Var Energi ASAOSL:VAR -2.65%81 Gross Margin % is 53.79% as of Mar. 2026, which is 2% below its 10-year median of 54.98. GuruFocus rates OSL:VAR with a GF Score™ of 81/100 and a GF Value™ of kr44.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 870 Oil & Gas companies, Var Energi ASA ranks better than 78.28% on this metric.
The historical rank and industry rank for Var Energi ASA's Gross Margin % or its related term are showing as below:
OSL:VAR'
s Gross Margin % Range Over the Past 10 Years
Min: 4.65 Med: 54.98 Max: 73.51
Current: 49.11
During the past 8 years, the highestGross Margin % of Var Energi ASA was 73.51%. The lowest was 4.65%. And the median was 54.98%.
OSL:VAR's Gross Margin % is ranked better than 78.28% of 870
companies
in the Oil & Gas industry
Industry Median: 25.62
vs OSL:VAR: 49.11
Var Energi ASA had a gross margin of 53.79% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Var Energi ASA was 40.10% per year.
Var Energi ASA (OSL:VAR) 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
Var Energi ASA had a gross margin of 53.79% 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.
Var Energi ASA Gross Margin % Related Terms
Var Energi ASA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Var Energi 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:VAR vs COP, EOG, FANG: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Var Energi 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.
Var Energi ASA Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Var Energi ASA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Var Energi 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.
Var Energi ASA (OSL:VAR) has a Gross Margin % of 53.79% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Var Energi ASA and its competitors. This is near median its historical median of 54.98. Over the past decade, Var Energi ASA's Gross Margin % has ranged from 4.65 to 73.51. According to the industry distribution chart, Var Energi ASA ranks #189 out of 870 companies in the Oil & Gas industry, placing it in the top 21.7%.
Is Var Energi ASA's Gross Margin % too high?
Var Energi ASA's current Gross Margin % of 53.79% is near median its 10-year median of 54.98. Over the past 10 years, this metric has ranged from a low of 4.65 to a high of 73.51. The Oil & Gas industry median Gross Margin % is 25.62. Var Energi ASA's value of 53.79% is 110% above this industry median. Based on the distribution chart, Var Energi ASA ranks #189 out of 870 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Var Energi ASA has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #189 out of 870 companies for Gross Margin %. This places Var Energi ASA in the top 22% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.62. Var Energi ASA's value of 53.79% is 110% above this benchmark. Historically, Var Energi ASA's own Gross Margin % has ranged from 4.65 to 73.51 over the past decade. While the company's 10-year median is 54.98 vs. the industry median of 25.62, Var Energi ASA 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 25.62, based on 870 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. Var Energi ASA's current Gross Margin % of 53.79% is 110% 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 Var Energi ASA and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current Gross Margin % is 53.79%, which is near median its own 10-year median of 54.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (OSL:VAR) is currently considered Modestly Undervalued. The stock's GF Value™ is kr44.63, compared to a current price of kr40.10 — trading 10.2% below its estimated fair value. The current Gross Margin % is 53.79%, which is near median its 10-year median of 54.98 and 110% above the Oil & Gas industry median of 25.62. Var Energi ASA's overall GF Score™ is 81/100 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 Var Energi ASA (OSL:VAR), the current Gross Margin % is 53.79% 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 Var Energi ASA (OSL:VAR) Overvalued in 2026?
Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued.
The current stock price of kr40.10 is trading 10.2% below its estimated GF Value™ of kr44.63.
GuruFocus considers Var Energi ASA to be Modestly Undervalued.
Key valuation signals for OSL:VAR:
Gross Margin %: 53.79% (near median its 10-year median of 54.98)
GF Value™: kr44.63 vs. price of kr40.10 (10.2% below fair value)
Industry Position: 110% above the Oil & Gas median (#189 of 870)
No single metric tells the full story. See the OSL:VAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
81GF Score
Get the complete analysis for OSL:VAR
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
OSL:VAR has been successfully added to your 
