BlackLine (MEX:BL) Moat Score: 6/10 (As of Jul. 11, 2026)


MEX:BL BlackLine Inc MEX:BL
41 GF Score
Price MXN456.90
GF Value MXN979.36
Valuation Possible Value Trap
! 5 Warning Signs
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What is BlackLine Moat Score?

BlackLine MEX:BL 41 Moat Score is 6 as of Jul. 11, 2026. GuruFocus rates MEX:BL with a GF Score™ of 41/100 and a GF Value™ of MXN979.36 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,835 Software companies, BlackLine ranks better than 97.88% on this metric.

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

BlackLine has Narrow Moat: BlackLine Inc has a strong narrow moat with significant customer switching costs and a robust SaaS platform. It benefits from network effects and consistent innovation in financial automation, but lacks the scale or regulatory barriers to be considered a wide moat.

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

BlackLine  (MEX:BL) 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

BlackLine Moat Score Related Terms

MEX:BL vs EVCM, ASAN, NCNO: Moat Score Comparison

For the Software - Application subindustry, BlackLine'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.

BlackLine Moat Score vs Software Industry

For the Software industry and Technology sector, BlackLine's Moat Score distribution charts can be found below:

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


MEX:BL
41GF Score
BlackLine Inc MEX:BL
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?
BlackLine (MEX:BL) 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, BlackLine ranks #60 out of 2835 companies in the Software industry, placing it in the top 2.1%.
Is BlackLine's Moat Score too high?
BlackLine's current Moat Score is 6. Based on the distribution chart, BlackLine ranks #60 out of 2835 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, BlackLine has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlackLine's Moat Score compare to EVCM and ASAN?
According to the Software industry distribution chart, BlackLine ranks #60 out of 2835 companies for Moat Score. This places BlackLine in the top 2% 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. BlackLine'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 BlackLine stock overvalued right now?
Based on GuruFocus' analysis, BlackLine (MEX:BL) is currently considered Possible Value Trap. The stock's GF Value™ is MXN979.36, compared to a current price of MXN456.90 — trading 53.3% below its estimated fair value. The current Moat Score is 6. BlackLine's overall GF Score™ is 41/100 with 5 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 BlackLine (MEX:BL), 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 BlackLine (MEX:BL) Overvalued in 2026?

Based on GuruFocus' analysis, BlackLine stock appears to be undervalued. The current stock price of MXN456.90 is trading 53.3% below its estimated GF Value™ of MXN979.36. GuruFocus considers BlackLine to be Possible Value Trap.

Key valuation signals for MEX:BL:

  • Moat Score: 6
  • GF Value™: MXN979.36 vs. price of MXN456.90 (53.3% below fair value)
  • GF Score™: 41/100 with 5 warning signs

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

BlackLine Business Description

Address 21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.
41GF Score

Get the complete analysis for MEX:BL

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

MXN456.90
Price
MXN979.36
GF Value