Does PAYSIGN, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores PAYSIGN, INC. (PAYS) 54.2 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 74, returns on capital 0, balance-sheet safety 100, capital discipline 60.

Is PAYS stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $1.89 per share versus a recent price of $8.55 — 352% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has PAYS's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 54.2 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

PAYSIGN, INC.

PAYS · Technology · $471.0M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power74

Median gross margin 50.5% over 10y, stable.

Returns on capital0

Median ROIC -80.2%, above the 9% hurdle in 0% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline60

Owner earnings +25.8%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

352% above value

Owner earnings (normalized): $9.4M
Est. intrinsic value / share: $1.89
Recent price: $8.55
Discount to value: 352% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for PAYS yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale54.2 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — PAYS has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#178 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#176SLP Simulations Plus, Inc.54.3 out of 100, Shallow moatShallow moat
#177MU Micron Technology, Inc.54.2 out of 100, Shallow moatShallow moat
#179ON ON Semiconductor Corporation54.1 out of 100, Shallow moatShallow moat
#180HQY HEALTHEQUITY, INC.54.1 out of 100, Shallow moatShallow moat

Compare PAYS with its nearest peers →All Technology companies on the Index →

Common questions about PAYS

Does PAYSIGN, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores PAYSIGN, INC. (PAYS) 54.2 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 74, returns on capital 0, balance-sheet safety 100, capital discipline 60.
Is PAYS stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $1.89 per share versus a recent price of $8.55 — 352% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has PAYS's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 54.2 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell PAYS. See the disclaimer.