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HBM NigeriaNSA:HBMNG 78 Pretax Margin % is 44.53% as of Mar. 2026, which is 154% above its 10-year median of 17.50. GuruFocus rates NSA:HBMNG with a GF Score™ of 78/100 and a GF Value™ of ₦128.48 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 404 Building Materials companies, HBM Nigeria ranks better than 96.78% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. HBM Nigeria's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₦149,122 Mil. HBM Nigeria's Revenue for the
three
months ended in Mar. 2026 was ₦334,882 Mil. Therefore, HBM Nigeria's pretax margin for the quarter that ended in Mar. 2026 was 44.53%.
The historical rank and industry rank for HBM Nigeria's Pretax Margin % or its related term are showing as below:
NSA:HBMNG'
s Pretax Margin % Range Over the Past 10 Years
Min: -11.38 Med: 17.5 Max: 42.27
Current: 42.27
NSA:HBMNG's Pretax Margin % is ranked better than 96.78% of 404
companies
in the Building Materials industry
Industry Median: 5.99
vs NSA:HBMNG: 42.27
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.
HBM Nigeria Pretax Margin % Related Terms
HBM Nigeria Pretax Margin % Historical Data
* Premium members only.
The historical data trend for HBM Nigeria'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.
NSA:HBMNG vs CRH, VMC, MLM: Pretax Margin % Comparison
For the Building Materials subindustry, HBM Nigeria'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.
HBM Nigeria Pretax Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, HBM Nigeria's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where HBM Nigeria'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.
HBM Nigeria (NSA:HBMNG) has a Pretax Margin % of 44.53% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on HBM Nigeria and its competitors. This is 154% above median its historical median of 17.50. According to the industry distribution chart, HBM Nigeria ranks #13 out of 404 companies in the Building Materials industry, placing it in the top 3.2%.
Is HBM Nigeria's Pretax Margin % too high?
HBM Nigeria's current Pretax Margin % of 44.53% is 154% above median its 10-year median of 17.50. The Building Materials industry median Pretax Margin % is 5.99. HBM Nigeria's value of 44.53% is 643.4% above this industry median. Based on the distribution chart, HBM Nigeria ranks #13 out of 404 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, HBM Nigeria has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HBM Nigeria's Pretax Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, HBM Nigeria ranks #13 out of 404 companies for Pretax Margin %. This places HBM Nigeria in the top 3% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.99. HBM Nigeria's value of 44.53% is 643.4% above this benchmark. While the company's 10-year median is 17.50 vs. the industry median of 5.99, HBM Nigeria 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 Building Materials company?
The median Pretax Margin % among Building Materials companies is 5.99, based on 404 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. HBM Nigeria's current Pretax Margin % of 44.53% is 643.4% 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 HBM Nigeria and its competitors. For the Building Materials industry, the median Pretax Margin % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBM Nigeria's current Pretax Margin % is 44.53%, which is 154% above median its own 10-year median of 17.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBM Nigeria stock overvalued right now?
Based on GuruFocus' analysis, HBM Nigeria (NSA:HBMNG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦128.48, compared to a current price of ₦335.00 — trading 160.7% above its estimated fair value. The current Pretax Margin % is 44.53%, which is 154% above median its 10-year median of 17.50 and 643.4% above the Building Materials industry median of 5.99. HBM Nigeria's overall GF Score™ is 78/100 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 HBM Nigeria (NSA:HBMNG), the current Pretax Margin % is 44.53% 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 HBM Nigeria (NSA:HBMNG) Overvalued in 2026?
Based on GuruFocus' analysis, HBM Nigeria stock appears to be overvalued.
The current stock price of ₦335.00 is trading 160.7% above its estimated GF Value™ of ₦128.48.
GuruFocus considers HBM Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:HBMNG:
Pretax Margin %: 44.53% (154% above median its 10-year median of 17.50)
GF Value™: ₦128.48 vs. price of ₦335.00 (160.7% above fair value)
Industry Position: 643.4% above the Building Materials median (#13 of 404)
No single metric tells the full story. See the NSA:HBMNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. The brands in products portfolio of the company includes ECOPlanet Unicem, Elephant cement, ThermoSet, Watershield, Powermax, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment.
78GF Score
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