MGE Energy (FRA:MG1) Moat Score: 6/10 (As of Jul. 26, 2026)

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FRA:MG1 MGE Energy Inc FRA:MG1
73 GF Score
Price €71.50
GF Value €76.09
! 4 Warning Signs
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What is MGE Energy Moat Score?

MGE Energy FRA:MG1 73 Moat Score is 6 as of Jul. 26, 2026. GuruFocus rates FRA:MG1 with a GF Score™ of 73/100 and a GF Value™ of €76.09. The stock has 4 warning signs investors should review. Among 545 Utilities - Regulated companies, MGE Energy ranks better than 93.03% on this metric.

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

MGE Energy has Narrow Moat: MGE Energy Inc has a strong narrow moat due to its regulated utility operations, providing stable cash flows and moderate barriers to entry. However, the lack of significant innovation or global reach limits its moat to a narrow classification.

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 MGE Energy might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

MGE Energy  (FRA:MG1) 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

MGE Energy Moat Score Related Terms

FRA:MG1 vs HE, NWE, IMSR: Moat Score Comparison

For the Utilities - Regulated Electric subindustry, MGE Energy'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.

MGE Energy Moat Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, MGE Energy's Moat Score distribution charts can be found below:

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


FRA:MG1
73GF Score
MGE Energy Inc FRA:MG1
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?
MGE Energy (FRA:MG1) has a Moat Score of 6 as of Jul. 26, 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, MGE Energy ranks #38 out of 545 companies in the Utilities - Regulated industry, placing it in the top 7%.
Is MGE Energy's Moat Score too high?
MGE Energy's current Moat Score is 6. Based on the distribution chart, MGE Energy ranks #38 out of 545 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, MGE Energy has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does MGE Energy's Moat Score compare to HE and NWE?
According to the Utilities - Regulated industry distribution chart, MGE Energy ranks #38 out of 545 companies for Moat Score. This places MGE Energy in the top 7% 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 Utilities - Regulated company?
A good Moat Score depends on the Utilities - Regulated 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. MGE Energy'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 MGE Energy stock overvalued right now?
MGE Energy (FRA:MG1) has a current Moat Score of 6. The stock's GF Value™ is €76.09, compared to a current price of €71.50 — trading 6% below its estimated fair value. The current Moat Score is 6. MGE Energy's overall GF Score™ is 73/100 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 MGE Energy (FRA:MG1), the current Moat Score is 6 as of Jul. 26, 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 MGE Energy (FRA:MG1) Overvalued in 2026?

Based on GuruFocus' analysis, MGE Energy stock appears to be undervalued. The current stock price of €71.50 is trading 6% below its estimated GF Value™ of €76.09.

Key valuation signals for FRA:MG1:

  • Moat Score: 6
  • GF Value™: €76.09 vs. price of €71.50 (6% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the FRA:MG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGE Energy Business Description

Other Exchanges MGEE:USA
Address 133 South Blair Street, Madison, WI, USA, 53788
MGE Energy provides electric service to 170,000 customers and natural gas service to 180,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings.
73GF Score

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

€71.50
Price
€76.09
GF Value