TMC (TMC The Metals Co) Moat Score: 4/10 (As of Jul. 11, 2026)


TMC TMC The Metals Co Inc TMC
30 GF Score
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What is TMC The Metals Co Moat Score?

TMC The Metals Co TMC +1.69% 30 Moat Score is 4 as of Jul. 11, 2026. GuruFocus rates TMC with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 2,607 Metals & Mining companies, TMC The Metals Co ranks better than 97.12% on this metric.

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

TMC The Metals Co has Narrow Moat: TMC The Metals Co Inc has a discernible but modest moat due to its focus on deep-sea mining, which presents some entry barriers. However, the company lacks strong brand strength, customer loyalty, and significant network effects. Its competitive advantages are not robust enough to be considered wide.

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 TMC The Metals Co might have Narrow Moat - Discernible but modest moat.

TMC The Metals Co  (NAS:TMC) 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

TMC The Metals Co Moat Score Related Terms

TMC vs SSMR, NEXA, NVA: Moat Score Comparison

For the Other Industrial Metals & Mining subindustry, TMC The Metals Co'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.

TMC The Metals Co Moat Score vs Metals & Mining Industry

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

* The bar in red indicates where TMC The Metals Co's Moat Score falls into.


TMC
30GF Score
TMC The Metals Co Inc TMC
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
TMC The Metals Co (TMC) has a Moat Score of 4 as of Jul. 11, 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, TMC The Metals Co ranks #75 out of 2607 companies in the Metals & Mining industry, placing it in the top 2.9%.
Is TMC The Metals Co's Moat Score too high?
TMC The Metals Co's current Moat Score is 4. The Metals & Mining industry median Moat Score is 1.00. TMC The Metals Co's value of 4 is 300% above this industry median. Based on the distribution chart, TMC The Metals Co ranks #75 out of 2607 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, TMC The Metals Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does TMC The Metals Co's Moat Score compare to SSMR and NEXA?
According to the Metals & Mining industry distribution chart, TMC The Metals Co ranks #75 out of 2607 companies for Moat Score. This places TMC The Metals Co in the top 3% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. TMC The Metals Co's value of 4 is 300% 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 2,607 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. TMC The Metals Co's current Moat Score of 4 is 300% 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. TMC The Metals Co'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 TMC The Metals Co stock overvalued right now?
TMC The Metals Co (TMC) has a current Moat Score of 4. The current Moat Score is 4 and 300% above the Metals & Mining industry median of 1.00. TMC The Metals Co's overall GF Score™ is 30/100 with 3 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 TMC The Metals Co (TMC), the current Moat Score is 4 as of Jul. 11, 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.

TMC The Metals Co Business Description

Address 1111 West Hastings Street, 15th Floor, Vancouver, BC, CAN, V6E 2J3
TMC The Metals Co Inc is a deep seabed minerals developer focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ), approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California. The company operates as a single operating and reportable segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.
30GF Score

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