First National Financial (TSX:FN) Tax Rate %: 26.47% (As of Sep. 2025)


TSX:FN First National Financial Corp TSX:FN
19 GF Score
Price C$47.98
GF Value C$59.71
! 5 Warning Signs
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What is First National Financial Tax Rate %?

First National Financial TSX:FN 19 Tax Rate % is 26.47% as of Sep. 2025. GuruFocus rates TSX:FN with a GF Score™ of 19/100 and a GF Value™ of C$59.71. The stock has 5 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. First National Financial's Tax Expense for the three months ended in Sep. 2025 was C$20.5 Mil. First National Financial's Pre-Tax Income for the three months ended in Sep. 2025 was C$77.5 Mil. Therefore, First National Financial's Tax Rate % for the quarter that ended in Sep. 2025 was 26.47%.

First National Financial Tax Rate % Related Terms

First National Financial Tax Rate % Historical Data

* Premium members only.

The historical data trend for First National Financial's Tax Rate % 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.

First National Financial Tax Rate % Chart

First National Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.48 26.25 26.52 26.49 26.48

First National Financial Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.73 26.36 25.59 26.50 26.47
TSX:FN
19GF Score
First National Financial Corp TSX:FN
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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First National Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

First National Financial's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=73.26/276.65
=26.48 %

First National Financial's Tax Rate % for the quarter that ended in Sep. 2025 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2025 )/Pre-Tax Income (Q: Sep. 2025 )
=20.52/77.509
=26.47 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 26.47% mean?
First National Financial (TSX:FN) has a Tax Rate % of 26.47% as of Sep. 2025.
Is First National Financial's Tax Rate % too high?
First National Financial's current Tax Rate % is 26.47%. 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 Tax Rate % compare to RKT and FNMA?
First National Financial's Tax Rate % of 26.47% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. First National Financial's current Tax Rate % is 26.47%. 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 Tax Rate % of 26.47%. 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 Tax Rate % is 26.47%. 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 Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For First National Financial (TSX:FN), the current Tax Rate % is 26.47% 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:

  • Tax Rate %: 26.47%
  • GF Value™: C$59.71 vs. price of C$47.98 (19.6% below fair value)
  • GF Score™: 19/100 with 5 warning signs

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 Business Description

Address 16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6
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

Get the complete analysis for TSX:FN

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$47.98
Price
C$59.71
GF Value