Does Escalon Medical Corp. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Escalon Medical Corp. (ESMC) 42.6 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 75, returns on capital 11, balance-sheet safety 37, capital discipline 47.

Is ESMC 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 $0.10 per share versus a recent price of $0.20 — 101% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has ESMC's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 42.6 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

Escalon Medical Corp.

ESMC · Healthcare · $1.5M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power75

Median gross margin 44.9% over 10y, very stable.

Returns on capital11

Median ROIC -26.8%, above the 9% hurdle in 30% of years.

Balance-sheet safety37

Net debt/EBITDA n/ax, interest coverage 6x.

Capital discipline47

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

101% above value

Owner earnings (normalized): $66513
Est. intrinsic value / share: $0.10
Recent price: $0.20
Discount to value: 101% 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 ESMC 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 scale42.6 / 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 — ESMC 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.

Healthcare context

#208 of 440 scored Healthcare companies, ranked by Moat Score.

Nearest peers by Moat Score

#206AVTX Avalo Therapeutics, Inc.42.9 out of 100, Shallow moatShallow moat
#207KEQU Kewaunee Scientific Corporation42.7 out of 100, Shallow moatShallow moat
#209VERU VERU INC.42.6 out of 100, Shallow moatShallow moat
#210IONS IONIS PHARMACEUTICALS, INC.42.6 out of 100, Shallow moatShallow moat

Compare ESMC with its nearest peers →All Healthcare companies on the Index →

Common questions about ESMC

Does Escalon Medical Corp. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Escalon Medical Corp. (ESMC) 42.6 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 75, returns on capital 11, balance-sheet safety 37, capital discipline 47.
Is ESMC 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 $0.10 per share versus a recent price of $0.20 — 101% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has ESMC's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 42.6 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 ESMC. See the disclaimer.