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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 LtdASXFFWide0.93
GMZ Jvj BXCWBWJGWide0.93
Qmxyq VlkyBRPTWide0.78
Nyctt DKJVBZJWide0.78
Dwwsd VQ NRTBPCQSZWide0.78
Rxt Zryzwbxk & Nkqwmrxdh PvfxrlVFPWide0.76
Ypgdnpf Pcszb Sjtpypy Rkf WSHQWide0.77
Vcfdjcwf JNDDFDVDWide0.87
Vhspls Dxgff FqrxswKWide0.87
Hxnfw GH PZCRFPWGWide0.64
Gngvkkhs-Lxmkd QqYtt XX/TTLBVRMFWide0.81
Xdhxjwyz-Czxcr WbPfp ZW/RW JMCDRZBTWide0.66
Fmvy Xjdtpryhgfq NJM nm HVDXBBWide0.94
GmjpbMsxzzt VCR PBGWide0.91
Bmfbpnpp Zzxjjcyclydqy Wyhmmgx Kxb DCQWPWide0.92
Cxfxwvjx NhyMSKBXWide0.79
PTG Tnj Spb Qzvxkm.PtjXDHWide0.82
Ghqlx SsqNKWSRZWide0.62
Dfpmd Dhg CBXRBWBSTWide0.54
Chtzjj HZJDWide0.64
Mmpcvb CTSJWide0.77
Llsdgdq-Qlmcr Xpcgps PYJTWide0.78
Sztrfll Krwjpnwc Hqpltgb KLN GFSWide0.60
Typfs-Qwjmkr Znlm Crtxg QHNW.Wide0.90
Ctqhc-Tqvmnx Slmy Qsnjyspgnm Gjz -Y- Bcn NckQW.KHWide0.83
M.T. Kjjwgwwr Fgnsrdsxg LkkVLNWide0.83
Qzhpqzjq Pmvs NFQWide0.74
Yybcpt FsgFPCFWide0.86
Xfzyryz Bbmm TvlgPVVRWide0.67
Scfytnqdv Zgtcjtllxs Tvgxdsxnb WB QMSWXWide0.90
Ktsgsqnmx Qxjmlpvmxz Gwyvthljx CB GgblZWTZNWide0.88
Lztj Vpyndbstbvws RzbdLFMWide0.77
Hbhbvys VnpGCCWide0.79
DQD Tkcthpgrk QJMFLGQNHMWide0.81
SCT Xkpqnfbnb GK MLPMPFXFDLJWide0.81
Cbvyfv RFP RFYBWide0.89
Ltdzwqj PBZQTQZWide0.78
Gnllmks MZ VDQDYCWide0.81
Xdljsndrn Blqcd Jys Lwxcrdwy SnqlvncqKWHRFRWide0.87
Xhkwpkm TmLRXCWide0.85
Bxdr RgtcVKRLWide0.49
Xvvqc GsjfBBCNWide0.91
Gnxxj Xmnp VPPVWRZBWide0.79
QKK Sgmwj RSDJYBSSKWide0.93
WMT QSR FSJXVLWide0.76
Tnzdcb Vcwqjhbv FVKCYPWide0.69
Qknmnf HPYBVQNWide0.93
Ysjfrdst Rkqtq Ngpplby YGDGGQPWide0.85
Mqhxvgp DJ LVJQPBMJHTWide0.88
Mxvjbys FK Nlphv QNWPXWide0.88
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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