PBF Energy Inc. PBF

Competitive advantage analysis · energy

Corporate Default
Overall moat score
22/100
Weak

About PBF Energy Inc.

PBF Energy Inc., through its subsidiaries, engages in the refining and supplying of petroleum products. It operates through two segments, Refining and Logistics. The company produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt; diesel fuel; and unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. It sells its products in the Northeast, Midwest, Gulf … Full PBF analysis →

Competitive advantage assessment

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 0th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 23.5th percentile suggests inefficient capital deployment.

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

Weak
12

Where PBF ranks in Oil & Gas Refining & Marketing

PBF Energy Inc. ranks #17 of 19 scored companies in Oil & Gas Refining & Marketing by moat score — the top 89%. The widest moat in the group is Star Group L.P. (SGU) at 81/100.

Moat scores for companies ranked near PBF in Oil & Gas Refining & Marketing
# Company Moat score Rating
11 HF Sinclair Corporation DINO 50/100 Moderate
12 Delek US Holdings, Inc. DK 44/100 Developing
13 Clean Energy Fuels Corp. CLNE 38/100 Developing
14 Icahn Enterprises L.P. - Deposi IEP 35/100 Developing
15 World Kinect Corporation WKC 31/100 Developing
16 CVR Energy Inc. CVI 29/100 Developing
17 PBF Energy Inc. PBF 22/100 Weak
18 Aemetis, Inc AMTX 17/100 Weak
19 Adams Resources & Energy, Inc. AE 0/100 Weak

See every Commodities & Mining company ranked by moat score →

How PBF scores on the Corporate Default defenses

Pricing Power

Score 12 · 20% of the moat score

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

Cost Advantage

Score 59 · 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 10 · 15% of the moat score

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

Capital Efficiency

Score 24 · 18% of the moat score

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

Resilience

Score 28 · 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 12 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PBF's moat

What is PBF Energy Inc.'s moat score?

PBF Energy Inc. (PBF) scores 22 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #17 of 19 scored companies in Oil & Gas Refining & Marketing, the top 89%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 18 companies in Oil & Gas Refining & Marketing. Its strongest defense is Cost Advantage (59/100) and its weakest is Customer Stickiness (10/100).

How does PBF Energy Inc. compare with other Oil & Gas Refining & Marketing companies?

PBF Energy Inc. ranks #17 of 19 scored companies in Oil & Gas Refining & Marketing by moat score. The widest moat in Oil & Gas Refining & Marketing is Star Group L.P. (SGU) at 81/100. The companies ranked closest are CVR Energy Inc. (CVI) at 29 just above it and Aemetis, Inc (AMTX) at 17 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 18 companies in Oil & Gas Refining & Marketing. The defenses are then weighted to produce the overall score out of 100.

Why is PBF Energy 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 PBF Energy Inc.?

The Corporate Default template measures 6 defenses, and PBF scores: Pricing Power (12), Cost Advantage (59), Customer Stickiness (10), Capital Efficiency (24), Resilience (28), Scale & Market Position (12). 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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