Exxaro ResourcesEXXAF -2.04%81 Gross Margin % is 88.70% as of Dec. 2025, which is 5% above its 10-year median of 84.85. GuruFocus rates EXXAF with a GF Score™ of 81/100 and a GF Value™ of $11.48 (Fairly Valued). The stock has 8 warning signs investors should review. Among 124 Other Energy Sources companies, Exxaro Resources ranks better than 97.58% on this metric.
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
Exxaro Resources had a gross margin of 88.70% for the quarter that ended in Dec. 2025 => 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.
Exxaro Resources Gross Margin % Related Terms
Exxaro Resources Gross Margin % Historical Data
* Premium members only.
The historical data trend for Exxaro Resources'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.
For the Thermal Coal subindustry, Exxaro Resources'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.
Exxaro Resources Gross Margin % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Exxaro Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Exxaro Resources'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.
Exxaro Resources (EXXAF) has a Gross Margin % of 88.70% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Exxaro Resources and its competitors. This is near median its historical median of 84.85. Over the past decade, Exxaro Resources' Gross Margin % has ranged from 29.68 to 87.04. According to the industry distribution chart, Exxaro Resources ranks #3 out of 124 companies in the Other Energy Sources industry, placing it in the top 2.4%.
Is Exxaro Resources' Gross Margin % too high?
Exxaro Resources' current Gross Margin % of 88.70% is near median its 10-year median of 84.85. Over the past 10 years, this metric has ranged from a low of 29.68 to a high of 87.04. The Other Energy Sources industry median Gross Margin % is 18.78. Exxaro Resources' value of 88.70% is 372.4% above this industry median. Based on the distribution chart, Exxaro Resources ranks #3 out of 124 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Exxaro Resources has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exxaro Resources' Gross Margin % compare to CNR?
According to the Other Energy Sources industry distribution chart, Exxaro Resources ranks #3 out of 124 companies for Gross Margin %. This places Exxaro Resources in the top 2% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 18.78. Exxaro Resources' value of 88.70% is 372.4% above this benchmark. Historically, Exxaro Resources' own Gross Margin % has ranged from 29.68 to 87.04 over the past decade. While the company's 10-year median is 84.85 vs. the industry median of 18.78, Exxaro Resources 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 Other Energy Sources company?
The median Gross Margin % among Other Energy Sources companies is 18.78, based on 124 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. Exxaro Resources's current Gross Margin % of 88.70% is 372.4% 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 Exxaro Resources and its competitors. For the Other Energy Sources industry, the median Gross Margin % is 18.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exxaro Resources's current Gross Margin % is 88.70%, which is near median its own 10-year median of 84.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxaro Resources stock overvalued right now?
Based on GuruFocus' analysis, Exxaro Resources (EXXAF) is currently considered Fairly Valued. The stock's GF Value™ is $11.48, compared to a current price of $12.00 — trading 4.5% above its estimated fair value. The current Gross Margin % is 88.70%, which is near median its 10-year median of 84.85 and 372.4% above the Other Energy Sources industry median of 18.78. Exxaro Resources' overall GF Score™ is 81/100 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 Exxaro Resources (EXXAF), the current Gross Margin % is 88.70% 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 Exxaro Resources (EXXAF) Overvalued in 2026?
Based on GuruFocus' analysis, Exxaro Resources stock appears to be overvalued.
The current stock price of $12.00 is trading 4.5% above its estimated GF Value™ of $11.48.
GuruFocus considers Exxaro Resources to be Fairly Valued.
Key valuation signals for EXXAF:
Gross Margin %: 88.70% (near median its 10-year median of 84.85)
GF Value™: $11.48 vs. price of $12.00 (4.5% above fair value)
Industry Position: 372.4% above the Other Energy Sources median (#3 of 124)
No single metric tells the full story. See the EXXAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exxaro Resources Ltd is one of the South Africa-based diversified resources companies. The company's operating segments are: Coal, Energy, Metals, and Others. The majority of its revenue comes from the coal segment, whose operations are located in the Waterberg and Mpumalanga regions and are split between coal commercial operations and coal-tied operations and produce thermal and metallurgical coal, Commercial Waterberg is comprised mainly of the Grootegeluk operation, Commercial Mpumalanga comprising the Belfast and Leeuwpan operations, and Tied comprising of the Matla mine supplying its entire coal supply to Eskom; and Others comprises of the other coal affiliated operation. Geographically, the company derives majority of its revenue from the RSA region ( Republic of South Africa).
81GF Score
Get the complete analysis for EXXAF
Gross 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
EXXAF has been successfully added to your 
