Does ALTA EQUIPMENT GROUP INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores ALTA EQUIPMENT GROUP INC. (ALTG) 31.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 47, returns on capital 9, balance-sheet safety 13, capital discipline 60.

Is ALTG 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 $23.15 per share versus a recent price of $6.38 — 72% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has ALTG's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 31.4 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

ALTA EQUIPMENT GROUP INC.

ALTG · Industrials · $205.1M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power47

Median gross margin 26.3% over 7y, very stable.

Returns on capital9

Median ROIC 3.6%, above the 9% hurdle in 25% of years.

Balance-sheet safety13

Net debt/EBITDA 3.0x, interest coverage 0x.

Capital discipline60

Owner earnings +24.2%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

72% below value

Owner earnings (normalized): $67.0M
Est. intrinsic value / share: $23.15
Recent price: $6.38
Discount to value: 72% below 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 ALTG 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 scale31.4 / 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 — ALTG 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.

Industrials context

#191 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#189AMRC Ameresco, Inc.31.6 out of 100, No moatNo moat
#190J JACOBS SOLUTIONS INC.31.4 out of 100, No moatNo moat
#192KOSS KOSS CORPORATION31.2 out of 100, No moatNo moat
#193ROAD Construction Partners, Inc.31.2 out of 100, No moatNo moat

Compare ALTG with its nearest peers →All Industrials companies on the Index →

Common questions about ALTG

Does ALTA EQUIPMENT GROUP INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores ALTA EQUIPMENT GROUP INC. (ALTG) 31.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 47, returns on capital 9, balance-sheet safety 13, capital discipline 60.
Is ALTG 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 $23.15 per share versus a recent price of $6.38 — 72% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has ALTG's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 31.4 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 ALTG. See the disclaimer.