National RefineryKAR:NRL -0.79%70 EBITDA Margin % is 13.02% as of Mar. 2026, which is 456% above its 10-year median of 2.34. GuruFocus rates KAR:NRL with a GF Score™ of 70/100 and a GF Value™ of ₨330.68 (Fairly Valued). The stock has 2 warning signs investors should review. Among 916 Oil & Gas companies, National Refinery ranks worse than 61.9% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. National Refinery's EBITDA for the
three
months ended in Mar. 2026 was ₨15,236 Mil. National Refinery's Revenue for the
three
months ended in Mar. 2026 was ₨117,034 Mil. Therefore, National Refinery's EBITDA margin for the quarter that ended in Mar. 2026 was 13.02%.
National Refinery (KAR:NRL) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
National Refinery EBITDA Margin % Related Terms
National Refinery EBITDA Margin % Historical Data
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The historical data trend for National Refinery's EBITDA 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.
KAR:NRL vs VLO, MPC, PSX: EBITDA Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, National Refinery's EBITDA Margin %, along with its competitors' market caps and EBITDA 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 Refinery EBITDA Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Refinery's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where National Refinery's EBITDA 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 Refinery (KAR:NRL) has a EBITDA Margin % of 13.02% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on National Refinery and its competitors. This is 456% above median its historical median of 2.34. According to the industry distribution chart, National Refinery ranks #567 out of 916 companies in the Oil & Gas industry, placing it in the top 61.9%.
Is National Refinery's EBITDA Margin % too high?
National Refinery's current EBITDA Margin % of 13.02% is 456% above median its 10-year median of 2.34. The Oil & Gas industry median EBITDA Margin % is 13.80. National Refinery's value of 13.02% is 5.7% below this industry median. Based on the distribution chart, National Refinery ranks #567 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, National Refinery has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Refinery's EBITDA Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, National Refinery ranks #567 out of 916 companies for EBITDA Margin %. This places National Refinery in the lower half of its industry. The industry median EBITDA Margin % is 13.80. National Refinery's value of 13.02% is 5.7% below this benchmark. While the company's 10-year median is 2.34 vs. the industry median of 13.80, National Refinery 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 EBITDA Margin % for an Oil & Gas company?
The median EBITDA Margin % among Oil & Gas companies is 13.80, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Refinery's current EBITDA Margin % of 13.02% is 5.7% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on National Refinery and its competitors. For the Oil & Gas industry, the median EBITDA Margin % is 13.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Refinery's current EBITDA Margin % is 13.02%, which is 456% above median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Refinery stock overvalued right now?
Based on GuruFocus' analysis, National Refinery (KAR:NRL) is currently considered Fairly Valued. The stock's GF Value™ is ₨330.68, compared to a current price of ₨365.16 — trading 10.4% above its estimated fair value. The current EBITDA Margin % is 13.02%, which is 456% above median its 10-year median of 2.34 and 5.7% below the Oil & Gas industry median of 13.80. National Refinery's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current EBITDA Margin % is 13.02% 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 National Refinery (KAR:NRL) Overvalued in 2026?
Based on GuruFocus' analysis, National Refinery stock appears to be overvalued.
The current stock price of ₨365.16 is trading 10.4% above its estimated GF Value™ of ₨330.68.
GuruFocus considers National Refinery to be Fairly Valued.
Key valuation signals for KAR:NRL:
EBITDA Margin %: 13.02% (456% above median its 10-year median of 2.34)
GF Value™: ₨330.68 vs. price of ₨365.16 (10.4% above fair value)
Industry Position: 5.7% below the Oil & Gas median (#567 of 916)
No single metric tells the full story. See the KAR:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Refinery Ltd is a Pakistan-based company engaged in manufacturing and supplying fuel products, lubes, BTX, asphalts and specialty products for domestic consumption and export. It is also involved in the crude oil refining business. The company operates through two segments namely Fuel and Lube. The Fuel segment, which is the key revenue driver, is engaged in the production of high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels, and furnace oil. The Lube segment produces multiple grades of lube base oils, bitumen, waxes and rubber process oil and some quantities of other fuel products. It derives maximum revenue from Fuel Segment.
70GF Score
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