Naturgy Energy Group (WBO:GAS) Moat Score: 6/10 (As of Jul. 01, 2026)


WBO:GAS Naturgy Energy Group SA WBO:GAS
66 GF Score
Price €27.40
GF Value €22.43
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Naturgy Energy Group Moat Score?

Naturgy Energy Group WBO:GAS -1.44% 66 Moat Score is 6 as of Jul. 01, 2026. GuruFocus rates WBO:GAS with a GF Score™ of 66/100 and a GF Value™ of €22.43 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 548 Utilities - Regulated companies, Naturgy Energy Group ranks better than 93.07% on this metric.

Naturgy Energy Group has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Naturgy Energy Group has Narrow Moat: Naturgy Energy Group SA benefits from a strong position in the energy sector with significant regulatory barriers and a solid distribution network. While it has a discernible moat due to its market leadership and economies of scale, the competitive landscape and regulatory changes prevent it from achieving a wide moat status.

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 Naturgy Energy Group might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Naturgy Energy Group  (WBO:GAS) 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

Naturgy Energy Group Moat Score Related Terms

WBO:GAS vs ATO, NI, UGI: Moat Score Comparison

For the Utilities - Regulated Gas subindustry, Naturgy Energy Group'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.

Naturgy Energy Group Moat Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Naturgy Energy Group's Moat Score distribution charts can be found below:

* The bar in red indicates where Naturgy Energy Group's Moat Score falls into.


WBO:GAS
66GF Score
Naturgy Energy Group SA WBO:GAS
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 6 mean?
Naturgy Energy Group (WBO:GAS) has a Moat Score of 6 as of Jul. 01, 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, Naturgy Energy Group ranks #38 out of 548 companies in the Utilities - Regulated industry, placing it in the top 6.9%.
Is Naturgy Energy Group's Moat Score too high?
Naturgy Energy Group's current Moat Score is 6. Based on the distribution chart, Naturgy Energy Group ranks #38 out of 548 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Naturgy Energy Group has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naturgy Energy Group's Moat Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Naturgy Energy Group ranks #38 out of 548 companies for Moat Score. This places Naturgy Energy Group in the top 7% 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 an Utilities - Regulated company?
A good Moat Score depends on the Utilities - Regulated 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. Naturgy Energy Group's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naturgy Energy Group stock overvalued right now?
Based on GuruFocus' analysis, Naturgy Energy Group (WBO:GAS) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.43, compared to a current price of €27.40 — trading 22.2% above its estimated fair value. The current Moat Score is 6. Naturgy Energy Group's overall GF Score™ is 66/100 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 Naturgy Energy Group (WBO:GAS), the current Moat Score is 6 as of Jul. 01, 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 Naturgy Energy Group (WBO:GAS) Overvalued in 2026?

Based on GuruFocus' analysis, Naturgy Energy Group stock appears to be overvalued. The current stock price of €27.40 is trading 22.2% above its estimated GF Value™ of €22.43. GuruFocus considers Naturgy Energy Group to be Modestly Overvalued.

Key valuation signals for WBO:GAS:

  • Moat Score: 6
  • GF Value™: €22.43 vs. price of €27.40 (22.2% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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

Naturgy Energy Group Business Description

Address Avenida de America 38, Madrid, ESP
Naturgy stems from the 2008 acquisition of Union Fenosa. The company operates across the gas value chain, from procurement to distribution and marketing. It owns and operates the largest gas distribution network in Spain, where it is also the leading retail gas supplier. The company additionally operates gas and electricity distribution networks across several Latin American countries. It owns 17.9 GW of generation capacity, including 7.3 GW of wind and solar.
66GF Score

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

€27.40
Price
€22.43
GF Value