MakeMyTrip (STU:MY1) Moat Score: 6/10 (As of Jul. 11, 2026)


STU:MY1 MakeMyTrip Ltd STU:MY1
63 GF Score
Price €50.86
GF Value €92.37
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is MakeMyTrip Moat Score?

MakeMyTrip STU:MY1 +0.36% 63 Moat Score is 6 as of Jul. 11, 2026. GuruFocus rates STU:MY1 with a GF Score™ of 63/100 and a GF Value™ of €92.37 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 873 Travel & Leisure companies, MakeMyTrip ranks better than 98.17% on this metric.

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

MakeMyTrip has Narrow Moat: MakeMyTrip Ltd has a strong narrow moat due to its leading position in the Indian online travel market, benefiting from network effects and customer loyalty. It has a strong brand and a robust distribution network, but lacks significant regulatory barriers and exclusive licenses.

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

MakeMyTrip  (STU:MY1) 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

MakeMyTrip Moat Score Related Terms

STU:MY1 vs GBTG, TNL, LIND: Moat Score Comparison

For the Travel Services subindustry, MakeMyTrip'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.

MakeMyTrip Moat Score vs Travel & Leisure Industry

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

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


STU:MY1
63GF Score
MakeMyTrip Ltd STU:MY1
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
MakeMyTrip (STU:MY1) 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, MakeMyTrip ranks #16 out of 873 companies in the Travel & Leisure industry, placing it in the top 1.8%.
Is MakeMyTrip's Moat Score too high?
MakeMyTrip's current Moat Score is 6. Based on the distribution chart, MakeMyTrip ranks #16 out of 873 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, MakeMyTrip has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MakeMyTrip's Moat Score compare to GBTG and TNL?
According to the Travel & Leisure industry distribution chart, MakeMyTrip ranks #16 out of 873 companies for Moat Score. This places MakeMyTrip 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 Travel & Leisure company?
A good Moat Score depends on the Travel & Leisure 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. MakeMyTrip'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 MakeMyTrip stock overvalued right now?
Based on GuruFocus' analysis, MakeMyTrip (STU:MY1) is currently considered Possible Value Trap. The stock's GF Value™ is €92.37, compared to a current price of €50.86 — trading 44.9% below its estimated fair value. The current Moat Score is 6. MakeMyTrip's overall GF Score™ is 63/100 with 4 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 MakeMyTrip (STU:MY1), 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 MakeMyTrip (STU:MY1) Overvalued in 2026?

Based on GuruFocus' analysis, MakeMyTrip stock appears to be undervalued. The current stock price of €50.86 is trading 44.9% below its estimated GF Value™ of €92.37. GuruFocus considers MakeMyTrip to be Possible Value Trap.

Key valuation signals for STU:MY1:

  • Moat Score: 6
  • GF Value™: €92.37 vs. price of €50.86 (44.9% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the STU:MY1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MakeMyTrip Business Description

Other Exchanges MMYT:USA
Address DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Sector 24, Gurugram, HR, IND, 122002
MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.
63GF Score

Get the complete analysis for STU:MY1

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

€50.86
Price
€92.37
GF Value