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.
KNSA · Healthcare · Narrow moat
On the watchlist
| Measure | PTCT | VCYT | KNSA | PGNY |
|---|---|---|---|---|
| Moat Score (0–100) | 60 (highest) | 60 (highest) | 60 (highest) | 60 (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 | 75 | 80 (highest) | 75 | 69 |
| Pricing power | 100 (highest) | 96 | 96 | 30 |
| Returns on capital | 0 | 0 | 4 | 58 (highest) |
| Balance-sheet safety | 100 (highest) | 100 (highest) | 100 (highest) | 100 (highest) |
| Capital allocation | 24 | 24 | 24 | 42 (highest) |
| No price data | No price data | 2641% above value if growth stopped today | 300% above value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $6.3B | $4.5B | $5.0B | $2.6B |
| Moat tier | Shallow moat | Narrow moat | Narrow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |