VALVOLINE INC.
VVV · Energy · $5.1B mkt cap · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power63
Median gross margin 38.4% over 10y, very stable.
Returns on capital93
Median ROIC 22.0%, above the 9% hurdle in 80% of years.
Balance-sheet safety27
Net debt/EBITDA 2.6x, interest coverage 5x.
Capital discipline64
Owner earnings trend unclear, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $292.3M
- Est. intrinsic value / share
- $25.55
- Recent price
- $39.92
- Discount to value
- 56% above value
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.