The Moat Index

FRANKLIN ELECTRIC CO., INC.

FELE · Industrials · $4.7B mkt cap · FY2025 filings · Narrow moat

On the watchlist

75/ 100
Narrow moat

The four filters

Pricing power60

Median gross margin 34.2% over 10y, very stable.

Returns on capital72

Median ROIC 13.6%, above the 9% hurdle in 100% of years.

Balance-sheet safety97

Net debt/EBITDA 0.2x, interest coverage 25x.

Capital discipline77

Owner earnings +8.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale
116% above value
Owner earnings (normalized)
$194.7M
Est. intrinsic value / share
$48.97
Recent price
$105.98
Discount to value
116% 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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FRANKLIN ELECTRIC CO., INC. (FELE) Moat Score — The Moat Index · Buy Like Buffett