BSM (Black Stone Minerals LP) Moat Score: 6/10 (As of Jun. 29, 2026)


BSM Black Stone Minerals LP BSM
78 GF Score
Price $13.97
GF Value $13.87
Valuation Fairly Valued
! 6 Warning Signs
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What is Black Stone Minerals LP Moat Score?

Black Stone Minerals LP BSM -0.92% 78 Moat Score is 6 as of Jun. 29, 2026. GuruFocus rates BSM with a GF Score™ of 78/100 and a GF Value™ of $13.87 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,044 Oil & Gas companies, Black Stone Minerals LP ranks better than 98.47% on this metric.

Black Stone Minerals LP has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Black Stone Minerals LP has Narrow Moat: Black Stone Minerals LP has a strong narrow moat due to its extensive mineral rights portfolio, providing durable cost advantages and some pricing power. However, it lacks significant network effects and customer switching costs, preventing a wide moat classification.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Black Stone Minerals LP might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Black Stone Minerals LP  (NYSE:BSM) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Black Stone Minerals LP Moat Score Related Terms

BSM vs GPOR, BKV, CRGY: Moat Score Comparison

For the Oil & Gas E&P subindustry, Black Stone Minerals LP's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Black Stone Minerals LP Moat Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's Moat Score distribution charts can be found below:

* The bar in red indicates where Black Stone Minerals LP's Moat Score falls into.


BSM
78GF Score
Black Stone Minerals LP BSM
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Black Stone Minerals LP (BSM) has a Moat Score of 6 as of Jun. 29, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Black Stone Minerals LP ranks #16 out of 1044 companies in the Oil & Gas industry, placing it in the top 1.5%.
Is Black Stone Minerals LP's Moat Score too high?
Black Stone Minerals LP's current Moat Score is 6. The Oil & Gas industry median Moat Score is 1.00. Black Stone Minerals LP's value of 6 is 500% above this industry median. Based on the distribution chart, Black Stone Minerals LP ranks #16 out of 1044 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Black Stone Minerals LP has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Stone Minerals LP's Moat Score compare to GPOR and BKV?
According to the Oil & Gas industry distribution chart, Black Stone Minerals LP ranks #16 out of 1044 companies for Moat Score. This places Black Stone Minerals LP in the top 2% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Black Stone Minerals LP's value of 6 is 500% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,044 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Stone Minerals LP's current Moat Score of 6 is 500% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Oil & Gas industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Stone Minerals LP's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Stone Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Black Stone Minerals LP (BSM) is currently considered Fairly Valued. The stock's GF Value™ is $13.87, compared to a current price of $13.97 — trading 0.7% above its estimated fair value. The current Moat Score is 6 and 500% above the Oil & Gas industry median of 1.00. Black Stone Minerals LP's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Black Stone Minerals LP (BSM), the current Moat Score is 6 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Black Stone Minerals LP (BSM) Overvalued in 2026?

Based on GuruFocus' analysis, Black Stone Minerals LP stock appears to be overvalued. The current stock price of $13.97 is trading 0.7% above its estimated GF Value™ of $13.87. GuruFocus considers Black Stone Minerals LP to be Fairly Valued.

Key valuation signals for BSM:

  • Moat Score: 6
  • GF Value™: $13.87 vs. price of $13.97 (0.7% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 500% above the Oil & Gas median (#16 of 1044)

No single metric tells the full story. See the BSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Black Stone Minerals LP Business Description

Industry EnergyOil & Gas
Address 1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests. The company owns mineral interests in approximately 16.9 million gross acres.
78GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.97
Price
$13.87
GF Value