Does Abacus Global Management, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Abacus Global Management, Inc. (ABX) 51.0 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 24, balance-sheet safety 9, capital discipline 60.

Is ABX stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $4.10 per share versus a recent price of $10.36 — 153% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has ABX's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 51.0 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Abacus Global Management, Inc.

ABX · Other · $1.0B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power100

Median gross margin 88.8% over 4y, very stable.

Returns on capital24

Median ROIC 7.9%, above the 9% hurdle in 33% of years.

Balance-sheet safety9

Net debt/EBITDA 3.4x, interest coverage 2x.

Capital discipline60

Owner earnings +19.6%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

153% above value

Owner earnings (normalized): $22.2M
Est. intrinsic value / share: $4.10
Recent price: $10.36
Discount to value: 153% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

6 years of fundamentals

The business, in plain English

Abacus Global Management, Inc. booked $235.2M of revenue in FY2025 in the Other sector and kept 87.7% of it as gross profit — a high-margin business by that measure. After every other cost, 15.5% of each revenue dollar reached the bottom line.

It earned 7.9% on invested capital in FY2025, with a median of 7.9% across 3 filed years. The Returns on Capital filter above scores it 24/100.

The balance sheet carried $405.8M of total debt in FY2025 against $54.2M of owner earnings — roughly 7.5 years of owner earnings to retire it all. Balance-Sheet Safety scores it 9/100.

Put together: Pricing Power is the strongest of the four filters (100/100) and Balance-Sheet Safety the weakest (9/100), which is how ABX lands at 51/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$235.2M FY2025

Gross marginRevenue kept after cost of goods87.7% FY2025

Return on invested capitalOperating profit on the capital employed7.9% FY2025

Owner earningsCash an owner could take out$54.2M FY2025

Gaps in a line mean that item isn’t in ABX’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale51.0 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — ABX has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Other context

#9 of 12 scored Other companies, ranked by Moat Score.

Nearest peers by Moat Score

#7CBOE Cboe Global Markets, Inc.64.9 out of 100, Narrow moatNarrow moat
#8NDAQ Nasdaq, Inc.53.8 out of 100, Shallow moatShallow moat
#10HKHC HORIZON KINETICS HOLDING CORPORATION48.0 out of 100, Shallow moatShallow moat
#11DOMH DOMINARI HOLDINGS INC.28.8 out of 100, No moatNo moat

Compare ABX with its nearest peers →All Other companies on the Index →

Common questions about ABX

Does Abacus Global Management, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Abacus Global Management, Inc. (ABX) 51.0 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 24, balance-sheet safety 9, capital discipline 60.
Is ABX stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $4.10 per share versus a recent price of $10.36 — 153% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has ABX's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 51.0 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell ABX. See the disclaimer.