Bel Fuse Inc. BELFA

Competitive advantage analysis · technology

Corporate Default
Overall moat score
71/100
Moderate

About Bel Fuse Inc.

Bel Fuse Inc. designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. It operates in three product groups: Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, defence, commercial aerospace, transportation, and e-Mobility industries. It provides power solutions and protection products, … Full BELFA analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 39.2% (top 22%) and operating margin at 16.4% (top 16%) indicate strong pricing power.
  • ROIC Sustainably Above Peers ROIC at 83.3th percentile exceeds peers and WACC, demonstrating superior capital allocation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
72

Where BELFA ranks in Electronic Components

Bel Fuse Inc. ranks #8 of 52 scored companies in Electronic Components by moat score — the top 15%. The widest moat in the group is Universal Display Corporation (OLED) at 82/100.

Moat scores for companies ranked near BELFA in Electronic Components
# Company Moat score Rating
4 TE Connectivity plc TEL 75/100 Strong
5 Vicor Corporation VICR 75/100 Moderate
6 OSI Systems, Inc. OSIS 72/100 Moderate
7 Fabrinet FN 71/100 Moderate
8 Bel Fuse Inc. BELFA 71/100 Moderate
9 Bel Fuse Inc. BELFB 71/100 Moderate
10 CTS Corporation CTS 71/100 Moderate
11 Corning Incorporated GLW 65/100 Moderate
12 Celestica, Inc. CLS 65/100 Moderate

See every General Corporate company ranked by moat score →

How BELFA scores on the Corporate Default defenses

Pricing Power

Score 72 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 70 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 68 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 77 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 58 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 79 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BELFA's moat

What is Bel Fuse Inc.'s moat score?

Bel Fuse Inc. (BELFA) scores 70 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #8 of 52 scored companies in Electronic Components, the top 15%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Electronic Components. Its strongest defense is Scale & Market Position (79/100) and its weakest is Resilience (58/100).

How does Bel Fuse Inc. compare with other Electronic Components companies?

Bel Fuse Inc. ranks #8 of 52 scored companies in Electronic Components by moat score. The widest moat in Electronic Components is Universal Display Corporation (OLED) at 82/100. The companies ranked closest are Fabrinet (FN) at 71 just above it and Bel Fuse Inc. (BELFB) at 70 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Electronic Components. The defenses are then weighted to produce the overall score out of 100.

Why is Bel Fuse Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Bel Fuse Inc.?

The Corporate Default template measures 6 defenses, and BELFA scores: Pricing Power (72), Cost Advantage (70), Customer Stickiness (68), Capital Efficiency (77), Resilience (58), Scale & Market Position (79). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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