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 | CBZ | TLS | BHE | KULR |
|---|---|---|---|---|
| Moat Score (0–100) | 28 (highest) | 28 (highest) | 28 (highest) | 28 (highest) |
| Pricing power | 20 | 59 (highest) | 24 | 59 (highest) |
| Returns on capital | 20 (highest) | 0 | 3 | 0 |
| Balance-sheet safety | 0 | 28 | 59 (highest) | 28 |
| Capital discipline | 79 (highest) | 24 | 40 | 24 |
| Margin of safety | Around fair value (highest margin of safety) | No price data | 265% above value | No price data |
| Market cap | $2.3B | $344.2M | $2.8B | $121.1M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |