Does SOLAREDGE TECHNOLOGIES, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores SOLAREDGE TECHNOLOGIES, INC. (SEDG) 44.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 25, returns on capital 88, balance-sheet safety 28, capital discipline 24.

Is SEDG 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 $6.32 per share versus a recent price of $53.47 — 746% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SEDG's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 44.4 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

SOLAREDGE TECHNOLOGIES, INC.

SEDG · Technology · $3.2B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power25

Median gross margin 31.3% over 10y, variable.

Returns on capital88

Median ROIC 26.2%, above the 9% hurdle in 67% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -219x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

746% above value

Owner earnings (normalized): $34.3M
Est. intrinsic value / share: $6.32
Recent price: $53.47
Discount to value: 746% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

14 years of fundamentals

The business, in plain English

SOLAREDGE TECHNOLOGIES, INC. booked $1.2B of revenue in FY2025 in the Technology sector and kept 16.6% of it as gross profit — a thin-margin business by that measure. After every other cost, −34.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $79.0M (FY2013) to $1.2B (FY2025) — about 25.3% a year compounded over 12 years.

It earned −351.7% on invested capital in FY2024, with a median of 29.4% across 10 filed years. The Returns on Capital filter above scores it 88/100.

The balance sheet carried $20.2M of total debt in FY2014. Balance-Sheet Safety scores it 28/100.

The share count rose 2048.1% between FY2014 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.

Put together: Returns on Capital is the strongest of the four filters (88/100) and Capital Discipline the weakest (24/100), which is how SEDG lands at 44/100 — 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.

RevenueSales, as filed$1.2B FY2025

Gross marginRevenue kept after cost of goods16.6% FY2025

Return on invested capitalOperating profit on the capital employed−351.7% FY2024

Owner earningsCash an owner could take out−$398.4M FY2025

Gaps in a line mean that item isn’t in SEDG’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.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale44.4 / 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 — SEDG 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

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

Nearest peers by Moat Score

#246SCKT SOCKET MOBILE, INC.44.5 out of 100, Shallow moatShallow moat
#247HLIT HARMONIC INC.44.4 out of 100, Shallow moatShallow moat
#249CACI CACI International Inc44.3 out of 100, Shallow moatShallow moat
#250NET CLOUDFLARE, INC.44.3 out of 100, Shallow moatShallow moat

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

Common questions about SEDG

Does SOLAREDGE TECHNOLOGIES, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores SOLAREDGE TECHNOLOGIES, INC. (SEDG) 44.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 25, returns on capital 88, balance-sheet safety 28, capital discipline 24.
Is SEDG 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 $6.32 per share versus a recent price of $53.47 — 746% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SEDG's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 44.4 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 SEDG. See the disclaimer.