Equinor ASA (FRA:DNQ) Moat Score: 6/10 (As of Jul. 03, 2026)


FRA:DNQ Equinor ASA FRA:DNQ
80 GF Score
Price €27.86
GF Value €26.86
Valuation Fairly Valued
! 4 Warning Signs
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What is Equinor ASA Moat Score?

Equinor ASA FRA:DNQ +2.09% 80 Moat Score is 6 as of Jul. 03, 2026. GuruFocus rates FRA:DNQ with a GF Score™ of 80/100 and a GF Value™ of €26.86 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,041 Oil & Gas companies, Equinor ASA ranks better than 98.46% on this metric.

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

Equinor ASA has Narrow Moat: Equinor has a strong narrow moat due to its significant market share in energy, regulatory barriers, and economies of scale. However, it faces challenges from fluctuating oil prices and renewable energy competition.

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 Equinor ASA might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Equinor ASA  (FRA:DNQ) 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

Equinor ASA Moat Score Related Terms

FRA:DNQ vs XOM, CVX: Moat Score Comparison

For the Oil & Gas Integrated subindustry, Equinor ASA'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.

Equinor ASA Moat Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Equinor ASA's Moat Score distribution charts can be found below:

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


FRA:DNQ
80GF Score
Equinor ASA FRA:DNQ
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?
Equinor ASA (FRA:DNQ) has a Moat Score of 6 as of Jul. 03, 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, Equinor ASA ranks #16 out of 1041 companies in the Oil & Gas industry, placing it in the top 1.5%.
Is Equinor ASA's Moat Score too high?
Equinor ASA's current Moat Score is 6. The Oil & Gas industry median Moat Score is 1.00. Equinor ASA's value of 6 is 500% above this industry median. Based on the distribution chart, Equinor ASA ranks #16 out of 1041 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Equinor ASA has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Equinor ASA's Moat Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Equinor ASA ranks #16 out of 1041 companies for Moat Score. This places Equinor ASA in the top 2% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Equinor ASA's value of 6 is 500% 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 an Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,041 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. Equinor ASA's current Moat Score of 6 is 500% 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 Oil & Gas industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinor ASA'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 Equinor ASA stock overvalued right now?
Based on GuruFocus' analysis, Equinor ASA (FRA:DNQ) is currently considered Fairly Valued. The stock's GF Value™ is €26.86, compared to a current price of €27.86 — trading 3.7% above its estimated fair value. The current Moat Score is 6 and 500% above the Oil & Gas industry median of 1.00. Equinor ASA's overall GF Score™ is 80/100 with 4 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 Equinor ASA (FRA:DNQ), the current Moat Score is 6 as of Jul. 03, 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 Equinor ASA (FRA:DNQ) Overvalued in 2026?

Based on GuruFocus' analysis, Equinor ASA stock appears to be overvalued. The current stock price of €27.86 is trading 3.7% above its estimated GF Value™ of €26.86. GuruFocus considers Equinor ASA to be Fairly Valued.

Key valuation signals for FRA:DNQ:

  • Moat Score: 6
  • GF Value™: €26.86 vs. price of €27.86 (3.7% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 500% above the Oil & Gas median (#16 of 1041)

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

Equinor ASA Business Description

Industry EnergyOil & Gas
Address Forusbeen 50, Stavanger, NOR, NO-4035
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2025 (50% liquids) and ended 2025 with 5.2 billion barrels of proven reserves (45% liquids). Operations also include oil refineries and natural gas processing, marketing, and trading. The renewables portfolio includes offshore and onshore wind and solar, with total power generation of 5.65 TWh in 2025.
80GF Score

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

€27.86
Price
€26.86
GF Value