The9 (FRA:FZK0) Moat Score: 2/10 (As of Jul. 27, 2026)

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FRA:FZK0 The9 Ltd FRA:FZK0
50 GF Score
Price €3.02
GF Value €2.39
! 8 Warning Signs
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What is The9 Moat Score?

The9 FRA:FZK0 -6.21% 50 Moat Score is 2 as of Jul. 27, 2026. GuruFocus rates FRA:FZK0 with a GF Score™ of 50/100 and a GF Value™ of €2.39. The stock has 8 warning signs investors should review. Among 838 Capital Markets companies, The9 ranks better than 85.44% on this metric.

The9 has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

The9 has No Moat: The9 Ltd operates in a highly competitive gaming industry with transient advantages. It lacks significant market leadership, customer switching costs, or proprietary technology, resulting in a very weak competitive position.

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 The9 might have No Moat - Very weak/transient advantages.

The9  (FRA:FZK0) 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

The9 Moat Score Related Terms

FRA:FZK0 vs BTCS, PLUT, VIP: Moat Score Comparison

For the Capital Markets subindustry, The9'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.

The9 Moat Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The9's Moat Score distribution charts can be found below:

* The bar in red indicates where The9's Moat Score falls into.


FRA:FZK0
50GF Score
The9 Ltd FRA:FZK0
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 2 mean?
The9 (FRA:FZK0) has a Moat Score of 2 as of Jul. 27, 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, The9 ranks #122 out of 838 companies in the Capital Markets industry, placing it in the top 14.6%.
Is The9's Moat Score too high?
The9's current Moat Score is 2. Based on the distribution chart, The9 ranks #122 out of 838 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, The9 has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does The9's Moat Score compare to BTCS and PLUT?
According to the Capital Markets industry distribution chart, The9 ranks #122 out of 838 companies for Moat Score. This places The9 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. The9'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 The9 stock overvalued right now?
The9 (FRA:FZK0) has a current Moat Score of 2. The stock's GF Value™ is €2.39, compared to a current price of €3.02 — trading 26.4% above its estimated fair value. The current Moat Score is 2. The9's overall GF Score™ is 50/100 with 8 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 The9 (FRA:FZK0), the current Moat Score is 2 as of Jul. 27, 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 The9 (FRA:FZK0) Overvalued in 2026?

Based on GuruFocus' analysis, The9 stock appears to be overvalued. The current stock price of €3.02 is trading 26.4% above its estimated GF Value™ of €2.39.

Key valuation signals for FRA:FZK0:

  • Moat Score: 2
  • GF Value™: €2.39 vs. price of €3.02 (26.4% above fair value)
  • GF Score™: 50/100 with 8 warning signs

No single metric tells the full story. See the FRA:FZK0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The9 Business Description

Other Exchanges NCTY:USA
Address No.130 Wu Song Road, 17 Floor, Hong Kou District, Shanghai, CHN, 200080
The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Online game services, out of which Crypto mining business derives maximum revenue.
50GF Score

Get the complete analysis for FRA:FZK0

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

€3.02
Price
€2.39
GF Value