Does AMC Global Media Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores AMC Global Media Inc. (AMCX) 50.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 86, returns on capital 55, balance-sheet safety 0, capital discipline 40.

Is AMCX 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 $29.55 per share versus a recent price of $10.49 — 65% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has AMCX's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 50.5 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

AMC Global Media Inc.

AMCX · Communications · $593.6M mkt cap · FY2025 filings · Shallow moat ·

On the watchlist

Shallow moat

The four filters

Pricing power86

Median gross margin 51.2% over 10y, very stable.

Returns on capital55

Median ROIC 12.1%, above the 9% hurdle in 70% of years.

Balance-sheet safety0

Net debt/EBITDA 5.5x, interest coverage 1x.

Capital discipline40

Owner earnings -6.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

65% below value

Owner earnings (normalized): $150.5M
Est. intrinsic value / share: $29.55
Recent price: $10.49
Discount to value: 65% 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 AMCX 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 scale50.5 / 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 — AMCX 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.

Communications context

#19 of 56 scored Communications companies, ranked by Moat Score.

Nearest peers by Moat Score

#17LTH Life Time Group Holdings, Inc.51.3 out of 100, Shallow moatShallow moat
#18CXDO Crexendo, Inc.51.2 out of 100, Shallow moatShallow moat
#20CALX Calix, Inc48.5 out of 100, Shallow moatShallow moat
#21TDS TELEPHONE AND DATA SYSTEMS, INC.47.6 out of 100, Shallow moatShallow moat

Compare AMCX with its nearest peers →All Communications companies on the Index →

Common questions about AMCX

Does AMC Global Media Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores AMC Global Media Inc. (AMCX) 50.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 86, returns on capital 55, balance-sheet safety 0, capital discipline 40.
Is AMCX 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 $29.55 per share versus a recent price of $10.49 — 65% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has AMCX's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 50.5 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 AMCX. See the disclaimer.