Does TILE SHOP HOLDINGS, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores TILE SHOP HOLDINGS, INC. (TTSH) 54.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 99, returns on capital 32, balance-sheet safety 35, capital discipline 40.

Is TTSH stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $4.46 per share versus a recent price of $2.86 — 36% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has TTSH's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 54.3 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

TILE SHOP HOLDINGS, INC.

TTSH · Consumer Discretionary · $113.9M mkt cap · FY2025 filings · Shallow moat ·

On the watchlist

Shallow moat

The four filters

Pricing power99

Median gross margin 68.2% over 10y, very stable.

Returns on capital32

Median ROIC 8.2%, above the 9% hurdle in 50% of years.

Balance-sheet safety35

Net debt/EBITDA 1.5x, interest coverage -142x.

Capital discipline40

Owner earnings -22.3%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

36% below value

Owner earnings (normalized): $16.0M
Est. intrinsic value / share: $4.46
Recent price: $2.86
Discount to value: 36% below value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for TTSH 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 scale54.3 / 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 — TTSH 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.

Consumer Discretionary context

#137 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#135WEN Wendy's Co54.4 out of 100, Shallow moatShallow moat
#136SPWH SPORTSMAN’S WAREHOUSE HOLDINGS, INC.54.4 out of 100, Shallow moatShallow moat
#138THRM Gentherm Inc54.0 out of 100, Shallow moatShallow moat
#139GCO Genesco Inc.53.3 out of 100, Shallow moatShallow moat

Compare TTSH with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about TTSH

Does TILE SHOP HOLDINGS, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores TILE SHOP HOLDINGS, INC. (TTSH) 54.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 99, returns on capital 32, balance-sheet safety 35, capital discipline 40.
Is TTSH stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $4.46 per share versus a recent price of $2.86 — 36% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has TTSH's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 54.3 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows TTSH’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/TTSH"
  width="340" height="150" style="border:0"
  title="TTSH Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell TTSH. See the disclaimer.