The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same four filters from their SEC filings — so the comparison is apples to apples. The method is fully public.
| Measure | HOG | PBSV | III | AIN |
|---|---|---|---|---|
| Moat Score (0–100) | 38 (highest) | 38 (highest) | 38 (highest) | 38 (highest) |
| Pricing power | 35 | 46 | 68 (highest) | 50 |
| Returns on capital | 12 | 14 | 15 | 43 (highest) |
| Balance-sheet safety | 79 (highest) | 55 | 42 | 0 |
| Capital discipline | 40 | 45 | 24 | 50 (highest) |
| Margin of safety | 62% below value (highest margin of safety) | No price data | 74% above value | No price data |
| Market cap | $3.0B | $11.5M | $190.6M | — |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |