Does SURGE COMPONENTS, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores SURGE COMPONENTS, INC. (SPRS) 55.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 19, returns on capital 71, balance-sheet safety 100, capital discipline 44.

Is SPRS 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 $2.21 per share versus a recent price of $3.95 — 79% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SPRS's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 55.9 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

SURGE COMPONENTS, INC.

SPRS · Industrials · $22.6M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power19

Median gross margin 27.5% over 10y, variable.

Returns on capital71

Median ROIC 16.5%, above the 9% hurdle in 60% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

79% above value

Owner earnings (normalized): $1.1M
Est. intrinsic value / share: $2.21
Recent price: $3.95
Discount to value: 79% 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 SPRS 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 scale55.9 / 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 — SPRS 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

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

Nearest peers by Moat Score

#90CXT CRANE NXT, CO.57.3 out of 100, Shallow moatShallow moat
#91TNC TENNANT CO56.8 out of 100, Shallow moatShallow moat
#93ROCK GIBRALTAR INDUSTRIES, INC.54.8 out of 100, Shallow moatShallow moat
#94HELE HELEN OF TROY LIMITED54.4 out of 100, Shallow moatShallow moat

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

Common questions about SPRS

Does SURGE COMPONENTS, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores SURGE COMPONENTS, INC. (SPRS) 55.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 19, returns on capital 71, balance-sheet safety 100, capital discipline 44.
Is SPRS 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 $2.21 per share versus a recent price of $3.95 — 79% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SPRS's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 55.9 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 SPRS. See the disclaimer.