The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
BSET · Materials · Shallow moat
Doesn't clear the bar
| Measure | BSET | EPC | RSRV | AXIL |
|---|---|---|---|---|
| Moat Score (0–100) | 54 (highest) | 54 (highest) | 54 (highest) | 53 |
| Pricing power | 87 | 73 | 90 (highest) | 79 |
| Returns on capital | 15 | 63 (highest) | 7 | 15 |
| Balance-sheet safety | 73 | 28 | 73 | 100 (highest) |
| Capital discipline | 41 | 40 | 52 (highest) | 24 |
| Margin of safety | 62% above value | 7% below value | 29% below value (highest margin of safety) | 308% above value |
| Market cap | $186.9M | $1.4B | $33.3M | $38.7M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |