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.
| Measure | PRTH | WSC | APPN | BELFA |
|---|---|---|---|---|
| Moat Score (0–100) | 38 (highest) | 38 (highest) | 38 (highest) | 37 |
| Pricing power | 48 | 69 | 96 (highest) | 22 |
| Returns on capital | 38 (highest) | 4 | 0 | 37 |
| Balance-sheet safety | 0 | 40 | 0 | 55 (highest) |
| Capital discipline | 60 (highest) | 40 | 44 | 44 |
| Margin of safety | 39% below value (highest margin of safety) | 24% above value | No price data | No price data |
| Market cap | $548.0M | $4.9B | $1.9B | — |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |