Black Hills (MEX:BKH) Moat Score: 6/10 (As of Jul. 11, 2026)


MEX:BKH Black Hills Corp MEX:BKH
75 GF Score
Price MXN1,089.00
GF Value MXN876.49
! 10 Warning Signs
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What is Black Hills Moat Score?

Black Hills MEX:BKH 75 Moat Score is 6 as of Jul. 11, 2026. GuruFocus rates MEX:BKH with a GF Score™ of 75/100 and a GF Value™ of MXN876.49. The stock has 10 warning signs investors should review. Among 544 Utilities - Regulated companies, Black Hills ranks better than 93.01% on this metric.

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

Black Hills has Narrow Moat: Black Hills Corp has a strong narrow moat due to its regulated utility operations, which provide stable cash flows and regulatory barriers. It benefits from economies of scale and a strong distribution network, but lacks significant innovation or intellectual property.

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 Hills might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Black Hills  (MEX:BKH) 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 Hills Moat Score Related Terms

MEX:BKH vs NJR, OGS, SWX: Moat Score Comparison

For the Utilities - Regulated Gas subindustry, Black Hills'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 Hills Moat Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Black Hills's Moat Score distribution charts can be found below:

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


MEX:BKH
75GF Score
Black Hills Corp MEX:BKH
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 Hills (MEX:BKH) has a Moat Score of 6 as of Jul. 11, 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 Hills ranks #38 out of 544 companies in the Utilities - Regulated industry, placing it in the top 7%.
Is Black Hills' Moat Score too high?
Black Hills' current Moat Score is 6. Based on the distribution chart, Black Hills ranks #38 out of 544 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Black Hills has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Black Hills' Moat Score compare to NJR and OGS?
According to the Utilities - Regulated industry distribution chart, Black Hills ranks #38 out of 544 companies for Moat Score. This places Black Hills in the top 7% 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 an Utilities - Regulated company?
A good Moat Score depends on the Utilities - Regulated 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. Black Hills'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 Hills stock overvalued right now?
Black Hills (MEX:BKH) has a current Moat Score of 6. The stock's GF Value™ is MXN876.49, compared to a current price of MXN1,089.00 — trading 24.2% above its estimated fair value. The current Moat Score is 6. Black Hills' overall GF Score™ is 75/100 with 10 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 Hills (MEX:BKH), the current Moat Score is 6 as of Jul. 11, 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 Hills (MEX:BKH) Overvalued in 2026?

Based on GuruFocus' analysis, Black Hills stock appears to be overvalued. The current stock price of MXN1,089.00 is trading 24.2% above its estimated GF Value™ of MXN876.49.

Key valuation signals for MEX:BKH:

  • Moat Score: 6
  • GF Value™: MXN876.49 vs. price of MXN1,089.00 (24.2% above fair value)
  • GF Score™: 75/100 with 10 warning signs

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

Black Hills Business Description

Other Exchanges BKH:USABHI:Germany
Address 7001 Mount Rushmore Road, Rapid City, SD, USA, 57702
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.
75GF Score

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MXN1,089.00
Price
MXN876.49
GF Value