Vicon Holdings (HKSE:03878) Moat Score: 0/10 (As of Sep. 12, 2026)

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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.
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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.

HKSE:03878 Vicon Holdings Ltd HKSE:03878
58 GF Score
Price HK$0.19
GF Value HK$0.11
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Vicon Holdings Moat Score?

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

Vicon Holdings 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 Vicon Holdings might have No Moat - No discernible moat.

Vicon Holdings  (HKSE:03878) 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

Vicon Holdings Moat Score Related Terms

HKSE:03878
58GF Score
Vicon Holdings Ltd HKSE:03878
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Vicon Holdings (HKSE:03878) Overvalued in 2026?

Based on GuruFocus' analysis, Vicon Holdings stock appears to be overvalued. The current stock price of HK$0.19 is trading 76.4% above its estimated GF Value™ of HK$0.11. GuruFocus considers Vicon Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:03878:

  • Moat Score: 0
  • GF Value™: HK$0.11 vs. price of HK$0.19 (76.4% above fair value)
  • GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the HKSE:03878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vicon Holdings Business Description

Address 133 Hoi Bun Road, Office D, 16th Floor, MG Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Vicon Holdings Ltd is a Hong Kong-based investment company. The company is engaged in foundation works and ancillary services. Geographically, the company derives the maximum of its revenue from Hong Kong. The company segments include construction works and leasing of construction machinery. The company earns maximum revenue from the construction segment. The company's foundation projects involve different types of construction works, such as piling construction, ELS works, pile cap construction, and general building work in Hong Kong.
58GF Score

Get the complete analysis for HKSE:03878

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

HK$0.19
Price
HK$0.11
GF Value