Alpha Pro Tech, Ltd.

APT · Healthcare · $51.6M mkt cap · FY2025 filings · Narrow moat

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Narrow moat

The four filters

Pricing power57

Median gross margin 37.6% over 10y, stable.

Returns on capital40

Median ROIC 9.3%, above the 9% hurdle in 60% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline62

Owner earnings +1.1%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

18% above value

Owner earnings (normalized): $3.9M
Est. intrinsic value / share: $4.31
Recent price: $5.09
Discount to value: 18% above value

Conservative model: 9% discount rate, 0% 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.

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