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 | PYXS | LCTX | EBS | NKTR |
|---|---|---|---|---|
| Moat Score (0–100) | 43 (highest) | 43 (highest) | 43 (highest) | 43 (highest) |
| Pricing power | 91 (highest) | 91 (highest) | 68 | 87 |
| Returns on capital | 0 | 0 | 18 (highest) | 4 |
| Balance-sheet safety | 55 (highest) | 55 (highest) | 29 | 55 (highest) |
| Capital discipline | 24 | 24 | 57 (highest) | 24 |
| Margin of safety | No price data | No price data | No price data | No price data |
| Market cap | $147.9M | $282.0M | $397.5M | $1.4B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |