Does Fomento Económico Mexicano, S.A.B. de C.V. have an economic moat?
Maybe
Fomento Económico Mexicano, S.A.B. de C.V. earns 11.0% a year on the money invested in it: decent, but not the clear sign of a wide moat.
The numbers behind it
Return on invested capital, average of recent years11.0%
Return on invested capital, latest year11.5%
Gross margin40.6%Share of each sale left after production costs
Net margin2.3%
How we decide
A moat shows up in the numbers as high returns that last. We call it likely when the average return on invested capital over recent years is at least 15% and the gross margin at least 40%, and possible from 10%. The numbers can't show where a moat comes from (brand, network, patents), only that one seems to exist.
More questions about Fomento Económico Mexicano, S.A.B. de C.V.
Data as of Nov 13, 2026.