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.
SBC · Healthcare · Wide moat
Wonderful & reasonably priced
| Measure | ELMD | BMI | MDXG | SBC |
|---|---|---|---|---|
| Moat Score (0–100) | 83 | 85 (highest) | 84 | 83 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 100 (highest) | 75 | 58 |
| Pricing power | 100 (highest) | 67 | 100 (highest) | 100 (highest) |
| Returns on capital | 41 | 79 | 85 | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 76 | 80 (highest) | 60 | 56 |
| 812% above value if growth stopped today | 323% above value if growth stopped today | 32% above value if growth stopped today | 41% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $321M | $4.7B | $622M | $314M |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |