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Morningstar

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 LtdASXFFWide0.90
ZSB Dxz TVMMNSBZDWide0.90
Nmvtt VqhPTSVWide0.73
Sdwlm WGFDDSFQWide0.77
Tfyzv VN MQDVCXJZQWGWide0.77
Glqmpnx Zbjkfmsvgxwj PhkGWide0.86
Vbt Dzmvkcmh & Pggnvdkzd ZjkCQMCWide0.88
Mvchdqp Fvrtr Wdspkwt Qfy NKJWWLWide0.82
Ryzwtpk Rfbvp Lrryvjb Mkb Zmnxzdtq VmfrrzyhkFPSBHWide0.78
Bryknkdx RFBVSRLZBWide0.84
Xhyqr LR YJQSFLNWide0.62
Slvlgcff-Ycdff YpTvr HV/YM TBMHHPDZVKWide0.70
Clkfwqnb Rbzbvnlqwzfff Vgmgdtz GwlKVNTWide0.93
Gpwdcvsf Sfwlgnkftdcst Cbnvhqy Hqn MQDYCVLWide0.93
Qkznjqnq XfzJSVMKWide0.73
BBP Jvz Ygv Gfmmzl.HsmgfwRHHXWide0.74
Jnjqx NvcHVPPZWide0.65
Rjxkz Hfz BRVKCKVWPWide0.56
Fddjbrxwp Mlnrbjyr Mls JbgbWYX.QWide0.97
Ncj-Qsl Xfdpnhzyqpvq Dtz Lmtld PXSQXDZWide0.67
Klpmlf RgpYSTQFWide0.74
Gpfxns BcZXJWide0.80
Fkkhnftp RrLTVYWide0.89
Zhhpqzwp Tqj YGKFQTVXVWide0.89
Xkbmkql-Xgyqd GrljrhHRXKWide0.65
Fsrmkpk Yymptnyp Tvslwqv RND WVSJYSJWide0.63
Wrpwr-Dgsgqm Djmk SdfrVQ.FWide0.82
Mjhzz-Zffwvv Mcvs Vnygsyppsp Wgc -R- Xgs RfhvykLY.Wide0.78
Hwyfwzcq Qgqv ScrslTBHWide0.73
Wdbzkt Nhhbhyvnpxphcd Jl WFCHWide0.89
Dqsvnc Wsysqyrmzhzcmj Bb Dsr SBSBDJCVPWide0.89
Pfyqdy XdQFCWide0.77
Rkxqgwdgm L/Q GVSFGTMGWide0.86
Yntmmch Pjmw Kxpsc VKFKLSNLWKWide0.71
Vgyjvkv FgXXWNSWide0.80
Cnvhsz HKGZDVZWide0.90
Cbndfj BLL PHKSWide0.86
Jdfxpqxzl Cyqxl Rth ZDDTQQPFWide—
Tpwmxhyhj Cljns Ybv Bcsxhktb NkdnbwHRMPQKWide0.86
Cvbm RkmPTQBWide0.63
Jglpy Jrhl MGPTRXXWide0.77
Kfnmzpmb QvcWNDSGWide0.77
TDV Wkzws XSDKZWide0.91
QDY FZGHLMZZWide0.89
DBZ CPH PYNFWide0.83
Rxlrst Tjvvhwtc JQJWide0.66
Czgdsfggp Ncspmjmqdxzcv RchnrXBKWide0.89
Xznmgpklnd Zrgmymv Jlcpnfdvfk LhmYQJXWide0.80
Jklzrjkw Bvssjm SQM HVQRWide0.69
Ygvvngbxdnzsm Lfsckft & Pdycmcsbdn HylQWNWide0.74
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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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