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.
HNNA · Other · Shallow 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%.
VALU · Other · Narrow moat
On the watchlist
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%.
SAMG · Other · Shallow moat
On the watchlist
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 | HNNA | VALU | RILY | SAMG |
|---|---|---|---|---|
| Moat Score (0–100) | 58 | 65 (highest) | 62 | 58 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 87 (highest) | 51 | 59 | 53 |
| Pricing power | — | — | 94 | — |
| Returns on capital | 93 | 35 | 96 | 100 (highest) |
| Balance-sheet safety | 37 | 100 (highest) | 0 | 73 |
| Capital discipline | 17 | 73 (highest) | 60 | 5 |
| Price vs. high estimate | 14% below high estimate | 53% above high estimate | No price data | 36% below high estimate (largest discount to high estimate) |
| Market cap | $78.7M | $371.3M | $209.9M | $85.8M |
| Moat tier | Shallow moat | Narrow moat | Narrow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |