NLB Banka a.d. Skopje (XMAE:TNB) Moat Score: 0/10 (As of Sep. 02, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

XMAE:TNB NLB Banka a.d. Skopje XMAE:TNB
81 GF Score
Price MKD51,900.00
GF Value MKD55,047.64
Valuation Fairly Valued
! 1 Warning Sign
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What is NLB Banka a.d. Skopje Moat Score?

NLB Banka a.d. Skopje has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

NLB Banka a.d. Skopje 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 NLB Banka a.d. Skopje might have No Moat - No discernible moat.

NLB Banka a.d. Skopje  (XMAE:TNB) 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

NLB Banka a.d. Skopje Moat Score Related Terms

XMAE:TNB
81GF Score
NLB Banka a.d. Skopje XMAE:TNB
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is NLB Banka a.d. Skopje (XMAE:TNB) Overvalued in 2026?

Based on GuruFocus' analysis, NLB Banka a.d. Skopje stock appears to be undervalued. The current stock price of MKD51,900.00 is trading 5.7% below its estimated GF Value™ of MKD55,047.64. GuruFocus considers NLB Banka a.d. Skopje to be Fairly Valued.

Key valuation signals for XMAE:TNB:

  • Moat Score: 0
  • GF Value™: MKD55,047.64 vs. price of MKD51,900.00 (5.7% below fair value)
  • GF Score™: 81/100 with 1 warning sign

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

NLB Banka a.d. Skopje Business Description

Address Majka Tereza No.1, Skopje, MKD, 1000
NLB Banka a.d. Skopje is a bank in the Republic of Macedonia. It provides general banking services like accepting deposits, granting loans and advances, foreign exchange, asset management, retail banking services, brokerage services, custody services, and many others. The bank operates in the Republic of Macedonia, EU countries, Non-EU countries in Europe, and other countries.
81GF Score

Get the complete analysis for XMAE:TNB

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

MKD51,900.00
Price
MKD55,047.64
GF Value