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 | VELO | ASTE | KALU | SEB |
|---|---|---|---|---|
| Moat Score (0–100) | 31 (highest) | 31 (highest) | 31 (highest) | 31 (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 | 55 | 83 (highest) | 68 | 33 |
| Pricing power | 0 | 25 (highest) | 1 | 6 |
| Returns on capital | 0 | 0 | 11 (highest) | 0 |
| Balance-sheet safety | 55 (highest) | 22 | 13 | 39 |
| Capital allocation | 44 | 26 | 62 | 76 (highest) |
| No price data | 204% above value if growth stopped today | 227% above value if growth stopped today | 33% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $167M | $874M | $2.4B | $3.8B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |