The Moat Index

WATTS WATER TECHNOLOGIES INC

WTS · Industrials · $11.7B mkt cap · FY2025 filings · Wide moat

On the watchlist

81/ 100
Wide moat

The four filters

Pricing power68

Median gross margin 42.4% over 10y, very stable.

Returns on capital76

Median ROIC 14.5%, above the 9% hurdle in 100% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline86

Owner earnings +15.1%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale
135% above value
Owner earnings (normalized)
$275.7M
Est. intrinsic value / share
$148.14
Recent price
$348.49
Discount to value
135% above value

Conservative model: 9% discount rate, 4% 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.

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WATTS WATER TECHNOLOGIES INC (WTS) Moat Score — The Moat Index · Buy Like Buffett