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.
MTN · Communications · 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%.
LYV · Communications · 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%.
ADEA · Communications · 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%.
MSGE · Communications · 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%.
| Measure | MTN | LYV | ADEA | MSGE |
|---|---|---|---|---|
| Moat Score (0–100) | 53 | 54 (highest) | 54 (highest) | 53 |
| 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) | 65 | 61 | 80 |
| Pricing power | — | — | — | — |
| Returns on capital | 48 | 40 | 55 | 63 (highest) |
| Balance-sheet safety | 15 | 52 (highest) | 41 | 14 |
| Capital allocation | 60 (highest) | 60 (highest) | 59 | 57 |
| 57% above value if growth stopped today (largest discount to value if growth stopped today) | 657% above value if growth stopped today | 61% above value if growth stopped today | 786% above value if growth stopped today | |
| Market cap | $5.2B | $41.7B | $2.8B | $3.7B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |