Does Vishay Precision Group, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Vishay Precision Group, Inc. (VPG) 56.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 67, returns on capital 36, balance-sheet safety 68, capital discipline 59.

How has VPG's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 56.3 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

Vishay Precision Group, Inc.

VPG · Technology · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power67

Median gross margin 39.3% over 10y, very stable.

Returns on capital36

Median ROIC 9.4%, above the 9% hurdle in 50% of years.

Balance-sheet safety68

Net cash position — no leverage risk.

Capital discipline59

Owner earnings +7.1%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $20.2M
Est. intrinsic value / share: —
Recent price: $103.89
Discount to value: No price data

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

18 years of fundamentals

The business, in plain English

Vishay Precision Group, Inc. booked $307.2M of revenue in FY2025 in the Technology sector and kept 38.9% of it as gross profit — a solid-margin business by that measure. After every other cost, 1.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $172.0M (FY2009) to $307.2M (FY2025) — about 3.7% a year compounded over 16 years.

It earned 3.3% on invested capital in FY2025, with a median of 8.5% across 17 filed years. The Returns on Capital filter above scores it 36/100.

The balance sheet carried $20.6M of total debt in FY2025 against $13.2M of owner earnings — roughly 1.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 68/100.

The share count has held roughly flat between FY2010 and FY2023. Capital Discipline scores it 59/100.

Put together: Balance-Sheet Safety is the strongest of the four filters (68/100) and Returns on Capital the weakest (36/100), which is how VPG lands at 56/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$307.2M FY2025

Gross marginRevenue kept after cost of goods38.9% FY2025

Return on invested capitalOperating profit on the capital employed3.3% FY2025

Owner earningsCash an owner could take out$13.2M FY2025

Gaps in a line mean that item isn’t in VPG’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale56.3 / 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 — VPG 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

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

Nearest peers by Moat Score

#158DOCU DOCUSIGN, INC.56.6 out of 100, Shallow moatShallow moat
#159PANW PALO ALTO NETWORKS, INC56.5 out of 100, Shallow moatShallow moat
#161RGP RESOURCES CONNECTION, INC.56.1 out of 100, Shallow moatShallow moat
#162IIIV i3 Verticals, Inc.56.1 out of 100, Shallow moatShallow moat

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

Common questions about VPG

Does Vishay Precision Group, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Vishay Precision Group, Inc. (VPG) 56.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 67, returns on capital 36, balance-sheet safety 68, capital discipline 59.
How has VPG's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 56.3 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 VPG. See the disclaimer.