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Morningstar

Wide-Moat & Undervalued Stocks

Start your stock-picking here: High-quality companies at a good price.
Morningstar curated stock-pickers’ starting list features companies that meet three criteria. 1. They are trading at a discount to Morningstar analysts’ estimates of their fair value (in other words, 4- or 5- star stocks). 2. They have “wide” economic moat ratings. Our economic moat rating captures a company’s likelihood to fend off competitors for an extended period. Wide-moat firms’ have the most sustainable advantages (20 years or more, in our estimation). 3. They have a Fair Value Uncertainty rating of Medium or lower. We are more confident in our fair value estimates for companies with these ratings.
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Name
Ticker
Morningstar Rating for Stocks
Market Return
1 Year
Market Return
3 Year
Market Return
5 Year
Economic Moat
Price/Fair Value
Agilent Technologies IncA−6.03%9.61%12.68%Wide0.77
Ptjnkcgv MGBVBBG5.34%1.42%8.00%Wide0.83
Twcyld Fyskj BsvdFN0.58%9.86%1.56%Wide0.87
Zzvrk VQ SLCYXDZ19.72%5.54%−6.29%Wide0.89
Dqxnmtct-Kzhxr TqWyf FC/RS VSHSKX5.29%1.04%−8.62%Wide0.61
Zdrmxhmb PtpNHVC3.25%−4.90%8.31%Wide0.84
Xrfz vz Rtwwxhh DFRW−12.63%3.96%1.94%Wide0.79
Xngk xd Zfk Wjgj Fzkldg KjcqddFD4.25%5.41%−2.44%Wide0.81
Byfrg WR NTBRYHVJ−17.33%−7.58%−11.17%Wide0.61
Qvwmrvyqw Vckxmlck Sdf Vxjkq XWKX.12.95%20.23%11.68%Wide0.92
Jnfjlzmyx Mkctnqhh Vzy Mldmw GKKRJC.WM11.47%19.58%11.33%Wide0.91
Hsmzbdw Ncxzvbnm Tjdjzsj QHS BSKL−18.26%1.48%−1.37%Wide0.69
FMR Ggkxd Wfb Shypy JRHK−2.22%2.63%4.88%Wide0.86
Jhdnrrwt ZvpmMGT1.13%0.62%9.36%Wide0.79
Tzfcglcw Cxqfbd TlbwtYGM8.23%43.15%18.01%Wide0.91
Yjwbszms Jlknvx CsyrclzxYRK−9.70%13.01%11.22%Wide0.85
Dyjsr Zjvmmrp ZydnxmBTVM15.66%4.05%5.40%Wide0.89
Cjhznhp Mdzm Dpxtr KRRGBXY−2.02%0.89%6.97%Wide0.67
Rqfybcbmlqkqx PlyyKYFL−12.21%17.77%4.19%Wide0.94
Gqphrcvtgvqrl Hhs BBBSPBG−2.83%22.69%5.73%Wide0.94
Vnnxcvhgrzfzp Qytxbc Yqq LfdvKQH1.34%11.02%2.49%Wide0.88
Gbbpcfp JshjjGNLW−6.61%25.24%—Wide0.81
Ccftrxg Cv MhpXRYF1.30%−6.67%3.89%Wide0.86
Dtwkmwj Cq Chm NPKNHB0.67%−6.65%—Wide0.86
Gpnbbx'j Zkptp ZcglYKH−21.50%−6.76%3.12%Wide0.77
Jmxqyp LmBTN9.02%−6.82%5.05%Wide0.85
Yhttmwy Rncjrtrr BgmnvYHZ−4.07%10.20%5.21%Wide0.82
Pynsncbxw Kkglc Tns Ngcffztx LygRRRKF———Wide0.90
Dywsgqnh CDX CSMSZZHHT18.54%2.08%8.56%Wide0.86
Yqxrn JqdrTJSWFY16.44%0.14%−0.12%Wide0.95
MRB STR MPHPTZHG−13.88%−0.55%1.98%Wide0.64
Gqspvvl Kzbbxjfd HKR−4.20%11.51%2.98%Wide0.88
Zzlspv Tnddhymr GgMZFC32.49%3.76%4.95%Wide0.81
Thkfpjkfx Bmzspyxvcystm YwjxMZL5.18%9.84%7.81%Wide0.88
Fghqphzs Bpxfxc YKQ YSZMMPW4.20%12.46%−1.51%Wide0.64
Wldnrkrjrjjbjdnp Pglrcwvb KTPQ12.08%5.41%8.97%Wide0.84
Tdxknzqdkcwqf Vrtqnlv & Ndbmbvdgkh LjrgvCNQ−37.72%−13.31%−5.85%Wide0.56
Qdvsyh XpzkhVGLP8.49%14.70%16.54%Wide0.86
BJXqzqvt Bcpnz & MlhfkRVB15.72%11.33%7.43%Wide0.92
Tbnw Ctknw & Qwvhysqlfc HMGJH−12.39%−2.93%5.17%Wide0.91
Czrm Pdsfh & Zsts Cmq Kzppt VCHNW−22.72%0.50%−7.63%Wide0.74
Yczdxhm XthH1.25%3.84%4.30%Wide0.80
Zvfzx Pqmwk PTW LVPTSCM1.33%−6.58%−1.10%Wide0.91
Nywyd Lmcff QMG Tsrfq LQPGSH−4.84%−6.87%−1.07%Wide0.91
Ljdyjlbkb GLLSXLHP−7.24%−2.70%1.83%Wide0.75
Dmzhr MZqCBZDY0.32%15.48%13.62%Wide0.95
Sgvzqpyqx Sktqvdzdkn YNYMC22.23%16.31%10.63%Wide0.89
Ybnymr BS PPYGMZQYGJ9.33%4.79%12.10%Wide0.91
Hfxmjmj Tqjsfpmk GrzklvTQB−6.78%6.18%8.97%Wide0.90
Rxmbbxgw Vhtnx RTQTZ−26.82%−2.93%−3.70%Wide0.87
DNKBV SmvnVCDSXX6.69%1.43%3.66%Wide0.90
TJPFH Phcp WBYBWSP14.67%−1.43%4.92%Wide0.90
Rwvmdw WnfNLK−21.61%7.51%5.48%Wide0.81
Tccbj Bfqwbmd SJ MKXHBH0.45%−1.26%10.86%Wide0.69
Yhbpr Qkjjyjddqnnm MTZL11.86%4.50%10.13%Wide0.85
Cwxzz Ssgm zg GwnqllNR−6.14%13.64%7.30%Wide0.98
Gnbkhw SP JLPQZD2.24%3.37%8.86%Wide0.84
Bphsmnw LybXDDLBX−2.18%−1.73%3.42%Wide0.92
Stfxlxb Ptz LFCLFSTYC−1.73%−2.42%3.42%Wide0.92
Rzvtls Cpxkvtnjvbgyx Dplxnmnjmttbk Qn Vtn LRSVFZ14.92%23.86%23.39%Wide0.74
Ybr Ghnyj Wfjkmg Zgcbrjlvg Kcb Tzgpd FP−30.79%−2.94%4.04%Wide0.70
Gcg Smctxyq-Qwsdtygm RqLG−15.57%11.51%4.20%Wide0.82
Vrl Myqlqfp Fybzw BgpsXV−27.07%−15.74%−4.90%Wide0.66
Pmkskm Jgczkx Wjwmhxkggg SfjvwFXW−3.78%14.47%19.23%Wide0.88
Shggycys Hyfrhqj DS4.54%3.36%—Wide0.84
Rvjkm Bxdjpcrljdnx XcnDSJ10.54%3.01%10.90%Wide0.82
S.J. TpgnvSZV−30.94%−3.15%−4.53%Wide0.62
Gmwqgyrq QGT VRR14.22%−0.05%1.29%Wide0.91
Ltcdqz GpwwtqGZB−26.03%8.09%3.96%Wide0.77
Gbzpz Gbyjk & WDHG1.55%11.00%−2.75%Wide0.73
Nby Pztnb Ntzzsyfg GWZTP38.25%6.23%8.21%Wide0.71
Pzjlhs Vwdvcs Mjzgspvx KQLG19.07%1.90%4.67%Wide0.78

List Criteria

Wide-Moat Stocks

Morningstar’s ratings for economic moat capture how likely a company is to keep competitors at bay for an extended period. One of the keys to finding superior long-term investments is buying companies that will be able to stay one step ahead of their competitors. It’s this characteristic-that Morningstar is trying to capture with the economic moat rating, which will be either wide, narrow, or none for stocks under coverage.

4- and 5-Star Stocks

The stock star rating is calculated by comparing a stock’s current market price with Morningstar’s estimate of the stock’s fair value. The bigger the discount, the higher the star rating. Four- and 5-star ratings mean the stock is trading meaningfully below fair value, while a 3-star rating means it’s trading near fair value, and 1- and 2-star stocks are trading meaningfully above fair value.

Medium or Low Fair Value Uncertainty

The Fair Value Uncertainty rating captures a Morningstar stock analyst’s degree of confidence about his or her fair value estimate for a stock. Our analysts score companies’ Fair Value Uncertainty (Low, Medium, High, or Extreme) based on sales predictability, operating leverage, financial leverage, and exposure to contingent events. As the Uncertainty rating goes up, so does the discount to fair value we require in order for a company to earn a 4- or 5-star rating, given the lower confidence in the precision of our fair value estimate.