Waterstone FinancialWSBF -3.49%56 Pretax Margin % is 21.79% as of Mar. 2026, which is 11% below its 10-year median of 24.62. GuruFocus rates WSBF with a GF Score™ of 56/100 and a GF Value™ of $16.88 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,526 Banks companies, Waterstone Financial ranks worse than 72.08% 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.
Waterstone Financial Pretax Margin % Related Terms
Waterstone Financial Pretax Margin % Historical Data
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The historical data trend for Waterstone 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.
WSBF vs USCB, MVBF, RVRF: Pretax Margin % Comparison
For the Banks - Regional subindustry, Waterstone 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.
Waterstone Financial Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Waterstone Financial's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Waterstone 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.
Waterstone Financial (WSBF) has a Pretax Margin % of 21.79% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Waterstone Financial and its competitors. This is 11% below median its historical median of 24.62. Over the past decade, Waterstone Financial's Pretax Margin % has ranged from 8.62 to 36.92. According to the industry distribution chart, Waterstone Financial ranks #1100 out of 1526 companies in the Banks industry, placing it in the top 72.1%.
Is Waterstone Financial's Pretax Margin % too high?
Waterstone Financial's current Pretax Margin % of 21.79% is 11% below median its 10-year median of 24.62. Over the past 10 years, this metric has ranged from a low of 8.62 to a high of 36.92. The Banks industry median Pretax Margin % is 34.66. Waterstone Financial's value of 21.79% is 37.1% below this industry median. Based on the distribution chart, Waterstone Financial ranks #1100 out of 1526 companies in the Banks industry, which is below the industry midpoint. Overall, Waterstone Financial has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Waterstone Financial's Pretax Margin % compare to USCB and MVBF?
According to the Banks industry distribution chart, Waterstone Financial ranks #1100 out of 1526 companies for Pretax Margin %. This places Waterstone Financial in the lower half of its industry. The industry median Pretax Margin % is 34.66. Waterstone Financial's value of 21.79% is 37.1% below this benchmark. Historically, Waterstone Financial's own Pretax Margin % has ranged from 8.62 to 36.92 over the past decade. While the company's 10-year median is 24.62 vs. the industry median of 34.66, Waterstone Financial 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 34.66, 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. Waterstone Financial's current Pretax Margin % of 21.79% is 37.1% 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 Waterstone Financial and its competitors. For the Banks industry, the median Pretax Margin % is 34.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waterstone Financial's current Pretax Margin % is 21.79%, which is 11% below median its own 10-year median of 24.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waterstone Financial stock overvalued right now?
Based on GuruFocus' analysis, Waterstone Financial (WSBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.88, compared to a current price of $19.32 — trading 14.5% above its estimated fair value. The current Pretax Margin % is 21.79%, which is 11% below median its 10-year median of 24.62 and 37.1% below the Banks industry median of 34.66. Waterstone Financial's overall GF Score™ is 56/100 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 Waterstone Financial (WSBF), the current Pretax Margin % is 21.79% 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 Waterstone Financial (WSBF) Overvalued in 2026?
Based on GuruFocus' analysis, Waterstone Financial stock appears to be overvalued.
The current stock price of $19.32 is trading 14.5% above its estimated GF Value™ of $16.88.
GuruFocus considers Waterstone Financial to be Modestly Overvalued.
Key valuation signals for WSBF:
Pretax Margin %: 21.79% (11% below median its 10-year median of 24.62)
GF Value™: $16.88 vs. price of $19.32 (14.5% above fair value)
Industry Position: 37.1% below the Banks median (#1100 of 1526)
No single metric tells the full story. See the WSBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waterstone Financial Inc is a holding company. Through its subsidiaries, it operates in two reportable segments: Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services to customers, which include various types of loans, deposits, and personal investment services. The Mortgage Banking segment involves residential mortgage loans for the primary purpose of sale in the secondary market. The majority of its revenue comes from the Community Banking segment.
56GF Score
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