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.
PTGX · 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%.
IPSC · 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 | PTGX | IOVA | NSPR | IPSC |
|---|---|---|---|---|
| Moat Score (0–100) | 36 (highest) | 36 (highest) | 36 (highest) | 36 (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 | 60 | 70 (highest) | 70 (highest) | 63 |
| Pricing power | — | 30 (highest) | 10 | — |
| Returns on capital | 4 (highest) | 0 | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 55 (highest) | 55 (highest) |
| Capital allocation | 24 | 24 | 44 (highest) | 24 |
| No price data | No price data | 99% below value if growth stopped today | No price data | |
| Market cap | $8.4B | $5.9B | $19.2M | $129M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |