Does TRIO-TECH INTERNATIONAL have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores TRIO-TECH INTERNATIONAL (TRT) 33.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 41, returns on capital 0, balance-sheet safety 64, capital discipline 42.

Is TRT 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 $8.91 per share versus a recent price of $10.15 — 14% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has TRT's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 33.5 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

TRIO-TECH INTERNATIONAL

TRT · Industrials · $43.8M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power41

Median gross margin 25.1% over 10y, very stable.

Returns on capital0

Median ROIC 4.6%, above the 9% hurdle in 0% of years.

Balance-sheet safety64

Net cash position — no leverage risk.

Capital discipline42

Owner earnings +6.8%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

14% above value

Owner earnings (normalized): $2.1M
Est. intrinsic value / share: $8.91
Recent price: $10.15
Discount to value: 14% 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 TRT 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 scale33.5 / 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 — TRT 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.

Industrials context

#180 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#178CECO CECO ENVIRONMENTAL CORP.33.9 out of 100, No moatNo moat
#179DIT AMCON DISTRIBUTING CO33.9 out of 100, No moatNo moat
#181SNX TD SYNNEX CORPORATION33.1 out of 100, No moatNo moat
#182COOK Traeger, Inc32.9 out of 100, No moatNo moat

Compare TRT with its nearest peers →All Industrials companies on the Index →

Common questions about TRT

Does TRIO-TECH INTERNATIONAL have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores TRIO-TECH INTERNATIONAL (TRT) 33.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 41, returns on capital 0, balance-sheet safety 64, capital discipline 42.
Is TRT 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 $8.91 per share versus a recent price of $10.15 — 14% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has TRT's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 33.5 out of 100 (no 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 TRT. See the disclaimer.