PRO-DEX, INC.

PDEX · Healthcare · $191.2M mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power44

Median gross margin 32.0% over 10y, stable.

Returns on capital72

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

Balance-sheet safety65

Net debt/EBITDA 1.3x, interest coverage 13x.

Capital discipline100

Owner earnings +26.0%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

72% above value

Owner earnings (normalized): $6.2M
Est. intrinsic value / share: $34.06
Recent price: $58.63
Discount to value: 72% above value

Conservative model: 9% discount rate, 4% 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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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell PDEX. See the disclaimer.