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.
| Measure | EL | NOG | VAL | MUR |
|---|---|---|---|---|
| Moat Score (0–100) | 50 | 51 (highest) | 51 (highest) | 50 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 14 | 75 | 85 (highest) | 33 |
| Pricing power | 99 | 92 | 0 | 100 (highest) |
| Returns on capital | 86 (highest) | 39 | 8 | 7 |
| Balance-sheet safety | 0 | 28 | 100 (highest) | 47 |
| Capital allocation | 53 | 24 | 60 | 64 (highest) |
| 158% above value if growth stopped today | No price data | 20% below value if growth stopped today (largest discount to value if growth stopped today) | 23% above value if growth stopped today | |
| Market cap | $28.9B | $2.1B | $5.5B | $5.6B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |