Afriquia Gaz (CAS:GAZ) Gross Margin %: 27.26% (As of Dec. 2025) — 11% Above Median


CAS:GAZ Afriquia Gaz CAS:GAZ
82 GF Score
Price MAD3,675.00
GF Value MAD4,371.79
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Afriquia Gaz Gross Margin %?

Afriquia Gaz CAS:GAZ 82 Gross Margin % is 27.26% as of Dec. 2025, which is 11% above its 10-year median of 24.54. GuruFocus rates CAS:GAZ with a GF Score™ of 82/100 and a GF Value™ of MAD4,371.79 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 867 Oil & Gas companies, Afriquia Gaz ranks worse than 53.29% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Afriquia Gaz's Gross Profit for the six months ended in Dec. 2025 was MAD1,165 Mil. Afriquia Gaz's Revenue for the six months ended in Dec. 2025 was MAD4,273 Mil. Therefore, Afriquia Gaz's Gross Margin % for the quarter that ended in Dec. 2025 was 27.26%.

Warning Sign:

Afriquia Gaz gross margin has been in long-term decline. The average rate of decline per year is -1.3%.


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

CAS:GAZ' s Gross Margin % Range Over the Past 10 Years
Min: 18.77   Med: 24.54   Max: 29.85
Current: 23.65


During the past 13 years, the highest Gross Margin % of Afriquia Gaz was 29.85%. The lowest was 18.77%. And the median was 24.54%.

CAS:GAZ's Gross Margin % is ranked worse than
53.29% of 867 companies
in the Oil & Gas industry
Industry Median: 25.7 vs CAS:GAZ: 23.65

Afriquia Gaz had a gross margin of 27.26% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Afriquia Gaz was -1.30% per year.


Afriquia Gaz  (CAS:GAZ) 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

Afriquia Gaz had a gross margin of 27.26% for the quarter that ended in Dec. 2025 => Competition eroding margins


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.


Afriquia Gaz Gross Margin % Related Terms


Afriquia Gaz Gross Margin % Historical Data

* Premium members only.

The historical data trend for Afriquia Gaz'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.

Afriquia Gaz Gross Margin % Chart

Afriquia Gaz 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 22.20 18.77 24.03 25.04 23.65

Afriquia Gaz Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 27.78 22.06 27.85 20.39 27.26

CAS:GAZ vs VLO, MPC, PSX: Gross Margin % Comparison

For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz'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.


Afriquia Gaz Gross Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Afriquia Gaz's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Afriquia Gaz's Gross Margin % falls into.


CAS:GAZ
82GF Score
Afriquia Gaz CAS:GAZ
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Afriquia Gaz Gross Margin % Calculation

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

Afriquia Gaz'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 )
=2126.3 / 8989.425
=(Revenue - Cost of Goods Sold) / Revenue
=(8989.425 - 6863.096) / 8989.425
=23.65 %

Afriquia Gaz's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1165 / 4273.45
=(Revenue - Cost of Goods Sold) / Revenue
=(4273.45 - 3108.492) / 4273.45
=27.26 %

* 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 27.26% mean?
Afriquia Gaz (CAS:GAZ) has a Gross Margin % of 27.26% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Afriquia Gaz and its competitors. This is 11% above median its historical median of 24.54. Over the past decade, Afriquia Gaz's Gross Margin % has ranged from 18.77 to 29.85. According to the industry distribution chart, Afriquia Gaz ranks #462 out of 867 companies in the Oil & Gas industry, placing it in the top 53.3%.
Is Afriquia Gaz's Gross Margin % too high?
Afriquia Gaz's current Gross Margin % of 27.26% is 11% above median its 10-year median of 24.54. Over the past 10 years, this metric has ranged from a low of 18.77 to a high of 29.85. The Oil & Gas industry median Gross Margin % is 25.70. Afriquia Gaz's value of 27.26% is 6.1% above this industry median. Based on the distribution chart, Afriquia Gaz ranks #462 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Afriquia Gaz has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afriquia Gaz's Gross Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Afriquia Gaz ranks #462 out of 867 companies for Gross Margin %. This places Afriquia Gaz in the lower half of its industry. The industry median Gross Margin % is 25.70. Afriquia Gaz's value of 27.26% is 6.1% above this benchmark. Historically, Afriquia Gaz's own Gross Margin % has ranged from 18.77 to 29.85 over the past decade. While the company's 10-year median is 24.54 vs. the industry median of 25.70, Afriquia Gaz 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 an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 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. Afriquia Gaz's current Gross Margin % of 27.26% is 6.1% 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 Afriquia Gaz and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afriquia Gaz's current Gross Margin % is 27.26%, which is 11% above median its own 10-year median of 24.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afriquia Gaz stock overvalued right now?
Based on GuruFocus' analysis, Afriquia Gaz (CAS:GAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD4,371.79, compared to a current price of MAD3,675.00 — trading 15.9% below its estimated fair value. The current Gross Margin % is 27.26%, which is 11% above median its 10-year median of 24.54 and 6.1% above the Oil & Gas industry median of 25.70. Afriquia Gaz's overall GF Score™ is 82/100 with 5 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 Afriquia Gaz (CAS:GAZ), the current Gross Margin % is 27.26% as of Dec. 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 Afriquia Gaz (CAS:GAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Afriquia Gaz stock appears to be undervalued. The current stock price of MAD3,675.00 is trading 15.9% below its estimated GF Value™ of MAD4,371.79. GuruFocus considers Afriquia Gaz to be Modestly Undervalued.

Key valuation signals for CAS:GAZ:

  • Gross Margin %: 27.26% (11% above median its 10-year median of 24.54)
  • GF Value™: MAD4,371.79 vs. price of MAD3,675.00 (15.9% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 6.1% above the Oil & Gas median (#462 of 867)

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


Afriquia Gaz Business Description

Industry EnergyOil & Gas
Address 139 Boulevard Moulay Ismail, Casablanca, MAR, 20700
Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.
82GF Score

Get the complete analysis for CAS:GAZ

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

MAD3,675.00
Price
MAD4,371.79
GF Value