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.
BNC · Agriculture · No moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | VRNO | BNC | AVO | CWBHF |
|---|---|---|---|---|
| Moat Score (0–100) | 32 (highest) | 32 (highest) | 32 (highest) | 31 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 35 | 20 | 62 (highest) | 20 |
| Pricing power | 78 (highest) | 8 | 5 | 56 |
| Returns on capital | 0 | — | 13 (highest) | 0 |
| Balance-sheet safety | 0 | 78 (highest) | 62 | 55 |
| Capital allocation | 44 (highest) | 24 | 20 | 24 |
| No price data | No price data | 109% above value if growth stopped today | No price data | |
| Market cap | $2.0B | $119M | $876M | $38.3M |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2026 | FY2025 | FY2025 |