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Oil and Gas Exploration and Production AD (XBUL:NGAZ) 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
Oil and Gas Exploration and Production AD had a gross margin of 32.25% for the quarter that ended in Dec. 2025 => 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.
Oil and Gas Exploration and Production AD Gross Margin % Related Terms
Oil and Gas Exploration and Production AD Gross Margin % Historical Data
* 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.
Oil and Gas Exploration and Production AD Gross Margin % Chart
Oil and Gas Exploration and Production AD Annual Data
XBUL:NGAZ vs COP, EOG, FANG: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.
Oil and Gas Exploration and Production AD Gross Margin % vs Oil & Gas Industry
* 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.
Oil and Gas Exploration and Production AD (XBUL:NGAZ) has a Gross Margin % of 32.25% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Oil and Gas Exploration and Production AD and its competitors. This is 20% below median its historical median of 40.39. Over the past decade, Oil and Gas Exploration and Production AD's Gross Margin % has ranged from 32.25 to 48.15. According to the industry distribution chart, Oil and Gas Exploration and Production AD ranks #358 out of 869 companies in the Oil & Gas industry, placing it in the top 41.2%.
Is Oil and Gas Exploration and Production AD's Gross Margin % too high?
Oil and Gas Exploration and Production AD's current Gross Margin % of 32.25% is 20% below median its 10-year median of 40.39. Over the past 10 years, this metric has ranged from a low of 32.25 to a high of 48.15. The Oil & Gas industry median Gross Margin % is 25.78. Oil and Gas Exploration and Production AD's value of 32.25% is 25.1% above this industry median. Based on the distribution chart, Oil and Gas Exploration and Production AD ranks #358 out of 869 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Oil and Gas Exploration and Production AD has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil and Gas Exploration and Production AD's Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Oil and Gas Exploration and Production AD ranks #358 out of 869 companies for Gross Margin %. This puts Oil and Gas Exploration and Production AD in the upper half of its industry. The industry median Gross Margin % is 25.78. Oil and Gas Exploration and Production AD's value of 32.25% is 25.1% above this benchmark. Historically, Oil and Gas Exploration and Production AD's own Gross Margin % has ranged from 32.25 to 48.15 over the past decade. While the company's 10-year median is 40.39 vs. the industry median of 25.78, Oil and Gas Exploration and Production AD 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 25.78, based on 869 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. Oil and Gas Exploration and Production AD's current Gross Margin % of 32.25% is 25.1% 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 Oil and Gas Exploration and Production AD and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil and Gas Exploration and Production AD's current Gross Margin % is 32.25%, which is 20% below median its own 10-year median of 40.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil and Gas Exploration and Production AD stock overvalued right now?
Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD (XBUL:NGAZ) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.69, compared to a current price of €1.97 — trading 46.6% below its estimated fair value. The current Gross Margin % is 32.25%, which is 20% below median its 10-year median of 40.39 and 25.1% above the Oil & Gas industry median of 25.78. Oil and Gas Exploration and Production AD's overall GF Score™ is 63/100 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 Oil and Gas Exploration and Production AD (XBUL:NGAZ), the current Gross Margin % is 32.25% as of Dec. 2025. 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 Oil and Gas Exploration and Production AD (XBUL:NGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD stock appears to be undervalued.
The current stock price of €1.97 is trading 46.6% below its estimated GF Value™ of €3.69.
GuruFocus considers Oil and Gas Exploration and Production AD to be Significantly Undervalued.
Key valuation signals for XBUL:NGAZ:
Gross Margin %: 32.25% (20% below median its 10-year median of 40.39)
GF Value™: €3.69 vs. price of €1.97 (46.6% below fair value)
Industry Position: 25.1% above the Oil & Gas median (#358 of 869)
No single metric tells the full story. See the XBUL:NGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil and Gas Exploration and Production AD Business Description
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.
63GF Score
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