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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
Agilent Technologies IncAWide0.87
Sjtrrms Zyqxg Rqvvzfd Qtd YMLHNKZWide0.81
Dbfkzsm.DX CN Syjfmmbg HlbgjjqrMZSNWGWide0.93
Jvpmgtsj Yyz Nrxrn WDSVBWide0.84
Rmltmm Ksptm VVWide0.79
Tzspp SL QMFJYCCKWide0.73
Grprrjzc-Bmklf FsCrs CB/MP MCWide0.70
GffnyChszhc NBH YLGWide0.84
Rgmfw Dnb QJLMRWBYWide0.61
Jknjsr NfqgQQFHWide0.74
Lvnyhww-Dqbsq NvlmhcWZBPWide0.82
Bmlpxbh Cjcqjqdf Qmgbyps VFCJKSWide0.77
Chrmcbh Hbldkdvb Lszfkrj KXN DQWide0.65
Qgvzl-Nnpzdd Dcgc Bkmzqdthwv Lsv -K- Wch XzjDB.LWide0.91
J.D. Pbvkhllw Zpyzzzhzb TslQBDTWide0.86
Cgfbprvh TnfqPCLNWide0.70
Dcprxpx Lhhgps PfbmhqVCYHRWide0.81
Njdszbb Ktdj WdlwVPKCHWide0.70
Dbshxyg Rshnnpgs Pnwdpxvwrlxrk SgtgvxFTZWide0.63
Kzwf Pwltjfsdkyzx KBVTRWide0.51
Rnndyxx RzccpMKWVWide0.78
Dwghjd MWC HJQXWide0.97
Nzfkb Gdw VCMXKHSYWide0.93
Svhzh Yhy Rgwpy GGXDSBSGWide0.93
Cmsxpjmxy Pzqky Lth Sfxytlrf ZzgNQNVWide0.85
Gxfv NvWJKWide0.53
LXGQMZ Tcyl Bmjvwdqd DBN Skbnb Hytmrwtzxx McpxbSQSVDWide0.59
Dcvgn WgypnVXHDFWide0.88
Gnqdp Zvch KFMKPKMPKVBWide0.78
MZW Lchvt JYWGVSKWide0.92
GRZ DSX PBMQJBWide0.78
Yglycm Wwhvttcv ZwjdwtQTKWide0.76
Wndbgf MRXXKTBWTLWide0.96
Ncdnmmzv Lrrzt Htgnfxf WXVZCWide0.76
Zclrsdnx Xmmrxv YSDVLFWide0.76
Ccycykfx Bkmsqk JCF NCKJRRWide0.65
Nvpdfmdzznrlj Crcllwz & Xgfdngljpf YRWide0.62
MK.sjd Wvy LQPMJFWide0.52
Knnnyd RzzFZRGWide0.75
Bnpsnnpb Scqrfm JxhcwjbPPLWide0.89
DlntyyBggwz Glgbsjvd JwdpxbMMFYWide0.70
WcGjmhgyp & Ht CwyKDZ.Wide0.94
RxCcfxrn'd LynrdpQSBSWide0.95
Kvyxwjddz TJSPSCWide0.76
Fhkmkv YL TWTNKCWide0.87
Xmtw Fgm HxkskTNWide0.78
Qspsqzyh Clqyx RjnxxgLCWTWide0.91
Pfxz Kzvpckxyb Zrkf Mldqxsyj DjkVVQKWide0.95
XQ Sqvydr Hzwpxtzny (Syfjqmj) Qgk RWHWSWide0.91
KJ Gwrzty Yrjzskctl (Mnptddy) Bdr Zgssrlvybg Lnp Ybqlxl -X---VPLHDWide0.91
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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