Manulife FinancialMFC -1.22%67 Pretax Margin % is 12.36% as of Mar. 2026, which is 12% above its 10-year median of 11.08. GuruFocus rates MFC with a GF Score™ of 67/100 and a GF Value™ of $31.25 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 503 Insurance companies, Manulife Financial ranks better than 58.65% on this metric.
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.
Manulife Financial Pretax Margin % Related Terms
Manulife Financial Pretax Margin % Historical Data
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The historical data trend for Manulife Financial'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 Insurance - Life subindustry, Manulife Financial'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.
Manulife Financial Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Manulife Financial'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.
Manulife Financial (MFC) has a Pretax Margin % of 12.36% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Manulife Financial and its competitors. This is 12% above median its historical median of 11.08. According to the industry distribution chart, Manulife Financial ranks #208 out of 503 companies in the Insurance industry, placing it in the top 41.4%.
Is Manulife Financial's Pretax Margin % too high?
Manulife Financial's current Pretax Margin % of 12.36% is 12% above median its 10-year median of 11.08. The Insurance industry median Pretax Margin % is 12.04. Manulife Financial's value of 12.36% is 2.7% above this industry median. Based on the distribution chart, Manulife Financial ranks #208 out of 503 companies in the Insurance industry, which is above the industry midpoint. Overall, Manulife Financial has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's Pretax Margin % compare to AFL and MET?
According to the Insurance industry distribution chart, Manulife Financial ranks #208 out of 503 companies for Pretax Margin %. This puts Manulife Financial in the upper half of its industry. The industry median Pretax Margin % is 12.04. Manulife Financial's value of 12.36% is 2.7% above this benchmark. While the company's 10-year median is 11.08 vs. the industry median of 12.04, Manulife Financial 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 12.04, based on 503 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. Manulife Financial's current Pretax Margin % of 12.36% is 2.7% 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 Manulife Financial and its competitors. For the Insurance industry, the median Pretax Margin % is 12.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife Financial's current Pretax Margin % is 12.36%, which is 12% above median its own 10-year median of 11.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife Financial stock overvalued right now?
Based on GuruFocus' analysis, Manulife Financial (MFC) is currently considered Modestly Overvalued. The stock's GF Value™ is $31.25, compared to a current price of $39.70 — trading 27% above its estimated fair value. The current Pretax Margin % is 12.36%, which is 12% above median its 10-year median of 11.08 and 2.7% above the Insurance industry median of 12.04. Manulife Financial's overall GF Score™ is 67/100 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 Manulife Financial (MFC), the current Pretax Margin % is 12.36% 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 Manulife Financial (MFC) Overvalued in 2026?
Based on GuruFocus' analysis, Manulife Financial stock appears to be overvalued.
The current stock price of $39.70 is trading 27% above its estimated GF Value™ of $31.25.
GuruFocus considers Manulife Financial to be Modestly Overvalued.
Key valuation signals for MFC:
Pretax Margin %: 12.36% (12% above median its 10-year median of 11.08)
GF Value™: $31.25 vs. price of $39.70 (27% above fair value)
Industry Position: 2.7% above the Insurance median (#208 of 503)
No single metric tells the full story. See the MFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manulife Financial is one of the Big Three Canadian life insurers. The firm provides life insurance, annuities, asset management, and wealth management products to individuals and group customers in Canada, the United States, and Asia. The Canadian business segment contributes approximately 21% of 2025 adjusted earnings. The Asia segment operates across 12 countries and contributes around 38% of earnings, with a significant presence in Hong Kong and Singapore. The US business, which primarily operates under the John Hancock brand, contributes about 16% of earnings. Manulife's global asset and wealth management business contributes approximately 25% of its earnings and had around CAD 1.1 trillion in assets under management and administration as of the end of 2025.
67GF Score
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