Hoenle AG (XTER:HNL) Moat Score: 0/10 (As of Jul. 16, 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.

XTER:HNL Hoenle AG XTER:HNL
76 GF Score
Price €8.48
GF Value €9.97
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Hoenle AG Moat Score?

Hoenle AG has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Hoenle AG 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 Hoenle AG might have No Moat - No discernible moat.

Hoenle AG  (XTER:HNL) 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

Hoenle AG Moat Score Related Terms

XTER:HNL
76GF Score
Hoenle AG XTER:HNL
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Hoenle AG (XTER:HNL) Overvalued in 2026?

Based on GuruFocus' analysis, Hoenle AG stock appears to be undervalued. The current stock price of €8.48 is trading 14.9% below its estimated GF Value™ of €9.97. GuruFocus considers Hoenle AG to be Modestly Undervalued.

Key valuation signals for XTER:HNL:

  • Moat Score: 0
  • GF Value™: €9.97 vs. price of €8.48 (14.9% below fair value)
  • GF Score™: 76/100 with 3 warning signs

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

Hoenle AG Business Description

Other Exchanges 0O27:UKHNLG:Austria
Address Nicolaus-Otto-Street 2, Gilching, Munich, BY, DEU, 82205
Hoenle AG develops, manufactures, and markets industrial UV technology. The company operates in UV, LED-UV, IR / HA, Inert-UV and Excimer systems and equipment, industrial adhesives, UV and IR lamps, UV measuring technology and reflectors and Electronic Power Supplies. The solutions provided by the company are Printing, Converting and Coating, Bonding, Potting and Fluorescence Testing, and Disinfection of Surfaces, Liquids and Gases.
76GF Score

Get the complete analysis for XTER:HNL

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

€8.48
Price
€9.97
GF Value