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.
SIEB · Other · Shallow 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%.
BEN · Other · Shallow 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 | SIEB | NDAQ | BEN | ABX |
|---|---|---|---|---|
| Moat Score (0–100) | 51 | 54 (highest) | 51 | 50 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 22 | 79 (highest) | 38 | 57 |
| Pricing power | — | 96 | — | 100 (highest) |
| Returns on capital | 56 | 16 | 64 (highest) | 24 |
| Balance-sheet safety | 100 (highest) | 19 | 66 | 9 |
| Capital discipline | 24 | 60 (highest) | 37 | 60 (highest) |
| Price vs. high estimate | 13% below high estimate (largest discount to high estimate) | 159% above high estimate | 71% above high estimate | 305% above high estimate |
| Market cap | $67.1M | $52.4B | $16.8B | $1.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |