lloyds Banking GroupHAM:LLD -0.98%54 Pretax Margin % is 39.06% as of Mar. 2026, which is 26% above its 10-year median of 31.10. GuruFocus rates HAM:LLD with a GF Score™ of 54/100 and a GF Value™ of €0.81 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,527 Banks companies, Lloyds Banking Group ranks better than 50.29% on this metric.
The historical rank and industry rank for Lloyds Banking Group's Pretax Margin % or its related term are showing as below:
HAM:LLD'
s Pretax Margin % Range Over the Past 10 Years
Min: 8.1 Med: 31.1 Max: 42.28
Current: 34.94
HAM:LLD's Pretax Margin % is ranked better than 50.29% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs HAM:LLD: 34.94
Lloyds Banking Group (HAM:LLD) 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.
Lloyds Banking Group Pretax Margin % Related Terms
Lloyds Banking Group Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Lloyds Banking Group'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.
Lloyds Banking Group Pretax Margin % Competitor Comparison
For the Banks - Regional subindustry, Lloyds Banking Group'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.
Lloyds Banking Group Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Lloyds Banking Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Lloyds Banking Group'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.
Lloyds Banking Group (HAM:LLD) has a Pretax Margin % of 39.06% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Lloyds Banking Group and its competitors. This is 26% above median its historical median of 31.10. Over the past decade, Lloyds Banking Group's Pretax Margin % has ranged from 8.10 to 42.28. According to the industry distribution chart, Lloyds Banking Group ranks #759 out of 1527 companies in the Banks industry, placing it in the top 49.7%.
Is Lloyds Banking Group's Pretax Margin % too high?
Lloyds Banking Group's current Pretax Margin % of 39.06% is 26% above median its 10-year median of 31.10. Over the past 10 years, this metric has ranged from a low of 8.10 to a high of 42.28. The Banks industry median Pretax Margin % is 34.88. Lloyds Banking Group's value of 39.06% is 12% above this industry median. Based on the distribution chart, Lloyds Banking Group ranks #759 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, Lloyds Banking Group has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lloyds Banking Group's Pretax Margin % compare to competitors?
According to the Banks industry distribution chart, Lloyds Banking Group ranks #759 out of 1527 companies for Pretax Margin %. This puts Lloyds Banking Group in the upper half of its industry. The industry median Pretax Margin % is 34.88. Lloyds Banking Group's value of 39.06% is 12% above this benchmark. Historically, Lloyds Banking Group's own Pretax Margin % has ranged from 8.10 to 42.28 over the past decade. While the company's 10-year median is 31.10 vs. the industry median of 34.88, Lloyds Banking Group 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 34.88, 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. Lloyds Banking Group's current Pretax Margin % of 39.06% is 12% 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 Lloyds Banking Group 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. Lloyds Banking Group's current Pretax Margin % is 39.06%, which is 26% above median its own 10-year median of 31.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lloyds Banking Group stock overvalued right now?
Based on GuruFocus' analysis, Lloyds Banking Group (HAM:LLD) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.81, compared to a current price of €1.26 — trading 55.9% above its estimated fair value. The current Pretax Margin % is 39.06%, which is 26% above median its 10-year median of 31.10 and 12% above the Banks industry median of 34.88. Lloyds Banking Group's overall GF Score™ is 54/100 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 Lloyds Banking Group (HAM:LLD), the current Pretax Margin % is 39.06% 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 Lloyds Banking Group (HAM:LLD) Overvalued in 2026?
Based on GuruFocus' analysis, Lloyds Banking Group stock appears to be overvalued.
The current stock price of €1.26 is trading 55.9% above its estimated GF Value™ of €0.81.
GuruFocus considers Lloyds Banking Group to be Significantly Overvalued.
Key valuation signals for HAM:LLD:
Pretax Margin %: 39.06% (26% above median its 10-year median of 31.10)
GF Value™: €0.81 vs. price of €1.26 (55.9% above fair value)
Industry Position: 12% above the Banks median (#759 of 1527)
No single metric tells the full story. See the HAM:LLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services.
54GF Score
Get the complete analysis for HAM:LLD
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:LLD has been successfully added to your 
