Var Energi ASA (OSL:VAR) Pretax Margin %: 52.87% (As of Mar. 2026) — 18% Above Median


OSL:VAR Var Energi ASA OSL:VAR
81 GF Score
Price kr40.10
GF Value kr44.63
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Var Energi ASA Pretax Margin %?

Var Energi ASA OSL:VAR -2.65% 81 Pretax Margin % is 52.87% as of Mar. 2026, which is 18% above its 10-year median of 44.94. GuruFocus rates OSL:VAR with a GF Score™ of 81/100 and a GF Value™ of kr44.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 919 Oil & Gas companies, Var Energi ASA ranks better than 94.02% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Var Energi ASA's Pre-Tax Income for the three months ended in Mar. 2026 was kr13,569 Mil. Var Energi ASA's Revenue for the three months ended in Mar. 2026 was kr25,667 Mil. Therefore, Var Energi ASA's pretax margin for the quarter that ended in Mar. 2026 was 52.87%.

The historical rank and industry rank for Var Energi ASA's Pretax Margin % or its related term are showing as below:

OSL:VAR' s Pretax Margin % Range Over the Past 10 Years
Min: -76.83   Med: 44.94   Max: 59.87
Current: 50.39


OSL:VAR's Pretax Margin % is ranked better than
94.02% of 919 companies
in the Oil & Gas industry
Industry Median: 5.15 vs OSL:VAR: 50.39

Var Energi ASA  (OSL:VAR) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Var Energi ASA Pretax Margin % Related Terms


Var Energi ASA Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Var Energi ASA's Pretax 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.

Var Energi ASA Pretax Margin % Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial 43.79 59.87 49.25 44.94 54.06

Var Energi ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.75 67.54 47.53 35.99 52.87

OSL:VAR vs COP, EOG, FANG: Pretax Margin % Comparison

For the Oil & Gas E&P subindustry, Var Energi ASA's Pretax Margin %, along with its competitors' market caps and Pretax 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.


Var Energi ASA Pretax Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Var Energi ASA's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Var Energi ASA's Pretax Margin % falls into.


OSL:VAR
81GF Score
Var Energi ASA OSL:VAR
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Var Energi ASA Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Var Energi ASA's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=43525.365/80507.523
=54.06 %

Var Energi ASA's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=13569.367/25666.764
=52.87 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 52.87% mean?
Var Energi ASA (OSL:VAR) has a Pretax Margin % of 52.87% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Var Energi ASA and its competitors. This is 18% above median its historical median of 44.94. According to the industry distribution chart, Var Energi ASA ranks #55 out of 919 companies in the Oil & Gas industry, placing it in the top 6%.
Is Var Energi ASA's Pretax Margin % too high?
Var Energi ASA's current Pretax Margin % of 52.87% is 18% above median its 10-year median of 44.94. The Oil & Gas industry median Pretax Margin % is 5.15. Var Energi ASA's value of 52.87% is 926.6% above this industry median. Based on the distribution chart, Var Energi ASA ranks #55 out of 919 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Var Energi ASA has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's Pretax Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #55 out of 919 companies for Pretax Margin %. This places Var Energi ASA in the top 6% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.15. Var Energi ASA's value of 52.87% is 926.6% above this benchmark. While the company's 10-year median is 44.94 vs. the industry median of 5.15, Var Energi 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.15, based on 919 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Var Energi ASA's current Pretax Margin % of 52.87% is 926.6% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Var Energi ASA and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current Pretax Margin % is 52.87%, which is 18% above median its own 10-year median of 44.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (OSL:VAR) is currently considered Modestly Undervalued. The stock's GF Value™ is kr44.63, compared to a current price of kr40.10 — trading 10.2% below its estimated fair value. The current Pretax Margin % is 52.87%, which is 18% above median its 10-year median of 44.94 and 926.6% above the Oil & Gas industry median of 5.15. Var Energi ASA's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Var Energi ASA (OSL:VAR), the current Pretax Margin % is 52.87% 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 Var Energi ASA (OSL:VAR) Overvalued in 2026?

Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued. The current stock price of kr40.10 is trading 10.2% below its estimated GF Value™ of kr44.63. GuruFocus considers Var Energi ASA to be Modestly Undervalued.

Key valuation signals for OSL:VAR:

  • Pretax Margin %: 52.87% (18% above median its 10-year median of 44.94)
  • GF Value™: kr44.63 vs. price of kr40.10 (10.2% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 926.6% above the Oil & Gas median (#55 of 919)

No single metric tells the full story. See the OSL:VAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Var Energi ASA Business Description

Industry EnergyOil & Gas
Address Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
81GF Score

Get the complete analysis for OSL:VAR

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr40.10
Price
kr44.63
GF Value