Moat Category Capital-Light Compounder	Fair Value Estimate –	Price  $68.36	Enterprise Value $3.4bn
Moat Type Intangible Assets – Learning Curve	Economic Moat Wide	Stewardship Rating –	Market Cap $3.5bn

What does it do

Exponent Inc is a United States- based company that provides engineering and scientific consulting services on a project-by-project basis. The company’s consultant team is composed of scientists, physicians, engineers, as well as business and regulatory consultants. The company currently operates through two segments. The engineering and other scientific segments, which accounts for the majority of revenue, provides servicing encompassing biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, etc. The environmental and health segment covers chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences, etc. The company generates almost all its revenue from America.

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