Keyera (FRA:K2Y) Moat Score: 6/10 (As of Jul. 08, 2026)


FRA:K2Y Keyera Corp FRA:K2Y
80 GF Score
Price €34.40
GF Value €25.37
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Keyera Moat Score?

Keyera FRA:K2Y -0.58% 80 Moat Score is 6 as of Jul. 08, 2026. GuruFocus rates FRA:K2Y with a GF Score™ of 80/100 and a GF Value™ of €25.37 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,038 Oil & Gas companies, Keyera ranks better than 98.46% on this metric.

Keyera has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Keyera has Narrow Moat: Keyera Corp has a strong narrow moat due to its strategic asset base and economies of scale in the energy infrastructure sector. However, it lacks significant regulatory barriers or customer switching costs to qualify for 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 Keyera might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Keyera  (FRA:K2Y) 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

Keyera Moat Score Related Terms

FRA:K2Y vs WMB, EPD, KMI: Moat Score Comparison

For the Oil & Gas Midstream subindustry, Keyera'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.

Keyera Moat Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Keyera's Moat Score distribution charts can be found below:

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


FRA:K2Y
80GF Score
Keyera Corp FRA:K2Y
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 6 mean?
Keyera (FRA:K2Y) has a Moat Score of 6 as of Jul. 08, 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, Keyera ranks #16 out of 1038 companies in the Oil & Gas industry, placing it in the top 1.5%.
Is Keyera's Moat Score too high?
Keyera's current Moat Score is 6. The Oil & Gas industry median Moat Score is 1.00. Keyera's value of 6 is 500% above this industry median. Based on the distribution chart, Keyera ranks #16 out of 1038 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Keyera has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keyera's Moat Score compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Keyera ranks #16 out of 1038 companies for Moat Score. This places Keyera in the top 2% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Keyera's value of 6 is 500% above this benchmark. 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 Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,038 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Keyera's current Moat Score of 6 is 500% above the industry median. 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. For the Oil & Gas industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keyera's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyera stock overvalued right now?
Based on GuruFocus' analysis, Keyera (FRA:K2Y) is currently considered Significantly Overvalued. The stock's GF Value™ is €25.37, compared to a current price of €34.40 — trading 35.6% above its estimated fair value. The current Moat Score is 6 and 500% above the Oil & Gas industry median of 1.00. Keyera's overall GF Score™ is 80/100 with 11 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 Keyera (FRA:K2Y), the current Moat Score is 6 as of Jul. 08, 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 Keyera (FRA:K2Y) Overvalued in 2026?

Based on GuruFocus' analysis, Keyera stock appears to be overvalued. The current stock price of €34.40 is trading 35.6% above its estimated GF Value™ of €25.37. GuruFocus considers Keyera to be Significantly Overvalued.

Key valuation signals for FRA:K2Y:

  • Moat Score: 6
  • GF Value™: €25.37 vs. price of €34.40 (35.6% above fair value)
  • GF Score™: 80/100 with 11 warning signs
  • Industry Position: 500% above the Oil & Gas median (#16 of 1038)

No single metric tells the full story. See the FRA:K2Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Keyera Business Description

Industry EnergyOil & Gas
Other Exchanges KEYUF:USAKEY:Canada
Address 144 - 4th Avenue SW, Suite 200, The Ampersand, West Tower, Calgary, AB, CAN, T2P 3N4
Keyera Corp is a midstream energy business that operates out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of natural gas liquids, iso-octane, and crude oil. The company operates in three reportable segments namely Gathering and Processing, Liquids Infrastructure and Marketing where Liquids Infrastructure is the key revenue segment.
80GF Score

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

€34.40
Price
€25.37
GF Value