Does Reservoir Media, Inc. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores Reservoir Media, Inc. (RSVR) 46.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 98, returns on capital 5, balance-sheet safety 0, capital discipline 80.

Is RSVR stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $8.75 per share versus a recent price of $10.22 — 17% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has RSVR'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

Reservoir Media, Inc.

RSVR · Communications · $670.5M mkt cap · FY2026 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power98

Median gross margin 60.8% over 7y, very stable.

Returns on capital5

Median ROIC 3.3%, above the 9% hurdle in 14% of years.

Balance-sheet safety0

Net debt/EBITDA 6.2x, interest coverage 1x.

Capital discipline80

Owner earnings +26.4%/yr, share count n/a.

Margin of safety

Above valueOn sale

17% above value

Owner earnings (normalized): $31.9M
Est. intrinsic value / share: $8.75
Recent price: $10.22
Discount to value: 17% above value

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

Fundamentals

There's no normalized fundamentals series for RSVR 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 — RSVR 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.

Communications context

#22 of 56 scored Communications companies, ranked by Moat Score.

Nearest peers by Moat Score

#20CALX Calix, Inc48.5 out of 100, Shallow moatShallow moat
#21TDS TELEPHONE AND DATA SYSTEMS, INC.47.6 out of 100, Shallow moatShallow moat
#23WBD Warner Bros. Discovery, Inc.46.2 out of 100, Shallow moatShallow moat
#24KVHI KVH Industries, Inc.45.8 out of 100, Shallow moatShallow moat

Compare RSVR with its nearest peers →All Communications companies on the Index →

Common questions about RSVR

Does Reservoir Media, Inc. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores Reservoir Media, Inc. (RSVR) 46.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 98, returns on capital 5, balance-sheet safety 0, capital discipline 80.
Is RSVR stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $8.75 per share versus a recent price of $10.22 — 17% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has RSVR'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 RSVR. See the disclaimer.