ClienteleJSE:CLI 58 Pretax Margin % is 21.50% as of Dec. 2025, which is 13% below its 10-year median of 24.69. GuruFocus rates JSE:CLI with a GF Score™ of 58/100 and a GF Value™ of R18.44 (Fairly Valued). The stock has 8 warning signs investors should review. Among 505 Insurance companies, Clientele ranks better than 79.6% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Clientele's Pre-Tax Income for the
six
months ended in Dec. 2025 was R682 Mil. Clientele's Revenue for the
six
months ended in Dec. 2025 was R3,172 Mil. Therefore, Clientele's pretax margin for the quarter that ended in Dec. 2025 was 21.50%.
The historical rank and industry rank for Clientele's Pretax Margin % or its related term are showing as below:
JSE:CLI'
s Pretax Margin % Range Over the Past 10 Years
Min: 16.96 Med: 24.69 Max: 30.74
Current: 22.83
JSE:CLI's Pretax Margin % is ranked better than 79.6% of 505
companies
in the Insurance industry
Industry Median: 12
vs JSE:CLI: 22.83
Clientele (JSE:CLI) 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.
Clientele Pretax Margin % Related Terms
Clientele Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Clientele'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.
JSE:CLI vs BRK.A, AIG, HIG: Pretax Margin % Comparison
For the Insurance - Diversified subindustry, Clientele'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.
Clientele Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Clientele's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Clientele'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.
Clientele (JSE:CLI) has a Pretax Margin % of 21.50% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Clientele and its competitors. This is 13% below median its historical median of 24.69. Over the past decade, Clientele's Pretax Margin % has ranged from 16.96 to 30.74. According to the industry distribution chart, Clientele ranks #103 out of 505 companies in the Insurance industry, placing it in the top 20.4%.
Is Clientele's Pretax Margin % too high?
Clientele's current Pretax Margin % of 21.50% is 13% below median its 10-year median of 24.69. Over the past 10 years, this metric has ranged from a low of 16.96 to a high of 30.74. The Insurance industry median Pretax Margin % is 12.00. Clientele's value of 21.50% is 79.2% above this industry median. Based on the distribution chart, Clientele ranks #103 out of 505 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Clientele has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Clientele's Pretax Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Clientele ranks #103 out of 505 companies for Pretax Margin %. This places Clientele in the top 20% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 12.00. Clientele's value of 21.50% is 79.2% above this benchmark. Historically, Clientele's own Pretax Margin % has ranged from 16.96 to 30.74 over the past decade. While the company's 10-year median is 24.69 vs. the industry median of 12.00, Clientele 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 an Insurance company?
The median Pretax Margin % among Insurance companies is 12.00, based on 505 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. Clientele's current Pretax Margin % of 21.50% is 79.2% 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 Clientele and its competitors. For the Insurance industry, the median Pretax Margin % is 12.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clientele's current Pretax Margin % is 21.50%, which is 13% below median its own 10-year median of 24.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clientele stock overvalued right now?
Based on GuruFocus' analysis, Clientele (JSE:CLI) is currently considered Fairly Valued. The stock's GF Value™ is R18.44, compared to a current price of R19.71 — trading 6.9% above its estimated fair value. The current Pretax Margin % is 21.50%, which is 13% below median its 10-year median of 24.69 and 79.2% above the Insurance industry median of 12.00. Clientele's overall GF Score™ is 58/100 with 8 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 Clientele (JSE:CLI), the current Pretax Margin % is 21.50% 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 Clientele (JSE:CLI) Overvalued in 2026?
Based on GuruFocus' analysis, Clientele stock appears to be overvalued.
The current stock price of R19.71 is trading 6.9% above its estimated GF Value™ of R18.44.
GuruFocus considers Clientele to be Fairly Valued.
Key valuation signals for JSE:CLI:
Pretax Margin %: 21.50% (13% below median its 10-year median of 24.69)
GF Value™: R18.44 vs. price of R19.71 (6.9% above fair value)
Industry Position: 79.2% above the Insurance median (#103 of 505)
No single metric tells the full story. See the JSE:CLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clientele Ltd is a diversified financial services group. It markets, distributes, and underwrites insurance and investment products. The company's operating segment includes Clientele Life Insurance, 1Life Insurance, Non-Life Insurance, Emerald Life Insurance, and CBC Rewards, Mobile & Direct Rewards. Its insurance products and services include Legal, Mobile, Wealth, Credit Life, Investments, and others. It generates maximum revenue from the 1Life insurance segment, which involves the sale and administration of long-term insurance risk policies. The group currently operates in the South African market only.
58GF Score
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