TRANSCAT INC
TRNS · Healthcare · $820.5M mkt cap · FY2026 filings · No moat ·
Doesn't clear the bar
The four filters
Median gross margin 27.6% over 10y, stable.
Median ROIC 8.9%, above the 9% hurdle in 50% of years.
Net debt/EBITDA 2.4x, interest coverage 3x.
Owner earnings +12.9%/yr, share count growing (dilution).
Margin of safety
- Owner earnings (normalized)
- $13.9M
- Est. intrinsic value / share
- $26.83
- Recent price
- $87.90
- Discount to value
- 228% 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 TRNS yet — it appears once ingest has processed its filings.
Moat Score history
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 — TRNS 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.
Healthcare context
#263 of 440 scored Healthcare companies, ranked by Moat Score.
Nearest peers by Moat Score
- #261ALNY ALNYLAM PHARMACEUTICALS, INC.39.0 out of 100, No moatNo moat
- #262NUWE Nuwellis, Inc.38.9 out of 100, No moatNo moat
- #264LAB STANDARD BIOTOOLS INC.38.5 out of 100, No moatNo moat
- #265CLPT CLEARPOINT NEURO, INC.38.5 out of 100, No moatNo moat
Compare TRNS with its nearest peers →All Healthcare companies on the Index →
Common questions about TRNS
- Does TRANSCAT INC have an economic moat?
- Based on its FY2026 SEC filings, the Moat Index scores TRANSCAT INC (TRNS) 38.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 39, returns on capital 35, balance-sheet safety 24, capital discipline 60.
- Is TRNS 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 $26.83 per share versus a recent price of $87.90 — 228% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
- How has TRNS's Moat Score changed over time?
- The record logs 2 readings since Jul 17, 2026; the latest reads 38.8 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.