Does NORTHERN TECHNOLOGIES INTERNATIONAL CORP have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) 39.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 54, returns on capital 27, balance-sheet safety 33, capital discipline 44.

Is NTIC 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 $0.88 per share versus a recent price of $8.09 — 822% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has NTIC's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 39.5 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

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

NTIC · Industrials · $76.7M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power54

Median gross margin 33.6% over 10y, very stable.

Returns on capital27

Median ROIC 7.9%, above the 9% hurdle in 40% of years.

Balance-sheet safety33

Net debt/EBITDA n/ax, interest coverage 4x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

822% above value

Owner earnings (normalized): $748488
Est. intrinsic value / share: $0.88
Recent price: $8.09
Discount to value: 822% 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 NTIC 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 scale39.5 / 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 — NTIC 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.

Industrials context

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

Nearest peers by Moat Score

#153GTEC GREENLAND TECHNOLOGIES HOLDING CORPORATION40.2 out of 100, Shallow moatShallow moat
#154LGIH LGI HOMES, INC.40.0 out of 100, Shallow moatShallow moat
#156MGPI MGP INGREDIENTS, INC.38.9 out of 100, No moatNo moat
#157KMT KENNAMETAL INC38.8 out of 100, No moatNo moat

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

Common questions about NTIC

Does NORTHERN TECHNOLOGIES INTERNATIONAL CORP have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) 39.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 54, returns on capital 27, balance-sheet safety 33, capital discipline 44.
Is NTIC 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 $0.88 per share versus a recent price of $8.09 — 822% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has NTIC's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 39.5 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 NTIC. See the disclaimer.