Pyramid AG (HAM:M3B0) Moat Score: 0/10 (As of Aug. 13, 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:M3B0 Pyramid AG HAM:M3B0
38 GF Score
Price €1.33
GF Value €4.25
Valuation Possible Value Trap
! 3 Warning Signs
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What is Pyramid AG Moat Score?

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

Pyramid 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 Pyramid AG might have No Moat - No discernible moat.

Pyramid AG  (HAM:M3B0) 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

Pyramid AG Moat Score Related Terms

HAM:M3B0
38GF Score
Pyramid AG HAM:M3B0
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Pyramid AG (HAM:M3B0) Overvalued in 2026?

Based on GuruFocus' analysis, Pyramid AG stock appears to be undervalued. The current stock price of €1.33 is trading 68.7% below its estimated GF Value™ of €4.25. GuruFocus considers Pyramid AG to be Possible Value Trap.

Key valuation signals for HAM:M3B0:

  • Moat Score: 0
  • GF Value™: €4.25 vs. price of €1.33 (68.7% below fair value)
  • GF Score™: 38/100 with 3 warning signs

No single metric tells the full story. See the HAM:M3B0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pyramid AG Business Description

Other Exchanges M3B0:Germany
Address Sendlinger-Tor-Platz 8, Munich, DEU, 80336
Pyramid AG Formerly mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.
38GF Score

Get the complete analysis for HAM:M3B0

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

€1.33
Price
€4.25
GF Value