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.
GBTG · Industrials · No moat
Doesn't clear the bar
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%.
| Measure | GBTG | PYYX | FET | AENT |
|---|---|---|---|---|
| Moat Score (0–100) | 40 (highest) | 40 (highest) | 40 (highest) | 39 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 85 (highest) | 80 | 60 | 20 |
| Pricing power | — | 27 | 15 | 100 (highest) |
| Returns on capital | 0 | 7 | 0 | 31 (highest) |
| Balance-sheet safety | 13 | 40 | 78 (highest) | 33 |
| Capital allocation | 60 (highest) | 44 | 44 | 13 |
| No price data | 190% above value if growth stopped today | 641% above value if growth stopped today | 103% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $4.9B | $85.9M | $651M | $301M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |