Okea ASAOSL:OKEA +1.54%73 Operating Margin % is 38.59% as of Mar. 2026, which is 30% above its 10-year median of 29.68. GuruFocus rates OSL:OKEA with a GF Score™ of 73/100 and a GF Value™ of kr21.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 918 Oil & Gas companies, Okea ASA ranks better than 79.63% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Okea ASA's Operating Income for the
three
months ended in Mar. 2026 was kr983 Mil. Okea ASA's Revenue for the
three
months ended in Mar. 2026 was kr2,548 Mil. Therefore, Okea ASA's Operating Margin % for the quarter that ended in Mar. 2026 was 38.59%.
Good Sign:
Okea ASA operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Okea ASA's Operating Margin % or its related term are showing as below:
OSL:OKEA'
s Operating Margin % Range Over the Past 10 Years
Min: -5770.29 Med: 29.68 Max: 61.56
Current: 24.73
OSL:OKEA's Operating Margin % is ranked better than 79.63% of 918
companies
in the Oil & Gas industry
Industry Median: 6.86
vs OSL:OKEA: 24.73
Okea ASA's 5-Year Average Operating Margin % Growth Rate was 13.50% per year.
Okea ASA's Operating Income for the
three
months ended in Mar. 2026 was kr983 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr1,911 Mil.
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.
Okea ASA Operating Margin % Related Terms
Okea ASA Operating Margin % Historical Data
* Premium members only.
The historical data trend for Okea ASA'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.
OSL:OKEA vs COP, EOG, FANG: Operating Margin % Comparison
For the Oil & Gas E&P subindustry, Okea ASA'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.
Okea ASA Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Okea ASA's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Okea ASA'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.
Okea ASA'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.
Okea ASA (OSL:OKEA) has a Operating Margin % of 38.59% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Okea ASA and its competitors. This is 30% above median its historical median of 29.68. According to the industry distribution chart, Okea ASA ranks #187 out of 918 companies in the Oil & Gas industry, placing it in the top 20.4%.
Is Okea ASA's Operating Margin % too high?
Okea ASA's current Operating Margin % of 38.59% is 30% above median its 10-year median of 29.68. The Oil & Gas industry median Operating Margin % is 6.86. Okea ASA's value of 38.59% is 462.5% above this industry median. Based on the distribution chart, Okea ASA ranks #187 out of 918 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Okea ASA has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Okea ASA's Operating Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Okea ASA ranks #187 out of 918 companies for Operating Margin %. This places Okea ASA in the top 20% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.86. Okea ASA's value of 38.59% is 462.5% above this benchmark. While the company's 10-year median is 29.68 vs. the industry median of 6.86, Okea 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 Operating Margin % for an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 6.86, based on 918 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. Okea ASA's current Operating Margin % of 38.59% is 462.5% 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 Okea ASA 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. Okea ASA's current Operating Margin % is 38.59%, which is 30% above median its own 10-year median of 29.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okea ASA stock overvalued right now?
Based on GuruFocus' analysis, Okea ASA (OSL:OKEA) is currently considered Significantly Overvalued. The stock's GF Value™ is kr21.21, compared to a current price of kr29.75 — trading 40.3% above its estimated fair value. The current Operating Margin % is 38.59%, which is 30% above median its 10-year median of 29.68 and 462.5% above the Oil & Gas industry median of 6.86. Okea ASA's overall GF Score™ is 73/100 with 2 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 Okea ASA (OSL:OKEA), the current Operating Margin % is 38.59% 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 Okea ASA (OSL:OKEA) Overvalued in 2026?
Based on GuruFocus' analysis, Okea ASA stock appears to be overvalued.
The current stock price of kr29.75 is trading 40.3% above its estimated GF Value™ of kr21.21.
GuruFocus considers Okea ASA to be Significantly Overvalued.
Key valuation signals for OSL:OKEA:
Operating Margin %: 38.59% (30% above median its 10-year median of 29.68)
GF Value™: kr21.21 vs. price of kr29.75 (40.3% above fair value)
Industry Position: 462.5% above the Oil & Gas median (#187 of 918)
No single metric tells the full story. See the OSL:OKEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Okea ASA is an oil and gas company operating on the Norwegian continental shelf. The company's asset portfolio includes fields it operates as well as interests in other producing fields and exploration licences. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. The operations of the company include Draugen Field, Gjoa Field, Ivar Aasen, and others. The company generates the majority of its revenue from the sale of crude.
73GF Score
Get the complete analysis for OSL:OKEA
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
OSL:OKEA has been successfully added to your 
