Afriquia GazCAS:GAZ 81 Operating Margin % is 14.04% as of Dec. 2025, which is 3% below its 10-year median of 14.48. GuruFocus rates CAS:GAZ with a GF Score™ of 81/100 and a GF Value™ of MAD4,371.79 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 916 Oil & Gas companies, Afriquia Gaz ranks better than 64.85% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Afriquia Gaz's Operating Income for the
six
months ended in Dec. 2025 was MAD600 Mil. Afriquia Gaz's Revenue for the
six
months ended in Dec. 2025 was MAD4,273 Mil. Therefore, Afriquia Gaz's Operating Margin % for the quarter that ended in Dec. 2025 was 14.04%.
Good Sign:
Afriquia Gaz operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Afriquia Gaz's Operating Margin % or its related term are showing as below:
CAS:GAZ'
s Operating Margin % Range Over the Past 10 Years
Min: 9.25 Med: 14.48 Max: 18.47
Current: 12.99
CAS:GAZ's Operating Margin % is ranked better than 64.85% of 916
companies
in the Oil & Gas industry
Industry Median: 6.86
vs CAS:GAZ: 12.99
Afriquia Gaz's 5-Year Average Operating Margin % Growth Rate was 1.30% per year.
Afriquia Gaz's Operating Income for the
six
months ended in Dec. 2025 was MAD600 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was MAD1,168 Mil.
Afriquia Gaz (CAS:GAZ) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Afriquia Gaz Operating Margin % Related Terms
Afriquia Gaz Operating Margin % Historical Data
* Premium members only.
The historical data trend for Afriquia Gaz's Operating 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.
CAS:GAZ vs VLO, MPC, PSX: Operating Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz's Operating Margin %, along with its competitors' market caps and Operating 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.
Afriquia Gaz Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Afriquia Gaz's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Afriquia Gaz's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Afriquia Gaz's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Afriquia Gaz (CAS:GAZ) has a Operating Margin % of 14.04% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Afriquia Gaz and its competitors. This is near median its historical median of 14.48. Over the past decade, Afriquia Gaz's Operating Margin % has ranged from 9.25 to 18.47. According to the industry distribution chart, Afriquia Gaz ranks #322 out of 916 companies in the Oil & Gas industry, placing it in the top 35.2%.
Is Afriquia Gaz's Operating Margin % too high?
Afriquia Gaz's current Operating Margin % of 14.04% is near median its 10-year median of 14.48. Over the past 10 years, this metric has ranged from a low of 9.25 to a high of 18.47. The Oil & Gas industry median Operating Margin % is 6.86. Afriquia Gaz's value of 14.04% is 104.7% above this industry median. Based on the distribution chart, Afriquia Gaz ranks #322 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Afriquia Gaz has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afriquia Gaz's Operating Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Afriquia Gaz ranks #322 out of 916 companies for Operating Margin %. This puts Afriquia Gaz in the upper half of its industry. The industry median Operating Margin % is 6.86. Afriquia Gaz's value of 14.04% is 104.7% above this benchmark. Historically, Afriquia Gaz's own Operating Margin % has ranged from 9.25 to 18.47 over the past decade. While the company's 10-year median is 14.48 vs. the industry median of 6.86, Afriquia Gaz 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 Operating Margin % for an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 6.86, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afriquia Gaz's current Operating Margin % of 14.04% is 104.7% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Afriquia Gaz and its competitors. For the Oil & Gas industry, the median Operating Margin % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afriquia Gaz's current Operating Margin % is 14.04%, which is near median its own 10-year median of 14.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afriquia Gaz stock overvalued right now?
Based on GuruFocus' analysis, Afriquia Gaz (CAS:GAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD4,371.79, compared to a current price of MAD3,675.00 — trading 15.9% below its estimated fair value. The current Operating Margin % is 14.04%, which is near median its 10-year median of 14.48 and 104.7% above the Oil & Gas industry median of 6.86. Afriquia Gaz's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Afriquia Gaz (CAS:GAZ), the current Operating Margin % is 14.04% 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 Afriquia Gaz (CAS:GAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Afriquia Gaz stock appears to be undervalued.
The current stock price of MAD3,675.00 is trading 15.9% below its estimated GF Value™ of MAD4,371.79.
GuruFocus considers Afriquia Gaz to be Modestly Undervalued.
Key valuation signals for CAS:GAZ:
Operating Margin %: 14.04% (near median its 10-year median of 14.48)
GF Value™: MAD4,371.79 vs. price of MAD3,675.00 (15.9% below fair value)
Industry Position: 104.7% above the Oil & Gas median (#322 of 916)
No single metric tells the full story. See the CAS:GAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.
81GF Score
Get the complete analysis for CAS:GAZ
Operating 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
CAS:GAZ has been successfully added to your 
