First Horizon (FRA:FT2) Moat Score: 4/10 (As of Jul. 02, 2026)


FRA:FT2 First Horizon Corp FRA:FT2
68 GF Score
Price €21.80
GF Value €17.85
! 5 Warning Signs
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What is First Horizon Moat Score?

First Horizon FRA:FT2 -0.91% 68 Moat Score is 4 as of Jul. 02, 2026. GuruFocus rates FRA:FT2 with a GF Score™ of 68/100 and a GF Value™ of €17.85. The stock has 5 warning signs investors should review. Among 1,612 Banks companies, First Horizon ranks better than 86.23% on this metric.

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

First Horizon has Narrow Moat: First Horizon Corp has a discernible but modest moat, primarily due to its regional banking presence and customer relationships. While it has some cost advantages and a decent distribution network, it lacks significant market leadership and strong pricing power.

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 First Horizon might have Narrow Moat - Discernible but modest moat.

First Horizon  (FRA:FT2) 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

First Horizon Moat Score Related Terms

FRA:FT2 vs WBS, UMBF, WTFC: Moat Score Comparison

For the Banks - Regional subindustry, First Horizon'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.

First Horizon Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, First Horizon's Moat Score distribution charts can be found below:

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


FRA:FT2
68GF Score
First Horizon Corp FRA:FT2
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?
First Horizon (FRA:FT2) has a Moat Score of 4 as of Jul. 02, 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, First Horizon ranks #222 out of 1612 companies in the Banks industry, placing it in the top 13.8%.
Is First Horizon's Moat Score too high?
First Horizon's current Moat Score is 4. Based on the distribution chart, First Horizon ranks #222 out of 1612 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, First Horizon has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does First Horizon's Moat Score compare to WBS and UMBF?
According to the Banks industry distribution chart, First Horizon ranks #222 out of 1612 companies for Moat Score. This places First Horizon in the top 14% 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 Banks company?
A good Moat Score depends on the Banks 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. First Horizon'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 First Horizon stock overvalued right now?
First Horizon (FRA:FT2) has a current Moat Score of 4. The stock's GF Value™ is €17.85, compared to a current price of €21.80 — trading 22.1% above its estimated fair value. The current Moat Score is 4. First Horizon's overall GF Score™ is 68/100 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 First Horizon (FRA:FT2), the current Moat Score is 4 as of Jul. 02, 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 First Horizon (FRA:FT2) Overvalued in 2026?

Based on GuruFocus' analysis, First Horizon stock appears to be overvalued. The current stock price of €21.80 is trading 22.1% above its estimated GF Value™ of €17.85.

Key valuation signals for FRA:FT2:

  • Moat Score: 4
  • GF Value™: €17.85 vs. price of €21.80 (22.1% above fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the FRA:FT2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Horizon Business Description

Address 165 Madison Avenue, Memphis, TN, USA, 38103
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The company's reportable segments are: Commercial, Consumer & Wealth, Wholesale, and Corporate. The majority of its revenue is generated from Commercial, Consumer & Wealth. The Commercial, Consumer & Wealth segment offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients in the southern USA and other selected markets. The Wholesale segment delivers industry-specific products and services, while the Corporate segment provides internal support functions like finance, risk, and audit.
68GF Score

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

€21.80
Price
€17.85
GF Value