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 | WST | KEYS | ELTP | MSA |
|---|---|---|---|---|
| Moat Score (0–100) | 75 (highest) | 75 (highest) | 75 (highest) | 74 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 44 | 56 | 90 (highest) | 90 (highest) |
| Pricing power | 54 | 96 (highest) | 71 | 77 |
| Returns on capital | 91 (highest) | 82 | 80 | 60 |
| Balance-sheet safety | 100 (highest) | 65 | 73 | 66 |
| Capital discipline | 83 (highest) | 77 | 60 | 74 |
| Price vs. high estimate | 124% above high estimate | No price data | 293% above high estimate | 105% above high estimate (largest discount to high estimate) |
| Market cap | $23.6B | Not reported | $420M | $6.8B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2026 | FY2025 |