Does THRYV HOLDINGS, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores THRYV HOLDINGS, INC. (THRY) 45.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 98, returns on capital 29, balance-sheet safety 20, capital discipline 20.

Is THRY 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 $1.87 per share versus a recent price of $3.85 — 106% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has THRY's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 45.9 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

THRYV HOLDINGS, INC.

THRY · Technology · $168.5M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power98

Median gross margin 64.1% over 8y, very stable.

Returns on capital29

Median ROIC 8.0%, above the 9% hurdle in 44% of years.

Balance-sheet safety20

Net debt/EBITDA 2.5x, interest coverage 2x.

Capital discipline20

Owner earnings -27.5%/yr, share count n/a.

Margin of safety

Above valueOn sale

106% above value

Owner earnings (normalized): $7.4M
Est. intrinsic value / share: $1.87
Recent price: $3.85
Discount to value: 106% 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 THRY 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 scale45.9 / 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 — THRY 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

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

Nearest peers by Moat Score

#227CIEN Ciena Corp45.9 out of 100, Shallow moatShallow moat
#228MCHX MARCHEX INC45.9 out of 100, Shallow moatShallow moat
#230CEVA Ceva, Inc.45.8 out of 100, Shallow moatShallow moat
#231RBLX Roblox Corporation45.8 out of 100, Shallow moatShallow moat

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

Common questions about THRY

Does THRYV HOLDINGS, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores THRYV HOLDINGS, INC. (THRY) 45.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 98, returns on capital 29, balance-sheet safety 20, capital discipline 20.
Is THRY 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 $1.87 per share versus a recent price of $3.85 — 106% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has THRY's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 45.9 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 THRY. See the disclaimer.