Intercontinental Exchange (FRA:IC2) Moat Score: 8/10 (As of Jul. 02, 2026)


FRA:IC2 Intercontinental Exchange Inc FRA:IC2
86 GF Score
Price €110.60
GF Value €139.52
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Intercontinental Exchange Moat Score?

Intercontinental Exchange FRA:IC2 +3.08% 86 Moat Score is 8 as of Jul. 02, 2026. GuruFocus rates FRA:IC2 with a GF Score™ of 86/100 and a GF Value™ of €139.52 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 841 Capital Markets companies, Intercontinental Exchange ranks better than 99.88% on this metric.

Intercontinental Exchange has the Moat Score of 8, which implies that the company might have Wide Moat - Clear and robust wide moat.

Intercontinental Exchange has Wide Moat: Intercontinental Exchange Inc benefits from strong network effects, significant customer switching costs, and regulatory barriers. Its dominant market position in financial exchanges and data services, coupled with a robust distribution network and pricing power, supports a clear and robust 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 Intercontinental Exchange might have Wide Moat - Clear and robust wide moat.

Intercontinental Exchange  (FRA:IC2) 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

Intercontinental Exchange Moat Score Related Terms

FRA:IC2 vs MCO, CME, NDAQ: Moat Score Comparison

For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange'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.

Intercontinental Exchange Moat Score vs Capital Markets Industry

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

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


FRA:IC2
86GF Score
Intercontinental Exchange Inc FRA:IC2
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 8 mean?
Intercontinental Exchange (FRA:IC2) has a Moat Score of 8 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, Intercontinental Exchange ranks #1 out of 841 companies in the Capital Markets industry, placing it in the top 0.099999999999994%.
Is Intercontinental Exchange's Moat Score too high?
Intercontinental Exchange's current Moat Score is 8. Based on the distribution chart, Intercontinental Exchange ranks #1 out of 841 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Intercontinental Exchange has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intercontinental Exchange's Moat Score compare to MCO and CME?
According to the Capital Markets industry distribution chart, Intercontinental Exchange ranks #1 out of 841 companies for Moat Score. This places Intercontinental Exchange in the top 0% 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. Intercontinental Exchange's current Moat Score is 8. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercontinental Exchange stock overvalued right now?
Based on GuruFocus' analysis, Intercontinental Exchange (FRA:IC2) is currently considered Modestly Undervalued. The stock's GF Value™ is €139.52, compared to a current price of €110.60 — trading 20.7% below its estimated fair value. The current Moat Score is 8. Intercontinental Exchange's overall GF Score™ is 86/100 with 3 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 Intercontinental Exchange (FRA:IC2), the current Moat Score is 8 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 Intercontinental Exchange (FRA:IC2) Overvalued in 2026?

Based on GuruFocus' analysis, Intercontinental Exchange stock appears to be undervalued. The current stock price of €110.60 is trading 20.7% below its estimated GF Value™ of €139.52. GuruFocus considers Intercontinental Exchange to be Modestly Undervalued.

Key valuation signals for FRA:IC2:

  • Moat Score: 8
  • GF Value™: €139.52 vs. price of €110.60 (20.7% below fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the FRA:IC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Intercontinental Exchange Business Description

Address 5660 New Northside Drive, Atlanta, GA, USA, 30328
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
86GF Score

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

€110.60
Price
€139.52
GF Value