FMFG (Farmers and Merchants Bancshares (MD)) Moat Score: 4/10 (As of Jul. 01, 2026)


FMFG Farmers and Merchants Bancshares Inc (MD) FMFG
61 GF Score
Price $19.00
GF Value $18.78
Valuation Fairly Valued
! 4 Warning Signs
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What is Farmers and Merchants Bancshares (MD) Moat Score?

Farmers and Merchants Bancshares (MD) FMFG 61 Moat Score is 4 as of Jul. 01, 2026. GuruFocus rates FMFG with a GF Score™ of 61/100 and a GF Value™ of $18.78 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,611 Banks companies, Farmers and Merchants Bancshares (MD) ranks better than 86.22% on this metric.

Farmers and Merchants Bancshares (MD) has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Farmers and Merchants Bancshares (MD) has Narrow Moat: FMFG has a modest moat due to its local market presence and customer relationships. However, it lacks significant economies of scale or regulatory barriers that would strengthen its competitive position further.

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 Farmers and Merchants Bancshares (MD) might have Narrow Moat - Discernible but modest moat.

Farmers and Merchants Bancshares (MD)  (OTCPK:FMFG) 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

Farmers and Merchants Bancshares (MD) Moat Score Related Terms

FMFG vs BAOB, CEFC, BBBK: Moat Score Comparison

For the Banks - Regional subindustry, Farmers and Merchants Bancshares (MD)'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.

Farmers and Merchants Bancshares (MD) Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares (MD)'s Moat Score distribution charts can be found below:

* The bar in red indicates where Farmers and Merchants Bancshares (MD)'s Moat Score falls into.


FMFG
61GF Score
Farmers and Merchants Bancshares Inc (MD) FMFG
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?
Farmers and Merchants Bancshares (MD) (FMFG) 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, Farmers and Merchants Bancshares (MD) ranks #222 out of 1611 companies in the Banks industry, placing it in the top 13.8%.
Is Farmers and Merchants Bancshares (MD)'s Moat Score too high?
Farmers and Merchants Bancshares (MD)'s current Moat Score is 4. Based on the distribution chart, Farmers and Merchants Bancshares (MD) ranks #222 out of 1611 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Farmers and Merchants Bancshares (MD) has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Farmers and Merchants Bancshares (MD)'s Moat Score compare to BAOB and CEFC?
According to the Banks industry distribution chart, Farmers and Merchants Bancshares (MD) ranks #222 out of 1611 companies for Moat Score. This places Farmers and Merchants Bancshares (MD) in the top 14% 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 Banks company?
A good Moat Score depends on the Banks 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. Farmers and Merchants Bancshares (MD)'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 Farmers and Merchants Bancshares (MD) stock overvalued right now?
Based on GuruFocus' analysis, Farmers and Merchants Bancshares (MD) (FMFG) is currently considered Fairly Valued. The stock's GF Value™ is $18.78, compared to a current price of $19.00 — trading 1.2% above its estimated fair value. The current Moat Score is 4. Farmers and Merchants Bancshares (MD)'s overall GF Score™ is 61/100 with 4 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 Farmers and Merchants Bancshares (MD) (FMFG), 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 Farmers and Merchants Bancshares (MD) (FMFG) Overvalued in 2026?

Based on GuruFocus' analysis, Farmers and Merchants Bancshares (MD) stock appears to be overvalued. The current stock price of $19.00 is trading 1.2% above its estimated GF Value™ of $18.78. GuruFocus considers Farmers and Merchants Bancshares (MD) to be Fairly Valued.

Key valuation signals for FMFG:

  • Moat Score: 4
  • GF Value™: $18.78 vs. price of $19.00 (1.2% above fair value)
  • GF Score™: 61/100 with 4 warning signs

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

Farmers and Merchants Bancshares (MD) Business Description

Address 4510 Lower Beckleysville Road, Suite H, Hampstead, MD, USA, 21074
Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland, and surrounding areas of northern Maryland. It provides Personal, Business, and Electronic banking services.
61GF Score

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

$19.00
Price
$18.78
GF Value