Does TURTLE BEACH CORPORATION have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores TURTLE BEACH CORPORATION (TBCH) 48.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 43, returns on capital 74, balance-sheet safety 42, capital discipline 24.

Is TBCH stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 1% assumed growth, capped at 4%), estimated intrinsic value is $11.00 per share versus a recent price of $13.01 — 18% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has TBCH's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 48.5 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

TURTLE BEACH CORPORATION

TBCH · Technology · $249.6M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power43

Median gross margin 34.4% over 10y, stable.

Returns on capital74

Median ROIC 16.4%, above the 9% hurdle in 70% of years.

Balance-sheet safety42

Net debt/EBITDA 1.2x, interest coverage 3x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

18% above value

Owner earnings (normalized): $16.2M
Est. intrinsic value / share: $11.00
Recent price: $13.01
Discount to value: 18% above value

Conservative model: 9% discount rate, 1% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for TBCH 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 scale48.5 / 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 — TBCH 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.

Technology context

#206 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#204INOD INNODATA INC.48.7 out of 100, Shallow moatShallow moat
#205OKTA Okta, Inc.48.6 out of 100, Shallow moatShallow moat
#207INTA Intapp, Inc.48.5 out of 100, Shallow moatShallow moat
#208BMBL Bumble Inc.48.3 out of 100, Shallow moatShallow moat

Compare TBCH with its nearest peers →All Technology companies on the Index →

Common questions about TBCH

Does TURTLE BEACH CORPORATION have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores TURTLE BEACH CORPORATION (TBCH) 48.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 43, returns on capital 74, balance-sheet safety 42, capital discipline 24.
Is TBCH stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 1% assumed growth, capped at 4%), estimated intrinsic value is $11.00 per share versus a recent price of $13.01 — 18% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has TBCH's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 48.5 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 TBCH. See the disclaimer.