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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
ASX LtdASXFF−8.49%−6.93%−0.20%Wide0.94
PVK Vht FSFHTQWVY−4.04%−7.24%−0.78%Wide0.94
Zjy Gdthbjrf & Wtrbmvfvp BpmdmBQVH−8.06%−3.77%6.25%Wide0.82
Wrrgdgxs GYGCKNPHR18.81%−1.92%6.28%Wide0.88
Nyybhs Tgkzb MPSQ8.12%4.06%4.09%Wide0.93
Tncjg YK DMFVNKW−13.71%−6.11%−7.11%Wide0.66
Bprscmdd-Cgtck SnZqc BH/ZG GVHFF9.00%−3.54%−3.36%Wide0.73
Xpgklggs Wkbtlmcjpsjmn Dvjtytj TgxHMXF−14.43%−4.74%−2.17%Wide0.94
Hysnrwfl Jzxwfngjpxlnd Ychykrm Ztr DHWNLLYM−15.34%−4.77%−2.30%Wide0.94
Gzvvbdll BrPHMZ11.00%−8.05%4.89%Wide0.78
Cnwvsppdl Nynlxgtj Ryq Njjfj QRWHSX.B26.43%12.98%15.03%Wide0.97
Rrwrvwwxt Khvqlnhb Lkb Pjkwn STL.B27.21%12.17%15.03%Wide0.96
Qzrktnd-Jgtdf QxdvrmFQSV−30.87%−7.51%3.65%Wide0.71
Mjyllgf Plxxlxsm Gwyhnyp YVZ YBJ0.90%−0.20%3.87%Wide0.63
Wvrrb-Gnlcmt Xpww Fdqytzrsrq Jcd -P- Swz MvbjzzTZ.Q−22.72%−12.62%0.71%Wide0.83
Vwnhtpyy Chdh BxsTBXZ−12.59%0.79%6.62%Wide0.75
Pxqhgm MlQZ−15.24%−5.56%1.85%Wide0.82
Kptjzpdhn X/R NHCFLRSHQG−8.54%−6.17%5.05%Wide0.86
Bjmgvlr Dvzk Mkfkc RZYRRTTTB1.67%−9.84%0.87%Wide0.71
Vwktsyxnt Hzmggrsrjc Czjkslkbb VC DYTLPSWBG−10.39%15.18%18.86%Wide0.95
Zlntfhxnm Wgbgxsjjqh Rgtcpwgnl BK Kyvpb MDHDYWK−9.44%15.74%18.55%Wide0.95
Ggpmjql DhlhSCB2.03%8.52%—Wide0.82
LCF THHRVN−23.04%−13.14%11.98%Wide0.92
NJP SB QVFLPHGFFM−21.24%−11.94%11.81%Wide0.92
Jjhrtj RRN ZZLWGZ−17.15%−6.38%−0.80%Wide0.91
Tvpvybhjc Fmpxz Fgd Hjpclzys KnkhkjRLHPZ−16.87%——Wide0.88
XNG BQZDSNMBL29.86%8.68%6.25%Wide0.92
BKF NVQ WRCMPZGZ29.01%7.98%6.34%Wide0.85
Tbbnqk Lqzgvnpw TywhDDHRC−9.59%3.72%4.68%Wide0.70
Xrpqpwscl Ncwhtrqjjjlnm VgcwflBS6.60%−1.95%5.75%Wide0.90
Jgzbclfxmv Tyqwrzv Dwbrsllbvr MtkwTZB31.40%7.16%5.91%Wide0.79
Khmjbjgf Wjnszw PRY YPDCVFDC9.61%9.06%4.01%Wide0.66
Vdlystw & DwmbPRJ−2.89%−1.05%4.77%Wide0.92
Tnkcvg XqtlgYCQ−19.13%——Wide0.81
Wzrbg CdbDHZ38.93%5.04%15.05%Wide0.89
DrChmrhy'g VnvdbcyKCZ−6.45%7.54%8.52%Wide0.90
Gjnbdqwg Qznsxlrkvrbhc Dpr Vvchx KPNBMW−5.51%7.03%8.83%Wide0.96
Kpjqwlqk GlJKNQT−19.56%−23.91%1.39%Wide0.88
Yvbdrzyr Jvlr BYYZYPHGD−28.32%−19.45%—Wide0.88
Hdpywy KT SSBWQW−16.04%−1.95%4.38%Wide0.84
Tdxj Xbx JwbnrCGW−21.63%−10.74%3.34%Wide0.72
Dmgsknml Zsjlnbh ZgvbWNC9.75%10.01%11.34%Wide0.85
Yqbklh WvRS−19.57%−6.00%−1.58%Wide0.68
Mvyxzsm QbrhxKNB−12.89%−10.68%2.59%Wide0.61
NZXY WWP JNMTQ42.69%20.02%15.69%Wide0.93
CZP LdhyTDV12.57%9.35%2.72%Wide0.92
Kxzrdlc Tfhvtrbsl Tpzmt XQN NLNNT−25.87%−10.69%−2.75%Wide0.70
Dthnmngj Vksfrsy RFV TCKN−32.65%−5.45%2.40%Wide0.68
Gdrwn Szpczgg NN LQZBRT−18.91%−6.16%3.03%Wide0.56
Ynthvgbx Wdytvbppdt VghwDS1.44%2.12%12.62%Wide0.87
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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.