Industrie De Nora SpA (MIL:DNR) Moat Score: 0/10 (As of Jul. 14, 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.
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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.

MIL:DNR Industrie De Nora SpA MIL:DNR
81 GF Score
Price €6.68
GF Value €9.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Industrie De Nora SpA Moat Score?

Industrie De Nora SpA has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Industrie De Nora SpA 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 Industrie De Nora SpA might have No Moat - No discernible moat.

Industrie De Nora SpA  (MIL:DNR) 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

Industrie De Nora SpA Moat Score Related Terms

MIL:DNR
81GF Score
Industrie De Nora SpA MIL:DNR
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Industrie De Nora SpA (MIL:DNR) Overvalued in 2026?

Based on GuruFocus' analysis, Industrie De Nora SpA stock appears to be undervalued. The current stock price of €6.68 is trading 26.1% below its estimated GF Value™ of €9.03. GuruFocus considers Industrie De Nora SpA to be Modestly Undervalued.

Key valuation signals for MIL:DNR:

  • Moat Score: 0
  • GF Value™: €9.03 vs. price of €6.68 (26.1% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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

Industrie De Nora SpA Business Description

Other Exchanges 0ABI:UKM3D:Germany
Address Via Leonardo Bistolfi, 35, Milan, ITA, 20134
Industrie De Nora SpA manufactures and distributes chemicals. The company is organized into three segments: the Electrode Technologies business, Energy Transition and the Water Technologies business. Electrode Technologies segment earns the majority of companies revenues. The company's products include Analyzers & Detectors, Anodes for Chlorine Evolution, Anodes for oxygen evolution, Cathodes for Hydrogen Evolution, Disinfection systems, Electrochlorination systems, Filtration Solutions, Membrane Technologies, Contaminant removal systems.
81GF Score

Get the complete analysis for MIL:DNR

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

€6.68
Price
€9.03
GF Value