Does ACCO Brands Corporation have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores ACCO Brands Corporation (ACCO) 32.1 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 54, returns on capital 10, balance-sheet safety 0, capital discipline 64.

Is ACCO stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $3.07 per share versus a recent price of $4.08 — 33% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has ACCO's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 32.1 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

ACCO Brands Corporation

ACCO · Materials · $367.8M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power54

Median gross margin 32.5% over 10y, very stable.

Returns on capital10

Median ROIC 6.5%, above the 9% hurdle in 10% of years.

Balance-sheet safety0

Net debt/EBITDA 8.4x, interest coverage 2x.

Capital discipline64

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

33% above value

Owner earnings (normalized): $24.9M
Est. intrinsic value / share: $3.07
Recent price: $4.08
Discount to value: 33% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for ACCO yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.1 / 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 — ACCO has read No 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.

Materials context

#142 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#140KRO KRONOS WORLDWIDE, INC.32.3 out of 100, No moatNo moat
#141OC Owens Corning32.3 out of 100, No moatNo moat
#143OII OCEANEERING INTERNATIONAL INC31.7 out of 100, No moatNo moat
#144JELD JELD-WEN Holding, Inc.31.4 out of 100, No moatNo moat

Compare ACCO with its nearest peers →All Materials companies on the Index →

Common questions about ACCO

Does ACCO Brands Corporation have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores ACCO Brands Corporation (ACCO) 32.1 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 54, returns on capital 10, balance-sheet safety 0, capital discipline 64.
Is ACCO stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $3.07 per share versus a recent price of $4.08 — 33% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has ACCO's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 32.1 out of 100 (no 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 ACCO. See the disclaimer.