Nokian TyresFRA:NRE -0.33%71 Gross Margin % is 19.10% as of Mar. 2026, which is 39% below its 10-year median of 31.34. GuruFocus rates FRA:NRE with a GF Score™ of 71/100 and a GF Value™ of €9.26 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,311 Vehicles & Parts companies, Nokian Tyres ranks better than 57.82% on this metric.
Nokian Tyres PLC gross margin has been in long-term decline. The average rate of decline per year is -10.3%.
The historical rank and industry rank for Nokian Tyres's Gross Margin % or its related term are showing as below:
FRA:NRE'
s Gross Margin % Range Over the Past 10 Years
Min: 18.13 Med: 31.34 Max: 47.95
Current: 22.48
During the past 13 years, the highestGross Margin % of Nokian Tyres was 47.95%. The lowest was 18.13%. And the median was 31.34%.
FRA:NRE's Gross Margin % is ranked better than 57.82% of 1311
companies
in the Vehicles & Parts industry
Industry Median: 19.84
vs FRA:NRE: 22.48
Nokian Tyres had a gross margin of 19.10% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Nokian Tyres was -10.30% per year.
Nokian Tyres (FRA:NRE) 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
Nokian Tyres had a gross margin of 19.10% for the quarter that ended in Mar. 2026 => 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.
Nokian Tyres Gross Margin % Related Terms
Nokian Tyres Gross Margin % Historical Data
* Premium members only.
The historical data trend for Nokian Tyres'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:NRE vs ORLY, AZO, GPC: Gross Margin % Comparison
For the Auto Parts subindustry, Nokian Tyres'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.
Nokian Tyres Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nokian Tyres'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.
Nokian Tyres (FRA:NRE) has a Gross Margin % of 19.10% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nokian Tyres and its competitors. This is 39% below median its historical median of 31.34. Over the past decade, Nokian Tyres' Gross Margin % has ranged from 18.13 to 47.95. According to the industry distribution chart, Nokian Tyres ranks #553 out of 1311 companies in the Vehicles & Parts industry, placing it in the top 42.2%.
Is Nokian Tyres' Gross Margin % too high?
Nokian Tyres' current Gross Margin % of 19.10% is 39% below median its 10-year median of 31.34. Over the past 10 years, this metric has ranged from a low of 18.13 to a high of 47.95. The Vehicles & Parts industry median Gross Margin % is 19.84. Nokian Tyres' value of 19.10% is 3.7% below this industry median. Based on the distribution chart, Nokian Tyres ranks #553 out of 1311 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Nokian Tyres has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nokian Tyres ranks #553 out of 1311 companies for Gross Margin %. This puts Nokian Tyres in the upper half of its industry. The industry median Gross Margin % is 19.84. Nokian Tyres' value of 19.10% is 3.7% below this benchmark. Historically, Nokian Tyres' own Gross Margin % has ranged from 18.13 to 47.95 over the past decade. While the company's 10-year median is 31.34 vs. the industry median of 19.84, Nokian Tyres 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 a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,311 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. Nokian Tyres's current Gross Margin % of 19.10% is 3.7% 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 Nokian Tyres and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokian Tyres's current Gross Margin % is 19.10%, which is 39% below median its own 10-year median of 31.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Based on GuruFocus' analysis, Nokian Tyres (FRA:NRE) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.26, compared to a current price of €11.95 — trading 29% above its estimated fair value. The current Gross Margin % is 19.10%, which is 39% below median its 10-year median of 31.34 and 3.7% below the Vehicles & Parts industry median of 19.84. Nokian Tyres' overall GF Score™ is 71/100 with 11 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 Nokian Tyres (FRA:NRE), the current Gross Margin % is 19.10% 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 Nokian Tyres (FRA:NRE) Overvalued in 2026?
Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued.
The current stock price of €11.95 is trading 29% above its estimated GF Value™ of €9.26.
GuruFocus considers Nokian Tyres to be Modestly Overvalued.
Key valuation signals for FRA:NRE:
Gross Margin %: 19.10% (39% below median its 10-year median of 31.34)
GF Value™: €9.26 vs. price of €11.95 (29% above fair value)
Industry Position: 3.7% below the Vehicles & Parts median (#553 of 1311)
No single metric tells the full story. See the FRA:NRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
71GF Score
Get the complete analysis for FRA:NRE
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
FRA:NRE has been successfully added to your 
