Antofagasta (FRA:FG1) Moat Score: 5/10 (As of Jul. 08, 2026)


FRA:FG1 Antofagasta PLC FRA:FG1
87 GF Score
Price €45.73
GF Value €27.90
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Antofagasta Moat Score?

Antofagasta FRA:FG1 -0.26% 87 Moat Score is 5 as of Jul. 08, 2026. GuruFocus rates FRA:FG1 with a GF Score™ of 87/100 and a GF Value™ of €27.90 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,607 Metals & Mining companies, Antofagasta ranks better than 98.73% on this metric.

Antofagasta has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Antofagasta has Narrow Moat: Antofagasta benefits from significant regulatory barriers and exclusive mining licenses, providing a solid narrow moat. Its economies of scale in copper production further support its competitive position, though commodity price volatility limits its moat strength.

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 Antofagasta might have Narrow Moat - Solid narrow moat.

Antofagasta  (FRA:FG1) 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

Antofagasta Moat Score Related Terms

FRA:FG1 vs SCCO, FCX: Moat Score Comparison

For the Copper subindustry, Antofagasta'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.

Antofagasta Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Antofagasta's Moat Score distribution charts can be found below:

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


FRA:FG1
87GF Score
Antofagasta PLC FRA:FG1
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 5 mean?
Antofagasta (FRA:FG1) has a Moat Score of 5 as of Jul. 08, 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, Antofagasta ranks #33 out of 2607 companies in the Metals & Mining industry, placing it in the top 1.3%.
Is Antofagasta's Moat Score too high?
Antofagasta's current Moat Score is 5. The Metals & Mining industry median Moat Score is 1.00. Antofagasta's value of 5 is 400% above this industry median. Based on the distribution chart, Antofagasta ranks #33 out of 2607 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Antofagasta has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Antofagasta's Moat Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Antofagasta ranks #33 out of 2607 companies for Moat Score. This places Antofagasta in the top 1% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Antofagasta's value of 5 is 400% 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 Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,607 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. Antofagasta's current Moat Score of 5 is 400% 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 Metals & Mining 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. Antofagasta's current Moat Score is 5. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antofagasta stock overvalued right now?
Based on GuruFocus' analysis, Antofagasta (FRA:FG1) is currently considered Significantly Overvalued. The stock's GF Value™ is €27.90, compared to a current price of €45.73 — trading 63.9% above its estimated fair value. The current Moat Score is 5 and 400% above the Metals & Mining industry median of 1.00. Antofagasta's overall GF Score™ is 87/100 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 Antofagasta (FRA:FG1), the current Moat Score is 5 as of Jul. 08, 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 Antofagasta (FRA:FG1) Overvalued in 2026?

Based on GuruFocus' analysis, Antofagasta stock appears to be overvalued. The current stock price of €45.73 is trading 63.9% above its estimated GF Value™ of €27.90. GuruFocus considers Antofagasta to be Significantly Overvalued.

Key valuation signals for FRA:FG1:

  • Moat Score: 5
  • GF Value™: €27.90 vs. price of €45.73 (63.9% above fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 400% above the Metals & Mining median (#33 of 2607)

No single metric tells the full story. See the FRA:FG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Antofagasta Business Description

Address 103 Mount Street, London, GBR, W1K 2TJ
Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. Geographically, the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division.
87GF Score

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

€45.73
Price
€27.90
GF Value