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.
| Measure | PCTY | MANH | VEEV | UI |
|---|---|---|---|---|
| Moat Score (0–100) | 94 (highest) | 94 (highest) | 94 (highest) | 93 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 100 (highest) | 100 (highest) | 100 (highest) | 95 |
| Pricing power | 94 | 91 | 100 (highest) | 70 |
| Returns on capital | 100 (highest) | 100 (highest) | 93 | 100 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 74 | 80 | 77 | 100 (highest) |
| 188% above value if growth stopped today (largest discount to value if growth stopped today) | 567% above value if growth stopped today | 734% above value if growth stopped today | 709% above value if growth stopped today | |
| Market cap | $8.5B | $13.2B | $48.7B | $36.6B |
| Moat tier | Wide moat | Wide moat | Wide moat | Wide moat |
| Filing date | FY2026 | FY2025 | FY2026 | FY2026 |