Banco MacroMEX:BMAN 50 Pretax Margin % is 15.14% as of Mar. 2026, which is 23% below its 10-year median of 19.76. GuruFocus rates MEX:BMAN with a GF Score™ of 50/100 and a GF Value™ of MXN471.07. The stock has 4 warning signs investors should review. Among 1,527 Banks companies, Banco Macro ranks worse than 88.61% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Banco Macro's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN2,743 Mil. Banco Macro's Revenue for the
three
months ended in Mar. 2026 was MXN18,114 Mil. Therefore, Banco Macro's pretax margin for the quarter that ended in Mar. 2026 was 15.14%.
The historical rank and industry rank for Banco Macro's Pretax Margin % or its related term are showing as below:
MEX:BMAN'
s Pretax Margin % Range Over the Past 10 Years
Min: 7.96 Med: 19.76 Max: 46.66
Current: 12.92
MEX:BMAN's Pretax Margin % is ranked worse than 88.61% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs MEX:BMAN: 12.92
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.
Banco Macro Pretax Margin % Related Terms
Banco Macro Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Banco Macro'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 Banks - Regional subindustry, Banco Macro'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.
Banco Macro Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Banco Macro's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Banco Macro'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.
Banco Macro (MEX:BMAN) has a Pretax Margin % of 15.14% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Banco Macro and its competitors. This is 23% below median its historical median of 19.76. Over the past decade, Banco Macro's Pretax Margin % has ranged from 7.96 to 46.66. According to the industry distribution chart, Banco Macro ranks #1353 out of 1527 companies in the Banks industry, placing it in the top 88.6%.
Is Banco Macro's Pretax Margin % too high?
Banco Macro's current Pretax Margin % of 15.14% is 23% below median its 10-year median of 19.76. Over the past 10 years, this metric has ranged from a low of 7.96 to a high of 46.66. The Banks industry median Pretax Margin % is 34.88. Banco Macro's value of 15.14% is 56.6% below this industry median. Based on the distribution chart, Banco Macro ranks #1353 out of 1527 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banco Macro has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Banco Macro's Pretax Margin % compare to PNC and USB?
According to the Banks industry distribution chart, Banco Macro ranks #1353 out of 1527 companies for Pretax Margin %. This places Banco Macro in the lower half of its industry. The industry median Pretax Margin % is 34.88. Banco Macro's value of 15.14% is 56.6% below this benchmark. Historically, Banco Macro's own Pretax Margin % has ranged from 7.96 to 46.66 over the past decade. While the company's 10-year median is 19.76 vs. the industry median of 34.88, Banco Macro 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. Banco Macro's current Pretax Margin % of 15.14% is 56.6% 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 Banco Macro 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. Banco Macro's current Pretax Margin % is 15.14%, which is 23% below median its own 10-year median of 19.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Macro stock overvalued right now?
Banco Macro (MEX:BMAN) has a current Pretax Margin % of 15.14%. The stock's GF Value™ is MXN471.07, compared to a current price of MXN1,332.00 — trading 182.8% above its estimated fair value. The current Pretax Margin % is 15.14%, which is 23% below median its 10-year median of 19.76 and 56.6% below the Banks industry median of 34.88. Banco Macro's overall GF Score™ is 50/100 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 Banco Macro (MEX:BMAN), the current Pretax Margin % is 15.14% 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 Banco Macro (MEX:BMAN) Overvalued in 2026?
Based on GuruFocus' analysis, Banco Macro stock appears to be overvalued.
The current stock price of MXN1,332.00 is trading 182.8% above its estimated GF Value™ of MXN471.07.
Key valuation signals for MEX:BMAN:
Pretax Margin %: 15.14% (23% below median its 10-year median of 19.76)
GF Value™: MXN471.07 vs. price of MXN1,332.00 (182.8% above fair value)
Industry Position: 56.6% below the Banks median (#1353 of 1527)
No single metric tells the full story. See the MEX:BMAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The company generates the majority of its revenue from Argentina.
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