Gross Margin % is calculated as gross profit divided by its revenue. PJSC Lukoil's Gross Profit for the
three
months ended in Sep. 2023 was £1,763.48 Mil. PJSC Lukoil's Revenue for the
three
months ended in Sep. 2023 was £6,820.65 Mil. Therefore, PJSC Lukoil's Gross Margin % for the quarter that ended in Sep. 2023 was 25.85%.
The historical rank and industry rank for PJSC Lukoil's Gross Margin % or its related term are showing as below:
LSE:31KX'
s Gross Margin % Range Over the Past 10 Years
Min: 22.72 Med: 30.36 Max: 37.89
Current: 35.86
During the past 13 years, the highestGross Margin % of PJSC Lukoil was 37.89%. The lowest was 22.72%. And the median was 30.36%.
LSE:31KX's Gross Margin % is not ranked
in the Oil & Gas industry.
Industry Median: 25.62
vs LSE:31KX: 35.86
PJSC Lukoil had a gross margin of 25.85% for the quarter that ended in Sep. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for PJSC Lukoil was 5.50% per year.
PJSC Lukoil (LSE:31KX) 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
PJSC Lukoil had a gross margin of 25.85% for the quarter that ended in Sep. 2023 => 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.
PJSC Lukoil Gross Margin % Related Terms
PJSC Lukoil Gross Margin % Historical Data
* Premium members only.
The historical data trend for PJSC Lukoil'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, PJSC Lukoil'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.
PJSC Lukoil Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PJSC Lukoil's Gross Margin % distribution charts can be found below:
* The bar in red indicates where PJSC Lukoil'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.
PJSC Lukoil (LSE:31KX) has a Gross Margin % of 25.85% as of Sep. 2023. Gross margin is the ratio of total gross profit to net sales. View historical data on PJSC Lukoil and its competitors. This is 15% below median its historical median of 30.36. Over the past decade, PJSC Lukoil's Gross Margin % has ranged from 22.72 to 37.89.
Is PJSC Lukoil's Gross Margin % too high?
PJSC Lukoil's current Gross Margin % of 25.85% is 15% below median its 10-year median of 30.36. Over the past 10 years, this metric has ranged from a low of 22.72 to a high of 37.89. The Oil & Gas industry median Gross Margin % is 25.62. PJSC Lukoil's value of 25.85% is 0.9% above this industry median. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's Gross Margin % compare to XOM and CVX?
PJSC Lukoil's Gross Margin % of 25.85% can be compared against companies in the Oil & Gas industry. The industry median Gross Margin % is 25.62. PJSC Lukoil's value of 25.85% is 0.9% above this benchmark. Historically, PJSC Lukoil's own Gross Margin % has ranged from 22.72 to 37.89 over the past decade. While the company's 10-year median is 30.36 vs. the industry median of 25.62, PJSC Lukoil 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 Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.62, based on 870 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. PJSC Lukoil's current Gross Margin % of 25.85% is 0.9% 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 PJSC Lukoil and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Lukoil's current Gross Margin % is 25.85%, which is 15% below median its own 10-year median of 30.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (LSE:31KX) has a current Gross Margin % of 25.85%. The current Gross Margin % is 25.85%, which is 15% below median its 10-year median of 30.36 and 0.9% above the Oil & Gas industry median of 25.62. PJSC Lukoil's overall GF Score™ is 17/100 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 PJSC Lukoil (LSE:31KX), the current Gross Margin % is 25.85% as of Sep. 2023. 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.
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.
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