Does Simulations Plus, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Simulations Plus, Inc. (SLP) 54.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 92, returns on capital 36, balance-sheet safety 55, capital discipline 24.

Is SLP 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 $7.36 per share versus a recent price of $18.23 — 148% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SLP's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 54.3 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

Simulations Plus, Inc.

SLP · Technology · $367.1M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power92

Median gross margin 74.1% over 10y, stable.

Returns on capital36

Median ROIC 9.3%, above the 9% hurdle in 50% of years.

Balance-sheet safety55

Net cash position — no leverage risk.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

148% above value

Owner earnings (normalized): $13.3M
Est. intrinsic value / share: $7.36
Recent price: $18.23
Discount to value: 148% 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 SLP 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 scale54.3 / 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 — SLP 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

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

Nearest peers by Moat Score

#174YYAI AiRWA INC.54.9 out of 100, Shallow moatShallow moat
#175NTCT NETSCOUT SYSTEMS, INC.54.6 out of 100, Shallow moatShallow moat
#177MU Micron Technology, Inc.54.2 out of 100, Shallow moatShallow moat
#178PAYS PAYSIGN, INC.54.2 out of 100, Shallow moatShallow moat

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

Common questions about SLP

Does Simulations Plus, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Simulations Plus, Inc. (SLP) 54.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 92, returns on capital 36, balance-sheet safety 55, capital discipline 24.
Is SLP 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 $7.36 per share versus a recent price of $18.23 — 148% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SLP's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 54.3 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 SLP. See the disclaimer.