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Reading a Stock Analyst Report

Morningstar Rating for Stocks

The Morningstar Rating for stocks can help investors uncover stocks that are truly undervalued, cutting through the market noise.

The Rating is determined by three factors:

  • A stock’s current price.
  • Morningstar’s estimate of the stock’s fair value.
  • And the uncertainty rating of the fair value.
Morningstar Rating for Stocks

Morningstar’s quantitative equity rating, noted with a superscript , is forward-looking and generated by a statistical model.

Morningstar’s quantitative equity rating

Morningstar Economic Moat Rating

The Morningstar Economic Moat Rating represents a company’s sustainable competitive advantage. Morningstar has identified five sources of economic moats: intangible assets, switching costs, network effect, cost advantage, and efficient scale.

Morningstar Economic Moat Rating

Morningstar Fair Value Estimate

The Morningstar Fair Value Estimate guides investors to the long-term, intrinsic value of a stock, helping them see beyond the present market price.

Morningstar Fair Value Estimate