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 | NATR | ELTP | MNESP |
|---|---|---|---|---|
| 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 | 44 | 90 (highest) | 90 (highest) |
| Pricing power | 54 | 100 (highest) | 71 | 77 |
| Returns on capital | 91 (highest) | 66 | 80 | 60 |
| Balance-sheet safety | 100 (highest) | 73 | 73 | 66 |
| Capital allocation | 83 | 93 (highest) | 60 | 74 |
| 324% above value if growth stopped today | 21% above value if growth stopped today | 152% above value if growth stopped today | 29% below value if growth stopped today (largest discount to value if growth stopped today) | |
| Market cap | $27.6B | $221M | $269M | $1.5B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2026 | FY2025 |