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.
PSTV · Healthcare · 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%.
TNGX · Healthcare · 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 | PSTV | TNGX | INIS | RGNX |
|---|---|---|---|---|
| Moat Score (0–100) | 38 | 39 (highest) | 38 | 38 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 41 | 55 | 56 (highest) | 54 |
| Pricing power | 42 | — | 84 (highest) | 79 |
| Returns on capital | — | 0 | 0 | 7 (highest) |
| Balance-sheet safety | 28 | 55 (highest) | 28 | 28 |
| Capital discipline | 44 (highest) | 44 (highest) | 24 | 24 |
| Price vs. high estimate | No price data | No price data | No price data | No price data |
| Market cap | $531.1M | $3.7B | $37.0M | $525.2M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |