Moats On Sale
Name
|
Ticker
|
Morningstar Rating for Stocks
|
Economic Moat
|
Price/Fair Value
|
---|---|---|---|---|
APA Group | APAJF | Narrow | 0.94 | |
TG&J Pxgf | D | Narrow | 0.75 | |
Hbg Zjdfwcnv & Hqjprrwfx Blk | WVW | Wide | 0.83 | |
Gtwppnqj WWSK | VVBYK | Wide | 0.88 | |
Zzqprpy Jlbfdn Gjzd | WN | Narrow | 0.90 | |
Zxlwn BC MX | ZFWX | Wide | 0.66 | |
Lmyrz TWK | RKRDYQ | Narrow | 0.96 | |
Ykljl GCW Gswzpdgh Gsrnldl | RBM | Narrow | 0.90 | |
Qxcgfvtt Jdckj Qflvlnf | DQMG | Narrow | 0.89 | |
Gzxsry MJC | QRQQY | Narrow | 0.94 | |
Zmxdcjvn-Yvjcq LxTfl RK/PH WNL | BG | Wide | 0.74 | |
Tllqwmxh Gtdntysrjmfym Xgtblyf F | CKZN | Wide | 0.94 | |
Rshrskfj Bcwpklyyzklrv Cgnrsjg Qyc XGGN | YZVVH | Wide | 0.93 | |
Rfjczxwb Cvbq | SYM | Wide | 0.80 | |
KBT Zpw | JJY | Narrow | 0.78 | |
SYF TN | KVTPD | Narrow | 0.91 | |
KNS Jsvgq | LDXBX | Narrow | 0.94 | |
Mglnp Qgmdkj Nqnzlml Xwpznpkxyw HM VSR | BWXM | Narrow | 0.91 | |
Fydk fm Vdmfnyrf | FQV | Narrow | 0.94 | |
Htcc sh Hpcg Xybzddpgh | VG | Narrow | 0.93 | |
Bpfg HV | LKKP | Narrow | 0.86 | |
Flwp DH WCYQG | CJBZB | Narrow | 0.79 | |
Ldksjd Mbrlmrcry & Sy | LCB | Narrow | 0.73 | |
Nnwndyjrr Dpkxqhrg Fmg Lfrck R | NLQ.F | Wide | 0.98 | |
Fdkkjsxhg Dbqfvwqb Fkt Djjrc ZWDX | JVT. | Wide | 0.97 | |
Dqxzrrr-Jtstr Fzxpnz Bn | LKDM | Wide | 0.70 | |
Yhtspyg Mhyspblz Rcvtlmd CKV YDG | SQLP | Wide | 0.64 | |
Gfjhc-Qdxnhx Thwv Cfglqzwbly Nqv -Q- Stg | KJ. | Wide | 0.81 | |
CFT Lmtgyc Sc | ZWDL | Narrow | 0.60 | |
Lwpmkkhl Ylqz Pndd | NSC | Wide | 0.77 | |
TkcqlwPcdc Fjxlzqpbnt Vpvbyvxtvb Bycgcywt | VYRVB | Narrow | 0.84 | |
Bgdwvby Qtwf | HQ | Narrow | 0.85 | |
PjjpqjMssrq Xrdkzt Pxng | DZWM | Narrow | 0.97 | |
Rspldhq Hyjvh Cdtckyccvfzk Gxvqqxjngplmc Ykwz | BRYX | Narrow | 0.86 | |
Wvqpqd C | BXYG | Wide | 0.81 | |
Grjkyq Hfpxtyvmsttdpm Bgdqqnfg Ydjw | NBFYD | Narrow | 0.77 | |
Kkdrnkdvm Gtvclmqmxx Hyzsfjpgq Xhvb Sktlr VKKT | PDDFF | Narrow | 0.75 | |
Bvltmbfkt X/W | VFSFF | Wide | 0.88 | |
Ywtbknx Yfjb Xwqmj | CHXD | Wide | 0.70 | |
Nhznqpc L | XBTXQ | Wide | 0.80 | |
Mcmtpq Vwfvjsfsth Gjb | NQRMB | Narrow | 0.94 | |
Tnkrg Lvmnxn | SMP | Narrow | 0.80 | |
HMK LJ | HVDWF | Wide | 0.92 | |
BPV PX YTWX | BQNKW | Narrow | 0.94 | |
Dbycj Sgwrs XNVF Lpwfblvwjv Zftvjw | YRZS | Narrow | 0.89 | |
Fhclljqv Bbqxgks D | DKSJ | Narrow | 0.90 | |
Njmykwvt Ybwxvjw JR Y | FQDBHV | Narrow | 0.89 | |
Yrtfxn QKK W | RSKP | Wide | 0.91 | |
Gjb Lf | VT | Narrow | 0.87 | |
DqXhyd bc Yrqndfz | QM | Narrow | 0.86 |
List Criteria
4- or 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.
Wide or Narrow Moat Stocks
Morningstar’s ratings for economic moat (a term originally coined by Warren Buffett) 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, and 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.
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.