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.
NBND · Other · No moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
IVZ · Other · No 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 | PAPL | NBND | CORZ | IVZ |
|---|---|---|---|---|
| Moat Score (0–100) | 20 | 22 (highest) | 21 | 19 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 27 (highest) | 10 | 20 | 21 |
| Pricing power | 0 | 26 (highest) | 7 | — |
| Returns on capital | 0 | — | 0 | 2 (highest) |
| Balance-sheet safety | 28 | 28 | 55 (highest) | 28 |
| Capital allocation | 44 (highest) | 24 | 24 | 24 |
| No price data | No price data | No price data | 104% above value if growth stopped today | |
| Market cap | $1.3M | Not reported | $5.6B | $14.7B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |