TRNS (Transcat Inc) vs S&P 500 Comparison

TRNS

S&P 500

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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TRNS

S&P 500

Difference

1Y 3Y 5Y 10Y 15Y 20Y

TRNS

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

TRNS

8001

8058

8031

GWW

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Transcat Inc
Glance View

Market Cap

941.3m USD

Industry

Trading Companies & Distributors

Transcat, Inc. engages in provision of calibration and laboratory instrument services. The company is headquartered in Rochester, New York and currently employs 765 full-time employees. Transcat is focused on providing services and products to the life science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses. Transcat operates through two segments: Service and Distribution. Its Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting, and other related services. Its distribution segment it sells and rent national and brand instruments to customers globally. Its other industries served includes industrial manufacturing; energy and utilities, including oil and gas; chemical manufacturing; FAA-regulated businesses, including aerospace and defense and other industries.

View TRNS Analysis

TRNS Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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JP		Itochu Corp TSE:8001	Select
JP		Mitsubishi Corp TSE:8058	Select
JP		Mitsui & Co Ltd TSE:8031	Select
US		W W Grainger Inc NYSE:GWW	Select
US	W	WW Grainger Inc XMUN:GWW	Select
US		United Rentals Inc NYSE:URI	Select
US		Fastenal Co NASDAQ:FAST	Select
UK	F	Ferguson PLC NYSE:FERG	Select
IN		Adani Enterprises Ltd NSE:ADANIENT	Select
UK		Ashtead Group PLC LSE:AHT	Select

JP		Itochu Corp TSE:8001	Add
JP		Mitsubishi Corp TSE:8058	Add
JP		Mitsui & Co Ltd TSE:8031	Add
US		W W Grainger Inc NYSE:GWW	Add
US	W	WW Grainger Inc XMUN:GWW	Add
US		United Rentals Inc NYSE:URI	Add
US		Fastenal Co NASDAQ:FAST	Add
UK	F	Ferguson PLC NYSE:FERG	Add
IN		Adani Enterprises Ltd NSE:ADANIENT	Add
UK		Ashtead Group PLC LSE:AHT	Add

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TRNS

vs

S&P 500

Stocks Performance
TRNS vs S&P 500

Performance Gap
TRNS vs S&P 500

Performance By Year
TRNS vs S&P 500

Competitors Performance
Transcat Inc vs Peers

Transcat Inc
Glance View

Company

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TRNS vs S&P 500

Stocks Performance TRNS vs S&P 500

Performance Gap TRNS vs S&P 500

Performance By Year TRNS vs S&P 500

Competitors Performance Transcat Inc vs Peers

Transcat Inc Glance View

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Stocks

TRNS

vs

S&P 500

Stocks Performance
TRNS vs S&P 500

Performance Gap
TRNS vs S&P 500

Performance By Year
TRNS vs S&P 500

Competitors Performance
Transcat Inc vs Peers

Transcat Inc
Glance View