Oceana GroupJSE:OCE -0.16%79 Net Margin % is 8.69% as of Mar. 2026, which is 6% below its 10-year median of 9.22. GuruFocus rates JSE:OCE with a GF Score™ of 79/100 and a GF Value™ of R65.07 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,952 Consumer Packaged Goods companies, Oceana Group ranks better than 71% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Oceana Group's Net Income for the
six
months ended in Mar. 2026 was R424 Mil. Oceana Group's Revenue for the
six
months ended in Mar. 2026 was R4,877 Mil. Therefore, Oceana Group's net margin for the quarter that ended in Mar. 2026 was 8.69%.
The historical rank and industry rank for Oceana Group's Net Margin % or its related term are showing as below:
JSE:OCE'
s Net Margin % Range Over the Past 10 Years
Min: 6.74 Med: 9.22 Max: 13.28
Current: 7.35
JSE:OCE's Net Margin % is ranked better than 71% of 1952
companies
in the Consumer Packaged Goods industry
Industry Median: 3.495
vs JSE:OCE: 7.35
Oceana Group (JSE:OCE) 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.
Oceana Group Net Margin % Related Terms
Oceana Group Net Margin % Historical Data
* Premium members only.
The historical data trend for Oceana Group'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.
For the Packaged Foods subindustry, Oceana Group'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.
Oceana Group Net Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Oceana Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Oceana Group'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.
Oceana Group (JSE:OCE) has a Net Margin % of 8.69% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Oceana Group and its competitors. This is near median its historical median of 9.22. Over the past decade, Oceana Group's Net Margin % has ranged from 6.74 to 13.28. According to the industry distribution chart, Oceana Group ranks #566 out of 1952 companies in the Consumer Packaged Goods industry, placing it in the top 29%.
Is Oceana Group's Net Margin % too high?
Oceana Group's current Net Margin % of 8.69% is near median its 10-year median of 9.22. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 13.28. The Consumer Packaged Goods industry median Net Margin % is 3.50. Oceana Group's value of 8.69% is 148.6% above this industry median. Based on the distribution chart, Oceana Group ranks #566 out of 1952 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Oceana Group has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oceana Group's Net Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Oceana Group ranks #566 out of 1952 companies for Net Margin %. This puts Oceana Group in the upper half of its industry. The industry median Net Margin % is 3.50. Oceana Group's value of 8.69% is 148.6% above this benchmark. Historically, Oceana Group's own Net Margin % has ranged from 6.74 to 13.28 over the past decade. While the company's 10-year median is 9.22 vs. the industry median of 3.50, Oceana Group 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 a Consumer Packaged Goods company?
The median Net Margin % among Consumer Packaged Goods companies is 3.50, based on 1,952 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. Oceana Group's current Net Margin % of 8.69% is 148.6% 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 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 Oceana Group and its competitors. For the Consumer Packaged Goods industry, the median Net Margin % is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oceana Group's current Net Margin % is 8.69%, which is near median its own 10-year median of 9.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceana Group stock overvalued right now?
Based on GuruFocus' analysis, Oceana Group (JSE:OCE) is currently considered Fairly Valued. The stock's GF Value™ is R65.07, compared to a current price of R66.98 — trading 2.9% above its estimated fair value. The current Net Margin % is 8.69%, which is near median its 10-year median of 9.22 and 148.6% above the Consumer Packaged Goods industry median of 3.50. Oceana Group's overall GF Score™ is 79/100 with 10 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 Oceana Group (JSE:OCE), the current Net Margin % is 8.69% 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 Oceana Group (JSE:OCE) Overvalued in 2026?
Based on GuruFocus' analysis, Oceana Group stock appears to be overvalued.
The current stock price of R66.98 is trading 2.9% above its estimated GF Value™ of R65.07.
GuruFocus considers Oceana Group to be Fairly Valued.
Key valuation signals for JSE:OCE:
Net Margin %: 8.69% (near median its 10-year median of 9.22)
GF Value™: R65.07 vs. price of R66.98 (2.9% above fair value)
Industry Position: 148.6% above the Consumer Packaged Goods median (#566 of 1952)
No single metric tells the full story. See the JSE:OCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oceana Group Ltd is a diversified, international fish and food company engaged in the responsible catching, procuring, processing, marketing and distribution of fish and food products. Its products and services include canned fish (notably pilchards), other canned foods such as tuna, sardines and canned meats, fishmeal and fish oil for the aquaculture, animal feed and pet food industries, as well as wild-caught seafood including horse mackerel, hake, squid and lobster. The Group operates through three main segments: Lucky Star Foods, Fishmeal and Fish Oil, and Wild Caught Seafood, with the majority of its revenue generated from the Lucky Star Foods segment. Geographically, the Group operates in South Africa, Namibia, other parts of Africa, Europe, the Americas and the Far East.
79GF Score
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