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.
XBUL:NGAZ'
s Net Margin % Range Over the Past 10 Years
Min: 1.89 Med: 6.41 Max: 11.17
Current: 1.89
XBUL:NGAZ's Net Margin % is ranked worse than 58.06% of 918
companies
in the Oil & Gas industry
Industry Median: 3.48
vs XBUL:NGAZ: 1.89
Oil and Gas Exploration and Production AD (XBUL:NGAZ) 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.
Oil and Gas Exploration and Production AD Net Margin % Related Terms
Oil and Gas Exploration and Production AD Net 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 Net Margin % Chart
Oil and Gas Exploration and Production AD Annual Data
XBUL:NGAZ vs COP, EOG, FANG: Net Margin % Comparison
For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.
Oil and Gas Exploration and Production AD Net 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.
Oil and Gas Exploration and Production AD (XBUL:NGAZ) has a Net Margin % of 1.89% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Oil and Gas Exploration and Production AD and its competitors. This is 71% below median its historical median of 6.41. Over the past decade, Oil and Gas Exploration and Production AD's Net Margin % has ranged from 1.89 to 11.17. According to the industry distribution chart, Oil and Gas Exploration and Production AD ranks #533 out of 918 companies in the Oil & Gas industry, placing it in the top 58.1%.
Is Oil and Gas Exploration and Production AD's Net Margin % too high?
Oil and Gas Exploration and Production AD's current Net Margin % of 1.89% is 71% below median its 10-year median of 6.41. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 11.17. The Oil & Gas industry median Net Margin % is 3.48. Oil and Gas Exploration and Production AD's value of 1.89% is 45.7% below this industry median. Based on the distribution chart, Oil and Gas Exploration and Production AD ranks #533 out of 918 companies in the Oil & Gas industry, which is below 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 Net Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Oil and Gas Exploration and Production AD ranks #533 out of 918 companies for Net Margin %. This places Oil and Gas Exploration and Production AD in the lower half of its industry. The industry median Net Margin % is 3.48. Oil and Gas Exploration and Production AD's value of 1.89% is 45.7% below this benchmark. Historically, Oil and Gas Exploration and Production AD's own Net Margin % has ranged from 1.89 to 11.17 over the past decade. While the company's 10-year median is 6.41 vs. the industry median of 3.48, Oil and Gas Exploration and Production AD has consistently been below 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 3.48, 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. Oil and Gas Exploration and Production AD's current Net Margin % of 1.89% is 45.7% below 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 Oil and Gas Exploration and Production AD and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.48 — 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 Net Margin % is 1.89%, which is 71% below median its own 10-year median of 6.41. 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 Net Margin % is 1.89%, which is 71% below median its 10-year median of 6.41 and 45.7% below the Oil & Gas industry median of 3.48. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Oil and Gas Exploration and Production AD (XBUL:NGAZ), the current Net Margin % is 1.89% 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:
Net Margin %: 1.89% (71% below median its 10-year median of 6.41)
GF Value™: €3.69 vs. price of €1.97 (46.6% below fair value)
Industry Position: 45.7% below the Oil & Gas median (#533 of 918)
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
Get the complete analysis for XBUL:NGAZ
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
XBUL:NGAZ has been successfully added to your 
