Oil and Gas Exploration and Production AD (XBUL:NGAZ) Moat Score: 0/10 (As of Aug. 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.
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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.

XBUL:NGAZ Oil and Gas Exploration and Production AD XBUL:NGAZ
64 GF Score
Price €2.16
GF Value €3.67
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Oil and Gas Exploration and Production AD Moat Score?

Oil and Gas Exploration and Production AD has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Oil and Gas Exploration and Production AD 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 Oil and Gas Exploration and Production AD might have No Moat - No discernible moat.

Oil and Gas Exploration and Production AD  (XBUL:NGAZ) 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

Oil and Gas Exploration and Production AD Moat Score Related Terms

XBUL:NGAZ
64GF Score
Oil and Gas Exploration and Production AD XBUL:NGAZ
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Oil and Gas Exploration and Production AD (XBUL:NGAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD stock appears to be undervalued. The current stock price of €2.16 is trading 41.1% below its estimated GF Value™ of €3.67. GuruFocus considers Oil and Gas Exploration and Production AD to be Significantly Undervalued.

Key valuation signals for XBUL:NGAZ:

  • Moat Score: 0
  • GF Value™: €3.67 vs. price of €2.16 (41.1% below fair value)
  • GF Score™: 64/100 with 4 warning signs

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

Oil and Gas Exploration and Production AD Business Description

Industry EnergyOil & Gas
Address 2, Stefan Karadja Street, Sofia, BGR, 1080
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.
64GF Score

Get the complete analysis for XBUL:NGAZ

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

€2.16
Price
€3.67
GF Value