The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
ADIA · Healthcare · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
SCLX · Healthcare · Shallow moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | ADIA | SCLX | VRCA | LGMK |
|---|---|---|---|---|
| Moat Score (0–100) | 45 | 46 (highest) | 46 (highest) | 45 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 70 (highest) | 40 | 50 | 37 |
| Pricing power | 40 | 70 | 79 | 88 (highest) |
| Returns on capital | — | — | 0 | 4 (highest) |
| Balance-sheet safety | 28 | 28 | 55 (highest) | 55 (highest) |
| Capital discipline | 44 | 45 (highest) | 44 | 44 |
| Price vs. high estimate | No price data | No price data | No price data | No price data |
| Market cap | $9.5M | $53.7M | $94.3M | $647832 |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |