Does Newegg Commerce, Inc. have an economic moat?

Based on its FY2012 SEC filings, the Moat Index scores Newegg Commerce, Inc. (NEGG) 56.6 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 66, returns on capital 65, balance-sheet safety 73, capital discipline 15.

Is NEGG 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 $7.71 per share versus a recent price of $12.99 — 68% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has NEGG's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 56.6 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

Newegg Commerce, Inc.

NEGG · Consumer Discretionary · $60.0M mkt cap · FY2012 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power66

Median gross margin 38.0% over 3y, very stable.

Returns on capital65

Median ROIC 11.9%, above the 9% hurdle in 100% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 29x.

Capital discipline15

Owner earnings -16.0%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

68% above value

Owner earnings (normalized): $3.2M
Est. intrinsic value / share: $7.71
Recent price: $12.99
Discount to value: 68% 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 NEGG 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 scale56.6 / 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 — NEGG 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.

Consumer Discretionary context

#125 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#123FORR FORRESTER RESEARCH, INC.56.6 out of 100, Shallow moatShallow moat
#124LINC LINCOLN EDUCATIONAL SERVICES CORPORATION56.6 out of 100, Shallow moatShallow moat
#126ALV AUTOLIV, INC.55.9 out of 100, Shallow moatShallow moat
#127WLDN Willdan Group, Inc.55.9 out of 100, Shallow moatShallow moat

Compare NEGG with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about NEGG

Does Newegg Commerce, Inc. have an economic moat?: Based on its FY2012 SEC filings, the Moat Index scores Newegg Commerce, Inc. (NEGG) 56.6 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 66, returns on capital 65, balance-sheet safety 73, capital discipline 15.
Is NEGG 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 $7.71 per share versus a recent price of $12.99 — 68% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has NEGG's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 56.6 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 NEGG. See the disclaimer.