CAN (Canaan) Moat Score: 4/10 (As of Jun. 26, 2026)


CAN Canaan Inc CAN
39 GF Score
Price $0.30
GF Value $0.71
Valuation Possible Value Trap
! 2 Warning Signs
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What is Canaan Moat Score?

Canaan CAN -7.35% 39 Moat Score is 4 as of Jun. 26, 2026. GuruFocus rates CAN with a GF Score™ of 39/100 and a GF Value™ of $0.71 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,469 Hardware companies, Canaan ranks better than 94.65% on this metric.

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

Canaan has Narrow Moat: Canaan Inc has a discernible position in the cryptocurrency mining hardware market with proprietary technology. However, it faces significant competition and lacks strong brand strength or regulatory barriers for a wider moat.

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 Canaan might have Narrow Moat - Discernible but modest moat.

Canaan  (NAS:CAN) 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

Canaan Moat Score Related Terms

CAN vs BGIN, NNDM, OSS: Moat Score Comparison

For the Computer Hardware subindustry, Canaan'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.

Canaan Moat Score vs Hardware Industry

For the Hardware industry and Technology sector, Canaan's Moat Score distribution charts can be found below:

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


CAN
39GF Score
Canaan Inc CAN
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?
Canaan (CAN) has a Moat Score of 4 as of Jun. 26, 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, Canaan ranks #132 out of 2469 companies in the Hardware industry, placing it in the top 5.3%.
Is Canaan's Moat Score too high?
Canaan's current Moat Score is 4. Based on the distribution chart, Canaan ranks #132 out of 2469 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Canaan has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Canaan's Moat Score compare to BGIN and NNDM?
According to the Hardware industry distribution chart, Canaan ranks #132 out of 2469 companies for Moat Score. This places Canaan in the top 5% of its industry — outperforming the majority of peers. 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 Hardware company?
A good Moat Score depends on the Hardware industry context. However, Moat Score 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 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. Canaan'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 Canaan stock overvalued right now?
Based on GuruFocus' analysis, Canaan (CAN) is currently considered Possible Value Trap. The stock's GF Value™ is $0.71, compared to a current price of $0.30 — trading 57.7% below its estimated fair value. The current Moat Score is 4. Canaan's overall GF Score™ is 39/100 with 2 warning signs 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 Canaan (CAN), the current Moat Score is 4 as of Jun. 26, 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 Canaan (CAN) Overvalued in 2026?

Based on GuruFocus' analysis, Canaan stock appears to be undervalued. The current stock price of $0.30 is trading 57.7% below its estimated GF Value™ of $0.71. GuruFocus considers Canaan to be Possible Value Trap.

Key valuation signals for CAN:

  • Moat Score: 4
  • GF Value™: $0.71 vs. price of $0.30 (57.7% below fair value)
  • GF Score™: 39/100 with 2 warning signs

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

Canaan Business Description

Other Exchanges CAN:Mexico35J:Germany
Address 28 Ayer Rajah Crescent, No. 06-08, Singapore, SGP, S139959
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.
39GF Score

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

$0.30
Price
$0.71
GF Value