Trainline (LSE:TRN) Moat Score : 4/10 (As of Jul. 13, 2025)

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What is Trainline Moat Score?

Trainline has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Trainline has Narrow Moat: Trainline PLC has a discernible but modest moat, primarily due to its network effects and customer switching costs in the online train ticketing market. However, it faces competition and lacks strong brand strength or significant regulatory barriers, keeping its moat narrow.

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 Trainline might have Narrow Moat - Discernible but modest moat.

Competitive Comparison of Trainline's Moat Score

For the Travel Services subindustry, Trainline'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.

Trainline's Moat Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trainline's Moat Score distribution charts can be found below:

* The bar in red indicates where Trainline's Moat Score falls into.

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

Trainline Moat Score Related Terms

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Trainline Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trainline PLC (LSE:TRN) » Definitions » Moat Score

Comparable Companies

Traded in Other Exchanges

TNLIY:USA TNLIF:USA TRNl:UK 2T9A:Germany

Address

120 Holborn, 3rd Floor, London, GBR, EC1N 2TD

Website

https://www.thetrainline.com

Trainline PLC is an independent rail and coach travel platform selling rail and coach tickets to millions of travellers worldwide, enabling them to seamlessly search, book, and manage their journeys all in one place via its website and mobile app. The company's segment includes UK Consumer; International Consumer and Trainline Solutions. It generates maximum revenue from the UK Consumer segment.