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 | ENSG | NBIX | TCMD | PDEX |
|---|---|---|---|---|
| Moat Score (0–100) | 72 | 73 (highest) | 73 (highest) | 72 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 95 | 100 (highest) | 75 | 90 |
| Pricing power | 33 | 100 (highest) | 100 (highest) | 44 |
| Returns on capital | 74 (highest) | 39 | 27 | 62 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 65 |
| Capital allocation | 60 | 24 | 60 | 100 (highest) |
| 302% above value if growth stopped today | 534% above value if growth stopped today | 160% above value if growth stopped today (largest discount to value if growth stopped today) | 161% above value if growth stopped today | |
| Market cap | $10.0B | $17.6B | $617M | $179M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |