Aperam (LUX:APAML) Moat Score: 4/10 (As of Jun. 29, 2026)


LUX:APAML Aperam SA LUX:APAML
84 GF Score
Price €25.94
GF Value €16.12
! 7 Warning Signs
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What is Aperam Moat Score?

Aperam LUX:APAML 84 Moat Score is 4 as of Jun. 29, 2026. GuruFocus rates LUX:APAML with a GF Score™ of 84/100 and a GF Value™ of €16.12. The stock has 7 warning signs investors should review. Among 645 Steel companies, Aperam ranks better than 95.81% on this metric.

Aperam has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Aperam has Narrow Moat: Aperam benefits from economies of scale in stainless steel production and a strong distribution network. However, the industry is highly competitive with limited customer switching costs, which constrains its pricing power and market leadership.

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 Aperam might have Narrow Moat - Discernible but modest moat.

Aperam  (LUX:APAML) 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

Aperam Moat Score Related Terms

LUX:APAML vs NUE, STLD, RS: Moat Score Comparison

For the Steel subindustry, Aperam'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.

Aperam Moat Score vs Steel Industry

For the Steel industry and Basic Materials sector, Aperam's Moat Score distribution charts can be found below:

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


LUX:APAML
84GF Score
Aperam SA LUX:APAML
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 4 mean?
Aperam (LUX:APAML) has a Moat Score of 4 as of Jun. 29, 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, Aperam ranks #27 out of 645 companies in the Steel industry, placing it in the top 4.2%.
Is Aperam's Moat Score too high?
Aperam's current Moat Score is 4. Based on the distribution chart, Aperam ranks #27 out of 645 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Aperam has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Aperam's Moat Score compare to NUE and STLD?
According to the Steel industry distribution chart, Aperam ranks #27 out of 645 companies for Moat Score. This places Aperam in the top 4% 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 Steel company?
A good Moat Score depends on the Steel 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. Aperam's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Aperam (LUX:APAML) has a current Moat Score of 4. The stock's GF Value™ is €16.12, compared to a current price of €25.94 — trading 60.9% above its estimated fair value. The current Moat Score is 4. Aperam's overall GF Score™ is 84/100 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 Aperam (LUX:APAML), the current Moat Score is 4 as of Jun. 29, 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 Aperam (LUX:APAML) Overvalued in 2026?

Based on GuruFocus' analysis, Aperam stock appears to be overvalued. The current stock price of €25.94 is trading 60.9% above its estimated GF Value™ of €16.12.

Key valuation signals for LUX:APAML:

  • Moat Score: 4
  • GF Value™: €16.12 vs. price of €25.94 (60.9% above fair value)
  • GF Score™: 84/100 with 7 warning signs

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

Aperam Business Description

Address 24-26 Boulevard d’Avranches, Luxembourg, LUX, 1160
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
84GF Score

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

€25.94
Price
€16.12
GF Value