Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BOC KenyaNAI:BOC +0.44%72 Gross Margin % is 47.56% as of Dec. 2025, which is 2% below its 10-year median of 48.35. GuruFocus rates NAI:BOC with a GF Score™ of 72/100 and a GF Value™ of KES90.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,559 Chemicals companies, BOC Kenya ranks better than 89.16% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BOC Kenya's Gross Profit for the
six
months ended in Dec. 2025 was KES679 Mil. BOC Kenya's Revenue for the
six
months ended in Dec. 2025 was KES1,427 Mil. Therefore, BOC Kenya's Gross Margin % for the quarter that ended in Dec. 2025 was 47.56%.
The historical rank and industry rank for BOC Kenya's Gross Margin % or its related term are showing as below:
NAI:BOC'
s Gross Margin % Range Over the Past 10 Years
Min: 40.52 Med: 48.35 Max: 51.79
Current: 47.56
During the past 13 years, the highestGross Margin % of BOC Kenya was 51.79%. The lowest was 40.52%. And the median was 48.35%.
NAI:BOC's Gross Margin % is ranked better than 89.16% of 1559
companies
in the Chemicals industry
Industry Median: 23.52
vs NAI:BOC: 47.56
BOC Kenya had a gross margin of 47.56% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BOC Kenya was 3.50% per year.
BOC Kenya (NAI:BOC) 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
BOC Kenya had a gross margin of 47.56% for the quarter that ended in Dec. 2025 => Durable 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.
BOC Kenya Gross Margin % Related Terms
BOC Kenya Gross Margin % Historical Data
* Premium members only.
The historical data trend for BOC Kenya'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 Chemicals subindustry, BOC Kenya'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.
BOC Kenya Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, BOC Kenya's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BOC Kenya'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.
BOC Kenya (NAI:BOC) has a Gross Margin % of 47.56% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on BOC Kenya and its competitors. This is near median its historical median of 48.35. Over the past decade, BOC Kenya's Gross Margin % has ranged from 40.52 to 51.79. According to the industry distribution chart, BOC Kenya ranks #169 out of 1559 companies in the Chemicals industry, placing it in the top 10.8%.
Is BOC Kenya's Gross Margin % too high?
BOC Kenya's current Gross Margin % of 47.56% is near median its 10-year median of 48.35. Over the past 10 years, this metric has ranged from a low of 40.52 to a high of 51.79. The Chemicals industry median Gross Margin % is 23.52. BOC Kenya's value of 47.56% is 102.2% above this industry median. Based on the distribution chart, BOC Kenya ranks #169 out of 1559 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, BOC Kenya has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BOC Kenya's Gross Margin % compare to DOW?
According to the Chemicals industry distribution chart, BOC Kenya ranks #169 out of 1559 companies for Gross Margin %. This places BOC Kenya in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.52. BOC Kenya's value of 47.56% is 102.2% above this benchmark. Historically, BOC Kenya's own Gross Margin % has ranged from 40.52 to 51.79 over the past decade. While the company's 10-year median is 48.35 vs. the industry median of 23.52, BOC Kenya 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 a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.52, based on 1,559 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. BOC Kenya's current Gross Margin % of 47.56% is 102.2% 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 BOC Kenya and its competitors. For the Chemicals industry, the median Gross Margin % is 23.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Kenya's current Gross Margin % is 47.56%, which is near median its own 10-year median of 48.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Kenya stock overvalued right now?
Based on GuruFocus' analysis, BOC Kenya (NAI:BOC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES90.18, compared to a current price of KES171.00 — trading 89.6% above its estimated fair value. The current Gross Margin % is 47.56%, which is near median its 10-year median of 48.35 and 102.2% above the Chemicals industry median of 23.52. BOC Kenya's overall GF Score™ is 72/100 with 3 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 BOC Kenya (NAI:BOC), the current Gross Margin % is 47.56% 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 BOC Kenya (NAI:BOC) Overvalued in 2026?
Based on GuruFocus' analysis, BOC Kenya stock appears to be overvalued.
The current stock price of KES171.00 is trading 89.6% above its estimated GF Value™ of KES90.18.
GuruFocus considers BOC Kenya to be Significantly Overvalued.
Key valuation signals for NAI:BOC:
Gross Margin %: 47.56% (near median its 10-year median of 48.35)
GF Value™: KES90.18 vs. price of KES171.00 (89.6% above fair value)
Industry Position: 102.2% above the Chemicals median (#169 of 1559)
No single metric tells the full story. See the NAI:BOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOC Kenya PLC is involved in the manufacture and sale of industrial and medical gases and welding products. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates the majority of its revenue from the sale of medical and industrial gases.
72GF Score
Get the complete analysis for NAI:BOC
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
NAI:BOC has been successfully added to your 
