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.
VALU · Other · Narrow 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%.
BLK · Other · Narrow 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%.
LAZ · Other · Narrow 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%.
| Measure | VALU | BLK | LAZ | RILY |
|---|---|---|---|---|
| Moat Score (0–100) | 65 | 66 (highest) | 66 (highest) | 62 |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 51 | 76 (highest) | 75 | 59 |
| Pricing power | — | — | — | 94 |
| Returns on capital | 35 | 60 | 97 (highest) | 96 |
| Balance-sheet safety | 100 (highest) | 76 | 51 | 0 |
| Capital discipline | 73 (highest) | 53 | 40 | 60 |
| Price vs. high estimate | 53% above high estimate | 147% above high estimate | 51% above high estimate (largest discount to high estimate) | No price data |
| Market cap | $371.3M | $163.5B | $4.7B | $209.9M |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |