National Bank Holdings (FRA:NB9) Moat Score: 5/10 (As of Jul. 08, 2026)


FRA:NB9 National Bank Holdings Corp FRA:NB9
63 GF Score
Price €37.80
GF Value €34.29
! 2 Warning Signs
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What is National Bank Holdings Moat Score?

National Bank Holdings FRA:NB9 -1.05% 63 Moat Score is 5 as of Jul. 08, 2026. GuruFocus rates FRA:NB9 with a GF Score™ of 63/100 and a GF Value™ of €34.29. The stock has 2 warning signs investors should review. Among 1,610 Banks companies, National Bank Holdings ranks better than 94.04% on this metric.

National Bank Holdings has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

National Bank Holdings has Narrow Moat: National Bank Holdings Corp has a solid market presence and some customer loyalty in its regional banking operations. However, it lacks significant cost advantages or proprietary technology to establish a wider 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 National Bank Holdings might have Narrow Moat - Solid narrow moat.

National Bank Holdings  (FRA:NB9) 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

National Bank Holdings Moat Score Related Terms

FRA:NB9 vs STEL, OFG, SRCE: Moat Score Comparison

For the Banks - Regional subindustry, National Bank Holdings'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.

National Bank Holdings Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, National Bank Holdings's Moat Score distribution charts can be found below:

* The bar in red indicates where National Bank Holdings's Moat Score falls into.


FRA:NB9
63GF Score
National Bank Holdings Corp FRA:NB9
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 5 mean?
National Bank Holdings (FRA:NB9) has a Moat Score of 5 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, National Bank Holdings ranks #96 out of 1610 companies in the Banks industry, placing it in the top 6%.
Is National Bank Holdings' Moat Score too high?
National Bank Holdings' current Moat Score is 5. Based on the distribution chart, National Bank Holdings ranks #96 out of 1610 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, National Bank Holdings has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does National Bank Holdings' Moat Score compare to STEL and OFG?
According to the Banks industry distribution chart, National Bank Holdings ranks #96 out of 1610 companies for Moat Score. This places National Bank Holdings 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 a Banks company?
A good Moat Score depends on the Banks 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. National Bank Holdings'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 National Bank Holdings stock overvalued right now?
National Bank Holdings (FRA:NB9) has a current Moat Score of 5. The stock's GF Value™ is €34.29, compared to a current price of €37.80 — trading 10.2% above its estimated fair value. The current Moat Score is 5. National Bank Holdings' overall GF Score™ is 63/100 with 2 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 National Bank Holdings (FRA:NB9), the current Moat Score is 5 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 National Bank Holdings (FRA:NB9) Overvalued in 2026?

Based on GuruFocus' analysis, National Bank Holdings stock appears to be overvalued. The current stock price of €37.80 is trading 10.2% above its estimated GF Value™ of €34.29.

Key valuation signals for FRA:NB9:

  • Moat Score: 5
  • GF Value™: €34.29 vs. price of €37.80 (10.2% above fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the FRA:NB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Bank Holdings Business Description

Other Exchanges NBHC:USA
Address 7800 East Orchard Road, Suite 300, Greenwood Village, CO, USA, 80111
National Bank Holdings Corp offers a full range of banking products and financial services to commercial, business, and consumer clients predominantly in Colorado, with a focus on personalized service through relationship managers and banking center associates. The company provides commercial and industrial loans, non-owner occupied commercial real estate loans, Small Business Administration loans as a Preferred Lender Provider, U.S. Department of Agriculture and Farm Service Agency loans, commercial deposit and treasury management products, business online and mobile banking, consumer and residential real estate loans, deposit services, and trust and wealth management services. Its services emphasize full-relationship banking, integrating lending, deposits, and cash management solutions.
63GF Score

Get the complete analysis for FRA:NB9

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

€37.80
Price
€34.29
GF Value