PHYS (Sprott Physical Gold Trust) Moat Score: 2/10 (As of Jul. 02, 2026)


PHYS Sprott Physical Gold Trust PHYS
43 GF Score
Price $31.04
GF Value $70.96
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Sprott Physical Gold Trust Moat Score?

Sprott Physical Gold Trust PHYS +2.19% 43 Moat Score is 2 as of Jul. 02, 2026. GuruFocus rates PHYS with a GF Score™ of 43/100 and a GF Value™ of $70.96 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,695 Asset Management companies, Sprott Physical Gold Trust ranks better than 80.06% on this metric.

Sprott Physical Gold Trust has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Sprott Physical Gold Trust has No Moat: Sprott Physical Gold Trust primarily holds physical gold, offering no significant market leadership, network effects, or intellectual property. The trust lacks brand strength, cost advantages, or regulatory barriers that would provide a competitive edge. Its value is tied to gold prices, not unique competitive advantages.

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 Sprott Physical Gold Trust might have No Moat - Very weak/transient advantages.

Sprott Physical Gold Trust  (ARCA:PHYS) 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

Sprott Physical Gold Trust Moat Score Related Terms

PHYS vs BLK, BX, KKR: Moat Score Comparison

For the Asset Management subindustry, Sprott Physical Gold Trust'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.

Sprott Physical Gold Trust Moat Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott Physical Gold Trust's Moat Score distribution charts can be found below:

* The bar in red indicates where Sprott Physical Gold Trust's Moat Score falls into.


PHYS
43GF Score
Sprott Physical Gold Trust PHYS
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 2 mean?
Sprott Physical Gold Trust (PHYS) has a Moat Score of 2 as of Jul. 02, 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, Sprott Physical Gold Trust ranks #338 out of 1695 companies in the Asset Management industry, placing it in the top 19.9%.
Is Sprott Physical Gold Trust's Moat Score too high?
Sprott Physical Gold Trust's current Moat Score is 2. Based on the distribution chart, Sprott Physical Gold Trust ranks #338 out of 1695 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Sprott Physical Gold Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Gold Trust's Moat Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Sprott Physical Gold Trust ranks #338 out of 1695 companies for Moat Score. This places Sprott Physical Gold Trust in the top 20% 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 an Asset Management company?
A good Moat Score depends on the Asset Management 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. Sprott Physical Gold Trust's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Gold Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Physical Gold Trust (PHYS) is currently considered Significantly Undervalued. The stock's GF Value™ is $70.96, compared to a current price of $31.04 — trading 56.3% below its estimated fair value. The current Moat Score is 2. Sprott Physical Gold Trust's overall GF Score™ is 43/100 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 Sprott Physical Gold Trust (PHYS), the current Moat Score is 2 as of Jul. 02, 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 Sprott Physical Gold Trust (PHYS) Overvalued in 2026?

Based on GuruFocus' analysis, Sprott Physical Gold Trust stock appears to be undervalued. The current stock price of $31.04 is trading 56.3% below its estimated GF Value™ of $70.96. GuruFocus considers Sprott Physical Gold Trust to be Significantly Undervalued.

Key valuation signals for PHYS:

  • Moat Score: 2
  • GF Value™: $70.96 vs. price of $31.04 (56.3% below fair value)
  • GF Score™: 43/100 with 2 warning signs

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

Sprott Physical Gold Trust Business Description

Other Exchanges PHYS.U:Canada
Address 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, P.O. Box 26, Toronto, ON, CAN, M5J 2J1
Sprott Physical Gold Trust is a closed-end mutual fund trust. The company provides a secure, convenient and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience associated with direct investment in physical gold bullion. The company invests mainly in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not and will not speculate about short-term changes in gold prices.
43GF Score

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

$31.04
Price
$70.96
GF Value