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.
| Measure | BWA | BNED | PLCE | LE |
|---|---|---|---|---|
| Moat Score (0–100) | 37 | 38 (highest) | 37 | 37 |
| Pricing power | 31 | 34 | 44 | 68 (highest) |
| Returns on capital | 37 | 4 | 47 (highest) | 8 |
| Balance-sheet safety | 46 | 100 (highest) | 28 | 16 |
| Capital discipline | 38 | 31 | 24 | 54 (highest) |
| Margin of safety | 95% above value (highest margin of safety) | No price data | No price data | 412% above value |
| Market cap | $12.9B | $433.8M | $65.6M | $354.7M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2026 | FY2026 | FY2026 |