KSPI (Kaspi.kz JSC) Moat Score: 7/10 (As of Jul. 01, 2026)


KSPI Kaspi.kz JSC KSPI
81 GF Score
Price $86.64
GF Value $196.34
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Kaspi.kz JSC Moat Score?

Kaspi.kz JSC KSPI -0.87% 81 Moat Score is 7 as of Jul. 01, 2026. GuruFocus rates KSPI with a GF Score™ of 81/100 and a GF Value™ of $196.34 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,844 Software companies, Kaspi.kz JSC ranks better than 99.26% on this metric.

Kaspi.kz JSC has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Kaspi.kz JSC has Wide Moat: Kaspi.kz JSC possesses a wide moat with strong market leadership in Kazakhstan's fintech sector. It benefits from significant network effects, customer loyalty, and a superior distribution network. Its innovative platform and regulatory barriers further solidify its durable competitive advantages.

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 Kaspi.kz JSC might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Kaspi.kz JSC  (NAS:KSPI) 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

Kaspi.kz JSC Moat Score Related Terms

KSPI vs MSFT, ORCL, PLTR: Moat Score Comparison

For the Software - Infrastructure subindustry, Kaspi.kz JSC'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.

Kaspi.kz JSC Moat Score vs Software Industry

For the Software industry and Technology sector, Kaspi.kz JSC's Moat Score distribution charts can be found below:

* The bar in red indicates where Kaspi.kz JSC's Moat Score falls into.


KSPI
81GF Score
Kaspi.kz JSC KSPI
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 7 mean?
Kaspi.kz JSC (KSPI) has a Moat Score of 7 as of Jul. 01, 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, Kaspi.kz JSC ranks #21 out of 2844 companies in the Software industry, placing it in the top 0.7%.
Is Kaspi.kz JSC's Moat Score too high?
Kaspi.kz JSC's current Moat Score is 7. Based on the distribution chart, Kaspi.kz JSC ranks #21 out of 2844 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Kaspi.kz JSC has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kaspi.kz JSC's Moat Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Kaspi.kz JSC ranks #21 out of 2844 companies for Moat Score. This places Kaspi.kz JSC in the top 1% of its industry — outperforming the majority of peers. 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 a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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. Kaspi.kz JSC's current Moat Score is 7. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaspi.kz JSC stock overvalued right now?
Based on GuruFocus' analysis, Kaspi.kz JSC (KSPI) is currently considered Significantly Undervalued. The stock's GF Value™ is $196.34, compared to a current price of $86.64 — trading 55.9% below its estimated fair value. The current Moat Score is 7. Kaspi.kz JSC's overall GF Score™ is 81/100 with 3 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 Kaspi.kz JSC (KSPI), the current Moat Score is 7 as of Jul. 01, 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 Kaspi.kz JSC (KSPI) Overvalued in 2026?

Based on GuruFocus' analysis, Kaspi.kz JSC stock appears to be undervalued. The current stock price of $86.64 is trading 55.9% below its estimated GF Value™ of $196.34. GuruFocus considers Kaspi.kz JSC to be Significantly Undervalued.

Key valuation signals for KSPI:

  • Moat Score: 7
  • GF Value™: $196.34 vs. price of $86.64 (55.9% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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

Kaspi.kz JSC Business Description

Address 154A Nauryzbai Batyr Street, Almaty, KAZ, 050013
Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform, which derives maximum revenue, connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.
81GF Score

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

$86.64
Price
$196.34
GF Value