The historical rank and industry rank for First National Financial's Pretax Margin % or its related term are showing as below:
TSX:FN'
s Pretax Margin % Range Over the Past 10 Years
Min: 46.15 Med: 56.22 Max: 66.51
Current: 46.15
TSX:FN's Pretax Margin % is not ranked
in the Banks industry.
Industry Median: 34.885
vs TSX:FN: 46.15
First National Financial (TSX:FN) 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.
First National Financial Pretax Margin % Related Terms
First National Financial 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.
TSX:FN vs RKT, FNMA, FMCC: Pretax Margin % Comparison
For the Mortgage Finance subindustry, First National 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.
First National Financial Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, First National Financial's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where First National 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.
First National Financial (TSX:FN) has a Pretax Margin % of 49.17% as of Sep. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First National Financial and its competitors. This is 13% below median its historical median of 56.22. Over the past decade, First National Financial's Pretax Margin % has ranged from 46.15 to 66.51.
Is First National Financial's Pretax Margin % too high?
First National Financial's current Pretax Margin % of 49.17% is 13% below median its 10-year median of 56.22. Over the past 10 years, this metric has ranged from a low of 46.15 to a high of 66.51. The Banks industry median Pretax Margin % is 34.89. First National Financial's value of 49.17% is 40.9% above this industry median. Overall, First National Financial has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does First National Financial's Pretax Margin % compare to RKT and FNMA?
First National Financial's Pretax Margin % of 49.17% can be compared against companies in the Banks industry. The industry median Pretax Margin % is 34.89. First National Financial's value of 49.17% is 40.9% above this benchmark. Historically, First National Financial's own Pretax Margin % has ranged from 46.15 to 66.51 over the past decade. While the company's 10-year median is 56.22 vs. the industry median of 34.89, First National 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 a Banks company?
The median Pretax Margin % among Banks companies is 34.89, based on 1,526 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. First National Financial's current Pretax Margin % of 49.17% is 40.9% 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 First National Financial and its competitors. For the Banks industry, the median Pretax Margin % is 34.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National Financial's current Pretax Margin % is 49.17%, which is 13% below median its own 10-year median of 56.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First National Financial stock overvalued right now?
First National Financial (TSX:FN) has a current Pretax Margin % of 49.17%. The stock's GF Value™ is C$59.71, compared to a current price of C$47.98 — trading 19.6% below its estimated fair value. The current Pretax Margin % is 49.17%, which is 13% below median its 10-year median of 56.22 and 40.9% above the Banks industry median of 34.89. First National Financial's overall GF Score™ is 19/100 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 First National Financial (TSX:FN), the current Pretax Margin % is 49.17% as of Sep. 2025. 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 First National Financial (TSX:FN) Overvalued in 2026?
Based on GuruFocus' analysis, First National Financial stock appears to be undervalued.
The current stock price of C$47.98 is trading 19.6% below its estimated GF Value™ of C$59.71.
Key valuation signals for TSX:FN:
Pretax Margin %: 49.17% (13% below median its 10-year median of 56.22)
GF Value™: C$59.71 vs. price of C$47.98 (19.6% below fair value)
No single metric tells the full story. See the TSX:FN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First National Financial Corp is a Canadian originator, underwriter and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.
19GF Score
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