Does VIRCO MFG. CORPORATION have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores VIRCO MFG. CORPORATION (VIRC) 40.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 56, returns on capital 18, balance-sheet safety 80, capital discipline 12.

Is VIRC 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 $12.52 per share versus a recent price of $6.17 — 51% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has VIRC's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 40.7 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

VIRCO MFG. CORPORATION

VIRC · Materials · $97.2M mkt cap · FY2026 filings · Shallow moat ·

On the watchlist

Shallow moat

The four filters

Pricing power56

Median gross margin 36.5% over 10y, stable.

Returns on capital18

Median ROIC 5.9%, above the 9% hurdle in 40% of years.

Balance-sheet safety80

Net cash position — no leverage risk.

Capital discipline12

Owner earnings -20.8%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

51% below value

Owner earnings (normalized): $17.8M
Est. intrinsic value / share: $12.52
Recent price: $6.17
Discount to value: 51% below 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 VIRC 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 scale40.7 / 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 — VIRC 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.

Materials context

#99 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#97KOP KOPPERS HOLDINGS INC.40.9 out of 100, Shallow moatShallow moat
#98LODE COMSTOCK INC.40.8 out of 100, Shallow moatShallow moat
#100AXTA AXALTA COATING SYSTEMS LTD.40.7 out of 100, Shallow moatShallow moat
#101FBIN Fortune Brands Innovations, Inc.40.5 out of 100, Shallow moatShallow moat

Compare VIRC with its nearest peers →All Materials companies on the Index →

Common questions about VIRC

Does VIRCO MFG. CORPORATION have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores VIRCO MFG. CORPORATION (VIRC) 40.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 56, returns on capital 18, balance-sheet safety 80, capital discipline 12.
Is VIRC 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 $12.52 per share versus a recent price of $6.17 — 51% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has VIRC's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 40.7 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 VIRC. See the disclaimer.