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.
EXP · Materials · Narrow moat
Wonderful & reasonably priced
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
PPG · Materials · Narrow moat
On the watchlist
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | EXP | WWW | PPG | BCPC |
|---|---|---|---|---|
| Moat Score (0–100) | 75 (highest) | 75 (highest) | 75 (highest) | 74 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 89 | 59 | 60 | 98 (highest) |
| Pricing power | 43 | 66 | 68 (highest) | 54 |
| Returns on capital | 84 | 86 | 92 (highest) | 58 |
| Balance-sheet safety | — | 100 (highest) | — | 100 (highest) |
| Capital discipline | 82 (highest) | 66 | 79 | 63 |
| Price vs. high estimate | 24% below high estimate (largest discount to high estimate) | No price data | 26% above high estimate | 167% above high estimate |
| Market cap | $6.3B | — | $25.9B | $5.2B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2026 | FY2025 | FY2025 | FY2025 |