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.
| Measure | TBCH | MAN | CEVA | BNAI |
|---|---|---|---|---|
| Moat Score (0–100) | 42 (highest) | 42 (highest) | 42 (highest) | 42 (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 | 28 | 28 | 33 | 60 (highest) |
| Pricing power | 43 | 31 | 100 (highest) | 100 (highest) |
| Returns on capital | 74 (highest) | 60 | 0 | 0 |
| Balance-sheet safety | 42 | 53 | 55 (highest) | 28 |
| Capital allocation | 24 | 40 (highest) | 24 | 24 |
| 28% above value if growth stopped today | 19% above value if growth stopped today (largest discount to value if growth stopped today) | No price data | No price data | |
| Market cap | $231M | $2.4B | $1.0B | $64.5M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |