Does LIMBACH HOLDINGS, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores LIMBACH HOLDINGS, INC. (LMB) 41.6 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 4, returns on capital 38, balance-sheet safety 85, capital discipline 60.

Is LMB stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $41.39 per share versus a recent price of $72.75 — 76% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has LMB's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 41.6 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

LIMBACH HOLDINGS, INC.

LMB · Industrials · $845.9M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power4

Median gross margin 17.5% over 9y, variable.

Returns on capital38

Median ROIC 9.4%, above the 9% hurdle in 56% of years.

Balance-sheet safety85

Net debt/EBITDA 0.4x, interest coverage 16x.

Capital discipline60

Owner earnings +30.0%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

76% above value

Owner earnings (normalized): $26.7M
Est. intrinsic value / share: $41.39
Recent price: $72.75
Discount to value: 76% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for LMB 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 scale41.6 / 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 — LMB 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.

Industrials context

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

Nearest peers by Moat Score

#144GDC GD CULTURE GROUP LIMITED42.0 out of 100, Shallow moatShallow moat
#145FSTR L.B. Foster Company41.6 out of 100, Shallow moatShallow moat
#147ARW ARROW ELECTRONICS, INC.41.1 out of 100, Shallow moatShallow moat
#148NPWR NET Power Inc.40.8 out of 100, Shallow moatShallow moat

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

Common questions about LMB

Does LIMBACH HOLDINGS, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores LIMBACH HOLDINGS, INC. (LMB) 41.6 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 4, returns on capital 38, balance-sheet safety 85, capital discipline 60.
Is LMB stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $41.39 per share versus a recent price of $72.75 — 76% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has LMB's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 41.6 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 LMB. See the disclaimer.