Ingles Markets (FRA:IN3A) Moat Score: 5/10 (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:IN3A Ingles Markets Inc FRA:IN3A
74 GF Score
Price €76.00
GF Value €61.26
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ingles Markets Moat Score?

Ingles Markets FRA:IN3A +0.66% 74 Moat Score is 5 as of Aug. 15, 2026. GuruFocus rates FRA:IN3A with a GF Score™ of 74/100 and a GF Value™ of €61.26 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 318 Retail - Defensive companies, Ingles Markets ranks better than 92.14% on this metric.

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

Ingles Markets has Narrow Moat: Ingles Markets Inc benefits from a solid narrow moat due to its regional market presence and customer loyalty. However, it faces intense competition from larger national chains, limiting its 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 Ingles Markets might have Narrow Moat - Solid narrow moat.


Ingles Markets  (FRA:IN3A) 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

Ingles Markets Moat Score Related Terms


FRA:IN3A vs WMK, GO, NGVC: Moat Score Comparison

For the Grocery Stores subindustry, Ingles Markets'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.


Ingles Markets Moat Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's Moat Score distribution charts can be found below:

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


FRA:IN3A
74GF Score
Ingles Markets Inc FRA:IN3A
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Ingles Markets (FRA:IN3A) has a Moat Score of 5 as of Aug. 15, 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, Ingles Markets ranks #25 out of 318 companies in the Retail - Defensive industry, placing it in the top 7.9%.
Is Ingles Markets' Moat Score too high?
Ingles Markets' current Moat Score is 5. Based on the distribution chart, Ingles Markets ranks #25 out of 318 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Ingles Markets has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ingles Markets' Moat Score compare to WMK and GO?
According to the Retail - Defensive industry distribution chart, Ingles Markets ranks #25 out of 318 companies for Moat Score. This places Ingles Markets in the top 8% 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 Retail - Defensive company?
A good Moat Score depends on the Retail - Defensive 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. Ingles Markets'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 Ingles Markets stock overvalued right now?
Based on GuruFocus' analysis, Ingles Markets (FRA:IN3A) is currently considered Modestly Overvalued. The stock's GF Value™ is €61.26, compared to a current price of €76.00 — trading 24.1% above its estimated fair value. The current Moat Score is 5. Ingles Markets' overall GF Score™ is 74/100 with 7 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 Ingles Markets (FRA:IN3A), the current Moat Score is 5 as of Aug. 15, 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 Ingles Markets (FRA:IN3A) Overvalued in 2026?

Based on GuruFocus' analysis, Ingles Markets stock appears to be overvalued. The current stock price of €76.00 is trading 24.1% above its estimated GF Value™ of €61.26. GuruFocus considers Ingles Markets to be Modestly Overvalued.

Key valuation signals for FRA:IN3A:

  • Moat Score: 5
  • GF Value™: €61.26 vs. price of €76.00 (24.1% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the FRA:IN3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ingles Markets Business Description

Other Exchanges IMKTA:USA
Address 2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
74GF Score

Get the complete analysis for FRA:IN3A

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

€76.00
Price
€61.26
GF Value