Does CLEARFIELD, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores CLEARFIELD, INC. (CLFD) 55.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 53, returns on capital 35, balance-sheet safety 100, capital discipline 48.

Is CLFD 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 $16.52 per share versus a recent price of $30.64 — 85% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has CLFD's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 55.9 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

CLEARFIELD, INC.

CLFD · Technology · $424.0M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power53

Median gross margin 40.3% over 10y, stable.

Returns on capital35

Median ROIC 9.0%, above the 9% hurdle in 50% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline48

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

Margin of safety

Above valueOn sale

85% above value

Owner earnings (normalized): $20.6M
Est. intrinsic value / share: $16.52
Recent price: $30.64
Discount to value: 85% 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 CLFD 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 scale55.9 / 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 — CLFD 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.

Technology context

#165 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#163NTNX NUTANIX, INC.56.0 out of 100, Shallow moatShallow moat
#164ZETA ZETA GLOBAL HOLDINGS CORP.56.0 out of 100, Shallow moatShallow moat
#166ENS ENERSYS55.8 out of 100, Shallow moatShallow moat
#167SMCI SUPER MICRO COMPUTER, INC.55.2 out of 100, Shallow moatShallow moat

Compare CLFD with its nearest peers →All Technology companies on the Index →

Common questions about CLFD

Does CLEARFIELD, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores CLEARFIELD, INC. (CLFD) 55.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 53, returns on capital 35, balance-sheet safety 100, capital discipline 48.
Is CLFD 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 $16.52 per share versus a recent price of $30.64 — 85% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has CLFD's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 55.9 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 CLFD. See the disclaimer.