ZKH (ZKH Group) Moat Score: 3/10 (As of Jul. 15, 2026)

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ZKH ZKH Group Ltd ZKH
36 GF Score
Price $2.89
! 1 Warning Sign
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What is ZKH Group Moat Score?

ZKH Group ZKH -0.34% 36 Moat Score is 3 as of Jul. 15, 2026. GuruFocus rates ZKH with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 1,117 Retail - Cyclical companies, ZKH Group ranks better than 84.24% on this metric.

ZKH Group has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

ZKH Group has No Moat: ZKH Group Ltd shows limited market leadership and lacks significant customer switching costs or network effects. The company does not possess strong brand strength or valuable patents, and there are no substantial regulatory barriers or cost advantages. Its competitive advantages are weak and transient.

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 ZKH Group might have No Moat - Very weak/transient advantages.

ZKH Group  (NYSE:ZKH) 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

ZKH Group Moat Score Related Terms

ZKH vs NEGG, LOGC, BBBY: Moat Score Comparison

For the Internet Retail subindustry, ZKH 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.

ZKH Group Moat Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ZKH Group's Moat Score distribution charts can be found below:

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


ZKH
36GF Score
ZKH Group Ltd ZKH
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 3 mean?
ZKH Group (ZKH) has a Moat Score of 3 as of Jul. 15, 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, ZKH Group ranks #176 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 15.8%.
Is ZKH Group's Moat Score too high?
ZKH Group's current Moat Score is 3. Based on the distribution chart, ZKH Group ranks #176 out of 1117 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, ZKH Group has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does ZKH Group's Moat Score compare to NEGG and LOGC?
According to the Retail - Cyclical industry distribution chart, ZKH Group ranks #176 out of 1117 companies for Moat Score. This places ZKH Group in the top 16% 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 a Retail - Cyclical company?
A good Moat Score depends on the Retail - Cyclical 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. ZKH Group's current Moat Score is 3. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZKH Group stock overvalued right now?
ZKH Group (ZKH) has a current Moat Score of 3. The current Moat Score is 3. ZKH Group's overall GF Score™ is 36/100 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 ZKH Group (ZKH), the current Moat Score is 3 as of Jul. 15, 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.

ZKH Group Business Description

Address No. 36 Shenbin Road, 7th Floor, Tower 4, Libao Plaza, Minhang District, Shanghai, CHN, 201106
ZKH Group Ltd engages in providing MRO procurement service platform in China. It provides one-stop MRO procurement and management services for its customers, and offers digital and fulfillment solutions for participants along the industry value chain. It offers a broad range of MRO product offerings covering all MRO product lines on its platform, including spare parts, chemicals, manufacturing parts, general consumables, and office supplies. Majority of the revenues are derived from the PRC.
36GF Score

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

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