NOVONIX (FRA:GC3) Moat Score: 4/10 (As of Jun. 29, 2026)


FRA:GC3 NOVONIX Ltd FRA:GC3
47 GF Score
Price €0.09
! 4 Warning Signs
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What is NOVONIX Moat Score?

NOVONIX FRA:GC3 -15.52% 47 Moat Score is 4 as of Jun. 29, 2026. GuruFocus rates FRA:GC3 with a GF Score™ of 47/100. The stock has 4 warning signs investors should review. Among 3,041 Industrial Products companies, NOVONIX ranks better than 94.02% on this metric.

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

NOVONIX has Narrow Moat: NOVONIX has a discernible moat due to its proprietary battery technology and focus on innovation in the energy storage sector. However, the market is competitive, and while it has some technological advantages, these are not yet strong enough to ensure a wide moat.

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 NOVONIX might have Narrow Moat - Discernible but modest moat.

NOVONIX  (FRA:GC3) 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

NOVONIX Moat Score Related Terms

FRA:GC3 vs VRT, BE: Moat Score Comparison

For the Electrical Equipment & Parts subindustry, NOVONIX'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.

NOVONIX Moat Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, NOVONIX's Moat Score distribution charts can be found below:

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


FRA:GC3
47GF Score
NOVONIX Ltd FRA:GC3
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?
NOVONIX (FRA:GC3) has a Moat Score of 4 as of Jun. 29, 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, NOVONIX ranks #182 out of 3041 companies in the Industrial Products industry, placing it in the top 6%.
Is NOVONIX's Moat Score too high?
NOVONIX's current Moat Score is 4. Based on the distribution chart, NOVONIX ranks #182 out of 3041 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NOVONIX has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does NOVONIX's Moat Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, NOVONIX ranks #182 out of 3041 companies for Moat Score. This places NOVONIX in the top 6% 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 an Industrial Products company?
A good Moat Score depends on the Industrial Products 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. NOVONIX'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 NOVONIX stock overvalued right now?
NOVONIX (FRA:GC3) has a current Moat Score of 4. The current Moat Score is 4. NOVONIX's overall GF Score™ is 47/100 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 NOVONIX (FRA:GC3), the current Moat Score is 4 as of Jun. 29, 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.

NOVONIX Business Description

Address 1029 West 19th Street, Chattanooga, TN, USA, 37408
NOVONIX Ltd is a battery technology company developing and scaling materials and equipment critical to the lithium-ion battery supply chain. The company has three operating segments: Battery Materials: It develops and manufactures battery anode materials, ii) Battery Technology: It develops and manufactures battery cell testing equipment, performs consulting services and carries out research and development in battery development, and Graphite Exploration: It manages the maintenance and future development of Mount Dromedary natural graphite deposit. The majority of the company's revenue is derived from the Battery Technology segment. Geographically, the maximum revenue is derived from North America, followed by Asia, and Europe.
47GF Score

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