SPWH (Sportsman's Warehouse Holdings) Moat Score: 4/10 (As of Jun. 28, 2026)


SPWH Sportsman's Warehouse Holdings Inc SPWH
51 GF Score
Price $1.26
GF Value $2.64
Valuation Possible Value Trap
! 7 Warning Signs
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What is Sportsman's Warehouse Holdings Moat Score?

Sportsman's Warehouse Holdings SPWH +2.02% 51 Moat Score is 4 as of Jun. 28, 2026. GuruFocus rates SPWH with a GF Score™ of 51/100 and a GF Value™ of $2.64 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,122 Retail - Cyclical companies, Sportsman's Warehouse Holdings ranks better than 88.68% on this metric.

Sportsman's Warehouse Holdings has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Sportsman's Warehouse Holdings has Narrow Moat: Sportsman's Warehouse Holdings Inc has a discernible but modest moat due to its niche market focus and brand recognition in outdoor sporting goods. However, it faces intense competition and lacks significant pricing power or proprietary technology to achieve a stronger 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 Sportsman's Warehouse Holdings might have Narrow Moat - Discernible but modest moat.

Sportsman's Warehouse Holdings  (NAS:SPWH) 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

Sportsman's Warehouse Holdings Moat Score Related Terms

SPWH vs ABLV, LESL, PTLE: Moat Score Comparison

For the Specialty Retail subindustry, Sportsman's Warehouse 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.

Sportsman's Warehouse Holdings Moat Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sportsman's Warehouse Holdings's Moat Score distribution charts can be found below:

* The bar in red indicates where Sportsman's Warehouse Holdings's Moat Score falls into.


SPWH
51GF Score
Sportsman's Warehouse Holdings Inc SPWH
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?
Sportsman's Warehouse Holdings (SPWH) has a Moat Score of 4 as of Jun. 28, 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, Sportsman's Warehouse Holdings ranks #127 out of 1122 companies in the Retail - Cyclical industry, placing it in the top 11.3%.
Is Sportsman's Warehouse Holdings' Moat Score too high?
Sportsman's Warehouse Holdings' current Moat Score is 4. Based on the distribution chart, Sportsman's Warehouse Holdings ranks #127 out of 1122 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Sportsman's Warehouse Holdings has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sportsman's Warehouse Holdings' Moat Score compare to ABLV and LESL?
According to the Retail - Cyclical industry distribution chart, Sportsman's Warehouse Holdings ranks #127 out of 1122 companies for Moat Score. This places Sportsman's Warehouse Holdings in the top 11% 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 Retail - Cyclical company?
A good Moat Score depends on the Retail - Cyclical 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. Sportsman's Warehouse Holdings'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 Sportsman's Warehouse Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sportsman's Warehouse Holdings (SPWH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.64, compared to a current price of $1.26 — trading 52.3% below its estimated fair value. The current Moat Score is 4. Sportsman's Warehouse Holdings' overall GF Score™ is 51/100 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 Sportsman's Warehouse Holdings (SPWH), the current Moat Score is 4 as of Jun. 28, 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 Sportsman's Warehouse Holdings (SPWH) Overvalued in 2026?

Based on GuruFocus' analysis, Sportsman's Warehouse Holdings stock appears to be undervalued. The current stock price of $1.26 is trading 52.3% below its estimated GF Value™ of $2.64. GuruFocus considers Sportsman's Warehouse Holdings to be Possible Value Trap.

Key valuation signals for SPWH:

  • Moat Score: 4
  • GF Value™: $2.64 vs. price of $1.26 (52.3% below fair value)
  • GF Score™: 51/100 with 7 warning signs

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

Sportsman's Warehouse Holdings Business Description

Other Exchanges 0A8T:UK06S:Germany
Address 1475 West 9000 South, Suite A, West Jordan, UT, USA, 84088
Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer. It provides a one-stop shopping experience that equips customers with the right quality, brand name hunting, shooting, fishing, and camping gear to maximize enjoyment of the outdoors. The company offers products in the categories of Camping, Apparel, Fishing, Footwear, Hunting and shooting, and Optics, Electronics, Accessories, and Other products. It provides products such as Backpacks, Jackets, Camp essentials, Hiking boots, GPS devices, ATV accessories and Fishing rods, among others. The company also offers an e-commerce experience, extensive in-store events and educational programming.
51GF Score

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

$1.26
Price
$2.64
GF Value