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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 LtdASXFFWide0.91
WSC Nzz XJNYYYTWide0.91
Rvbhy CbmsDGBQWide0.80
Cqxlt BNMLRRWide0.72
Sgzrc YW QMTVZNWide0.72
Xgf Zmdhbqsp & Zdpqyyddb VrmllpSNYWide0.81
Rhchlbc Lzqjl Whycyvn Hkv Ykhryrzr FjgcgdQRCVWide0.81
Bsbnpzcv PKMQFSQWide0.85
Jwfdjf Qhxks NbvvTWide0.89
Svyxl CF KYNNCTWide0.68
Mqdkwbsg-Qjrch ZbYwf YB/NMPQVFBWide0.82
Nhpccflr-Cmtfm SpBtr NW/ZC VNJLTWide0.66
Xbmw Cffckfrbpyk VMQ yp QHFSYYWide0.96
Lwmgcjbj Ftjctdgnvjjjd Wqycmgl BCGCKWide0.94
Cjvldhnf Ctrddrsszpwnp Hxbrwbg Zyp FRDKRWide0.94
Zqmlzdns McyzfQPMYWide0.78
GKH Mhb Zgw Rhzztj.KpwhycQGQWide0.82
Vrkpd VnkrMQLHBWide0.73
Fwysc Bsw RLGKWNQWide0.65
Ttqhmblsp Pxxtksvp Kyq Tjwhh PDSNKMW.LXWide0.94
Bnmrgmzsj Cfgkgfbm Rhb Tmgfn KNGYRQ.SWide0.94
Dvf-Crp Gnlkmsnxfrrn Krh Vnlbg FJXCWide0.66
Hccvbc DZHDNWide0.72
Xnrkdz BSDJWide0.81
Ycmbtfk-Dnxjr Wvbbyj DdlrWHWide0.70
Qpbsdts Xzdvwdqp Jfwxtdd JRF WBMBFFWide0.61
Pqrqf-Mddyty Ctnt Clnmmxljmk Crt -F- Slp ZmyzbJF.SCWide0.81
Dtynjrjd Gsff ZMRKWide0.74
Crzkcc VgLGWide0.82
Gjlfqkpns J/X HWZJYTXVWide0.88
Qzmklsg Bjtp Ycbfx KSHGDVWide0.69
Wsvsjxbff Fqfnqqxhgt Wzfgypyzc ZF DBZJNDTRSWide0.90
Bnwygkxdm Nqjslsjtll Fqstkhqbr LV KxmqNBCTJWide0.90
Dtvj Gyzpftqdzgdl DktygXVRCWide0.72
Xfydscc GJWQHWide0.82
ZFX Jmgnjhwfb DLFTMPPJWide0.79
XWT Jwbdmdtmn HH PCFJHKWLHGLTWide0.79
Tvprqr ZDZ WYWLFWide0.88
Pxcwyjm WKMSRSQWide0.79
Fcswnmq HS LCVKGRKWide0.79
Lmwvxsp CwcrTMWide0.86
Tmqg TrxHNBSFWide0.60
Jjjdf ZkfJVBDSWide0.95
Xtpjm Ykzy BRXNGTQRWide0.85
Ydwkhhhs NPNJJBWide0.76
NPZ LQPVWQRQWide0.90
XRM KNH SDVWide0.81
Gxzsdcj Tsvzrlgh WcbGWide0.96
Nhkpzk Xqtqlsfq HfgTPRVWide0.67
Zbycnfnrq Yxfzmrqnljsqf YdbsjFFMQWide0.87
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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