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.
FUL · Materials · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
TPET · Materials · Shallow moat
Doesn't clear the bar
The capitalDiscipline component abstained: Not enough owner-earnings history to score capital discipline. The other four 20% weights were renormalized over the scored 80%.
| Measure | FUL | OEC | TPET | OII |
|---|---|---|---|---|
| Moat Score (0–100) | 42 (highest) | 42 (highest) | 42 (highest) | 42 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 79 (highest) | 38 | 70 | 60 |
| Pricing power | 46 | 37 | 70 (highest) | 0 |
| Returns on capital | 7 | 40 (highest) | 0 | 11 |
| Balance-sheet safety | — | 40 | 28 | 71 (highest) |
| Capital discipline | 34 | 55 | — | 67 (highest) |
| Price vs. high estimate | 6% below high estimate | 66% below high estimate (largest discount to high estimate) | No price data | 277% above high estimate |
| Market cap | $3.0B | $395.3M | $2.9M | $4.3B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |