SES (SGBAF) Moat Score: 4/10 (As of Jul. 04, 2026)


SGBAF SES SA SGBAF
82 GF Score
Price $9.05
GF Value $10.68
Valuation Modestly Undervalued
! 8 Warning Signs
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What is SES Moat Score?

SES SGBAF 82 Moat Score is 4 as of Jul. 04, 2026. GuruFocus rates SGBAF with a GF Score™ of 82/100 and a GF Value™ of $10.68 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,041 Media - Diversified companies, SES ranks better than 93.56% on this metric.

SES has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

SES has Narrow Moat: SES SA has a discernible but modest moat due to its satellite network and some regulatory barriers. It benefits from a specialized distribution network but faces competition from terrestrial and other satellite providers, limiting its competitive advantage.

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 SES might have Narrow Moat - Discernible but modest moat.

SES  (OTCPK:SGBAF) 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

SES Moat Score Related Terms

SGBAF vs NXST: Moat Score Comparison

For the Broadcasting subindustry, SES'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.

SES Moat Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SES's Moat Score distribution charts can be found below:

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


SGBAF
82GF Score
SES SA SGBAF
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 4 mean?
SES (SGBAF) has a Moat Score of 4 as of Jul. 04, 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, SES ranks #67 out of 1041 companies in the Media - Diversified industry, placing it in the top 6.4%.
Is SES's Moat Score too high?
SES's current Moat Score is 4. Based on the distribution chart, SES ranks #67 out of 1041 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, SES has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SES's Moat Score compare to NXST?
According to the Media - Diversified industry distribution chart, SES ranks #67 out of 1041 companies for Moat Score. This places SES 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 Media - Diversified company?
A good Moat Score depends on the Media - Diversified 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. SES's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SES stock overvalued right now?
Based on GuruFocus' analysis, SES (SGBAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.68, compared to a current price of $9.05 — trading 15.3% below its estimated fair value. The current Moat Score is 4. SES's overall GF Score™ is 82/100 with 8 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 SES (SGBAF), the current Moat Score is 4 as of Jul. 04, 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 SES (SGBAF) Overvalued in 2026?

Based on GuruFocus' analysis, SES stock appears to be undervalued. The current stock price of $9.05 is trading 15.3% below its estimated GF Value™ of $10.68. GuruFocus considers SES to be Modestly Undervalued.

Key valuation signals for SGBAF:

  • Moat Score: 4
  • GF Value™: $10.68 vs. price of $9.05 (15.3% below fair value)
  • GF Score™: 82/100 with 8 warning signs

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

SES Business Description

Address Chateau de Betzdorf, Betzdorf, Luxembourg, LUX, L-6815
SES SA is a communications satellite owner and operator and functions in the television broadcasting space. It operates in one operating segment, namely the provision of satellite-based data transmission capacity and ancillary services to customers around the world. The company's Network business operates a multi-orbit (MEO-GEO) constellation of satellites with the combination of global coverage, high performance, and a low-latency MEO system and partners with LEO. The company's Media business delivers quality viewing experiences to audiences world-wide.
82GF Score

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

$9.05
Price
$10.68
GF Value