Japan Tobacco (HAM:JAT) Moat Score: 6/10 (As of Jun. 27, 2026)


HAM:JAT Japan Tobacco Inc HAM:JAT
85 GF Score
Price €32.46
GF Value €27.18
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Japan Tobacco Moat Score?

Japan Tobacco HAM:JAT +1.41% 85 Moat Score is 6 as of Jun. 27, 2026. GuruFocus rates HAM:JAT with a GF Score™ of 85/100 and a GF Value™ of €27.18 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 54 Tobacco Products companies, Japan Tobacco ranks better than 92.59% on this metric.

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

Japan Tobacco has Narrow Moat: Japan Tobacco Inc benefits from strong brand strength and customer loyalty in its domestic market. It has significant regulatory barriers and exclusive licenses that protect its market position. However, the company faces challenges in international markets, limiting its moat to a strong narrow one.

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 Japan Tobacco might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Japan Tobacco  (HAM:JAT) 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

Japan Tobacco Moat Score Related Terms

HAM:JAT vs PM, MO, TPB: Moat Score Comparison

For the Tobacco subindustry, Japan Tobacco'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.

Japan Tobacco Moat Score vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Moat Score distribution charts can be found below:

* The bar in red indicates where Japan Tobacco's Moat Score falls into.


HAM:JAT
85GF Score
Japan Tobacco Inc HAM:JAT
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Japan Tobacco (HAM:JAT) has a Moat Score of 6 as of Jun. 27, 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, Japan Tobacco ranks #4 out of 54 companies in the Tobacco Products industry, placing it in the top 7.4%.
Is Japan Tobacco's Moat Score too high?
Japan Tobacco's current Moat Score is 6. Based on the distribution chart, Japan Tobacco ranks #4 out of 54 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Tobacco has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Tobacco's Moat Score compare to PM and MO?
According to the Tobacco Products industry distribution chart, Japan Tobacco ranks #4 out of 54 companies for Moat Score. This places Japan Tobacco 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 a Tobacco Products company?
A good Moat Score depends on the Tobacco Products 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. Japan Tobacco'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 Japan Tobacco stock overvalued right now?
Based on GuruFocus' analysis, Japan Tobacco (HAM:JAT) is currently considered Modestly Overvalued. The stock's GF Value™ is €27.18, compared to a current price of €32.46 — trading 19.4% above its estimated fair value. The current Moat Score is 6. Japan Tobacco's overall GF Score™ is 85/100 with 7 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 Japan Tobacco (HAM:JAT), the current Moat Score is 6 as of Jun. 27, 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 Japan Tobacco (HAM:JAT) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Tobacco stock appears to be overvalued. The current stock price of €32.46 is trading 19.4% above its estimated GF Value™ of €27.18. GuruFocus considers Japan Tobacco to be Modestly Overvalued.

Key valuation signals for HAM:JAT:

  • Moat Score: 6
  • GF Value™: €27.18 vs. price of €32.46 (19.4% above fair value)
  • GF Score™: 85/100 with 7 warning signs

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

Japan Tobacco Business Description

Address 4-1-1 Toranomon, Minato-ku, Tokyo, JPN, 105-6927
Japan Tobacco primarily sells cigarettes and reduced-risk products, organized in three clusters consisting of Asia (which includes its home market and countries in Asia Pacific), Western Europe, and EMA (which includes Eastern Europe, the Middle East North Africa, Turkey, Americas, and duty-free). Its leading cigarette brands include Winston (non-US), Camel (non-US), Mevius, and LD. Its reduced-risk brands include Logic in vaping, Ploom in heated tobacco, and Nordic Spirit in nicotine pouches, though these generates less than 5% of tobacco sales.
85GF Score

Get the complete analysis for HAM:JAT

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

€32.46
Price
€27.18
GF Value