Nikkei Moat Stock Index

Overview

The Nikkei Moat Stock Index is an equal-weighted stock index composed of 30 stocks selected from among those listed on the Prime Market of the Tokyo Stock Exchange (excluding financials) that are deemed to possess a economic "moat".

• Chart
  
• Constituents
  30 Stocks listed on the Prime Market of the Tokyo Stock Exchange (excluding financials)
• Periodic review
  Annually (July)
• Selection rules
  • Eligible stocks are meet all of the following three criteria:(1) Market capitalization of 100 billion yen or more, (2) Sales ranking within the top 20% of the company’s industry and (3) PEG ratio below 2 and greater than zero (applicable at the time of new inclusion only)
  • From among the eligible stocks, 30 stocks are selected ranked by the degree to which their operating cash flow margin exceeds the industry average (three-year historical average).
• Number of constituents
  30
• Weighting
  Equal weight
• Calculation Method
  • The index is calculated by summing up the constituent share prices multiplied by the Weight Factors, and dividing the summation by the Divisor.
  • The Divisor is adjusted like the base market value for the market capitalization based index.
• Calculation frequency
  End-of-day basis
• Commencement date
  February 9, 2026
• Inception date
  July 31, 2013
• Calculation base date
  July 31, 2013＝10,000