HAV Group ASAOSL:HAV 63 Gross Margin % is 14.07% as of Mar. 2026, which is 11% below its 10-year median of 15.78. GuruFocus rates OSL:HAV with a GF Score™ of 63/100 and a GF Value™ of kr12.47 (Fairly Valued). The stock has 4 warning signs investors should review. Among 978 Transportation companies, HAV Group ASA ranks worse than 71.57% on this metric.
HAV Group ASA gross margin has been in long-term decline. The average rate of decline per year is -8.3%.
The historical rank and industry rank for HAV Group ASA's Gross Margin % or its related term are showing as below:
OSL:HAV'
s Gross Margin % Range Over the Past 10 Years
Min: 8.23 Med: 15.78 Max: 19.31
Current: 12.22
During the past 9 years, the highestGross Margin % of HAV Group ASA was 19.31%. The lowest was 8.23%. And the median was 15.78%.
OSL:HAV's Gross Margin % is ranked worse than 71.57% of 978
companies
in the Transportation industry
Industry Median: 20.5
vs OSL:HAV: 12.22
HAV Group ASA had a gross margin of 14.07% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for HAV Group ASA was -8.30% per year.
HAV Group ASA (OSL:HAV) 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
HAV Group ASA had a gross margin of 14.07% 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.
HAV Group ASA Gross Margin % Related Terms
HAV Group ASA Gross Margin % Historical Data
* Premium members only.
The historical data trend for HAV Group ASA'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.
HAV Group ASA Gross Margin % Competitor Comparison
For the Marine Shipping subindustry, HAV Group ASA'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.
HAV Group ASA Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where HAV Group ASA'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.
HAV Group ASA (OSL:HAV) has a Gross Margin % of 14.07% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on HAV Group ASA and its competitors. This is 11% below median its historical median of 15.78. Over the past decade, HAV Group ASA's Gross Margin % has ranged from 8.23 to 19.31. According to the industry distribution chart, HAV Group ASA ranks #700 out of 978 companies in the Transportation industry, placing it in the top 71.6%.
Is HAV Group ASA's Gross Margin % too high?
HAV Group ASA's current Gross Margin % of 14.07% is 11% below median its 10-year median of 15.78. Over the past 10 years, this metric has ranged from a low of 8.23 to a high of 19.31. The Transportation industry median Gross Margin % is 20.50. HAV Group ASA's value of 14.07% is 31.4% below this industry median. Based on the distribution chart, HAV Group ASA ranks #700 out of 978 companies in the Transportation industry, which is below the industry midpoint. Overall, HAV Group ASA has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's Gross Margin % compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #700 out of 978 companies for Gross Margin %. This places HAV Group ASA in the lower half of its industry. The industry median Gross Margin % is 20.50. HAV Group ASA's value of 14.07% is 31.4% below this benchmark. Historically, HAV Group ASA's own Gross Margin % has ranged from 8.23 to 19.31 over the past decade. While the company's 10-year median is 15.78 vs. the industry median of 20.50, HAV Group ASA 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 20.50, based on 978 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. HAV Group ASA's current Gross Margin % of 14.07% is 31.4% 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 HAV Group ASA and its competitors. For the Transportation industry, the median Gross Margin % is 20.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current Gross Margin % is 14.07%, which is 11% below median its own 10-year median of 15.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.47, compared to a current price of kr13.50 — trading 8.3% above its estimated fair value. The current Gross Margin % is 14.07%, which is 11% below median its 10-year median of 15.78 and 31.4% below the Transportation industry median of 20.50. HAV Group ASA's overall GF Score™ is 63/100 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 HAV Group ASA (OSL:HAV), the current Gross Margin % is 14.07% 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 HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr13.50 is trading 8.3% above its estimated GF Value™ of kr12.47.
GuruFocus considers HAV Group ASA to be Fairly Valued.
Key valuation signals for OSL:HAV:
Gross Margin %: 14.07% (11% below median its 10-year median of 15.78)
GF Value™: kr12.47 vs. price of kr13.50 (8.3% above fair value)
Industry Position: 31.4% below the Transportation median (#700 of 978)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
63GF Score
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