Does EVOLUTION PETROLEUM CORP have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores EVOLUTION PETROLEUM CORP (EPM) 45.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 74, returns on capital 53, balance-sheet safety 28, capital discipline 11.

Is EPM 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 $1.32 per share versus a recent price of $3.81 — 189% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has EPM's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 45.7 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

EVOLUTION PETROLEUM CORP

EPM · Materials · $130.8M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power74

Median gross margin 49.3% over 5y, stable.

Returns on capital53

Median ROIC 13.1%, above the 9% hurdle in 50% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage 1x.

Capital discipline11

Owner earnings -26.9%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

189% above value

Owner earnings (normalized): $4.1M
Est. intrinsic value / share: $1.32
Recent price: $3.81
Discount to value: 189% 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 EPM 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 scale45.7 / 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 — EPM 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.

Materials context

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

Nearest peers by Moat Score

#80HNI HNI Corporation46.4 out of 100, Shallow moatShallow moat
#81LUVU Luvu Brands, Inc.45.9 out of 100, Shallow moatShallow moat
#83REI Ring Energy, Inc.45.3 out of 100, Shallow moatShallow moat
#84SON SONOCO PRODUCTS CO45.0 out of 100, Shallow moatShallow moat

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

Common questions about EPM

Does EVOLUTION PETROLEUM CORP have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores EVOLUTION PETROLEUM CORP (EPM) 45.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 74, returns on capital 53, balance-sheet safety 28, capital discipline 11.
Is EPM 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 $1.32 per share versus a recent price of $3.81 — 189% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has EPM's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 45.7 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 EPM. See the disclaimer.