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.
SEZL · Technology · Narrow moat
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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 | NOVT | SEZL | ADI | APPF |
|---|---|---|---|---|
| Moat Score (0–100) | 67 (highest) | 67 (highest) | 67 (highest) | 66 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 69 | 80 | 84 | 90 (highest) |
| Pricing power | 73 | — | 97 | 100 (highest) |
| Returns on capital | 18 | 100 (highest) | 34 | 14 |
| Balance-sheet safety | 100 (highest) | 54 | 56 | 100 (highest) |
| Capital allocation | 73 (highest) | 32 | 60 | 28 |
| 354% above value if growth stopped today | 5846% above value if growth stopped today | 339% above value if growth stopped today (largest discount to value if growth stopped today) | 2282% above value if growth stopped today | |
| Market cap | $5.0B | $5.2B | $182.1B | $6.0B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |