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.
| Measure | KEYS | EW | NATR | ELTP |
|---|---|---|---|---|
| Moat Score (0–100) | 75 | 76 (highest) | 75 | 75 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 56 | 43 | 44 | 90 (highest) |
| Pricing power | 96 | 98 | 100 (highest) | 71 |
| Returns on capital | 82 | 100 (highest) | 66 | 80 |
| Balance-sheet safety | 65 | 100 (highest) | 73 | 73 |
| Capital discipline | 77 | 37 | 93 (highest) | 60 |
| Price vs. high estimate | No price data | 187% above high estimate | 96% above high estimate (largest discount to high estimate) | 293% above high estimate |
| Market cap | Not reported | $48.0B | $357M | $420M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2026 |