Noah Holdings (FRA:6NO2) Moat Score: 4/10 (As of Aug. 04, 2026)

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FRA:6NO2 Noah Holdings Ltd FRA:6NO2
56 GF Score
Price €1.57
GF Value €2.08
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Noah Holdings Moat Score?

Noah Holdings FRA:6NO2 +6.08% 56 Moat Score is 4 as of Aug. 04, 2026. GuruFocus rates FRA:6NO2 with a GF Score™ of 56/100 and a GF Value™ of €2.08 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,695 Asset Management companies, Noah Holdings ranks better than 95.52% on this metric.

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

Noah Holdings has Narrow Moat: Noah Holdings has a discernible but modest moat due to its niche market leadership in wealth management in China. It benefits from a strong brand and customer loyalty, but lacks significant network effects or regulatory barriers that would elevate it to 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 Noah Holdings might have Narrow Moat - Discernible but modest moat.

Noah Holdings  (FRA:6NO2) 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

Noah Holdings Moat Score Related Terms

FRA:6NO2 vs FAX, DSU, HQL: Moat Score Comparison

For the Asset Management subindustry, Noah Holdings'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.

Noah Holdings Moat Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Noah Holdings's Moat Score distribution charts can be found below:

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


FRA:6NO2
56GF Score
Noah Holdings Ltd FRA:6NO2
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?
Noah Holdings (FRA:6NO2) has a Moat Score of 4 as of Aug. 04, 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, Noah Holdings ranks #76 out of 1695 companies in the Asset Management industry, placing it in the top 4.5%.
Is Noah Holdings' Moat Score too high?
Noah Holdings' current Moat Score is 4. Based on the distribution chart, Noah Holdings ranks #76 out of 1695 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Noah Holdings has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noah Holdings' Moat Score compare to FAX and DSU?
According to the Asset Management industry distribution chart, Noah Holdings ranks #76 out of 1695 companies for Moat Score. This places Noah Holdings 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 an Asset Management company?
A good Moat Score depends on the Asset Management 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. Noah Holdings'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 Noah Holdings stock overvalued right now?
Based on GuruFocus' analysis, Noah Holdings (FRA:6NO2) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.08, compared to a current price of €1.57 — trading 24.5% below its estimated fair value. The current Moat Score is 4. Noah Holdings' overall GF Score™ is 56/100 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 Noah Holdings (FRA:6NO2), the current Moat Score is 4 as of Aug. 04, 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 Noah Holdings (FRA:6NO2) Overvalued in 2026?

Based on GuruFocus' analysis, Noah Holdings stock appears to be undervalued. The current stock price of €1.57 is trading 24.5% below its estimated GF Value™ of €2.08. GuruFocus considers Noah Holdings to be Modestly Undervalued.

Key valuation signals for FRA:6NO2:

  • Moat Score: 4
  • GF Value™: €2.08 vs. price of €1.57 (24.5% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the FRA:6NO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Noah Holdings Business Description

Other Exchanges NOAH:USA06686:Hong Kong
Address No. 1226 South Shenbin Road, Noah Wealth Center, Minhang District, Shanghai, CHN, 200090
Noah Holdings Ltd is a wealth management service provider offering comprehensive advisory services on investment and asset allocation, mainly for Mandarin-speaking high-net-worth (HNW) investors. The company's operating segments are Domestic public securities, Domestic asset management, Domestic insurance, Overseas wealth management, Overseas asset management, Overseas insurance and comprehensive services, and Headquarters. Maximum revenue is generated from its Domestic asset management business, which manages private equity funds, real estate equity funds, and private secondary products. The domestic asset management operations focus on managing primary market exits and cross-border ETF products in the secondary market. Geographically, it derives maximum revenue from Mainland China.
56GF Score

Get the complete analysis for FRA:6NO2

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

€1.57
Price
€2.08
GF Value