MIAX (Miami International Holdings) Moat Score: 5/10 (As of Jul. 05, 2026)


MIAX Miami International Holdings Inc MIAX
39 GF Score
Price $40.84
! 2 Warning Signs
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What is Miami International Holdings Moat Score?

Miami International Holdings MIAX +4.58% 39 Moat Score is 5 as of Jul. 05, 2026. GuruFocus rates MIAX with a GF Score™ of 39/100. The stock has 2 warning signs investors should review. Among 840 Capital Markets companies, Miami International Holdings ranks better than 95.36% on this metric.

Miami International Holdings has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Miami International Holdings has Narrow Moat: Miami International Holdings has a solid narrow moat with a strong network effect in its exchange operations and some regulatory barriers. However, it faces competition from larger exchanges and has limited pricing power.

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 Miami International Holdings might have Narrow Moat - Solid narrow moat.

Miami International Holdings  (NYSE:MIAX) 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

Miami International Holdings Moat Score Related Terms

MIAX vs PJT, LAZ, MKTX: Moat Score Comparison

For the Capital Markets subindustry, Miami International Holdings'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.

Miami International Holdings Moat Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Miami International Holdings's Moat Score distribution charts can be found below:

* The bar in red indicates where Miami International Holdings's Moat Score falls into.


MIAX
39GF Score
Miami International Holdings Inc MIAX
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 5 mean?
Miami International Holdings (MIAX) has a Moat Score of 5 as of Jul. 05, 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, Miami International Holdings ranks #39 out of 840 companies in the Capital Markets industry, placing it in the top 4.6%.
Is Miami International Holdings' Moat Score too high?
Miami International Holdings' current Moat Score is 5. Based on the distribution chart, Miami International Holdings ranks #39 out of 840 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Miami International Holdings has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Miami International Holdings' Moat Score compare to PJT and LAZ?
According to the Capital Markets industry distribution chart, Miami International Holdings ranks #39 out of 840 companies for Moat Score. This places Miami International Holdings in the top 5% 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 Capital Markets company?
A good Moat Score depends on the Capital Markets 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. Miami International Holdings's current Moat Score is 5. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miami International Holdings stock overvalued right now?
Miami International Holdings (MIAX) has a current Moat Score of 5. The current Moat Score is 5. Miami International Holdings' overall GF Score™ is 39/100 with 2 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 Miami International Holdings (MIAX), the current Moat Score is 5 as of Jul. 05, 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.

Miami International Holdings Business Description

Address 7 Roszel Road, Suite 1A, Princeton, NJ, USA, 08540
Miami International Holdings Inc is engaged in operating regulated financial marketplaces across multiple asset classes using proprietary technology platforms. The company operates exchange markets for options, equities, futures, and international listings through its MIAX Exchanges, MIAX Futures Exchange, and the Bermuda Stock Exchange. The company operates through four reportable segments: Options, which provides trading and market data services for listed equity and ETP options; Equities, which provides trading services for U.S. equities and ETPs; Futures, which provides futures trading and clearing services through MIAX Futures; and International, which provides listing services for capital market instruments through the Bermuda Stock Exchange and The International Stock Exchange.
39GF Score

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