Evolution Mining (ASX:EVN) Moat Score: 4/10 (As of Jul. 01, 2026)


ASX:EVN Evolution Mining Ltd ASX:EVN
93 GF Score
Price A$11.56
GF Value A$8.31
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Evolution Mining Moat Score?

Evolution Mining ASX:EVN -1.62% 93 Moat Score is 4 as of Jul. 01, 2026. GuruFocus rates ASX:EVN with a GF Score™ of 93/100 and a GF Value™ of A$8.31 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,611 Metals & Mining companies, Evolution Mining ranks better than 97.13% on this metric.

Evolution Mining has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Evolution Mining has Narrow Moat: Evolution Mining has a modest moat due to its market leadership in gold mining in Australia. It benefits from economies of scale and some cost advantages. However, it lacks significant customer switching costs and strong brand loyalty, limiting its moat to a narrow category.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Evolution Mining might have Narrow Moat - Discernible but modest moat.

Evolution Mining  (ASX:EVN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Evolution Mining Moat Score Related Terms

ASX:EVN vs NEM, AU: Moat Score Comparison

For the Gold subindustry, Evolution Mining's Moat Score, along with its competitors' market caps and Moat Score 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.

Evolution Mining Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Evolution Mining's Moat Score distribution charts can be found below:

* The bar in red indicates where Evolution Mining's Moat Score falls into.


ASX:EVN
93GF Score
Evolution Mining Ltd ASX:EVN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Evolution Mining (ASX:EVN) has a Moat Score of 4 as of Jul. 01, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Evolution Mining ranks #75 out of 2611 companies in the Metals & Mining industry, placing it in the top 2.9%.
Is Evolution Mining's Moat Score too high?
Evolution Mining's current Moat Score is 4. The Metals & Mining industry median Moat Score is 1.00. Evolution Mining's value of 4 is 300% above this industry median. Based on the distribution chart, Evolution Mining ranks #75 out of 2611 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Evolution Mining has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Evolution Mining ranks #75 out of 2611 companies for Moat Score. This places Evolution Mining in the top 3% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Evolution Mining's value of 4 is 300% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,611 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Evolution Mining's current Moat Score of 4 is 300% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution Mining's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.31, compared to a current price of A$11.56 — trading 39.1% above its estimated fair value. The current Moat Score is 4 and 300% above the Metals & Mining industry median of 1.00. Evolution Mining's overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Evolution Mining (ASX:EVN), the current Moat Score is 4 as of Jul. 01, 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 Evolution Mining (ASX:EVN) Overvalued in 2026?

Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued. The current stock price of A$11.56 is trading 39.1% above its estimated GF Value™ of A$8.31. GuruFocus considers Evolution Mining to be Significantly Overvalued.

Key valuation signals for ASX:EVN:

  • Moat Score: 4
  • GF Value™: A$8.31 vs. price of A$11.56 (39.1% above fair value)
  • GF Score™: 93/100 with 1 warning sign
  • Industry Position: 300% above the Metals & Mining median (#75 of 2611)

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

Evolution Mining Business Description

Address 175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
93GF Score

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

A$11.56
Price
A$8.31
GF Value