Focus Minerals (ASX:FML) Moat Score: 2/10 (As of Jun. 27, 2026)


ASX:FML Focus Minerals Ltd ASX:FML
59 GF Score
Price A$1.66
GF Value A$1.80
Valuation Fairly Valued
! 1 Warning Sign
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What is Focus Minerals Moat Score?

Focus Minerals ASX:FML +0.61% 59 Moat Score is 2 as of Jun. 27, 2026. GuruFocus rates ASX:FML with a GF Score™ of 59/100 and a GF Value™ of A$1.80 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,615 Metals & Mining companies, Focus Minerals ranks better than 83.25% on this metric.

Focus Minerals has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Focus Minerals has No Moat: Focus Minerals Ltd lacks significant market leadership or durable cost advantages. The company operates in a highly competitive mining industry with minimal customer switching costs and no significant intellectual property or brand strength. Regulatory barriers are standard, offering no unique protection.

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 Focus Minerals might have No Moat - Very weak/transient advantages.

Focus Minerals  (ASX:FML) 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

Focus Minerals Moat Score Related Terms

ASX:FML vs NEM, AU: Moat Score Comparison

For the Gold subindustry, Focus Minerals'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.

Focus Minerals Moat Score vs Metals & Mining Industry

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

* The bar in red indicates where Focus Minerals's Moat Score falls into.


ASX:FML
59GF Score
Focus Minerals Ltd ASX:FML
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 2 mean?
Focus Minerals (ASX:FML) has a Moat Score of 2 as of Jun. 27, 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, Focus Minerals ranks #438 out of 2615 companies in the Metals & Mining industry, placing it in the top 16.7%.
Is Focus Minerals' Moat Score too high?
Focus Minerals' current Moat Score is 2. The Metals & Mining industry median Moat Score is 1.00. Focus Minerals' value of 2 is 100% above this industry median. Based on the distribution chart, Focus Minerals ranks #438 out of 2615 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Minerals has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #438 out of 2615 companies for Moat Score. This places Focus Minerals in the top 17% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Focus Minerals' value of 2 is 100% 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 2,615 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. Focus Minerals's current Moat Score of 2 is 100% 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. Focus Minerals's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Based on GuruFocus' analysis, Focus Minerals (ASX:FML) is currently considered Fairly Valued. The stock's GF Value™ is A$1.80, compared to a current price of A$1.66 — trading 7.8% below its estimated fair value. The current Moat Score is 2 and 100% above the Metals & Mining industry median of 1.00. Focus Minerals' overall GF Score™ is 59/100 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 Focus Minerals (ASX:FML), the current Moat Score is 2 as of Jun. 27, 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 Focus Minerals (ASX:FML) Overvalued in 2026?

Based on GuruFocus' analysis, Focus Minerals stock appears to be undervalued. The current stock price of A$1.66 is trading 7.8% below its estimated GF Value™ of A$1.80. GuruFocus considers Focus Minerals to be Fairly Valued.

Key valuation signals for ASX:FML:

  • Moat Score: 2
  • GF Value™: A$1.80 vs. price of A$1.66 (7.8% below fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 100% above the Metals & Mining median (#438 of 2615)

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

Focus Minerals Business Description

Other Exchanges FCSUF:USAFZA:Germany
Address 8 Street Georges Terrace, Level 5, Perth, WA, AUS, 6000
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
59GF Score

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

A$1.66
Price
A$1.80
GF Value