Firstrand (NAM:FST) Moat Score: 5/10 (As of Jun. 24, 2026)


NAM:FST Firstrand Ltd NAM:FST
85 GF Score
Price R96.23
GF Value R84.35
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Firstrand Moat Score?

Firstrand NAM:FST -2.80% 85 Moat Score is 5 as of Jun. 24, 2026. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.35 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,610 Banks companies, Firstrand ranks better than 93.98% on this metric.

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

Firstrand has Narrow Moat: Firstrand Ltd benefits from a solid position in the South African banking sector, with a strong brand and customer loyalty. It has some pricing power and economies of scale. However, the competitive landscape and regulatory environment limit its ability to achieve 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 Firstrand might have Narrow Moat - Solid narrow moat.

Firstrand  (NAM:FST) 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

Firstrand Moat Score Related Terms

NAM:FST vs JPM, BAC, WFC: Moat Score Comparison

For the Banks - Diversified subindustry, Firstrand'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.

Firstrand Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, Firstrand's Moat Score distribution charts can be found below:

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


NAM:FST
85GF Score
Firstrand Ltd NAM:FST
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Firstrand (NAM:FST) has a Moat Score of 5 as of Jun. 24, 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, Firstrand ranks #97 out of 1610 companies in the Banks industry, placing it in the top 6%.
Is Firstrand's Moat Score too high?
Firstrand's current Moat Score is 5. Based on the distribution chart, Firstrand ranks #97 out of 1610 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Moat Score compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #97 out of 1610 companies for Moat Score. This places Firstrand in the top 6% 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 Banks company?
A good Moat Score depends on the Banks 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. Firstrand'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 Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.35, compared to a current price of R96.23 — trading 14.1% above its estimated fair value. The current Moat Score is 5. Firstrand's overall GF Score™ is 85/100 with 4 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 Firstrand (NAM:FST), the current Moat Score is 5 as of Jun. 24, 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 Firstrand (NAM:FST) Overvalued in 2026?

Based on GuruFocus' analysis, Firstrand stock appears to be overvalued. The current stock price of R96.23 is trading 14.1% above its estimated GF Value™ of R84.35. GuruFocus considers Firstrand to be Modestly Overvalued.

Key valuation signals for NAM:FST:

  • Moat Score: 5
  • GF Value™: R84.35 vs. price of R96.23 (14.1% above fair value)
  • GF Score™: 85/100 with 4 warning signs

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

Firstrand Business Description

Address Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score

Get the complete analysis for NAM:FST

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

R96.23
Price
R84.35
GF Value