NCSM (NCS Multistage Holdings) Moat Score: 3/10 (As of Jul. 05, 2026)


NCSM NCS Multistage Holdings Inc NCSM
60 GF Score
Price $44.87
GF Value $26.00
Valuation Significantly Overvalued
! 4 Warning Signs
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What is NCS Multistage Holdings Moat Score?

NCS Multistage Holdings NCSM +3.46% 60 Moat Score is 3 as of Jul. 05, 2026. GuruFocus rates NCSM with a GF Score™ of 60/100 and a GF Value™ of $26.00 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,040 Oil & Gas companies, NCS Multistage Holdings ranks better than 76.44% on this metric.

NCS Multistage Holdings has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

NCS Multistage Holdings has No Moat: NCS Multistage Holdings Inc operates in the oil and gas services industry with limited market leadership and no significant cost advantages. The company lacks strong brand strength, intellectual property, or regulatory barriers to entry.

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 NCS Multistage Holdings might have No Moat - Very weak/transient advantages.

NCS Multistage Holdings  (NAS:NCSM) 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

NCS Multistage Holdings Moat Score Related Terms

NCSM vs QSEP, GEOS, STAK: Moat Score Comparison

For the Oil & Gas Equipment & Services subindustry, NCS Multistage 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.

NCS Multistage Holdings Moat Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NCS Multistage Holdings's Moat Score distribution charts can be found below:

* The bar in red indicates where NCS Multistage Holdings's Moat Score falls into.


NCSM
60GF Score
NCS Multistage Holdings Inc NCSM
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 3 mean?
NCS Multistage Holdings (NCSM) has a Moat Score of 3 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, NCS Multistage Holdings ranks #245 out of 1040 companies in the Oil & Gas industry, placing it in the top 23.6%.
Is NCS Multistage Holdings' Moat Score too high?
NCS Multistage Holdings' current Moat Score is 3. The Oil & Gas industry median Moat Score is 1.00. NCS Multistage Holdings' value of 3 is 200% above this industry median. Based on the distribution chart, NCS Multistage Holdings ranks #245 out of 1040 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NCS Multistage Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCS Multistage Holdings' Moat Score compare to QSEP and GEOS?
According to the Oil & Gas industry distribution chart, NCS Multistage Holdings ranks #245 out of 1040 companies for Moat Score. This places NCS Multistage Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. NCS Multistage Holdings' value of 3 is 200% above this benchmark. 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 an Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NCS Multistage Holdings's current Moat Score of 3 is 200% above the industry median. 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. For the Oil & Gas industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCS Multistage Holdings's current Moat Score is 3. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCS Multistage Holdings stock overvalued right now?
Based on GuruFocus' analysis, NCS Multistage Holdings (NCSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.00, compared to a current price of $44.87 — trading 72.6% above its estimated fair value. The current Moat Score is 3 and 200% above the Oil & Gas industry median of 1.00. NCS Multistage Holdings' overall GF Score™ is 60/100 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 NCS Multistage Holdings (NCSM), the current Moat Score is 3 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.

Is NCS Multistage Holdings (NCSM) Overvalued in 2026?

Based on GuruFocus' analysis, NCS Multistage Holdings stock appears to be overvalued. The current stock price of $44.87 is trading 72.6% above its estimated GF Value™ of $26.00. GuruFocus considers NCS Multistage Holdings to be Significantly Overvalued.

Key valuation signals for NCSM:

  • Moat Score: 3
  • GF Value™: $26.00 vs. price of $44.87 (72.6% above fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 200% above the Oil & Gas median (#245 of 1040)

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

NCS Multistage Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges MUH0:Germany
Address 19350 State Highway 249, Suite 600, Houston, TX, USA, 77070
NCS Multistage Holdings Inc is a provider of engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion, and field development strategies. The company provides its products and services to E&P companies for use in onshore and offshore wells, predominantly those drilled with horizontal laterals in unconventional and conventional oil and natural gas formations. It also provides tracer diagnostics services and sells products for well construction including casing buoyancy systems, liner hanger systems and toe initiation sleeves, along with certain complementary products from third parties. The company operates in the United States, Canada and other countries, with the majority of its revenue generated from Canada.
60GF Score

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$44.87
Price
$26.00
GF Value