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.

Micron Technology, Inc.

MU · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

NETSCOUT SYSTEMS, INC.

NTCT · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

Simulations Plus, Inc.

SLP · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

PAYSIGN, INC.

PAYS · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	MU	NTCT	SLP	PAYS
Moat Score (0–100)	54	55 (highest)	54	54
Pricing power	37	99 (highest)	92	74
Returns on capital	61 (highest)	0	36	0
Balance-sheet safety	96	73	55	100 (highest)
Capital discipline	28	52	24	60 (highest)
Margin of safety	803% above value	36% above value (highest margin of safety)	148% above value	352% above value
Market cap	$952.5B	$3.0B	$367.1M	$471.0M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2026	FY2025	FY2025

Scores reflect business quality, not buy/sell signals. Educational only — not investment advice, and not a recommendation on any company shown. See the methodology and disclaimer.