Fair Value Uncertainty

Aug 25, 2023

What is the Morningstar Uncertainty Rating?

The Morningstar Uncertainty Rating is designed to capture the range of potential outcomes for a company's intrinsic (or fair) value and helps analysts identify when a higher margin of safety is needed before investing, which in turn drives our stock star rating system.

The Uncertainty Rating represents our analysts’ ability to connect the estimated value of a company’s shares to the fair value estimate.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

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What is the Morningstar Uncertainty Rating?

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