Fortum OyjFOJCF 65 Gross Margin % is 40.26% as of Mar. 2026, which is 6% below its 10-year median of 42.90. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 403 Utilities - Independent Power Producers companies, Fortum Oyj ranks better than 61.54% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Fortum Oyj's Gross Profit for the
three
months ended in Mar. 2026 was $927 Mil. Fortum Oyj's Revenue for the
three
months ended in Mar. 2026 was $2,303 Mil. Therefore, Fortum Oyj's Gross Margin % for the quarter that ended in Mar. 2026 was 40.26%.
The historical rank and industry rank for Fortum Oyj's Gross Margin % or its related term are showing as below:
FOJCF'
s Gross Margin % Range Over the Past 10 Years
Min: 9.62 Med: 42.9 Max: 50.05
Current: 40.44
During the past 13 years, the highestGross Margin % of Fortum Oyj was 50.05%. The lowest was 9.62%. And the median was 42.90%.
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
Fortum Oyj had a gross margin of 40.26% 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.
Fortum Oyj Gross Margin % Related Terms
Fortum Oyj Gross Margin % Historical Data
* Premium members only.
The historical data trend for Fortum Oyj'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 Utilities - Renewable subindustry, Fortum Oyj'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.
Fortum Oyj Gross Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Fortum Oyj'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.
Fortum Oyj (FOJCF) has a Gross Margin % of 40.26% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Fortum Oyj and its competitors. This is near median its historical median of 42.90. Over the past decade, Fortum Oyj's Gross Margin % has ranged from 9.62 to 50.05. According to the industry distribution chart, Fortum Oyj ranks #155 out of 403 companies in the Utilities - Independent Power Producers industry, placing it in the top 38.5%.
Is Fortum Oyj's Gross Margin % too high?
Fortum Oyj's current Gross Margin % of 40.26% is near median its 10-year median of 42.90. Over the past 10 years, this metric has ranged from a low of 9.62 to a high of 50.05. The Utilities - Independent Power Producers industry median Gross Margin % is 31.35. Fortum Oyj's value of 40.26% is 28.4% above this industry median. Based on the distribution chart, Fortum Oyj ranks #155 out of 403 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's Gross Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #155 out of 403 companies for Gross Margin %. This puts Fortum Oyj in the upper half of its industry. The industry median Gross Margin % is 31.35. Fortum Oyj's value of 40.26% is 28.4% above this benchmark. Historically, Fortum Oyj's own Gross Margin % has ranged from 9.62 to 50.05 over the past decade. While the company's 10-year median is 42.90 vs. the industry median of 31.35, Fortum Oyj 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 Utilities - Independent Power Producers company?
The median Gross Margin % among Utilities - Independent Power Producers companies is 31.35, based on 403 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. Fortum Oyj's current Gross Margin % of 40.26% is 28.4% 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 Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median Gross Margin % is 31.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current Gross Margin % is 40.26%, which is near median its own 10-year median of 42.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.87, compared to a current price of $22.00 — trading 58.6% above its estimated fair value. The current Gross Margin % is 40.26%, which is near median its 10-year median of 42.90 and 28.4% above the Utilities - Independent Power Producers industry median of 31.35. Fortum Oyj's overall GF Score™ is 65/100 with 4 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 Fortum Oyj (FOJCF), the current Gross Margin % is 40.26% 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 Fortum Oyj (FOJCF) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $22.00 is trading 58.6% above its estimated GF Value™ of $13.87.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCF:
Gross Margin %: 40.26% (near median its 10-year median of 42.90)
GF Value™: $13.87 vs. price of $22.00 (58.6% above fair value)
Industry Position: 28.4% above the Utilities - Independent Power Producers median (#155 of 403)
No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
65GF Score
Get the complete analysis for FOJCF
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
FOJCF has been successfully added to your 
