Agenus (FRA:AJ8) Moat Score: 4/10 (As of Aug. 18, 2026)

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FRA:AJ8 Agenus Inc FRA:AJ8
48 GF Score
Price €6.10
GF Value €3.22
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Agenus Moat Score?

Agenus FRA:AJ8 -3.94% 48 Moat Score is 4 as of Aug. 18, 2026. GuruFocus rates FRA:AJ8 with a GF Score™ of 48/100 and a GF Value™ of €3.22 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 1,388 Biotechnology companies, Agenus ranks better than 88.76% on this metric.

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

Agenus has Narrow Moat: Agenus has a discernible but modest moat due to its valuable intellectual property and patents in the biotech sector. However, it faces intense competition and lacks strong brand strength or significant customer switching costs.

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 Agenus might have Narrow Moat - Discernible but modest moat.

Agenus  (FRA:AJ8) 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

Agenus Moat Score Related Terms

FRA:AJ8 vs FULC, IRD, TTRX: Moat Score Comparison

For the Biotechnology subindustry, Agenus'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.

Agenus Moat Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Agenus's Moat Score distribution charts can be found below:

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


FRA:AJ8
48GF Score
Agenus Inc FRA:AJ8
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?
Agenus (FRA:AJ8) has a Moat Score of 4 as of Aug. 18, 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, Agenus ranks #156 out of 1388 companies in the Biotechnology industry, placing it in the top 11.2%.
Is Agenus' Moat Score too high?
Agenus' current Moat Score is 4. The Biotechnology industry median Moat Score is 2.00. Agenus' value of 4 is 100% above this industry median. Based on the distribution chart, Agenus ranks #156 out of 1388 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Agenus has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agenus' Moat Score compare to FULC and IRD?
According to the Biotechnology industry distribution chart, Agenus ranks #156 out of 1388 companies for Moat Score. This places Agenus in the top 11% of its industry — outperforming the majority of peers. The industry median Moat Score is 2.00. Agenus' value of 4 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 Biotechnology company?
The median Moat Score among Biotechnology companies is 2.00, based on 1,388 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. Agenus's current Moat Score of 4 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 Biotechnology industry, the median Moat Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agenus'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 Agenus stock overvalued right now?
Based on GuruFocus' analysis, Agenus (FRA:AJ8) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.22, compared to a current price of €6.10 — trading 89.4% above its estimated fair value. The current Moat Score is 4 and 100% above the Biotechnology industry median of 2.00. Agenus' overall GF Score™ is 48/100 with 12 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 Agenus (FRA:AJ8), the current Moat Score is 4 as of Aug. 18, 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 Agenus (FRA:AJ8) Overvalued in 2026?

Based on GuruFocus' analysis, Agenus stock appears to be overvalued. The current stock price of €6.10 is trading 89.4% above its estimated GF Value™ of €3.22. GuruFocus considers Agenus to be Significantly Overvalued.

Key valuation signals for FRA:AJ8:

  • Moat Score: 4
  • GF Value™: €3.22 vs. price of €6.10 (89.4% above fair value)
  • GF Score™: 48/100 with 12 warning signs
  • Industry Position: 100% above the Biotechnology median (#156 of 1388)

No single metric tells the full story. See the FRA:AJ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Agenus Business Description

Other Exchanges AGEN:USA
Address 3 Forbes Road, Lexington, MA, USA, 02421
Agenus Inc is a clinical-stage biotechnology company focused on discovering and developing immunotherapies for cancer and infectious diseases. Its primary business is immuno-oncology (I-O), where it advances antibody-based programs designed to activate innate and adaptive immunity, overcome tumor immune evasion, and expand the number of patients who may benefit from immunotherapy. The Company's clinical program includes botensilimab (BOT or AGEN1181), both as a monotherapy and in combination with balstilimab (BAL), alongside a portfolio of other clinical-stage immuno-oncology assets that may be used independently or in combination therapies. The Company operates in the United States, which contributes the majority of its revenue, as well as in other international markets.
48GF Score

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

€6.10
Price
€3.22
GF Value