AF Gruppen ASA (STU:AF8) Gross Margin %: 35.32% (As of Mar. 2026) — Near Median


STU:AF8 AF Gruppen ASA STU:AF8
75 GF Score
Price €16.94
GF Value €13.87
Valuation Modestly Overvalued
! 3 Warning Signs
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What is AF Gruppen ASA Gross Margin %?

AF Gruppen ASA STU:AF8 -1.05% 75 Gross Margin % is 35.32% as of Mar. 2026, which is 8% above its 10-year median of 32.64. GuruFocus rates STU:AF8 with a GF Score™ of 75/100 and a GF Value™ of €13.87 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,723 Construction companies, AF Gruppen ASA ranks better than 76.03% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. AF Gruppen ASA's Gross Profit for the three months ended in Mar. 2026 was €252 Mil. AF Gruppen ASA's Revenue for the three months ended in Mar. 2026 was €714 Mil. Therefore, AF Gruppen ASA's Gross Margin % for the quarter that ended in Mar. 2026 was 35.32%.


The historical rank and industry rank for AF Gruppen ASA's Gross Margin % or its related term are showing as below:

STU:AF8' s Gross Margin % Range Over the Past 10 Years
Min: 29.29   Med: 32.64   Max: 41.01
Current: 34.9


During the past 13 years, the highest Gross Margin % of AF Gruppen ASA was 41.01%. The lowest was 29.29%. And the median was 32.64%.

STU:AF8's Gross Margin % is ranked better than
76.03% of 1723 companies
in the Construction industry
Industry Median: 20.7 vs STU:AF8: 34.90

AF Gruppen ASA had a gross margin of 35.32% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for AF Gruppen ASA was 2.40% per year.


AF Gruppen ASA  (STU:AF8) 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

AF Gruppen ASA had a gross margin of 35.32% for the quarter that ended in Mar. 2026 => Competition eroding margins


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.


AF Gruppen ASA Gross Margin % Related Terms


AF Gruppen ASA Gross Margin % Historical Data

* Premium members only.

The historical data trend for AF Gruppen 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.

AF Gruppen ASA Gross Margin % Chart

AF Gruppen ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.27 29.29 30.67 32.72 34.71

AF Gruppen ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.66 33.03 31.92 38.62 35.32

STU:AF8 vs PWR, FIX, EME: Gross Margin % Comparison

For the Engineering & Construction subindustry, AF Gruppen 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.


AF Gruppen ASA Gross Margin % vs Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Gross Margin % distribution charts can be found below:

* The bar in red indicates where AF Gruppen ASA's Gross Margin % falls into.


STU:AF8
75GF Score
AF Gruppen ASA STU:AF8
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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AF Gruppen ASA Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

AF Gruppen ASA's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=934.8 / 2692.911
=(Revenue - Cost of Goods Sold) / Revenue
=(2692.911 - 1758.124) / 2692.911
=34.71 %

AF Gruppen ASA's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=252.4 / 714.49
=(Revenue - Cost of Goods Sold) / Revenue
=(714.49 - 462.117) / 714.49
=35.32 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 35.32% mean?
AF Gruppen ASA (STU:AF8) has a Gross Margin % of 35.32% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on AF Gruppen ASA and its competitors. This is near median its historical median of 32.64. Over the past decade, AF Gruppen ASA's Gross Margin % has ranged from 29.29 to 41.01. According to the industry distribution chart, AF Gruppen ASA ranks #413 out of 1723 companies in the Construction industry, placing it in the top 24%.
Is AF Gruppen ASA's Gross Margin % too high?
AF Gruppen ASA's current Gross Margin % of 35.32% is near median its 10-year median of 32.64. Over the past 10 years, this metric has ranged from a low of 29.29 to a high of 41.01. The Construction industry median Gross Margin % is 20.70. AF Gruppen ASA's value of 35.32% is 70.6% above this industry median. Based on the distribution chart, AF Gruppen ASA ranks #413 out of 1723 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, AF Gruppen ASA has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AF Gruppen ASA's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, AF Gruppen ASA ranks #413 out of 1723 companies for Gross Margin %. This places AF Gruppen ASA in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.70. AF Gruppen ASA's value of 35.32% is 70.6% above this benchmark. Historically, AF Gruppen ASA's own Gross Margin % has ranged from 29.29 to 41.01 over the past decade. While the company's 10-year median is 32.64 vs. the industry median of 20.70, AF Gruppen 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 a Construction company?
The median Gross Margin % among Construction companies is 20.70, based on 1,723 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. AF Gruppen ASA's current Gross Margin % of 35.32% is 70.6% 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 AF Gruppen ASA and its competitors. For the Construction industry, the median Gross Margin % is 20.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AF Gruppen ASA's current Gross Margin % is 35.32%, which is near median its own 10-year median of 32.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Gruppen ASA stock overvalued right now?
Based on GuruFocus' analysis, AF Gruppen ASA (STU:AF8) is currently considered Modestly Overvalued. The stock's GF Value™ is €13.87, compared to a current price of €16.94 — trading 22.1% above its estimated fair value. The current Gross Margin % is 35.32%, which is near median its 10-year median of 32.64 and 70.6% above the Construction industry median of 20.70. AF Gruppen ASA's overall GF Score™ is 75/100 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 AF Gruppen ASA (STU:AF8), the current Gross Margin % is 35.32% 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 AF Gruppen ASA (STU:AF8) Overvalued in 2026?

Based on GuruFocus' analysis, AF Gruppen ASA stock appears to be overvalued. The current stock price of €16.94 is trading 22.1% above its estimated GF Value™ of €13.87. GuruFocus considers AF Gruppen ASA to be Modestly Overvalued.

Key valuation signals for STU:AF8:

  • Gross Margin %: 35.32% (near median its 10-year median of 32.64)
  • GF Value™: €13.87 vs. price of €16.94 (22.1% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 70.6% above the Construction median (#413 of 1723)

No single metric tells the full story. See the STU:AF8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AF Gruppen ASA Business Description

Address Innspurten 15, P.O. box 6272, Oslo, NOR, 0603
AF Gruppen ASA A is one of Norway's contracting and industrial groups. The company provides services in areas of civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants.
75GF Score

Get the complete analysis for STU:AF8

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.94
Price
€13.87
GF Value