Nippon Gas CoNPNGY 86 Gross Margin % is 37.28% as of Mar. 2026, which is 15% below its 10-year median of 44.11. GuruFocus rates NPNGY with a GF Score™ of 86/100 and a GF Value™ of $8.21 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 489 Utilities - Regulated companies, Nippon Gas Co ranks better than 60.74% on this metric.
Nippon Gas Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -4%.
The historical rank and industry rank for Nippon Gas Co's Gross Margin % or its related term are showing as below:
NPNGY'
s Gross Margin % Range Over the Past 10 Years
Min: 33.53 Med: 44.11 Max: 51.93
Current: 36.81
During the past 13 years, the highestGross Margin % of Nippon Gas Co was 51.93%. The lowest was 33.53%. And the median was 44.11%.
NPNGY's Gross Margin % is ranked better than 60.74% of 489
companies
in the Utilities - Regulated industry
Industry Median: 31.04
vs NPNGY: 36.81
Nippon Gas Co had a gross margin of 37.28% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Nippon Gas Co was -4.00% per year.
Nippon Gas Co (OTCPK:NPNGY) 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
Nippon Gas Co had a gross margin of 37.28% 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.
Nippon Gas Co Gross Margin % Related Terms
Nippon Gas Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Nippon Gas 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 Utilities - Regulated Gas subindustry, Nippon Gas 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.
Nippon Gas Co Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nippon Gas 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.
Nippon Gas Co (NPNGY) has a Gross Margin % of 37.28% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nippon Gas Co and its competitors. This is 15% below median its historical median of 44.11. Over the past decade, Nippon Gas Co's Gross Margin % has ranged from 33.53 to 51.93. According to the industry distribution chart, Nippon Gas Co ranks #192 out of 489 companies in the Utilities - Regulated industry, placing it in the top 39.3%.
Is Nippon Gas Co's Gross Margin % too high?
Nippon Gas Co's current Gross Margin % of 37.28% is 15% below median its 10-year median of 44.11. Over the past 10 years, this metric has ranged from a low of 33.53 to a high of 51.93. The Utilities - Regulated industry median Gross Margin % is 31.04. Nippon Gas Co's value of 37.28% is 20.1% above this industry median. Based on the distribution chart, Nippon Gas Co ranks #192 out of 489 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Nippon Gas Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Gas Co's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Nippon Gas Co ranks #192 out of 489 companies for Gross Margin %. This puts Nippon Gas Co in the upper half of its industry. The industry median Gross Margin % is 31.04. Nippon Gas Co's value of 37.28% is 20.1% above this benchmark. Historically, Nippon Gas Co's own Gross Margin % has ranged from 33.53 to 51.93 over the past decade. While the company's 10-year median is 44.11 vs. the industry median of 31.04, Nippon Gas Co 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 Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 31.04, based on 489 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. Nippon Gas Co's current Gross Margin % of 37.28% is 20.1% 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 Nippon Gas Co and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 31.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Gas Co's current Gross Margin % is 37.28%, which is 15% below median its own 10-year median of 44.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Gas Co (NPNGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.21, compared to a current price of $8.67 — trading 5.5% above its estimated fair value. The current Gross Margin % is 37.28%, which is 15% below median its 10-year median of 44.11 and 20.1% above the Utilities - Regulated industry median of 31.04. Nippon Gas Co's overall GF Score™ is 86/100 with 4 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 Nippon Gas Co (NPNGY), the current Gross Margin % is 37.28% 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 Nippon Gas Co (NPNGY) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Gas Co stock appears to be overvalued.
The current stock price of $8.67 is trading 5.5% above its estimated GF Value™ of $8.21.
GuruFocus considers Nippon Gas Co to be Modestly Overvalued.
Key valuation signals for NPNGY:
Gross Margin %: 37.28% (15% below median its 10-year median of 44.11)
GF Value™: $8.21 vs. price of $8.67 (5.5% above fair value)
Industry Position: 20.1% above the Utilities - Regulated median (#192 of 489)
No single metric tells the full story. See the NPNGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.
86GF Score
Get the complete analysis for NPNGY
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
NPNGY has been successfully added to your 
