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Zambia National Commercial BankLUS:ZNCO 71 Pretax Margin % is 36.75% as of Mar. 2026, which is 19% below its 10-year median of 45.11. GuruFocus rates LUS:ZNCO with a GF Score™ of 71/100 and a GF Value™ of ZMW6.07 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,525 Banks companies, Zambia National Commercial Bank ranks better than 89.05% on this metric.
The historical rank and industry rank for Zambia National Commercial Bank's Pretax Margin % or its related term are showing as below:
LUS:ZNCO'
s Pretax Margin % Range Over the Past 10 Years
Min: 12.49 Med: 45.11 Max: 56.14
Current: 56.14
LUS:ZNCO's Pretax Margin % is ranked better than 89.05% of 1525
companies
in the Banks industry
Industry Median: 34.94
vs LUS:ZNCO: 56.14
Zambia National Commercial Bank (LUS:ZNCO) 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.
Zambia National Commercial Bank Pretax Margin % Related Terms
Zambia National Commercial Bank Pretax Margin % Historical Data
* 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.
Zambia National Commercial Bank Pretax Margin % Chart
For the Banks - Regional subindustry, Zambia National Commercial Bank'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.
Zambia National Commercial Bank Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Zambia National Commercial Bank's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Zambia National Commercial Bank'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.
Zambia National Commercial Bank (LUS:ZNCO) has a Pretax Margin % of 36.75% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Zambia National Commercial Bank and its competitors. This is 19% below median its historical median of 45.11. Over the past decade, Zambia National Commercial Bank's Pretax Margin % has ranged from 12.49 to 56.14. According to the industry distribution chart, Zambia National Commercial Bank ranks #167 out of 1525 companies in the Banks industry, placing it in the top 11%.
Is Zambia National Commercial Bank's Pretax Margin % too high?
Zambia National Commercial Bank's current Pretax Margin % of 36.75% is 19% below median its 10-year median of 45.11. Over the past 10 years, this metric has ranged from a low of 12.49 to a high of 56.14. The Banks industry median Pretax Margin % is 34.94. Zambia National Commercial Bank's value of 36.75% is 5.2% above this industry median. Based on the distribution chart, Zambia National Commercial Bank ranks #167 out of 1525 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Zambia National Commercial Bank has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zambia National Commercial Bank's Pretax Margin % compare to PNC and USB?
According to the Banks industry distribution chart, Zambia National Commercial Bank ranks #167 out of 1525 companies for Pretax Margin %. This places Zambia National Commercial Bank in the top 11% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 34.94. Zambia National Commercial Bank's value of 36.75% is 5.2% above this benchmark. Historically, Zambia National Commercial Bank's own Pretax Margin % has ranged from 12.49 to 56.14 over the past decade. While the company's 10-year median is 45.11 vs. the industry median of 34.94, Zambia National Commercial Bank 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 34.94, based on 1,525 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. Zambia National Commercial Bank's current Pretax Margin % of 36.75% is 5.2% 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 Zambia National Commercial Bank and its competitors. For the Banks industry, the median Pretax Margin % is 34.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zambia National Commercial Bank's current Pretax Margin % is 36.75%, which is 19% below median its own 10-year median of 45.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zambia National Commercial Bank stock overvalued right now?
Based on GuruFocus' analysis, Zambia National Commercial Bank (LUS:ZNCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ZMW6.07, compared to a current price of ZMW9.53 — trading 57% above its estimated fair value. The current Pretax Margin % is 36.75%, which is 19% below median its 10-year median of 45.11 and 5.2% above the Banks industry median of 34.94. Zambia National Commercial Bank's overall GF Score™ is 71/100 with 5 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 Zambia National Commercial Bank (LUS:ZNCO), the current Pretax Margin % is 36.75% 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 Zambia National Commercial Bank (LUS:ZNCO) Overvalued in 2026?
Based on GuruFocus' analysis, Zambia National Commercial Bank stock appears to be overvalued.
The current stock price of ZMW9.53 is trading 57% above its estimated GF Value™ of ZMW6.07.
GuruFocus considers Zambia National Commercial Bank to be Significantly Overvalued.
Key valuation signals for LUS:ZNCO:
Pretax Margin %: 36.75% (19% below median its 10-year median of 45.11)
GF Value™: ZMW6.07 vs. price of ZMW9.53 (57% above fair value)
Industry Position: 5.2% above the Banks median (#167 of 1525)
No single metric tells the full story. See the LUS:ZNCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zambia National Commercial Bank Business Description
Zambia National Commercial Bank PLC offers commercial banking services. Its principal activities include: the provision of retail, commercial Banking and related services to the general public, the provision of payment and technology solutions through the Digital Shared Services Limited (DSSL), and offering tailored insurance and risk advisory services. The company's segments include: Corporate Banking, Business Banking, Retail Banking, Digital Banking, and Treasury Management. The majority of revenue is derived from the Corporate banking segment, which provides corporate and investment banking solutions that incorporate direct debit facilities, deposit products, overdrafts, loans and other credit facilities and foreign currency solutions.
71GF Score
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