PetroChina CoFRA:PC6 -1.19%44 Gross Margin % is 22.92% as of Mar. 2026, which is 5% above its 10-year median of 21.78. GuruFocus rates FRA:PC6 with a GF Score™ of 44/100 and a GF Value™ of €0.94 (Fairly Valued). The stock has 2 warning signs investors should review. Among 867 Oil & Gas companies, PetroChina Co ranks worse than 56.17% on this metric.
The historical rank and industry rank for PetroChina Co's Gross Margin % or its related term are showing as below:
FRA:PC6'
s Gross Margin % Range Over the Past 10 Years
Min: 20.02 Med: 21.78 Max: 23.58
Current: 22.03
During the past 13 years, the highestGross Margin % of PetroChina Co was 23.58%. The lowest was 20.02%. And the median was 21.78%.
FRA:PC6's Gross Margin % is ranked worse than 56.17% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs FRA:PC6: 22.03
PetroChina Co had a gross margin of 22.92% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for PetroChina Co was 2.00% per year.
PetroChina Co (FRA:PC6) 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
PetroChina Co had a gross margin of 22.92% for the quarter that ended in Mar. 2026 => 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.
PetroChina Co Gross Margin % Related Terms
PetroChina Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for PetroChina Co'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 Oil & Gas Integrated subindustry, PetroChina Co'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.
PetroChina Co Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PetroChina Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PetroChina Co'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.
PetroChina Co (FRA:PC6) has a Gross Margin % of 22.92% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on PetroChina Co and its competitors. This is near median its historical median of 21.78. Over the past decade, PetroChina Co's Gross Margin % has ranged from 20.02 to 23.58. According to the industry distribution chart, PetroChina Co ranks #487 out of 867 companies in the Oil & Gas industry, placing it in the top 56.2%.
Is PetroChina Co's Gross Margin % too high?
PetroChina Co's current Gross Margin % of 22.92% is near median its 10-year median of 21.78. Over the past 10 years, this metric has ranged from a low of 20.02 to a high of 23.58. The Oil & Gas industry median Gross Margin % is 25.70. PetroChina Co's value of 22.92% is 10.8% below this industry median. Based on the distribution chart, PetroChina Co ranks #487 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, PetroChina Co has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PetroChina Co's Gross Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, PetroChina Co ranks #487 out of 867 companies for Gross Margin %. This places PetroChina Co in the lower half of its industry. The industry median Gross Margin % is 25.70. PetroChina Co's value of 22.92% is 10.8% below this benchmark. Historically, PetroChina Co's own Gross Margin % has ranged from 20.02 to 23.58 over the past decade. While the company's 10-year median is 21.78 vs. the industry median of 25.70, PetroChina Co 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 25.70, 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. PetroChina Co's current Gross Margin % of 22.92% is 10.8% 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 PetroChina Co 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. PetroChina Co's current Gross Margin % is 22.92%, which is near median its own 10-year median of 21.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PetroChina Co stock overvalued right now?
Based on GuruFocus' analysis, PetroChina Co (FRA:PC6) is currently considered Fairly Valued. The stock's GF Value™ is €0.94, compared to a current price of €0.98 — trading 4.3% above its estimated fair value. The current Gross Margin % is 22.92%, which is near median its 10-year median of 21.78 and 10.8% below the Oil & Gas industry median of 25.70. PetroChina Co's overall GF Score™ is 44/100 with 2 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 PetroChina Co (FRA:PC6), the current Gross Margin % is 22.92% 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 PetroChina Co (FRA:PC6) Overvalued in 2026?
Based on GuruFocus' analysis, PetroChina Co stock appears to be overvalued.
The current stock price of €0.98 is trading 4.3% above its estimated GF Value™ of €0.94.
GuruFocus considers PetroChina Co to be Fairly Valued.
Key valuation signals for FRA:PC6:
Gross Margin %: 22.92% (near median its 10-year median of 21.78)
GF Value™: €0.94 vs. price of €0.98 (4.3% above fair value)
Industry Position: 10.8% below the Oil & Gas median (#487 of 867)
No single metric tells the full story. See the FRA:PC6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2025, it produced more than 1.8 billion barrels of oil equivalent of oil and gas, and processed 1.4 billion barrels of crude oil. It also has more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 82%.
44GF Score
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