eGain Corporation
EGAN · Technology · $178.7M mkt cap · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power97
Median gross margin 70.2% over 10y, very stable.
Returns on capital18
Median ROIC -43.2%, above the 9% hurdle in 50% of years.
Balance-sheet safety100
Net cash position — no leverage risk.
Capital discipline44
Owner earnings trend unclear, share count flat.
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $6.6M
- Est. intrinsic value / share
- $4.36
- Recent price
- $6.60
- Discount to value
- 51% above value
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.