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 | PLAB | ZM | CRM | ALAB |
|---|---|---|---|---|
| Moat Score (0–100) | 69 (highest) | 69 (highest) | 69 (highest) | 69 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 93 | 80 | 95 (highest) | 85 |
| Pricing power | 21 | 98 | 100 (highest) | 98 |
| Returns on capital | 46 (highest) | 24 | 0 | 18 |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 90 | 100 (highest) |
| Capital allocation | 83 (highest) | 44 | 60 | 42 |
| 25% above value if growth stopped today (largest discount to value if growth stopped today) | 141% above value if growth stopped today | 204% above value if growth stopped today | No price data | |
| Market cap | $1.7B | $27.0B | $152.0B | $49.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2026 | FY2026 | FY2025 |