Dyno NobelASX:DNL +0.26%61 Gross Margin % is 59.10% as of Mar. 2026, which is 11% above its 10-year median of 53.23. GuruFocus rates ASX:DNL with a GF Score™ of 61/100 and a GF Value™ of A$2.23 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,565 Chemicals companies, Dyno Nobel ranks better than 96.61% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Dyno Nobel's Gross Profit for the
six
months ended in Mar. 2026 was A$951 Mil. Dyno Nobel's Revenue for the
six
months ended in Mar. 2026 was A$1,610 Mil. Therefore, Dyno Nobel's Gross Margin % for the quarter that ended in Mar. 2026 was 59.10%.
The historical rank and industry rank for Dyno Nobel's Gross Margin % or its related term are showing as below:
ASX:DNL'
s Gross Margin % Range Over the Past 10 Years
Min: 45.87 Med: 53.23 Max: 66.89
Current: 64.41
During the past 13 years, the highestGross Margin % of Dyno Nobel was 66.89%. The lowest was 45.87%. And the median was 53.23%.
ASX:DNL's Gross Margin % is ranked better than 96.61% of 1565
companies
in the Chemicals industry
Industry Median: 23.38
vs ASX:DNL: 64.41
Dyno Nobel had a gross margin of 59.10% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Dyno Nobel was 2.20% per year.
Dyno Nobel (ASX:DNL) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Dyno Nobel had a gross margin of 59.10% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Dyno Nobel Gross Margin % Related Terms
Dyno Nobel Gross Margin % Historical Data
* Premium members only.
The historical data trend for Dyno Nobel's Gross 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.
ASX:DNL vs LIN, SHW, ECL: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Dyno Nobel's Gross Margin %, along with its competitors' market caps and Gross 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.
Dyno Nobel Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dyno Nobel's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Dyno Nobel's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Dyno Nobel (ASX:DNL) has a Gross Margin % of 59.10% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Dyno Nobel and its competitors. This is 11% above median its historical median of 53.23. Over the past decade, Dyno Nobel's Gross Margin % has ranged from 45.87 to 66.89. According to the industry distribution chart, Dyno Nobel ranks #53 out of 1565 companies in the Chemicals industry, placing it in the top 3.4%.
Is Dyno Nobel's Gross Margin % too high?
Dyno Nobel's current Gross Margin % of 59.10% is 11% above median its 10-year median of 53.23. Over the past 10 years, this metric has ranged from a low of 45.87 to a high of 66.89. The Chemicals industry median Gross Margin % is 23.38. Dyno Nobel's value of 59.10% is 152.8% above this industry median. Based on the distribution chart, Dyno Nobel ranks #53 out of 1565 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Dyno Nobel has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dyno Nobel's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Dyno Nobel ranks #53 out of 1565 companies for Gross Margin %. This places Dyno Nobel in the top 3% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.38. Dyno Nobel's value of 59.10% is 152.8% above this benchmark. Historically, Dyno Nobel's own Gross Margin % has ranged from 45.87 to 66.89 over the past decade. While the company's 10-year median is 53.23 vs. the industry median of 23.38, Dyno Nobel 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 Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.38, based on 1,565 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dyno Nobel's current Gross Margin % of 59.10% is 152.8% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Dyno Nobel and its competitors. For the Chemicals industry, the median Gross Margin % is 23.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dyno Nobel's current Gross Margin % is 59.10%, which is 11% above median its own 10-year median of 53.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dyno Nobel stock overvalued right now?
Based on GuruFocus' analysis, Dyno Nobel (ASX:DNL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.23, compared to a current price of A$3.86 — trading 73.1% above its estimated fair value. The current Gross Margin % is 59.10%, which is 11% above median its 10-year median of 53.23 and 152.8% above the Chemicals industry median of 23.38. Dyno Nobel's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Dyno Nobel (ASX:DNL), the current Gross Margin % is 59.10% 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 Dyno Nobel (ASX:DNL) Overvalued in 2026?
Based on GuruFocus' analysis, Dyno Nobel stock appears to be overvalued.
The current stock price of A$3.86 is trading 73.1% above its estimated GF Value™ of A$2.23.
GuruFocus considers Dyno Nobel to be Significantly Overvalued.
Key valuation signals for ASX:DNL:
Gross Margin %: 59.10% (11% above median its 10-year median of 53.23)
GF Value™: A$2.23 vs. price of A$3.86 (73.1% above fair value)
Industry Position: 152.8% above the Chemicals median (#53 of 1565)
No single metric tells the full story. See the ASX:DNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dyno Nobel is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives traditionally contributed around 80% of EBIT, but with the sale of the fertilizers business, this moves to 100%.
61GF Score
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