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.
LPG · Industrials · Narrow moat
Wonderful & reasonably priced
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 | LPG | NDSN | PLPC | TEL |
|---|---|---|---|---|
| Moat Score (0–100) | 65 (highest) | 65 (highest) | 65 (highest) | 65 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 90 (highest) | 73 | 63 | 53 |
| Pricing power | — | 92 (highest) | 56 | 57 |
| Returns on capital | 14 | 61 | 28 | 74 (highest) |
| Balance-sheet safety | 57 | 34 | 100 (highest) | 85 |
| Capital allocation | 100 (highest) | 66 | 80 | 54 |
| 20% above value if growth stopped today (largest discount to value if growth stopped today) | 216% above value if growth stopped today | 260% above value if growth stopped today | 141% above value if growth stopped today | |
| Market cap | $2.3B | $18.0B | $1.7B | $62.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2026 | FY2025 | FY2025 | FY2025 |