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.
AGTX · 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 | AGTX | LCTX | XGN | TBPH |
|---|---|---|---|---|
| Moat Score (0–100) | 44 | 45 (highest) | 44 | 44 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 50 | 52 | 53 | 73 (highest) |
| Pricing power | 76 | 91 (highest) | 89 | 70 |
| Returns on capital | — | 0 (highest) | 0 (highest) | 0 (highest) |
| Balance-sheet safety | 28 | 55 (highest) | 55 (highest) | 28 |
| Capital discipline | 24 | 24 | 24 | 51 (highest) |
| Price vs. high estimate | No price data | No price data | No price data | No price data |
| Market cap | $801339 | $267.4M | $107.2M | $858.5M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |