Oracle Corporation
ORCL · scored from FY2026 filings · Narrow moat
On the watchlist
The four filters
Pricing power100
Median gross margin 61.3% over 2y, very stable.
Returns on capital81
Median ROIC 15.6%, above the 9% hurdle in 100% of years.
Balance-sheet safety6
Net debt/EBITDA 4.8x, interest coverage 4x.
Capital discipline64
Owner earnings trend unclear, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
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- Est. intrinsic value / share
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- Recent price
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- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.