FSTF (First State Financial) Moat Score: 2/10 (As of Jul. 21, 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.

What is First State Financial Moat Score?

First State Financial FSTF Moat Score is 2 as of Jul. 21, 2026. Among 622 Conglomerates companies, First State Financial ranks better than 85.21% on this metric.

First State Financial has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

First State Financial has No Moat: First State Financial Corp operates in a competitive financial services market with low switching costs and limited brand differentiation. The company lacks significant market share, proprietary technology, or regulatory advantages that would provide a durable competitive edge.

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 First State Financial might have No Moat - Very weak/transient advantages.

First State Financial  (OTCPK:FSTF) 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

First State Financial Moat Score Related Terms

FSTF vs TMGI, CIRX, HON: Moat Score Comparison

For the Conglomerates subindustry, First State Financial'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.

First State Financial Moat Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, First State Financial's Moat Score distribution charts can be found below:

* The bar in red indicates where First State Financial's Moat Score falls into.


Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
First State Financial (FSTF) has a Moat Score of 2 as of Jul. 21, 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, First State Financial ranks #92 out of 622 companies in the Conglomerates industry, placing it in the top 14.8%.
Is First State Financial's Moat Score too high?
First State Financial's current Moat Score is 2. Based on the distribution chart, First State Financial ranks #92 out of 622 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers.
How does First State Financial's Moat Score compare to TMGI and CIRX?
According to the Conglomerates industry distribution chart, First State Financial ranks #92 out of 622 companies for Moat Score. This places First State Financial in the top 15% 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 Conglomerates company?
A good Moat Score depends on the Conglomerates 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. First State Financial's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First State Financial stock overvalued right now?
First State Financial (FSTF) has a current Moat Score of 2. The current Moat Score is 2. 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 First State Financial (FSTF), the current Moat Score is 2 as of Jul. 21, 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.

First State Financial Business Description

Address 55 E Washington Street, Chicago, IL, USA, 60602
First State Financial Corp is engaged in various businesses which are E-commerce platform, health products, daily necessities, international trade, digital currency, and social media platforms.