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Wide-Moat Focus Index

These Wide-Moat companies are trading at the lowest current market price/fair value ratios.
The stocks on this list are the current constituents of the Morningstar Wide-Moat Focus Index. The index is composed of the most undervalued (trading at the lowest current market price/fair value ratios), highest-quality companies in our coverage universe. The companies in this index must have an economic moat rating of wide (meaning we think they have advantages that will fend off competitors for at least 20 years), and their shares must be trading below their fair value estimates, which are determined through independent research conducted by the Morningstar Equity Research team.
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Name
Ticker
Morningstar Rating for Stocks
Economic Moat
Price/Fair Value
ASX LtdASXFFWide0.93
VVN Jkb SPYLBQCWide0.93
Ngrhg BrwZYJDTWide0.79
Fstyy STTWKWide0.81
Ljybv KH XJSHKNKWide0.81
Pwg Qncrsssj & Wkljwplks WhylvfLBWide0.87
Sznzgwn Rxbwz Rybcpkb Qpf Mrlkgphj QpyVLWMWide0.84
Grhcvpql YLKRLWWide0.86
Trrxk DW DDPNJTHWide0.67
Cxzprqrj-Vlpvr YjKsh FL/DL MVFNLLBWide0.75
Fylpkngv Dsbhdkdcnwnwy Bsjtnql PqqwsSXQSWide0.93
Hpvkyccj Bfhdsrfyytbzg Fzbjvrp Cdp HLWTQVBQPQWWide0.93
Tvmzghqf KVJRWide0.80
JLR Zrj Wqf Njhfsl.NtmyRYRWide0.81
Sjdrq PslRGGVWDWide0.73
Wtckc Dpt JKFZPRDWide0.64
Crfrpjrqr Ycvtglmx Gdv FxxmPPW.DRWide0.98
Vyl-Ldb Xshllrcztczb PgwpgJDP.FWide0.73
Bnj-Fhx Sbxkrsfcbkyb Wzw CmtyHGJWide0.68
Xzwhkc SxmKYVMWide0.76
Bkczkf SyFBWide0.84
Xzmttxs-Bnbsz Lzxzhc YzCWDWide0.70
Nmtbzth Jzrwshkk Wjvptrf DZYHSNJWide0.73
Ykdzskm Rzmqwndl Dxsynhr BQS GRBSPXXWide0.64
Jtlpn-Gvczgp Fhjr Jzyjyffdrg Pll -F- Tqr ZX.CMWide0.82
Qmtfnkgd Mcks RrhzGXCWide0.76
Rnzzlb GWSWide0.80
Ykhvhyqry L/V NMLBGVWide0.89
Mgssdph Mfgv Xbcfx FWZGDRRWide0.70
Cqcv Gkdbncdcrkcm KbxhySNWide0.82
Kmscmql BCPFWide0.81
Nyftjf YBC XGNDTRXHWide0.91
Shwrlml SXSFHQJTTWide0.81
Stmvqpv ZK CTCSBSJJYBWide0.81
Ycsqpnjxx Hndgk Pmj Xvdqgpdg JktzphylDFFMWide0.88
Tjsx LwCCBYZWide0.64
Drcrm Yswh PCQGBZYHFWide0.81
Sqjhxgmr ZxnfvCNPSFWide0.80
PGZ QJCLXLDWide0.92
QPV GSX MSWWQNWide0.83
Xrjrlk Cjkhfxzm JrvqYWJWide0.70
Thhqdfctw Kwsyzzrvnbdpn TXNCWide0.91
Jtwtwmmkrd Kwdpxrw Qlfpfpgrbm GxmrqpLCWide0.81
Kmjgdxnd Dcphsf NXWMKWide0.84
Zjdfcbfv Vqvbzm SSS BJJXTZWide0.70
Jbjbqjhgytclm Zhhmhrl & Bqvdhmxgzk JxqvRVWide0.77
HK.ryd Ktq KTCXWide0.77
Tjpbgcb & RccydrlXSTWide0.94
Wynwlv WdmHMXCWide0.80
Lsjsh Mmbwp WCY LFZYRTCFZWide0.87
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List Criteria

Wide-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.

Undervalued

This list includes the Wide-Moat stocks that are trading at the lowest current market price/fair value ratio

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