UBIQUITI INC.

UI · Technology · $33.2B mkt cap · FY2025 filings · Wide moat

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Wide moat

The four filters

Pricing power70

Median gross margin 44.7% over 10y, stable.

Returns on capital100

Median ROIC 125.2%, above the 9% hurdle in 100% of years.

Balance-sheet safety98

Net debt/EBITDA 0.1x, no material interest expense disclosed.

Capital discipline100

Owner earnings +14.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

353% above value

Owner earnings (normalized): $407.6M
Est. intrinsic value / share: $121.30
Recent price: $549.18
Discount to value: 353% above value

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

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell UI. See the disclaimer.