Zalando SE (HAM:ZAL) Moat Score: 6/10 (As of Jul. 03, 2026)


HAM:ZAL Zalando SE HAM:ZAL
84 GF Score
Price €26.00
GF Value €31.84
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Zalando SE Moat Score?

Zalando SE HAM:ZAL +4.88% 84 Moat Score is 6 as of Jul. 03, 2026. GuruFocus rates HAM:ZAL with a GF Score™ of 84/100 and a GF Value™ of €31.84 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,118 Retail - Cyclical companies, Zalando SE ranks better than 97.85% on this metric.

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

Zalando SE has Narrow Moat: Zalando SE has a strong narrow moat with a robust distribution network and brand strength in the European e-commerce market. It benefits from economies of scale and customer loyalty, but lacks the pricing power and regulatory barriers 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 Zalando SE might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Zalando SE  (HAM:ZAL) 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

Zalando SE Moat Score Related Terms

HAM:ZAL vs AMZN, BABA, PDD: Moat Score Comparison

For the Internet Retail subindustry, Zalando SE'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.

Zalando SE Moat Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Moat Score distribution charts can be found below:

* The bar in red indicates where Zalando SE's Moat Score falls into.


HAM:ZAL
84GF Score
Zalando SE HAM:ZAL
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?
Zalando SE (HAM:ZAL) has a Moat Score of 6 as of Jul. 03, 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, Zalando SE ranks #24 out of 1118 companies in the Retail - Cyclical industry, placing it in the top 2.1%.
Is Zalando SE's Moat Score too high?
Zalando SE's current Moat Score is 6. Based on the distribution chart, Zalando SE ranks #24 out of 1118 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Zalando SE has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zalando SE's Moat Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Zalando SE ranks #24 out of 1118 companies for Moat Score. This places Zalando SE 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 Retail - Cyclical company?
A good Moat Score depends on the Retail - Cyclical 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. Zalando SE'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 Zalando SE stock overvalued right now?
Based on GuruFocus' analysis, Zalando SE (HAM:ZAL) is currently considered Modestly Undervalued. The stock's GF Value™ is €31.84, compared to a current price of €26.00 — trading 18.3% below its estimated fair value. The current Moat Score is 6. Zalando SE's overall GF Score™ is 84/100 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 Zalando SE (HAM:ZAL), the current Moat Score is 6 as of Jul. 03, 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 Zalando SE (HAM:ZAL) Overvalued in 2026?

Based on GuruFocus' analysis, Zalando SE stock appears to be undervalued. The current stock price of €26.00 is trading 18.3% below its estimated GF Value™ of €31.84. GuruFocus considers Zalando SE to be Modestly Undervalued.

Key valuation signals for HAM:ZAL:

  • Moat Score: 6
  • GF Value™: €31.84 vs. price of €26.00 (18.3% below fair value)
  • GF Score™: 84/100 with 8 warning signs

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

Zalando SE Business Description

Address Valeska-Gert-Strabe 5, Berlin, DEU, 10243
Zalando, founded in 2008, is Europe's biggest pure-play online fashion platform. Zalando is present in 25 European countries, and its major market is the DACH region, comprising Germany, Austria, and Switzerland. After the About You acquisition, it has 17 fulfillment centers, offers over 7,000 brands, and as of September 2025, had 62 million active users (more than 10% of the population in countries where the firm has a presence).
84GF Score

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

€26.00
Price
€31.84
GF Value