National Gas CoOGMUS:NGCI +0.90%36 Gross Margin % is 4.17% as of Dec. 2025, which is 62% below its 10-year median of 10.86. GuruFocus rates MUS:NGCI with a GF Score™ of 36/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 491 Utilities - Regulated companies, National Gas CoOG ranks worse than 95.32% on this metric.
National Gas Co SAOG gross margin has been in long-term decline. The average rate of decline per year is -21.6%.
The historical rank and industry rank for National Gas CoOG's Gross Margin % or its related term are showing as below:
MUS:NGCI'
s Gross Margin % Range Over the Past 10 Years
Min: 4.17 Med: 10.86 Max: 18.26
Current: 4.17
During the past 13 years, the highestGross Margin % of National Gas CoOG was 18.26%. The lowest was 4.17%. And the median was 10.86%.
MUS:NGCI's Gross Margin % is ranked worse than 95.32% of 491
companies
in the Utilities - Regulated industry
Industry Median: 30.95
vs MUS:NGCI: 4.17
National Gas CoOG had a gross margin of 4.17% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for National Gas CoOG was -21.60% per year.
National Gas CoOG (MUS:NGCI) 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
National Gas CoOG had a gross margin of 4.17% 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.
National Gas CoOG Gross Margin % Related Terms
National Gas CoOG Gross Margin % Historical Data
* Premium members only.
The historical data trend for National Gas CoOG'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.
MUS:NGCI vs ATO, NI, UGI: Gross Margin % Comparison
For the Utilities - Regulated Gas subindustry, National Gas CoOG'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.
National Gas CoOG Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's Gross Margin % distribution charts can be found below:
* The bar in red indicates where National Gas CoOG'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.
National Gas CoOG (MUS:NGCI) has a Gross Margin % of 4.17% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on National Gas CoOG and its competitors. This is 62% below median its historical median of 10.86. Over the past decade, National Gas CoOG's Gross Margin % has ranged from 4.17 to 18.26. According to the industry distribution chart, National Gas CoOG ranks #468 out of 491 companies in the Utilities - Regulated industry, placing it in the top 95.3%.
Is National Gas CoOG's Gross Margin % too high?
National Gas CoOG's current Gross Margin % of 4.17% is 62% below median its 10-year median of 10.86. Over the past 10 years, this metric has ranged from a low of 4.17 to a high of 18.26. The Utilities - Regulated industry median Gross Margin % is 30.95. National Gas CoOG's value of 4.17% is 86.5% below this industry median. Based on the distribution chart, National Gas CoOG ranks #468 out of 491 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, National Gas CoOG has a GF Score™ of 36/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, National Gas CoOG ranks #468 out of 491 companies for Gross Margin %. This places National Gas CoOG in the lower half of its industry. The industry median Gross Margin % is 30.95. National Gas CoOG's value of 4.17% is 86.5% below this benchmark. Historically, National Gas CoOG's own Gross Margin % has ranged from 4.17 to 18.26 over the past decade. While the company's 10-year median is 10.86 vs. the industry median of 30.95, National Gas CoOG 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. National Gas CoOG's current Gross Margin % of 4.17% is 86.5% 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 National Gas CoOG 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. National Gas CoOG's current Gross Margin % is 4.17%, which is 62% below median its own 10-year median of 10.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 24.4% above its estimated fair value. The current Gross Margin % is 4.17%, which is 62% below median its 10-year median of 10.86 and 86.5% below the Utilities - Regulated industry median of 30.95. National Gas CoOG's overall GF Score™ is 36/100 with 7 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 National Gas CoOG (MUS:NGCI), the current Gross Margin % is 4.17% 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 National Gas CoOG (MUS:NGCI) Overvalued in 2026?
Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued.
The current stock price of ر.ع0.11 is trading 24.4% above its estimated GF Value™ of ر.ع0.09.
GuruFocus considers National Gas CoOG to be Modestly Overvalued.
Key valuation signals for MUS:NGCI:
Gross Margin %: 4.17% (62% below median its 10-year median of 10.86)
GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (24.4% above fair value)
Industry Position: 86.5% below the Utilities - Regulated median (#468 of 491)
No single metric tells the full story. See the MUS:NGCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
36GF Score
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