Does ZUMIEZ INC have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores ZUMIEZ INC (ZUMZ) 57.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 57, returns on capital 40, balance-sheet safety 100, capital discipline 44.

Is ZUMZ 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 $13.77 per share versus a recent price of $18.69 — 36% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has ZUMZ's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 57.9 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

ZUMIEZ INC

ZUMZ · Consumer Discretionary · $317.2M mkt cap · FY2026 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power57

Median gross margin 34.2% over 10y, very stable.

Returns on capital40

Median ROIC 9.3%, above the 9% hurdle in 60% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline44

Owner earnings -3.9%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

36% above value

Owner earnings (normalized): $21.0M
Est. intrinsic value / share: $13.77
Recent price: $18.69
Discount to value: 36% 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 ZUMZ 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 scale57.9 / 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 — ZUMZ 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

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

Nearest peers by Moat Score

#116MBUU MALIBU BOATS, INC.58.6 out of 100, Shallow moatShallow moat
#117UNF UNIFIRST CORPORATION58.0 out of 100, Shallow moatShallow moat
#119LESL LESLIE’S, INC.57.7 out of 100, Shallow moatShallow moat
#120BWMN BOWMAN CONSULTING GROUP LTD.57.6 out of 100, Shallow moatShallow moat

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

Common questions about ZUMZ

Does ZUMIEZ INC have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores ZUMIEZ INC (ZUMZ) 57.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 57, returns on capital 40, balance-sheet safety 100, capital discipline 44.
Is ZUMZ 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 $13.77 per share versus a recent price of $18.69 — 36% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has ZUMZ's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 57.9 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 ZUMZ. See the disclaimer.