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%.
SAMG · Other · Shallow moat
On the watchlist
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%.
SNEX · Other · Shallow moat
Doesn't clear the bar
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
| Measure | SIEB | SAMG | ZSQR | SNEX |
|---|---|---|---|---|
| Moat Score (0–100) | 51 | 53 (highest) | 52 | 50 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 22 | 33 | 70 | 71 (highest) |
| Pricing power | — | — | 92 (highest) | 70 |
| Returns on capital | 56 | 100 (highest) | 0 | 0 |
| Balance-sheet safety | 100 (highest) | 73 | 55 | — |
| Capital allocation | 24 | 5 | 44 | 60 (highest) |
| 13% below value if growth stopped today | 30% below value if growth stopped today (largest discount to value if growth stopped today) | No price data | 11% above value if growth stopped today | |
| Market cap | $67.1M | $93.3M | $23.2M | $3.0B |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |