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Oil and Gas Exploration and Production AD has recorded a loss in operating income at least once over the past 3 years.
Oil and Gas Exploration and Production AD (XBUL:NGAZ) 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.
Oil and Gas Exploration and Production AD Operating Margin % Related Terms
Oil and Gas Exploration and Production AD Operating 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 Operating Margin % Chart
Oil and Gas Exploration and Production AD Annual Data
XBUL:NGAZ vs COP, EOG, FANG: Operating Margin % Comparison
For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.
Oil and Gas Exploration and Production AD Operating Margin % vs Oil & Gas Industry
Oil and Gas Exploration and Production AD Operating Margin % Calculation
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.
* 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 Operating Margin % of -10.76% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Oil and Gas Exploration and Production AD and its competitors. According to the industry distribution chart, Oil and Gas Exploration and Production AD ranks #753 out of 917 companies in the Oil & Gas industry, placing it in the top 82.1%.
Is Oil and Gas Exploration and Production AD's Operating Margin % too high?
Oil and Gas Exploration and Production AD's current Operating Margin % is -10.76%. Based on the distribution chart, Oil and Gas Exploration and Production AD ranks #753 out of 917 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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 Operating Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Oil and Gas Exploration and Production AD ranks #753 out of 917 companies for Operating Margin %. This places Oil and Gas Exploration and Production AD in the lower half of its industry. The industry median Operating Margin % is 6.87. 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 6.87, based on 917 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. 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 Oil and Gas Exploration and Production AD and its competitors. For the Oil & Gas industry, the median Operating Margin % is 6.87 — 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 Operating Margin % is -10.76%. 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 Operating Margin % is -10.76%. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Oil and Gas Exploration and Production AD (XBUL:NGAZ), the current Operating Margin % is -10.76% 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:
Operating Margin %: -10.76%
GF Value™: €3.69 vs. price of €1.97 (46.6% below fair value)
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
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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