Net margin is calculated as Net Income divided by its Revenue. Tenaz Energy's Net Income for the
three
months ended in Mar. 2026 was C$-111.1 Mil. Tenaz Energy's Revenue for the
three
months ended in Mar. 2026 was C$133.3 Mil. Therefore, Tenaz Energy's net margin for the quarter that ended in Mar. 2026 was -83.34%.
The historical rank and industry rank for Tenaz Energy's Net Margin % or its related term are showing as below:
TSX:TNZ'
s Net Margin % Range Over the Past 10 Years
Min: -220.48 Med: 11.98 Max: 108.44
Current: 51.6
TSX:TNZ's Net Margin % is ranked better than 95.77% of 921
companies
in the Oil & Gas industry
Industry Median: 3.45
vs TSX:TNZ: 51.60
Tenaz Energy (TSX:TNZ) 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.
Tenaz Energy Net Margin % Related Terms
Tenaz Energy Net Margin % Historical Data
* Premium members only.
The historical data trend for Tenaz Energy'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 Oil & Gas E&P subindustry, Tenaz Energy'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.
Tenaz Energy Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaz Energy's Net Margin % distribution charts can be found below:
* The bar in red indicates where Tenaz Energy'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.
Tenaz Energy (TSX:TNZ) has a Net Margin % of -83.34% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Tenaz Energy and its competitors. According to the industry distribution chart, Tenaz Energy ranks #39 out of 921 companies in the Oil & Gas industry, placing it in the top 4.2%.
Is Tenaz Energy's Net Margin % too high?
Tenaz Energy's current Net Margin % is -83.34%. Based on the distribution chart, Tenaz Energy ranks #39 out of 921 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Tenaz Energy has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenaz Energy's Net Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tenaz Energy ranks #39 out of 921 companies for Net Margin %. This places Tenaz Energy in the top 4% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.45. 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 3.45, based on 921 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. 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 Tenaz Energy and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaz Energy's current Net Margin % is -83.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Tenaz Energy (TSX:TNZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$63.57, compared to a current price of C$46.20 — trading 27.3% below its estimated fair value. The current Net Margin % is -83.34%. Tenaz Energy's overall GF Score™ is 85/100 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 Tenaz Energy (TSX:TNZ), the current Net Margin % is -83.34% 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 Tenaz Energy (TSX:TNZ) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaz Energy stock appears to be undervalued.
The current stock price of C$46.20 is trading 27.3% below its estimated GF Value™ of C$63.57.
GuruFocus considers Tenaz Energy to be Modestly Undervalued.
Key valuation signals for TSX:TNZ:
Net Margin %: -83.34%
GF Value™: C$63.57 vs. price of C$46.20 (27.3% below fair value)
No single metric tells the full story. See the TSX:TNZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaz Energy Corp is an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. Tenaz has domestic operations in Canada along with offshore natural gas and midstream assets in the Netherlands. The group produces crude oil and natural gas from several formations within the Mannville Group at Leduc-Woodbend in central Alberta. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.
85GF Score
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