NSRCF (NextSource Materials) Moat Score: 3/10 (As of Jul. 01, 2026)


NSRCF NextSource Materials Inc NSRCF
29 GF Score
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! 7 Warning Signs
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What is NextSource Materials Moat Score?

NextSource Materials NSRCF 29 Moat Score is 3 as of Jul. 01, 2026. GuruFocus rates NSRCF with a GF Score™ of 29/100. The stock has 7 warning signs investors should review. Among 2,611 Metals & Mining companies, NextSource Materials ranks better than 94.03% on this metric.

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

NextSource Materials has No Moat: NextSource Materials Inc has limited market share and lacks significant intellectual property or brand strength. The mining industry is highly competitive with minimal switching costs and no significant regulatory barriers.

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 NextSource Materials might have No Moat - Very weak/transient advantages.

NextSource Materials  (OTCPK:NSRCF) 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

NextSource Materials Moat Score Related Terms

NextSource Materials Moat Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, NextSource Materials'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.

NextSource Materials Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, NextSource Materials's Moat Score distribution charts can be found below:

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


NSRCF
29GF Score
NextSource Materials Inc NSRCF
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?
NextSource Materials (NSRCF) has a Moat Score of 3 as of Jul. 01, 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, NextSource Materials ranks #156 out of 2611 companies in the Metals & Mining industry, placing it in the top 6%.
Is NextSource Materials' Moat Score too high?
NextSource Materials' current Moat Score is 3. The Metals & Mining industry median Moat Score is 1.00. NextSource Materials' value of 3 is 200% above this industry median. Based on the distribution chart, NextSource Materials ranks #156 out of 2611 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, NextSource Materials has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does NextSource Materials' Moat Score compare to competitors?
According to the Metals & Mining industry distribution chart, NextSource Materials ranks #156 out of 2611 companies for Moat Score. This places NextSource Materials in the top 6% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. NextSource Materials' 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 a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,611 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. NextSource Materials'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 Metals & Mining 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. NextSource Materials'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 NextSource Materials stock overvalued right now?
NextSource Materials (NSRCF) has a current Moat Score of 3. The current Moat Score is 3 and 200% above the Metals & Mining industry median of 1.00. NextSource Materials' overall GF Score™ is 29/100 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 NextSource Materials (NSRCF), the current Moat Score is 3 as of Jul. 01, 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.

NextSource Materials Business Description

Other Exchanges 1JWA:GermanyNEXT:Canada
Address 130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2
NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The Company has two operating segments, consisting of mine development and BAF development. No commercial revenues have been generated by the Companys' segments. The company's Molo graphite project in Madagascar is one of the widely known and highest-quality graphite deposits globally and contains SuperFlake graphite. It also holds an interest in Green Giant Vanadium Project. Maximum of revenue is earned from Canada, followed by Madagascar, and Mauritius.
29GF Score

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