NorAm Drilling ASOSL:NORAM +4.05%90 Gross Margin % is 64.17% as of Mar. 2026, which is 21% above its 10-year median of 52.88. GuruFocus rates OSL:NORAM with a GF Score™ of 90/100 and a GF Value™ of kr33.21 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 867 Oil & Gas companies, NorAm Drilling AS ranks better than 90.2% on this metric.
The historical rank and industry rank for NorAm Drilling AS's Gross Margin % or its related term are showing as below:
OSL:NORAM'
s Gross Margin % Range Over the Past 10 Years
Min: 31.14 Med: 52.88 Max: 64.93
Current: 63.83
During the past 7 years, the highestGross Margin % of NorAm Drilling AS was 64.93%. The lowest was 31.14%. And the median was 52.88%.
OSL:NORAM's Gross Margin % is ranked better than 90.2% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs OSL:NORAM: 63.83
NorAm Drilling AS had a gross margin of 64.17% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for NorAm Drilling AS was 12.00% per year.
NorAm Drilling AS (OSL:NORAM) 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
NorAm Drilling AS had a gross margin of 64.17% 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.
NorAm Drilling AS Gross Margin % Related Terms
NorAm Drilling AS Gross Margin % Historical Data
* Premium members only.
The historical data trend for NorAm Drilling 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:NORAM vs SLB, BKR, HAL: Gross Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling 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.
NorAm Drilling AS Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NorAm Drilling 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.
NorAm Drilling AS (OSL:NORAM) has a Gross Margin % of 64.17% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on NorAm Drilling AS and its competitors. This is 21% above median its historical median of 52.88. Over the past decade, NorAm Drilling AS's Gross Margin % has ranged from 31.14 to 64.93. According to the industry distribution chart, NorAm Drilling AS ranks #85 out of 867 companies in the Oil & Gas industry, placing it in the top 9.8%.
Is NorAm Drilling AS's Gross Margin % too high?
NorAm Drilling AS's current Gross Margin % of 64.17% is 21% above median its 10-year median of 52.88. Over the past 10 years, this metric has ranged from a low of 31.14 to a high of 64.93. The Oil & Gas industry median Gross Margin % is 25.70. NorAm Drilling AS's value of 64.17% is 149.7% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #85 out of 867 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NorAm Drilling AS has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Gross Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #85 out of 867 companies for Gross Margin %. This places NorAm Drilling AS in the top 10% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.70. NorAm Drilling AS's value of 64.17% is 149.7% above this benchmark. Historically, NorAm Drilling AS's own Gross Margin % has ranged from 31.14 to 64.93 over the past decade. While the company's 10-year median is 52.88 vs. the industry median of 25.70, NorAm Drilling AS 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 Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 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. NorAm Drilling AS's current Gross Margin % of 64.17% is 149.7% 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 NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current Gross Margin % is 64.17%, which is 21% above median its own 10-year median of 52.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorAm Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, NorAm Drilling AS (OSL:NORAM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.21, compared to a current price of kr39.85 — trading 20% above its estimated fair value. The current Gross Margin % is 64.17%, which is 21% above median its 10-year median of 52.88 and 149.7% above the Oil & Gas industry median of 25.70. NorAm Drilling AS's overall GF Score™ is 90/100 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 NorAm Drilling AS (OSL:NORAM), the current Gross Margin % is 64.17% 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 NorAm Drilling AS (OSL:NORAM) Overvalued in 2026?
Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued.
The current stock price of kr39.85 is trading 20% above its estimated GF Value™ of kr33.21.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Gross Margin %: 64.17% (21% above median its 10-year median of 52.88)
GF Value™: kr33.21 vs. price of kr39.85 (20% above fair value)
Industry Position: 149.7% above the Oil & Gas median (#85 of 867)
No single metric tells the full story. See the OSL:NORAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NorAm Drilling AS owns and operates a quality rig portfolio of super spec developed high-end AC driven rigs tailored for the drilling of horizontal wells in the USA land drilling market. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. The group's operating segments are NorAm Drilling Company, which derives maximum revenue, and NorAm Drilling AS.
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