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.

CELANESE CORPORATION

CE · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

Sensient Technologies Corp

SXT · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

cbdMD, Inc.

YCBD · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

OLAPLEX HOLDINGS, INC.

OLPX · Materials · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	CE	SXT	YCBD	OLPX
Moat Score (0–100)	42	43 (highest)	43 (highest)	42
Pricing power	35	58	76	95 (highest)
Returns on capital	45 (highest)	30	0	20
Balance-sheet safety	28	33	55 (highest)	0
Capital discipline	64 (highest)	48	44	37
Margin of safety	No price data	115% above value	No price data	104% above value (highest margin of safety)
Market cap	—	$4.6B	$5.1M	$1.4B
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.