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.
Icelandair Group hfOISE:ICEAIR +0.82%50 Gross Margin % is 9.78% as of Mar. 2026, which is 56% below its 10-year median of 22.05. GuruFocus rates OISE:ICEAIR with a GF Score™ of 50/100 and a GF Value™ of kr1.34 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 981 Transportation companies, Icelandair Group hf ranks better than 54.23% on this metric.
The historical rank and industry rank for Icelandair Group hf's Gross Margin % or its related term are showing as below:
OISE:ICEAIR'
s Gross Margin % Range Over the Past 10 Years
Min: -20.07 Med: 22.05 Max: 32.29
Current: 22.73
During the past 13 years, the highestGross Margin % of Icelandair Group hf was 32.29%. The lowest was -20.07%. And the median was 22.05%.
OISE:ICEAIR's Gross Margin % is ranked better than 54.23% of 981
companies
in the Transportation industry
Industry Median: 20.42
vs OISE:ICEAIR: 22.73
Icelandair Group hf had a gross margin of 9.78% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Icelandair Group hf was 0.00% per year.
Icelandair Group hf (OISE:ICEAIR) 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
Icelandair Group hf had a gross margin of 9.78% 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.
Icelandair Group hf Gross Margin % Related Terms
Icelandair Group hf Gross Margin % Historical Data
* Premium members only.
The historical data trend for Icelandair Group hf'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.
OISE:ICEAIR vs DAL, UAL, LUV: Gross Margin % Comparison
For the Airlines subindustry, Icelandair Group hf'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.
Icelandair Group hf Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Icelandair Group hf's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Icelandair Group hf'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.
Icelandair Group hf (OISE:ICEAIR) has a Gross Margin % of 9.78% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Icelandair Group hf and its competitors. This is 56% below median its historical median of 22.05. According to the industry distribution chart, Icelandair Group hf ranks #449 out of 981 companies in the Transportation industry, placing it in the top 45.8%.
Is Icelandair Group hf's Gross Margin % too high?
Icelandair Group hf's current Gross Margin % of 9.78% is 56% below median its 10-year median of 22.05. The Transportation industry median Gross Margin % is 20.42. Icelandair Group hf's value of 9.78% is 52.1% below this industry median. Based on the distribution chart, Icelandair Group hf ranks #449 out of 981 companies in the Transportation industry, which is above the industry midpoint. Overall, Icelandair Group hf has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's Gross Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Icelandair Group hf ranks #449 out of 981 companies for Gross Margin %. This puts Icelandair Group hf in the upper half of its industry. The industry median Gross Margin % is 20.42. Icelandair Group hf's value of 9.78% is 52.1% below this benchmark. While the company's 10-year median is 22.05 vs. the industry median of 20.42, Icelandair Group hf 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 a Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 981 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. Icelandair Group hf's current Gross Margin % of 9.78% is 52.1% 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 Icelandair Group hf and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icelandair Group hf's current Gross Margin % is 9.78%, which is 56% below median its own 10-year median of 22.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Based on GuruFocus' analysis, Icelandair Group hf (OISE:ICEAIR) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.34, compared to a current price of kr0.74 — trading 44.9% below its estimated fair value. The current Gross Margin % is 9.78%, which is 56% below median its 10-year median of 22.05 and 52.1% below the Transportation industry median of 20.42. Icelandair Group hf's overall GF Score™ is 50/100 with 2 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 Icelandair Group hf (OISE:ICEAIR), the current Gross Margin % is 9.78% 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 Icelandair Group hf (OISE:ICEAIR) Overvalued in 2026?
Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued.
The current stock price of kr0.74 is trading 44.9% below its estimated GF Value™ of kr1.34.
GuruFocus considers Icelandair Group hf to be Possible Value Trap.
Key valuation signals for OISE:ICEAIR:
Gross Margin %: 9.78% (56% below median its 10-year median of 22.05)
GF Value™: kr1.34 vs. price of kr0.74 (44.9% below fair value)
Industry Position: 52.1% below the Transportation median (#449 of 981)
No single metric tells the full story. See the OISE:ICEAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
50GF Score
Get the complete analysis for OISE:ICEAIR
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
OISE:ICEAIR has been successfully added to your 
