FPI (Farmland Partners) Moat Score: 6/10 (As of Jun. 28, 2026)


FPI Farmland Partners Inc FPI
71 GF Score
Price $9.91
GF Value $10.91
Valuation Fairly Valued
! 5 Warning Signs
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What is Farmland Partners Moat Score?

Farmland Partners FPI +3.23% 71 Moat Score is 6 as of Jun. 28, 2026. GuruFocus rates FPI with a GF Score™ of 71/100 and a GF Value™ of $10.91 (Fairly Valued). The stock has 5 warning signs investors should review. Among 990 REITs companies, Farmland Partners ranks better than 98.48% on this metric.

Farmland Partners has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Farmland Partners has Narrow Moat: Farmland Partners Inc has a strong narrow moat due to its extensive land holdings and economies of scale in the agricultural sector. It benefits from some pricing power and regulatory barriers, but lacks significant brand strength or customer loyalty.

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 Farmland Partners might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Farmland Partners  (NYSE:FPI) 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

Farmland Partners Moat Score Related Terms

FPI vs LAND, NLCP, SELF: Moat Score Comparison

For the REIT - Specialty subindustry, Farmland Partners'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.

Farmland Partners Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, Farmland Partners's Moat Score distribution charts can be found below:

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


FPI
71GF Score
Farmland Partners Inc FPI
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 6 mean?
Farmland Partners (FPI) has a Moat Score of 6 as of Jun. 28, 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, Farmland Partners ranks #15 out of 990 companies in the REITs industry, placing it in the top 1.5%.
Is Farmland Partners' Moat Score too high?
Farmland Partners' current Moat Score is 6. Based on the distribution chart, Farmland Partners ranks #15 out of 990 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Farmland Partners has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' Moat Score compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #15 out of 990 companies for Moat Score. This places Farmland Partners in the top 2% 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 REITs company?
A good Moat Score depends on the REITs 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. Farmland Partners's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmland Partners stock overvalued right now?
Based on GuruFocus' analysis, Farmland Partners (FPI) is currently considered Fairly Valued. The stock's GF Value™ is $10.91, compared to a current price of $9.91 — trading 9.2% below its estimated fair value. The current Moat Score is 6. Farmland Partners' overall GF Score™ is 71/100 with 5 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 Farmland Partners (FPI), the current Moat Score is 6 as of Jun. 28, 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 Farmland Partners (FPI) Overvalued in 2026?

Based on GuruFocus' analysis, Farmland Partners stock appears to be undervalued. The current stock price of $9.91 is trading 9.2% below its estimated GF Value™ of $10.91. GuruFocus considers Farmland Partners to be Fairly Valued.

Key valuation signals for FPI:

  • Moat Score: 6
  • GF Value™: $10.91 vs. price of $9.91 (9.2% below fair value)
  • GF Score™: 71/100 with 5 warning signs

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

Farmland Partners Business Description

Industry Real EstateREITs
Other Exchanges 0FA:Germany
Address 4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, pictachios, citrus, avacados, strawberies, and edible beans. The company generates its revenues through the rent it receives from its tenants.
71GF Score

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$9.91
Price
$10.91
GF Value