GRAFTECH INTERNATIONAL LTD.
EAF · Industrials · $192M mkt cap · FY2025 filings · · not refreshed in 34 days · Shallow moat ·
Price verdict withheld — value if growth stopped today unreliable
The five investor questions
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $1.3B to $504M, decreasing; diluted EPS 14.60 to -8.45, decreasing.
Median gross margin 29.6% over 10y, variable.
Median ROIC 19.5%, above the 12% hurdle in 50% of years.
Net debt/EBITDA n/ax, interest coverage -1x.
Owner earnings changed trend unclear over up to the ten most recent annual observations.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- Not reported
- Unavailable — insufficient owner-earnings data
- Unavailable — insufficient growth-model data
- $7.44
- No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. EAF revenue fell in each of the three most recent year-over-year FY comparisons, so this estimate is flagged as unreliable for this company.
Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.
Score records captured Jul 26, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY
Missing a usable price or zero-growth estimate: ANF, BKNG.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
20 years of fundamentals
The business, in plain English
GRAFTECH INTERNATIONAL LTD. booked $504M of revenue in FY2025 in the Industrials sector and kept −3.1% of it as gross profit — a thin-margin business by that measure. After every other cost, −43.6% of each revenue dollar reached the bottom line.
Across the filed record, revenue shrank from $1.0B (FY2007) to $504M (FY2025) — about −3.8% a year compounded over 18 years.
It earned −8.7% on invested capital in the latest filed year, FY2025. Across the full 18-year measurable filed record, median ROIC was 8.4%. Over the v3 recent window (10 measurable filed years), median ROIC was 19.5%. The Returns on Capital filter above scores it 80/100.
The balance sheet carried $1.1B of total debt in FY2025. Balance-Sheet Safety scores it 28/100.
Put together: Returns on Capital is the strongest of the five filters (80/100) and Business Trend the weakest (15/100), which is how EAF lands at 42/100 — 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.
Gaps in a line mean that item isn’t in EAF’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.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Aug 30, 2026.
157 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
No reported Form 4 rows were captured for EAF; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.
A filing source-event date will appear when a Form 4 row is captured.
Retrieved .
Track record
How GRAFTECH INTERNATIONAL LTD.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored EAF on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, EAF did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Industrials context
#228 of 446 scored Industrials companies, ranked by Moat Score.
Nearest peers by Moat Score
- #226NTIC NORTHERN TECHNOLOGIES INTERNATIONAL CORP42.1 out of 100, Shallow moatShallow moat
- #227HELE HELEN OF TROY LIMITED41.9 out of 100, Shallow moatShallow moat
- #229WLFC WILLIS LEASE FINANCE CORP41.9 out of 100, Shallow moatShallow moat
- #230CNTM ConnectM Technology Solutions, Inc.41.9 out of 100, Shallow moatShallow moat
Compare EAF with its nearest peers →All Industrials companies on the Index →
Common questions about EAF
- Does GRAFTECH INTERNATIONAL LTD. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores GRAFTECH INTERNATIONAL LTD. (EAF) 41.9 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 15, pricing power 23, returns on capital 80, balance-sheet safety 28, capital allocation 64.
- How has EAF's Moat Score changed over time?
- The record logs 15 readings since Jul 17, 2026; the latest reads 41.9 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.