Does ENPRO INC have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores ENPRO INC (NPO) 32.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 57, returns on capital 0, balance-sheet safety 34, capital discipline 46.

Is NPO 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 $75.35 per share versus a recent price of $322.68 — 328% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has NPO's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 32.8 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

ENPRO INC

NPO · Materials · $6.9B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power57

Median gross margin 37.1% over 10y, stable.

Returns on capital0

Median ROIC 3.5%, above the 9% hurdle in 0% of years.

Balance-sheet safety34

Net debt/EBITDA 2.0x, interest coverage 5x.

Capital discipline46

Owner earnings trend unclear, share count flat.

Margin of safety

Above valueOn sale

328% above value

Owner earnings (normalized): $144.1M
Est. intrinsic value / share: $75.35
Recent price: $322.68
Discount to value: 328% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

18 years of fundamentals

The business, in plain English

ENPRO INC booked $1.1B of revenue in FY2025 in the Materials sector and kept 42.6% of it as gross profit — a solid-margin business by that measure. After every other cost, 3.5% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $804.4M (FY2009) to $1.1B (FY2025) — about 2.2% a year compounded over 16 years.

It earned 5.5% on invested capital in FY2025, with a median of 4.7% across 17 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $655.3M of total debt in FY2025 against $101.3M of owner earnings — roughly 6.5 years of owner earnings to retire it all. Balance-Sheet Safety scores it 34/100.

The share count rose 3.2% between FY2011 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 46/100.

Put together: Pricing Power is the strongest of the four filters (57/100) and Returns on Capital the weakest (0/100), which is how NPO lands at 33/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$1.1B FY2025

Gross marginRevenue kept after cost of goods42.6% FY2025

Return on invested capitalOperating profit on the capital employed5.5% FY2025

Owner earningsCash an owner could take out$101.3M FY2025

Gaps in a line mean that item isn’t in NPO’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.8 / 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 — NPO has read No 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.

Materials context

#136 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#134PRPL PURPLE INNOVATION, INC.33.7 out of 100, No moatNo moat
#135FF FUTUREFUEL CORP.33.0 out of 100, No moatNo moat
#137PRM PERIMETER SOLUTIONS, INC.32.8 out of 100, No moatNo moat
#138BLGO BIOLARGO, INC.32.6 out of 100, No moatNo moat

Compare NPO with its nearest peers →All Materials companies on the Index →

Common questions about NPO

Does ENPRO INC have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores ENPRO INC (NPO) 32.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 57, returns on capital 0, balance-sheet safety 34, capital discipline 46.
Is NPO 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 $75.35 per share versus a recent price of $322.68 — 328% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has NPO's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 32.8 out of 100 (no 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 NPO. See the disclaimer.