Waratah Minerals (ASX:WTM) Moat Score: 2/10 (As of Jun. 29, 2026)


ASX:WTM Waratah Minerals Ltd ASX:WTM
37 GF Score
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! 1 Warning Sign
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What is Waratah Minerals Moat Score?

Waratah Minerals ASX:WTM +3.06% 37 Moat Score is 2 as of Jun. 29, 2026. GuruFocus rates ASX:WTM with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 2,612 Metals & Mining companies, Waratah Minerals ranks better than 83.23% on this metric.

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

Waratah Minerals has No Moat: Waratah Minerals Ltd lacks discernible competitive advantages. The company operates in a commodity-driven industry with minimal differentiation, no significant intellectual property, and no strong brand presence.

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

Waratah Minerals  (ASX:WTM) 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

Waratah Minerals Moat Score Related Terms

Waratah Minerals Moat Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Waratah 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.

Waratah Minerals Moat Score vs Metals & Mining Industry

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

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


ASX:WTM
37GF Score
Waratah Minerals Ltd ASX:WTM
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?
Waratah Minerals (ASX:WTM) has a Moat Score of 2 as of Jun. 29, 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, Waratah Minerals ranks #438 out of 2612 companies in the Metals & Mining industry, placing it in the top 16.8%.
Is Waratah Minerals' Moat Score too high?
Waratah Minerals' current Moat Score is 2. The Metals & Mining industry median Moat Score is 1.00. Waratah Minerals' value of 2 is 100% above this industry median. Based on the distribution chart, Waratah Minerals ranks #438 out of 2612 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Waratah Minerals has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Waratah Minerals' Moat Score compare to competitors?
According to the Metals & Mining industry distribution chart, Waratah Minerals ranks #438 out of 2612 companies for Moat Score. This places Waratah Minerals in the top 17% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Waratah 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 2,612 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. Waratah 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. Waratah 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 Waratah Minerals stock overvalued right now?
Waratah Minerals (ASX:WTM) has a current Moat Score of 2. The current Moat Score is 2 and 100% above the Metals & Mining industry median of 1.00. Waratah Minerals' overall GF Score™ is 37/100 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 Waratah Minerals (ASX:WTM), the current Moat Score is 2 as of Jun. 29, 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.

Waratah Minerals Business Description

Other Exchanges BTRYF:USA0FS0:Germany
Address 72 Kings Park Road, Unit 1, Ground Floor, West Perth, WA, AUS, 6005
Waratah Minerals Ltd is a diversified minerals exploration company focused on discovering and developing mineral deposits. The Group operates in a single business and geographical segment, concentrating on mineral exploration in Australia. Its key projects include the Spur Project in western New South Wales and the Stavely-Stawell Copper-Gold Project.
37GF Score

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