The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
CTVA · Agriculture · Narrow moat
Wonderful & reasonably priced
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | CTVA | CALM | GTBIF |
|---|---|---|---|
| Moat Score (0–100) | 61 (highest) | 54 | 53 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 45 | 80 | 89 (highest) |
| Pricing power | 60 | 9 | 80 (highest) |
| Returns on capital | — | 36 (highest) | 7 |
| Balance-sheet safety | 76 | 100 (highest) | 67 |
| Capital allocation | 64 (highest) | 43 | 24 |
| 54% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | 73% above value if growth stopped today | |
| Market cap | $8.7B | Not reported | $1.4B |
| Moat tier | Narrow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2026 | FY2025 |