Broadcom Inc.
AVGO · scored from FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power86
Median gross margin 59.0% over 10y, stable.
Returns on capital69
Median ROIC 16.1%, above the 9% hurdle in 60% of years.
Balance-sheet safety73
Net debt/EBITDA 2.0x, interest coverage 25x.
Capital discipline24
Owner earnings trend unclear, share count growing (dilution).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $11.1B
- Est. intrinsic value / share
- $42.03
- Recent price
- —
- Discount to value
- No price data
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.