Aygaz ASIST:AYGAZ -0.33%56 Gross Margin % is 11.58% as of Mar. 2026, which is 31% above its 10-year median of 8.87. GuruFocus rates IST:AYGAZ with a GF Score™ of 56/100 and a GF Value™ of ₺146.45 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 491 Utilities - Regulated companies, Aygaz AS ranks worse than 88.19% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Aygaz AS's Gross Profit for the
three
months ended in Mar. 2026 was ₺2,535 Mil. Aygaz AS's Revenue for the
three
months ended in Mar. 2026 was ₺21,891 Mil. Therefore, Aygaz AS's Gross Margin % for the quarter that ended in Mar. 2026 was 11.58%.
The historical rank and industry rank for Aygaz AS's Gross Margin % or its related term are showing as below:
IST:AYGAZ'
s Gross Margin % Range Over the Past 10 Years
Min: 5.41 Med: 8.87 Max: 11.65
Current: 10.97
During the past 13 years, the highestGross Margin % of Aygaz AS was 11.65%. The lowest was 5.41%. And the median was 8.87%.
IST:AYGAZ's Gross Margin % is ranked worse than 88.19% of 491
companies
in the Utilities - Regulated industry
Industry Median: 30.95
vs IST:AYGAZ: 10.97
Aygaz AS had a gross margin of 11.58% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Aygaz AS was 2.50% per year.
Aygaz AS (IST:AYGAZ) 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
Aygaz AS had a gross margin of 11.58% 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.
Aygaz AS Gross Margin % Related Terms
Aygaz AS Gross Margin % Historical Data
* Premium members only.
The historical data trend for Aygaz AS'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.
IST:AYGAZ vs ATO, NI, UGI: Gross Margin % Comparison
For the Utilities - Regulated Gas subindustry, Aygaz AS'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.
Aygaz AS Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aygaz AS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Aygaz AS'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.
Aygaz AS (IST:AYGAZ) has a Gross Margin % of 11.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Aygaz AS and its competitors. This is 31% above median its historical median of 8.87. Over the past decade, Aygaz AS's Gross Margin % has ranged from 5.41 to 11.65. According to the industry distribution chart, Aygaz AS ranks #433 out of 491 companies in the Utilities - Regulated industry, placing it in the top 88.2%.
Is Aygaz AS's Gross Margin % too high?
Aygaz AS's current Gross Margin % of 11.58% is 31% above median its 10-year median of 8.87. Over the past 10 years, this metric has ranged from a low of 5.41 to a high of 11.65. The Utilities - Regulated industry median Gross Margin % is 30.95. Aygaz AS's value of 11.58% is 62.6% below this industry median. Based on the distribution chart, Aygaz AS ranks #433 out of 491 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Aygaz AS has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Aygaz AS ranks #433 out of 491 companies for Gross Margin %. This places Aygaz AS in the lower half of its industry. The industry median Gross Margin % is 30.95. Aygaz AS's value of 11.58% is 62.6% below this benchmark. Historically, Aygaz AS's own Gross Margin % has ranged from 5.41 to 11.65 over the past decade. While the company's 10-year median is 8.87 vs. the industry median of 30.95, Aygaz AS 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 Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.95, based on 491 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. Aygaz AS's current Gross Margin % of 11.58% is 62.6% 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 Aygaz AS and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aygaz AS's current Gross Margin % is 11.58%, which is 31% above median its own 10-year median of 8.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺146.45, compared to a current price of ₺208.80 — trading 42.6% above its estimated fair value. The current Gross Margin % is 11.58%, which is 31% above median its 10-year median of 8.87 and 62.6% below the Utilities - Regulated industry median of 30.95. Aygaz AS's overall GF Score™ is 56/100 with 5 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 Aygaz AS (IST:AYGAZ), the current Gross Margin % is 11.58% 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued.
The current stock price of ₺208.80 is trading 42.6% above its estimated GF Value™ of ₺146.45.
GuruFocus considers Aygaz AS to be Significantly Overvalued.
Key valuation signals for IST:AYGAZ:
Gross Margin %: 11.58% (31% above median its 10-year median of 8.87)
GF Value™: ₺146.45 vs. price of ₺208.80 (42.6% above fair value)
Industry Position: 62.6% below the Utilities - Regulated median (#433 of 491)
No single metric tells the full story. See the IST:AYGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
56GF Score
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