Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Var Energi ASACHIX:VARO +3.05%71 Net Margin % is 14.06% as of Mar. 2026, which is 57% above its 10-year median of 8.95. GuruFocus rates CHIX:VARO with a GF Score™ of 71/100 and a GF Value™ of kr44.66 (Fairly Valued). The stock has 4 warning signs investors should review. Among 918 Oil & Gas companies, Var Energi ASA ranks better than 66.56% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Var Energi ASA's Net Income for the
three
months ended in Mar. 2026 was kr3,608 Mil. Var Energi ASA's Revenue for the
three
months ended in Mar. 2026 was kr25,667 Mil. Therefore, Var Energi ASA's net margin for the quarter that ended in Mar. 2026 was 14.06%.
The historical rank and industry rank for Var Energi ASA's Net Margin % or its related term are showing as below:
CHIX:VARo'
s Net Margin % Range Over the Past 10 Years
Min: -56.7 Med: 8.95 Max: 10.83
Current: 8.66
CHIX:VARo's Net Margin % is ranked better than 66.56% of 918
companies
in the Oil & Gas industry
Industry Median: 3.455
vs CHIX:VARo: 8.66
Var Energi ASA (CHIX:VARo) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Var Energi ASA Net Margin % Related Terms
Var Energi ASA Net Margin % Historical Data
* Premium members only.
The historical data trend for Var Energi ASA's Net 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.
CHIX:VARO vs COP, EOG, FANG: Net Margin % Comparison
For the Oil & Gas E&P subindustry, Var Energi ASA's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Var Energi ASA's Net Margin % distribution charts can be found below:
* The bar in red indicates where Var Energi ASA's Net 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.
Var Energi ASA (CHIX:VARO) has a Net Margin % of 14.06% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Var Energi ASA and its competitors. This is 57% above median its historical median of 8.95. According to the industry distribution chart, Var Energi ASA ranks #307 out of 918 companies in the Oil & Gas industry, placing it in the top 33.4%.
Is Var Energi ASA's Net Margin % too high?
Var Energi ASA's current Net Margin % of 14.06% is 57% above median its 10-year median of 8.95. The Oil & Gas industry median Net Margin % is 3.46. Var Energi ASA's value of 14.06% is 306.9% above this industry median. Based on the distribution chart, Var Energi ASA ranks #307 out of 918 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Var Energi ASA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's Net Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #307 out of 918 companies for Net Margin %. This puts Var Energi ASA in the upper half of its industry. The industry median Net Margin % is 3.46. Var Energi ASA's value of 14.06% is 306.9% above this benchmark. While the company's 10-year median is 8.95 vs. the industry median of 3.46, 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 Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.46, based on 918 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Var Energi ASA's current Net Margin % of 14.06% is 306.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Var Energi ASA and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current Net Margin % is 14.06%, which is 57% above median its own 10-year median of 8.95. 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 (CHIX:VARO) is currently considered Fairly Valued. The stock's GF Value™ is kr44.66, compared to a current price of kr44.40 — trading 0.6% below its estimated fair value. The current Net Margin % is 14.06%, which is 57% above median its 10-year median of 8.95 and 306.9% above the Oil & Gas industry median of 3.46. Var Energi ASA's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Var Energi ASA (CHIX:VARO), the current Net Margin % is 14.06% 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 (CHIX:VARO) Overvalued in 2026?
Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued.
The current stock price of kr44.40 is trading 0.6% below its estimated GF Value™ of kr44.66.
GuruFocus considers Var Energi ASA to be Fairly Valued.
Key valuation signals for CHIX:VARO:
Net Margin %: 14.06% (57% above median its 10-year median of 8.95)
GF Value™: kr44.66 vs. price of kr44.40 (0.6% below fair value)
Industry Position: 306.9% above the Oil & Gas median (#307 of 918)
No single metric tells the full story. See the CHIX:VARO 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).
71GF Score
Get the complete analysis for CHIX:VARO
Net 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
CHIX:VARO has been successfully added to your 
