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Norcod ASOSL:NCOD +1.46%54 Gross Margin % is 149.70% as of Mar. 2026. GuruFocus rates OSL:NCOD with a GF Score™ of 54/100 and a GF Value™ of kr6.54 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,906 Consumer Packaged Goods companies, Norcod AS ranks better than 57.03% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Norcod AS's Gross Profit for the
three
months ended in Mar. 2026 was kr46.1 Mil. Norcod AS's Revenue for the
three
months ended in Mar. 2026 was kr30.8 Mil. Therefore, Norcod AS's Gross Margin % for the quarter that ended in Mar. 2026 was 149.70%.
The historical rank and industry rank for Norcod AS's Gross Margin % or its related term are showing as below:
OSL:NCOD'
s Gross Margin % Range Over the Past 10 Years
Min: -91.47 Med: -2.39 Max: 567.11
Current: 29.21
During the past 8 years, the highestGross Margin % of Norcod AS was 567.11%. The lowest was -91.47%. And the median was -2.39%.
OSL:NCOD's Gross Margin % is ranked better than 57.03% of 1906
companies
in the Consumer Packaged Goods industry
Industry Median: 26.355
vs OSL:NCOD: 29.21
Norcod AS had a gross margin of 149.70% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Norcod AS was 0.00% per year.
Norcod AS (OSL:NCOD) 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
Norcod AS had a gross margin of 149.70% for the quarter that ended in Mar. 2026 => 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.
Norcod AS Gross Margin % Related Terms
Norcod AS Gross Margin % Historical Data
* Premium members only.
The historical data trend for Norcod AS'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.
OSL:NCOD vs ADM, BG, TSN: Gross Margin % Comparison
For the Farm Products subindustry, Norcod AS'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.
Norcod AS Gross Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Norcod AS'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.
Norcod AS (OSL:NCOD) has a Gross Margin % of 149.70% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Norcod AS and its competitors. According to the industry distribution chart, Norcod AS ranks #819 out of 1906 companies in the Consumer Packaged Goods industry, placing it in the top 43%.
Is Norcod AS's Gross Margin % too high?
Norcod AS's current Gross Margin % is 149.70%. The Consumer Packaged Goods industry median Gross Margin % is 26.36. Norcod AS's value of 149.70% is 468% above this industry median. Based on the distribution chart, Norcod AS ranks #819 out of 1906 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Norcod AS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norcod AS's Gross Margin % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Norcod AS ranks #819 out of 1906 companies for Gross Margin %. This puts Norcod AS in the upper half of its industry. The industry median Gross Margin % is 26.36. Norcod AS's value of 149.70% is 468% above this benchmark. 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 Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.36, based on 1,906 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. Norcod AS's current Gross Margin % of 149.70% is 468% 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 Norcod AS and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcod AS's current Gross Margin % is 149.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norcod AS stock overvalued right now?
Based on GuruFocus' analysis, Norcod AS (OSL:NCOD) is currently considered Significantly Overvalued. The stock's GF Value™ is kr6.54, compared to a current price of kr10.45 — trading 59.8% above its estimated fair value. The current Gross Margin % is 149.70% and 468% above the Consumer Packaged Goods industry median of 26.36. Norcod AS's overall GF Score™ is 54/100 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 Norcod AS (OSL:NCOD), the current Gross Margin % is 149.70% 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 Norcod AS (OSL:NCOD) Overvalued in 2026?
Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued.
The current stock price of kr10.45 is trading 59.8% above its estimated GF Value™ of kr6.54.
GuruFocus considers Norcod AS to be Significantly Overvalued.
Key valuation signals for OSL:NCOD:
Gross Margin %: 149.70%
GF Value™: kr6.54 vs. price of kr10.45 (59.8% above fair value)
Industry Position: 468% above the Consumer Packaged Goods median (#819 of 1906)
No single metric tells the full story. See the OSL:NCOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers world-wide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod. The company has two operating segments: Farming, Includes activities related to fish farming operations from juvenile to harvest-ready biomass and sale of cod and liver in Norway and for export through the sales agent Sirena Group; and Harvesting, Includes harvesting activities, where farming generates maximum revenue.
54GF Score
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