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.
LPG · Industrials · Narrow moat
Wonderful & reasonably priced
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 | TEL | PLPC | LPG | FTI |
|---|---|---|---|---|
| Moat Score (0–100) | 65 (highest) | 65 (highest) | 65 (highest) | 64 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 53 | 63 | 90 | 95 (highest) |
| Pricing power | 57 (highest) | 56 | — | 6 |
| Returns on capital | 74 (highest) | 28 | 14 | 25 |
| Balance-sheet safety | 85 | 100 (highest) | 57 | 94 |
| Capital discipline | 54 | 80 | 100 (highest) | 100 (highest) |
| Price vs. high estimate | 130% above high estimate | 96% above high estimate | 38% below high estimate (largest discount to high estimate) | 1226% above high estimate |
| Market cap | $59.7B | $1.5B | $1.9B | $30.8B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |