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
Norse Atlantic ASA had a gross margin of 3.64% 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.
Norse Atlantic ASA Gross Margin % Related Terms
Norse Atlantic ASA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Norse Atlantic 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.
OSL:NORSE vs DAL, UAL, LUV: Gross Margin % Comparison
For the Airlines subindustry, Norse Atlantic 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.
Norse Atlantic ASA Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Norse Atlantic ASA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Norse Atlantic 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.
Norse Atlantic ASA (OSL:NORSE) has a Gross Margin % of 3.64% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Norse Atlantic ASA and its competitors. According to the industry distribution chart, Norse Atlantic ASA ranks #833 out of 977 companies in the Transportation industry, placing it in the top 85.3%.
Is Norse Atlantic ASA's Gross Margin % too high?
Norse Atlantic ASA's current Gross Margin % is 3.64%. The Transportation industry median Gross Margin % is 20.42. Norse Atlantic ASA's value of 3.64% is 82.2% below this industry median. Based on the distribution chart, Norse Atlantic ASA ranks #833 out of 977 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Norse Atlantic ASA has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norse Atlantic ASA's Gross Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Norse Atlantic ASA ranks #833 out of 977 companies for Gross Margin %. This places Norse Atlantic ASA in the lower half of its industry. The industry median Gross Margin % is 20.42. Norse Atlantic ASA's value of 3.64% is 82.2% below 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 Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 977 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. Norse Atlantic ASA's current Gross Margin % of 3.64% is 82.2% 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 Norse Atlantic ASA 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. Norse Atlantic ASA's current Gross Margin % is 3.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norse Atlantic ASA stock overvalued right now?
Based on GuruFocus' analysis, Norse Atlantic ASA (OSL:NORSE) is currently considered Possible Value Trap. The stock's GF Value™ is kr3.36, compared to a current price of kr0.61 — trading 82% below its estimated fair value. The current Gross Margin % is 3.64% and 82.2% below the Transportation industry median of 20.42. Norse Atlantic ASA's overall GF Score™ is 29/100 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 Norse Atlantic ASA (OSL:NORSE), the current Gross Margin % is 3.64% 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 Norse Atlantic ASA (OSL:NORSE) Overvalued in 2026?
Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued.
The current stock price of kr0.61 is trading 82% below its estimated GF Value™ of kr3.36.
GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.
Key valuation signals for OSL:NORSE:
Gross Margin %: 3.64%
GF Value™: kr3.36 vs. price of kr0.61 (82% below fair value)
Industry Position: 82.2% below the Transportation median (#833 of 977)
No single metric tells the full story. See the OSL:NORSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
29GF Score
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