National Bank of CanadaNTIOF -1.13%73 Pretax Margin % is 41.43% as of Apr. 2026, which is 7% above its 10-year median of 38.54. GuruFocus rates NTIOF with a GF Score™ of 73/100 and a GF Value™ of $109.25 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,527 Banks companies, National Bank of Canada ranks better than 62.8% on this metric.
The historical rank and industry rank for National Bank of Canada's Pretax Margin % or its related term are showing as below:
NTIOF'
s Pretax Margin % Range Over the Past 10 Years
Min: 24.6 Med: 38.54 Max: 45.17
Current: 39.83
NTIOF's Pretax Margin % is ranked better than 62.8% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs NTIOF: 39.83
National Bank of Canada (OTCPK:NTIOF) 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.
National Bank of Canada Pretax Margin % Related Terms
National Bank of Canada 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.
NTIOF vs JPM, BAC, WFC: Pretax Margin % Comparison
For the Banks - Diversified subindustry, National Bank of Canada'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.
National Bank of Canada Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, National Bank of Canada's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where National Bank of Canada'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.
National Bank of Canada (NTIOF) has a Pretax Margin % of 41.43% as of Apr. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on National Bank of Canada and its competitors. This is near median its historical median of 38.54. Over the past decade, National Bank of Canada's Pretax Margin % has ranged from 24.60 to 45.17. According to the industry distribution chart, National Bank of Canada ranks #568 out of 1527 companies in the Banks industry, placing it in the top 37.2%.
Is National Bank of Canada's Pretax Margin % too high?
National Bank of Canada's current Pretax Margin % of 41.43% is near median its 10-year median of 38.54. Over the past 10 years, this metric has ranged from a low of 24.60 to a high of 45.17. The Banks industry median Pretax Margin % is 34.88. National Bank of Canada's value of 41.43% is 18.8% above this industry median. Based on the distribution chart, National Bank of Canada ranks #568 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, National Bank of Canada has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of Canada's Pretax Margin % compare to JPM and BAC?
According to the Banks industry distribution chart, National Bank of Canada ranks #568 out of 1527 companies for Pretax Margin %. This puts National Bank of Canada in the upper half of its industry. The industry median Pretax Margin % is 34.88. National Bank of Canada's value of 41.43% is 18.8% above this benchmark. Historically, National Bank of Canada's own Pretax Margin % has ranged from 24.60 to 45.17 over the past decade. While the company's 10-year median is 38.54 vs. the industry median of 34.88, National Bank of Canada 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 34.88, 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. National Bank of Canada's current Pretax Margin % of 41.43% is 18.8% 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 National Bank of Canada 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. National Bank of Canada's current Pretax Margin % is 41.43%, which is near median its own 10-year median of 38.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, National Bank of Canada (NTIOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $109.25, compared to a current price of $156.25 — trading 43% above its estimated fair value. The current Pretax Margin % is 41.43%, which is near median its 10-year median of 38.54 and 18.8% above the Banks industry median of 34.88. National Bank of Canada's overall GF Score™ is 73/100 with 7 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 National Bank of Canada (NTIOF), the current Pretax Margin % is 41.43% as of Apr. 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 National Bank of Canada (NTIOF) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank of Canada stock appears to be overvalued.
The current stock price of $156.25 is trading 43% above its estimated GF Value™ of $109.25.
GuruFocus considers National Bank of Canada to be Significantly Overvalued.
Key valuation signals for NTIOF:
Pretax Margin %: 41.43% (near median its 10-year median of 38.54)
GF Value™: $109.25 vs. price of $156.25 (43% above fair value)
Industry Position: 18.8% above the Banks median (#568 of 1527)
No single metric tells the full story. See the NTIOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank of Canada is the sixth-largest bank in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth management and capital markets services. The bank derives around 45% of its 2025 revenue from the province of Quebec, with additional operations in the rest of Canada and the United States. National Bank of Canada also owns ABA Bank, one of the largest commercial banks in Cambodia.
73GF Score
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