BLRDF (Billerud AB) Gross Margin %: 41.13% (As of Mar. 2026) — 17% Below Median


BLRDF Billerud AB BLRDF
63 GF Score
Price $6.23
GF Value $9.83
Valuation Possible Value Trap
! 6 Warning Signs
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What is Billerud AB Gross Margin %?

Billerud AB BLRDF 63 Gross Margin % is 41.13% as of Mar. 2026, which is 17% below its 10-year median of 49.38. GuruFocus rates BLRDF with a GF Score™ of 63/100 and a GF Value™ of $9.83 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 279 Forest Products companies, Billerud AB ranks better than 85.66% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Billerud AB's Gross Profit for the three months ended in Mar. 2026 was $434 Mil. Billerud AB's Revenue for the three months ended in Mar. 2026 was $1,055 Mil. Therefore, Billerud AB's Gross Margin % for the quarter that ended in Mar. 2026 was 41.13%.


The historical rank and industry rank for Billerud AB's Gross Margin % or its related term are showing as below:

BLRDF' s Gross Margin % Range Over the Past 10 Years
Min: 45.89   Med: 49.38   Max: 54.19
Current: 46.26


During the past 13 years, the highest Gross Margin % of Billerud AB was 54.19%. The lowest was 45.89%. And the median was 49.38%.

BLRDF's Gross Margin % is ranked better than
85.66% of 279 companies
in the Forest Products industry
Industry Median: 19.05 vs BLRDF: 46.26

Billerud AB had a gross margin of 41.13% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Billerud AB was -0.70% per year.


Billerud AB  (OTCPK:BLRDF) 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

Billerud AB had a gross margin of 41.13% 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.


Billerud AB Gross Margin % Related Terms


Billerud AB Gross Margin % Historical Data

* Premium members only.

The historical data trend for Billerud AB'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.

Billerud AB Gross Margin % Chart

Billerud AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.99 54.19 45.89 48.80 47.80

Billerud AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % 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 47.20 47.07 48.82 48.06 41.13

BLRDF vs SLVM: Gross Margin % Comparison

For the Paper & Paper Products subindustry, Billerud AB'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.


Billerud AB Gross Margin % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Billerud AB's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Billerud AB's Gross Margin % falls into.


BLRDF
63GF Score
Billerud AB BLRDF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Billerud AB Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Billerud AB's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=2082.6 / 4356.593
=(Revenue - Cost of Goods Sold) / Revenue
=(4356.593 - 2273.955) / 4356.593
=47.80 %

Billerud AB's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=433.7 / 1054.501
=(Revenue - Cost of Goods Sold) / Revenue
=(1054.501 - 620.787) / 1054.501
=41.13 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 41.13% mean?
Billerud AB (BLRDF) has a Gross Margin % of 41.13% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Billerud AB and its competitors. This is 17% below median its historical median of 49.38. Over the past decade, Billerud AB's Gross Margin % has ranged from 45.89 to 54.19. According to the industry distribution chart, Billerud AB ranks #40 out of 279 companies in the Forest Products industry, placing it in the top 14.3%.
Is Billerud AB's Gross Margin % too high?
Billerud AB's current Gross Margin % of 41.13% is 17% below median its 10-year median of 49.38. Over the past 10 years, this metric has ranged from a low of 45.89 to a high of 54.19. The Forest Products industry median Gross Margin % is 19.05. Billerud AB's value of 41.13% is 115.9% above this industry median. Based on the distribution chart, Billerud AB ranks #40 out of 279 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Billerud AB has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Billerud AB's Gross Margin % compare to SLVM?
According to the Forest Products industry distribution chart, Billerud AB ranks #40 out of 279 companies for Gross Margin %. This places Billerud AB in the top 14% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 19.05. Billerud AB's value of 41.13% is 115.9% above this benchmark. Historically, Billerud AB's own Gross Margin % has ranged from 45.89 to 54.19 over the past decade. While the company's 10-year median is 49.38 vs. the industry median of 19.05, Billerud AB 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 Forest Products company?
The median Gross Margin % among Forest Products companies is 19.05, based on 279 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. Billerud AB's current Gross Margin % of 41.13% is 115.9% 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 Billerud AB and its competitors. For the Forest Products industry, the median Gross Margin % is 19.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billerud AB's current Gross Margin % is 41.13%, which is 17% below median its own 10-year median of 49.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billerud AB stock overvalued right now?
Based on GuruFocus' analysis, Billerud AB (BLRDF) is currently considered Possible Value Trap. The stock's GF Value™ is $9.83, compared to a current price of $6.23 — trading 36.6% below its estimated fair value. The current Gross Margin % is 41.13%, which is 17% below median its 10-year median of 49.38 and 115.9% above the Forest Products industry median of 19.05. Billerud AB's overall GF Score™ is 63/100 with 6 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 Billerud AB (BLRDF), the current Gross Margin % is 41.13% 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 Billerud AB (BLRDF) Overvalued in 2026?

Based on GuruFocus' analysis, Billerud AB stock appears to be undervalued. The current stock price of $6.23 is trading 36.6% below its estimated GF Value™ of $9.83. GuruFocus considers Billerud AB to be Possible Value Trap.

Key valuation signals for BLRDF:

  • Gross Margin %: 41.13% (17% below median its 10-year median of 49.38)
  • GF Value™: $9.83 vs. price of $6.23 (36.6% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 115.9% above the Forest Products median (#40 of 279)

No single metric tells the full story. See the BLRDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Billerud AB Business Description

Address Evenemangsgatan 17, P.O. Box 703, Solna, Stockholm, SWE, SE-169 27
Billerud AB produces a variety of packaging, paper, and board products. Its product offerings include Cartonboard, Sack Paper, Coated sheets, Web papers, Hardwood Pulp, and Containerboard, among others. The company has has three operating segments: Region Europe, Region North America and Other. The majority of revenue is derived from the Region Europe segment.
63GF Score

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

$6.23
Price
$9.83
GF Value