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.
LPG · Industrials · Narrow moat
Wonderful & reasonably priced
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
MAS · Industrials · Narrow moat
On the watchlist
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 | FTI | LPG | TEL | MAS |
|---|---|---|---|---|
| Moat Score (0–100) | 64 | 65 (highest) | 65 (highest) | 64 |
| 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 (highest) | 90 | 53 | 65 |
| Pricing power | 6 | — | 57 | 60 (highest) |
| Returns on capital | 25 | 14 | 74 (highest) | — |
| Balance-sheet safety | 94 (highest) | 57 | 85 | 53 |
| Capital allocation | 100 (highest) | 100 (highest) | 54 | 78 |
| 1100% above value if growth stopped today | 23% above value if growth stopped today (largest discount to value if growth stopped today) | 138% above value if growth stopped today | 55% above value if growth stopped today | |
| Market cap | $27.8B | $2.4B | $61.9B | $14.2B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |