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.
BNC · Agriculture · No 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 | AVO | DOLE | BNC | VRNO |
|---|---|---|---|---|
| Moat Score (0–100) | 32 | 33 (highest) | 32 | 32 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 62 (highest) | 51 | 20 | 35 |
| Pricing power | 5 | 28 | 8 | 78 (highest) |
| Returns on capital | 13 | 34 (highest) | — | 0 |
| Balance-sheet safety | 62 | 34 | 78 (highest) | 0 |
| Capital allocation | 20 | 20 | 24 | 44 (highest) |
| 104% above value if growth stopped today | 19% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | |
| Market cap | $852M | $1.3B | $202M | $1.9B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |