Does NATIONAL PRESTO INDUSTRIES INC have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores NATIONAL PRESTO INDUSTRIES INC (NPK) 46.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 25, returns on capital 54, balance-sheet safety 100, capital discipline 15.

Is NPK 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 $40.19 per share versus a recent price of $121.45 — 202% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has NPK's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 46.9 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

NATIONAL PRESTO INDUSTRIES INC

NPK · Industrials · $865.1M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power25

Median gross margin 21.8% over 10y, stable.

Returns on capital54

Median ROIC 11.1%, above the 9% hurdle in 80% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline15

Owner earnings -20.3%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

202% above value

Owner earnings (normalized): $25.8M
Est. intrinsic value / share: $40.19
Recent price: $121.45
Discount to value: 202% 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 NPK 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 scale46.9 / 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 — NPK 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.

Industrials context

#124 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#122TEX Terex Corporation47.4 out of 100, Shallow moatShallow moat
#123HSIC HENRY SCHEIN, INC.47.3 out of 100, Shallow moatShallow moat
#125HUBG HUB GROUP, INC.46.6 out of 100, Shallow moatShallow moat
#126AGCO AGCO CORP /DE46.5 out of 100, Shallow moatShallow moat

Compare NPK with its nearest peers →All Industrials companies on the Index →

Common questions about NPK

Does NATIONAL PRESTO INDUSTRIES INC have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores NATIONAL PRESTO INDUSTRIES INC (NPK) 46.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 25, returns on capital 54, balance-sheet safety 100, capital discipline 15.
Is NPK 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 $40.19 per share versus a recent price of $121.45 — 202% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has NPK's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 46.9 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 NPK. See the disclaimer.