Zions Bancorp NAZION -0.28%66 Pretax Margin % is 34.63% as of Mar. 2026, which is 2% below its 10-year median of 35.30. GuruFocus rates ZION with a GF Score™ of 66/100 and a GF Value™ of $53.85 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,527 Banks companies, Zions Bancorp NA ranks better than 52.19% on this metric.
The historical rank and industry rank for Zions Bancorp NA's Pretax Margin % or its related term are showing as below:
ZION'
s Pretax Margin % Range Over the Past 10 Years
Min: 24.09 Med: 35.3 Max: 49.67
Current: 35.77
ZION's Pretax Margin % is ranked better than 52.19% of 1527
companies
in the Banks industry
Industry Median: 34.88
vs ZION: 35.77
Zions Bancorp NA (NAS:ZION) 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.
Zions Bancorp NA Pretax Margin % Related Terms
Zions Bancorp NA Pretax Margin % Historical Data
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The historical data trend for Zions Bancorp NA'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.
ZION vs SSB, ONB, BPOP: Pretax Margin % Comparison
For the Banks - Regional subindustry, Zions Bancorp NA'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.
Zions Bancorp NA Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Zions Bancorp NA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Zions Bancorp NA'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.
Zions Bancorp NA (ZION) has a Pretax Margin % of 34.63% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Zions Bancorp NA and its competitors. This is near median its historical median of 35.30. Over the past decade, Zions Bancorp NA's Pretax Margin % has ranged from 24.09 to 49.67. According to the industry distribution chart, Zions Bancorp NA ranks #730 out of 1527 companies in the Banks industry, placing it in the top 47.8%.
Is Zions Bancorp NA's Pretax Margin % too high?
Zions Bancorp NA's current Pretax Margin % of 34.63% is near median its 10-year median of 35.30. Over the past 10 years, this metric has ranged from a low of 24.09 to a high of 49.67. The Banks industry median Pretax Margin % is 34.88. Zions Bancorp NA's value of 34.63% is 0.7% below this industry median. Based on the distribution chart, Zions Bancorp NA ranks #730 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, Zions Bancorp NA has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zions Bancorp NA's Pretax Margin % compare to SSB and ONB?
According to the Banks industry distribution chart, Zions Bancorp NA ranks #730 out of 1527 companies for Pretax Margin %. This puts Zions Bancorp NA in the upper half of its industry. The industry median Pretax Margin % is 34.88. Zions Bancorp NA's value of 34.63% is 0.7% below this benchmark. Historically, Zions Bancorp NA's own Pretax Margin % has ranged from 24.09 to 49.67 over the past decade. While the company's 10-year median is 35.30 vs. the industry median of 34.88, Zions Bancorp NA 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 34.88, 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. Zions Bancorp NA's current Pretax Margin % of 34.63% is 0.7% 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 Zions Bancorp NA 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. Zions Bancorp NA's current Pretax Margin % is 34.63%, which is near median its own 10-year median of 35.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zions Bancorp NA stock overvalued right now?
Based on GuruFocus' analysis, Zions Bancorp NA (ZION) is currently considered Modestly Overvalued. The stock's GF Value™ is $53.85, compared to a current price of $68.30 — trading 26.8% above its estimated fair value. The current Pretax Margin % is 34.63%, which is near median its 10-year median of 35.30 and 0.7% below the Banks industry median of 34.88. Zions Bancorp NA's overall GF Score™ is 66/100 with 6 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 Zions Bancorp NA (ZION), the current Pretax Margin % is 34.63% 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 Zions Bancorp NA (ZION) Overvalued in 2026?
Based on GuruFocus' analysis, Zions Bancorp NA stock appears to be overvalued.
The current stock price of $68.30 is trading 26.8% above its estimated GF Value™ of $53.85.
GuruFocus considers Zions Bancorp NA to be Modestly Overvalued.
Key valuation signals for ZION:
Pretax Margin %: 34.63% (near median its 10-year median of 35.30)
GF Value™: $53.85 vs. price of $68.30 (26.8% above fair value)
Industry Position: 0.7% below the Banks median (#730 of 1527)
No single metric tells the full story. See the ZION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zions Bancorp is a US regional bank with around $90 billion in total assets as of March 31, 2026. Headquartered in Salt Lake City, Utah, Zions' branch network is in the Western and Southwestern United States and includes seven affiliate banks in these markets. The bank has a heavy focus on small and midsize commercial banking.
66GF Score
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