Pferdewetten de AG (HAM:EMH) Moat Score: 0/10 (As of Jul. 22, 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.

HAM:EMH Pferdewetten de AG HAM:EMH
65 GF Score
Price €2.28
GF Value €32.87
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Pferdewetten de AG Moat Score?

Pferdewetten de AG has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Pferdewetten de AG has

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 Pferdewetten de AG might have No Moat - No discernible moat.

Pferdewetten de AG  (HAM:EMH) 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

Pferdewetten de AG Moat Score Related Terms

HAM:EMH
65GF Score
Pferdewetten de AG HAM:EMH
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Pferdewetten de AG (HAM:EMH) Overvalued in 2026?

Based on GuruFocus' analysis, Pferdewetten de AG stock appears to be undervalued. The current stock price of €2.28 is trading 93.1% below its estimated GF Value™ of €32.87. GuruFocus considers Pferdewetten de AG to be Possible Value Trap.

Key valuation signals for HAM:EMH:

  • Moat Score: 0
  • GF Value™: €32.87 vs. price of €2.28 (93.1% below fair value)
  • GF Score™: 65/100 with 5 warning signs

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

Pferdewetten de AG Business Description

Other Exchanges EMH1:Germany
Address Schlossstrasse 38, Hamburg, DEU
Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.
65GF Score

Get the complete analysis for HAM:EMH

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

€2.28
Price
€32.87
GF Value