UGP (Ultrapar Participacoes) Moat Score: 4/10 (As of Jun. 24, 2026)


UGP Ultrapar Participacoes SA UGP
77 GF Score
Price $4.90
GF Value $4.56
Valuation Fairly Valued
! 1 Warning Sign
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What is Ultrapar Participacoes Moat Score?

Ultrapar Participacoes UGP -0.91% 77 Moat Score is 4 as of Jun. 24, 2026. GuruFocus rates UGP with a GF Score™ of 77/100 and a GF Value™ of $4.56 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,040 Oil & Gas companies, Ultrapar Participacoes ranks better than 87.21% on this metric.

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

Ultrapar Participacoes has Narrow Moat: Ultrapar has a discernible but modest moat, primarily due to its market leadership in fuel distribution in Brazil. It benefits from economies of scale and a strong distribution network. However, the competitive landscape and lack of significant regulatory barriers or intellectual property limit its moat strength.

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 Ultrapar Participacoes might have Narrow Moat - Discernible but modest moat.

Ultrapar Participacoes  (NYSE:UGP) 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

Ultrapar Participacoes Moat Score Related Terms

UGP vs VLO, MPC, PSX: Moat Score Comparison

For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.

Ultrapar Participacoes Moat Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Moat Score distribution charts can be found below:

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


UGP
77GF Score
Ultrapar Participacoes SA UGP
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?
Ultrapar Participacoes (UGP) has a Moat Score of 4 as of Jun. 24, 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, Ultrapar Participacoes ranks #133 out of 1040 companies in the Oil & Gas industry, placing it in the top 12.8%.
Is Ultrapar Participacoes' Moat Score too high?
Ultrapar Participacoes' current Moat Score is 4. The Oil & Gas industry median Moat Score is 1.00. Ultrapar Participacoes' value of 4 is 300% above this industry median. Based on the distribution chart, Ultrapar Participacoes ranks #133 out of 1040 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ultrapar Participacoes has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' Moat Score compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ultrapar Participacoes ranks #133 out of 1040 companies for Moat Score. This places Ultrapar Participacoes in the top 13% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Ultrapar Participacoes' 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 an Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,040 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. Ultrapar Participacoes'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 Oil & Gas 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. Ultrapar Participacoes'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 Ultrapar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Ultrapar Participacoes (UGP) is currently considered Fairly Valued. The stock's GF Value™ is $4.56, compared to a current price of $4.90 — trading 7.3% above its estimated fair value. The current Moat Score is 4 and 300% above the Oil & Gas industry median of 1.00. Ultrapar Participacoes' overall GF Score™ is 77/100 with 1 warning sign 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 Ultrapar Participacoes (UGP), the current Moat Score is 4 as of Jun. 24, 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 Ultrapar Participacoes (UGP) Overvalued in 2026?

Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued. The current stock price of $4.90 is trading 7.3% above its estimated GF Value™ of $4.56. GuruFocus considers Ultrapar Participacoes to be Fairly Valued.

Key valuation signals for UGP:

  • Moat Score: 4
  • GF Value™: $4.56 vs. price of $4.90 (7.3% above fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 300% above the Oil & Gas median (#133 of 1040)

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

Ultrapar Participacoes Business Description

Industry EnergyOil & Gas
Address Brigadeiro Luis Antonio Avenue, 1343, 9th Floor, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Brazil. iii) Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers. iv) Hidrovias: operates in logistics solutions and waterway and multimodal infrastructure.
77GF Score

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$4.90
Price
$4.56
GF Value