Riot Platforms (FRA:AP4N) Moat Score: 4/10 (As of Jul. 05, 2026)


FRA:AP4N Riot Platforms Inc FRA:AP4N
71 GF Score
Price €19.97
GF Value €12.18
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Riot Platforms Moat Score?

Riot Platforms FRA:AP4N +3.60% 71 Moat Score is 4 as of Jul. 05, 2026. GuruFocus rates FRA:AP4N with a GF Score™ of 71/100 and a GF Value™ of €12.18 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 840 Capital Markets companies, Riot Platforms ranks better than 92.74% on this metric.

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

Riot Platforms has Narrow Moat: Riot Platforms Inc has a discernible but modest moat due to its position in the cryptocurrency mining industry. It benefits from some economies of scale and proprietary technology, but faces high competition and lacks strong 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 Riot Platforms might have Narrow Moat - Discernible but modest moat.

Riot Platforms  (FRA:AP4N) 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

Riot Platforms Moat Score Related Terms

FRA:AP4N vs SNEX, SF, JEF: Moat Score Comparison

For the Capital Markets subindustry, Riot Platforms'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.

Riot Platforms Moat Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Riot Platforms's Moat Score distribution charts can be found below:

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


FRA:AP4N
71GF Score
Riot Platforms Inc FRA:AP4N
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?
Riot Platforms (FRA:AP4N) has a Moat Score of 4 as of Jul. 05, 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, Riot Platforms ranks #61 out of 840 companies in the Capital Markets industry, placing it in the top 7.3%.
Is Riot Platforms' Moat Score too high?
Riot Platforms' current Moat Score is 4. Based on the distribution chart, Riot Platforms ranks #61 out of 840 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Riot Platforms has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riot Platforms' Moat Score compare to SNEX and SF?
According to the Capital Markets industry distribution chart, Riot Platforms ranks #61 out of 840 companies for Moat Score. This places Riot Platforms in the top 7% 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 Capital Markets company?
A good Moat Score depends on the Capital Markets 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. Riot Platforms'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 Riot Platforms stock overvalued right now?
Based on GuruFocus' analysis, Riot Platforms (FRA:AP4N) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.18, compared to a current price of €19.97 — trading 64% above its estimated fair value. The current Moat Score is 4. Riot Platforms' 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 Riot Platforms (FRA:AP4N), the current Moat Score is 4 as of Jul. 05, 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 Riot Platforms (FRA:AP4N) Overvalued in 2026?

Based on GuruFocus' analysis, Riot Platforms stock appears to be overvalued. The current stock price of €19.97 is trading 64% above its estimated GF Value™ of €12.18. GuruFocus considers Riot Platforms to be Significantly Overvalued.

Key valuation signals for FRA:AP4N:

  • Moat Score: 4
  • GF Value™: €12.18 vs. price of €19.97 (64% above fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the FRA:AP4N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Riot Platforms Business Description

Address 3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA, 80109
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
71GF Score

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

€19.97
Price
€12.18
GF Value