Horizon OilFRA:HOJ 44 Gross Margin % is 16.16% as of Dec. 2025, which is 65% below its 10-year median of 46.47. GuruFocus rates FRA:HOJ with a GF Score™ of 44/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 872 Oil & Gas companies, Horizon Oil ranks worse than 60.32% on this metric.
The historical rank and industry rank for Horizon Oil's Gross Margin % or its related term are showing as below:
FRA:HOJ'
s Gross Margin % Range Over the Past 10 Years
Min: -6.6 Med: 46.47 Max: 74.31
Current: 18.84
During the past 13 years, the highestGross Margin % of Horizon Oil was 74.31%. The lowest was -6.60%. And the median was 46.47%.
FRA:HOJ's Gross Margin % is ranked worse than 60.32% of 872
companies
in the Oil & Gas industry
Industry Median: 25.535
vs FRA:HOJ: 18.84
Horizon Oil had a gross margin of 16.16% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Horizon Oil was 2.10% per year.
Horizon Oil (FRA:HOJ) 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
Horizon Oil had a gross margin of 16.16% for the quarter that ended in Dec. 2025 => No sustainable 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.
Horizon Oil Gross Margin % Related Terms
Horizon Oil Gross Margin % Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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.
FRA:HOJ vs COP, EOG, OXY: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Horizon Oil'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.
Horizon Oil (FRA:HOJ) has a Gross Margin % of 16.16% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Horizon Oil and its competitors. This is 65% below median its historical median of 46.47. According to the industry distribution chart, Horizon Oil ranks #526 out of 872 companies in the Oil & Gas industry, placing it in the top 60.3%.
Is Horizon Oil's Gross Margin % too high?
Horizon Oil's current Gross Margin % of 16.16% is 65% below median its 10-year median of 46.47. The Oil & Gas industry median Gross Margin % is 25.54. Horizon Oil's value of 16.16% is 36.7% below this industry median. Based on the distribution chart, Horizon Oil ranks #526 out of 872 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Horizon Oil has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #526 out of 872 companies for Gross Margin %. This places Horizon Oil in the lower half of its industry. The industry median Gross Margin % is 25.54. Horizon Oil's value of 16.16% is 36.7% below this benchmark. While the company's 10-year median is 46.47 vs. the industry median of 25.54, Horizon Oil has consistently been below 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 25.54, based on 872 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. Horizon Oil's current Gross Margin % of 16.16% is 36.7% below 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 Horizon Oil and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current Gross Margin % is 16.16%, which is 65% below median its own 10-year median of 46.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 34.4% above its estimated fair value. The current Gross Margin % is 16.16%, which is 65% below median its 10-year median of 46.47 and 36.7% below the Oil & Gas industry median of 25.54. Horizon Oil's overall GF Score™ is 44/100 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 Horizon Oil (FRA:HOJ), the current Gross Margin % is 16.16% 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 34.4% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
Gross Margin %: 16.16% (65% below median its 10-year median of 46.47)
GF Value™: €0.09 vs. price of €0.12 (34.4% above fair value)
Industry Position: 36.7% below the Oil & Gas median (#526 of 872)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
44GF Score
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