PBF EnergyPBF -0.86%64 Operating Margin % is 2.34% as of Mar. 2026, which is 3% below its 10-year median of 2.41. GuruFocus rates PBF with a GF Score™ of 64/100 and a GF Value™ of $33.68 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 916 Oil & Gas companies, PBF Energy ranks worse than 74.45% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. PBF Energy's Operating Income for the
three
months ended in Mar. 2026 was $185 Mil. PBF Energy's Revenue for the
three
months ended in Mar. 2026 was $7,904 Mil. Therefore, PBF Energy's Operating Margin % for the quarter that ended in Mar. 2026 was 2.34%.
The historical rank and industry rank for PBF Energy's Operating Margin % or its related term are showing as below:
PBF'
s Operating Margin % Range Over the Past 10 Years
Min: -12.5 Med: 2.41 Max: 8.97
Current: -0.79
PBF's Operating Margin % is ranked worse than 74.45% of 916
companies
in the Oil & Gas industry
Industry Median: 6.86
vs PBF: -0.79
PBF Energy's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
PBF Energy's Operating Income for the
three
months ended in Mar. 2026 was $185 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-238 Mil.
PBF Energy (NYSE:PBF) 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.
PBF Energy Operating Margin % Related Terms
PBF Energy Operating Margin % Historical Data
* Premium members only.
The historical data trend for PBF Energy'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.
PBF vs IEP, CVI, PARR: Operating Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, PBF Energy'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.
PBF Energy Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PBF Energy's Operating Margin % distribution charts can be found below:
* The bar in red indicates where PBF Energy'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.
PBF Energy'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.
PBF Energy (PBF) has a Operating Margin % of 2.34% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PBF Energy and its competitors. This is near median its historical median of 2.41. According to the industry distribution chart, PBF Energy ranks #682 out of 916 companies in the Oil & Gas industry, placing it in the top 74.5%.
Is PBF Energy's Operating Margin % too high?
PBF Energy's current Operating Margin % of 2.34% is near median its 10-year median of 2.41. The Oil & Gas industry median Operating Margin % is 6.86. PBF Energy's value of 2.34% is 65.9% below this industry median. Based on the distribution chart, PBF Energy ranks #682 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, PBF Energy has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PBF Energy's Operating Margin % compare to IEP and CVI?
According to the Oil & Gas industry distribution chart, PBF Energy ranks #682 out of 916 companies for Operating Margin %. This places PBF Energy in the lower half of its industry. The industry median Operating Margin % is 6.86. PBF Energy's value of 2.34% is 65.9% below this benchmark. While the company's 10-year median is 2.41 vs. the industry median of 6.86, PBF Energy 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 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. PBF Energy's current Operating Margin % of 2.34% is 65.9% 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 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 PBF Energy 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. PBF Energy's current Operating Margin % is 2.34%, which is near median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBF Energy stock overvalued right now?
Based on GuruFocus' analysis, PBF Energy (PBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $33.68, compared to a current price of $40.34 — trading 19.8% above its estimated fair value. The current Operating Margin % is 2.34%, which is near median its 10-year median of 2.41 and 65.9% below the Oil & Gas industry median of 6.86. PBF Energy's overall GF Score™ is 64/100 with 3 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 PBF Energy (PBF), the current Operating Margin % is 2.34% 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 PBF Energy (PBF) Overvalued in 2026?
Based on GuruFocus' analysis, PBF Energy stock appears to be overvalued.
The current stock price of $40.34 is trading 19.8% above its estimated GF Value™ of $33.68.
GuruFocus considers PBF Energy to be Modestly Overvalued.
Key valuation signals for PBF:
Operating Margin %: 2.34% (near median its 10-year median of 2.41)
GF Value™: $33.68 vs. price of $40.34 (19.8% above fair value)
Industry Position: 65.9% below the Oil & Gas median (#682 of 916)
No single metric tells the full story. See the PBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines, and storage facilities. The Logistics segment consists solely of PBFX's operations.
64GF Score
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