XTB (STU:9PR) Moat Score: 0/10 (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:9PR XTB SA STU:9PR
91 GF Score
Price €29.26
GF Value €22.54
Valuation Modestly Overvalued
! 8 Warning Signs
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What is XTB Moat Score?

XTB has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

XTB has

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 XTB might have No Moat - No discernible moat.

XTB  (STU:9PR) 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

XTB Moat Score Related Terms

STU:9PR
91GF Score
XTB SA STU:9PR
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is XTB (STU:9PR) Overvalued in 2026?

Based on GuruFocus' analysis, XTB stock appears to be overvalued. The current stock price of €29.26 is trading 29.8% above its estimated GF Value™ of €22.54. GuruFocus considers XTB to be Modestly Overvalued.

Key valuation signals for STU:9PR:

  • Moat Score: 0
  • GF Value™: €22.54 vs. price of €29.26 (29.8% above fair value)
  • GF Score™: 91/100 with 8 warning signs

No single metric tells the full story. See the STU:9PR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

XTB Business Description

Other Exchanges XTB:Poland0RGR:UK
Address Prosta street 67, Warsaw, POL, 00-838
XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
91GF Score

Get the complete analysis for STU:9PR

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

€29.26
Price
€22.54
GF Value