VNET Group (HAM:217A) Moat Score: 6/10 (As of Jul. 12, 2026)


HAM:217A VNET Group Inc HAM:217A
54 GF Score
Price €7.02
GF Value €3.77
! 8 Warning Signs
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What is VNET Group Moat Score?

VNET Group HAM:217A -4.10% 54 Moat Score is 6 as of Jul. 12, 2026. GuruFocus rates HAM:217A with a GF Score™ of 54/100 and a GF Value™ of €3.77. The stock has 8 warning signs investors should review. Among 2,838 Software companies, VNET Group ranks better than 97.89% on this metric.

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

VNET Group has Narrow Moat: VNET Group Inc has a strong narrow moat due to its established position in the data center industry, benefiting from economies of scale and a robust distribution network. While it has some pricing power and customer loyalty, it lacks the breadth of advantages needed 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 VNET Group might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

VNET Group  (HAM:217A) 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

VNET Group Moat Score Related Terms

HAM:217A vs INOD, KD, BBAI: Moat Score Comparison

For the Information Technology Services subindustry, VNET Group'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.

VNET Group Moat Score vs Software Industry

For the Software industry and Technology sector, VNET Group's Moat Score distribution charts can be found below:

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


HAM:217A
54GF Score
VNET Group Inc HAM:217A
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?
VNET Group (HAM:217A) has a Moat Score of 6 as of Jul. 12, 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, VNET Group ranks #60 out of 2838 companies in the Software industry, placing it in the top 2.1%.
Is VNET Group's Moat Score too high?
VNET Group's current Moat Score is 6. Based on the distribution chart, VNET Group ranks #60 out of 2838 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, VNET Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Moat Score compare to INOD and KD?
According to the Software industry distribution chart, VNET Group ranks #60 out of 2838 companies for Moat Score. This places VNET Group in the top 2% 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 Software company?
A good Moat Score depends on the Software 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. VNET Group'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 VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current Moat Score of 6. The stock's GF Value™ is €3.77, compared to a current price of €7.02 — trading 86.2% above its estimated fair value. The current Moat Score is 6. VNET Group's overall GF Score™ is 54/100 with 8 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 VNET Group (HAM:217A), the current Moat Score is 6 as of Jul. 12, 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 VNET Group (HAM:217A) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of €7.02 is trading 86.2% above its estimated GF Value™ of €3.77.

Key valuation signals for HAM:217A:

  • Moat Score: 6
  • GF Value™: €3.77 vs. price of €7.02 (86.2% above fair value)
  • GF Score™: 54/100 with 8 warning signs

No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

VNET Group Business Description

Other Exchanges VNET:USA217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
54GF Score

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

€7.02
Price
€3.77
GF Value