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 | CDE | ECL | CBT | ELF |
|---|---|---|---|---|
| Moat Score (0–100) | 57 | 58 (highest) | 57 | 56 |
| Pricing power | 65 | 70 | 37 | 96 (highest) |
| Returns on capital | 18 | 51 | 64 (highest) | 24 |
| Balance-sheet safety | 100 (highest) | 34 | 55 | 51 |
| Capital discipline | 60 | 75 | 79 (highest) | 47 |
| Margin of safety | No price data | 615% above value | 20% below value (highest margin of safety) | 191% above value |
| Market cap | $9.2B | $76.9B | $4.8B | $4.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |