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.

IAC Inc.

PPLI · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

PENGUIN SOLUTIONS, INC.

PENG · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

Grid Dynamics Holdings, Inc.

GDYN · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

LIVEPERSON, INC.

LPSN · Technology · Shallow moat

Shallow moat

Doesn't clear the bar

Measure	PPLI	PENG	GDYN	LPSN
Moat Score (0–100)	44 (highest)	44 (highest)	44 (highest)	44 (highest)
Pricing power	90	26	61	98 (highest)
Returns on capital	0	25 (highest)	9	0
Balance-sheet safety	28	99 (highest)	55	28
Capital discipline	56	44	59 (highest)	44
Margin of safety	No price data	347% above value	No price data	No price data
Market cap	$3.6B	$3.2B	$491.2M	$20.2M
Moat tier	Shallow moat	Shallow moat	Shallow moat	Shallow moat
Filings as of	FY2025	FY2025	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.