Metalpha Technology Holding (FRA:D92) Moat Score: 2/10 (As of Jul. 12, 2026)


FRA:D92 Metalpha Technology Holding Ltd FRA:D92
42 GF Score
Price €0.78
GF Value €1.81
! 5 Warning Signs
View Full Analysis

What is Metalpha Technology Holding Moat Score?

Metalpha Technology Holding FRA:D92 -1.89% 42 Moat Score is 2 as of Jul. 12, 2026. GuruFocus rates FRA:D92 with a GF Score™ of 42/100 and a GF Value™ of €1.81. The stock has 5 warning signs investors should review. Among 839 Capital Markets companies, Metalpha Technology Holding ranks better than 85.46% on this metric.

Metalpha Technology Holding has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Metalpha Technology Holding has No Moat: Metalpha Technology Holding Ltd lacks significant market leadership or unique technology. Its competitive advantages are weak and transient, with no substantial barriers to entry 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 Metalpha Technology Holding might have No Moat - Very weak/transient advantages.

Metalpha Technology Holding  (FRA:D92) 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

Metalpha Technology Holding Moat Score Related Terms

FRA:D92 vs HGBL, GSIW, PLUT: Moat Score Comparison

For the Capital Markets subindustry, Metalpha Technology Holding'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.

Metalpha Technology Holding Moat Score vs Capital Markets Industry

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

* The bar in red indicates where Metalpha Technology Holding's Moat Score falls into.


FRA:D92
42GF Score
Metalpha Technology Holding Ltd FRA:D92
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
Metalpha Technology Holding (FRA:D92) has a Moat Score of 2 as of Jul. 12, 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, Metalpha Technology Holding ranks #122 out of 839 companies in the Capital Markets industry, placing it in the top 14.5%.
Is Metalpha Technology Holding's Moat Score too high?
Metalpha Technology Holding's current Moat Score is 2. Based on the distribution chart, Metalpha Technology Holding ranks #122 out of 839 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Metalpha Technology Holding has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's Moat Score compare to HGBL and GSIW?
According to the Capital Markets industry distribution chart, Metalpha Technology Holding ranks #122 out of 839 companies for Moat Score. This places Metalpha Technology Holding in the top 15% 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. Metalpha Technology Holding's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Metalpha Technology Holding (FRA:D92) has a current Moat Score of 2. The stock's GF Value™ is €1.81, compared to a current price of €0.78 — trading 56.9% below its estimated fair value. The current Moat Score is 2. Metalpha Technology Holding's overall GF Score™ is 42/100 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 Metalpha Technology Holding (FRA:D92), the current Moat Score is 2 as of Jul. 12, 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 Metalpha Technology Holding (FRA:D92) Overvalued in 2026?

Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued. The current stock price of €0.78 is trading 56.9% below its estimated GF Value™ of €1.81.

Key valuation signals for FRA:D92:

  • Moat Score: 2
  • GF Value™: €1.81 vs. price of €0.78 (56.9% below fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the FRA:D92 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Metalpha Technology Holding Business Description

Other Exchanges MATH:USA
Address 18 Harbour Road, Suite 6703-04, Central Plaza, Wan Chai, Hong Kong, HKG
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score

Get the complete analysis for FRA:D92

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

€0.78
Price
€1.81
GF Value