I take it into consideration, for sure, but I've found A LOT of people are, what I call, "turbulence over-staters." I can't tell you how many times I've heard moderate reported and it was light turb at worst. I've also seen it from FO's. We get into some light chop/OCNL turb. and they call ATC with moderate. I'm thinking, "Dude... I've been in moderate and this ain't it."