Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Var Energi ASAOSL:VAR +3.02%78 EBITDA Margin % is 87.95% as of Mar. 2026, which is 24% above its 10-year median of 70.89. GuruFocus rates OSL:VAR with a GF Score™ of 78/100 and a GF Value™ of kr44.91 (Fairly Valued). The stock has 4 warning signs investors should review. Among 917 Oil & Gas companies, Var Energi ASA ranks better than 96.51% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Var Energi ASA's EBITDA for the
three
months ended in Mar. 2026 was kr22,573 Mil. Var Energi ASA's Revenue for the
three
months ended in Mar. 2026 was kr25,667 Mil. Therefore, Var Energi ASA's EBITDA margin for the quarter that ended in Mar. 2026 was 87.95%.
Var Energi ASA (OSL:VAR) 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.
Var Energi ASA EBITDA Margin % Related Terms
Var Energi ASA EBITDA Margin % Historical Data
* Premium members only.
The historical data trend for Var Energi ASA'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.
OSL:VAR vs COP, EOG, FANG: EBITDA Margin % Comparison
For the Oil & Gas E&P subindustry, Var Energi ASA'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.
Var Energi ASA EBITDA Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Var Energi ASA's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Var Energi ASA'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.
Var Energi ASA (OSL:VAR) has a EBITDA Margin % of 87.95% 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 Var Energi ASA and its competitors. This is 24% above median its historical median of 70.89. According to the industry distribution chart, Var Energi ASA ranks #32 out of 917 companies in the Oil & Gas industry, placing it in the top 3.5%.
Is Var Energi ASA's EBITDA Margin % too high?
Var Energi ASA's current EBITDA Margin % of 87.95% is 24% above median its 10-year median of 70.89. The Oil & Gas industry median EBITDA Margin % is 13.88. Var Energi ASA's value of 87.95% is 533.6% above this industry median. Based on the distribution chart, Var Energi ASA ranks #32 out of 917 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Var Energi ASA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's EBITDA Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #32 out of 917 companies for EBITDA Margin %. This places Var Energi ASA in the top 4% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 13.88. Var Energi ASA's value of 87.95% is 533.6% above this benchmark. While the company's 10-year median is 70.89 vs. the industry median of 13.88, Var Energi ASA 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 EBITDA Margin % for an Oil & Gas company?
The median EBITDA Margin % among Oil & Gas companies is 13.88, based on 917 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. Var Energi ASA's current EBITDA Margin % of 87.95% is 533.6% 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 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 Var Energi ASA and its competitors. For the Oil & Gas industry, the median EBITDA Margin % is 13.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current EBITDA Margin % is 87.95%, which is 24% above median its own 10-year median of 70.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (OSL:VAR) is currently considered Fairly Valued. The stock's GF Value™ is kr44.91, compared to a current price of kr43.33 — trading 3.5% below its estimated fair value. The current EBITDA Margin % is 87.95%, which is 24% above median its 10-year median of 70.89 and 533.6% above the Oil & Gas industry median of 13.88. Var Energi ASA's overall GF Score™ is 78/100 with 4 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 Var Energi ASA (OSL:VAR), the current EBITDA Margin % is 87.95% 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 Var Energi ASA (OSL:VAR) Overvalued in 2026?
Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued.
The current stock price of kr43.33 is trading 3.5% below its estimated GF Value™ of kr44.91.
GuruFocus considers Var Energi ASA to be Fairly Valued.
Key valuation signals for OSL:VAR:
EBITDA Margin %: 87.95% (24% above median its 10-year median of 70.89)
GF Value™: kr44.91 vs. price of kr43.33 (3.5% below fair value)
Industry Position: 533.6% above the Oil & Gas median (#32 of 917)
No single metric tells the full story. See the OSL:VAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
78GF Score
Get the complete analysis for OSL:VAR
EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:VAR has been successfully added to your 
