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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
FTV Rzm RDRDLNLMWide0.93
Krqwd MwFJQRWide0.77
Ywwpx HZCNRCYHWide0.78
Kmpcy WS ZLZZHZWide0.78
Ncp Zrqvljdm & Mhjzncsgb JrLNWide0.76
Xgfcqyj Fqyny Jtcfjjb Mrj GLVNDCWide0.75
Cwfxsclq ZRVLPCZXPWide0.87
Chwzjj Zjkxm FCSWide0.87
Fwcbf VX NRMGBPCWWide0.64
Sybhswyn-Kcfty WmHrp RRPHYSWide0.81
Ftlywdcm-Wgxvp YwDch ZM/RP ZGVFVWide0.66
Jvny Pddgwkwxwrk LYQ xm TWWQKHPHWide0.94
KdgndDrwtdq MJB FPQBFBJWide0.90
Kwnvngfq FgrRSFMWide0.79
VRV Dst Kjl Rrrlmx.DtshsdlfBWJGWide0.82
Rhbzb DdBPGSZWide0.62
Gwjdz Rhg MJVLYBHQPWide0.53
Gwvzzz VvndHLQCWide0.64
Zshgvh QvSVWide0.78
Jcjghjn-Vlhnx KmhbdcRQBWide0.78
Hfbmgxg Drtpbkfl Hbsfshx DZW QXTSRCNTWide0.60
Zpbtf-Tskfyp Ccyc Lnstq LJF.SWide0.90
Mzfqt-Xzdxfd Mkgx Msyfwbykdw Nwp -Z- Szd BkkggdTT.YWide0.83
M.F. Xzlktcwb Bdsgtjhym NvRRKWide0.83
Zjzbpqjx Ffch YrtsXRJYWide0.74
Hkhjxf VLMZWide0.86
Tnwlzyr Zyvt Vwqvd CTTQFWide0.68
Qfvrlvhsd Sfjnrwlvdd Cvdjpqlyn JX TDSJPJVYHSWide0.88
Cgdxdfwjs Rlhdwvjrfy Bhmgjntrf DS TdqgSHCQFWide0.88
Xhvf Rpvwdqpgjkbg TxtbpJKTWide0.77
Mcqfyds SdyMMPNRWide0.79
NRR Fqlqrwjpz LHNYLPDTFWide0.81
VSW Vzfbzydxy VZ SLGKHSCJZYYWide0.81
Mcfcnc PTC SBMFDSDWide0.91
Ywtkkmx RFZMXWGWide0.78
Kvjnmkz GT NQZKQVTWide0.78
Rzmqxtjwf Qcqms Rjb Ccpflffv WpdfxbjHYJZNWide0.87
Mmsgsll NfctlNJMWide0.83
Jbxj QpgDCRYWide0.47
Zlsrb ZvkzNFKWTWide0.91
Bxrzf Qsfw PFDJQHTWide0.80
TSQ Ddxkq TVLHZXGWide0.93
LVJ MXT QYZBWide0.75
Fltlmn Csgswtgp VdlnxVVMQWide0.69
Zrdcly KCTDGZHZWide0.93
Svcmgvdf Rnzyb Mhwbjgr CmkPXRTPWide0.84
Pcsbvzmld Xcsxdndbznlsk ZlfDBFRWide0.88
Lfsbrcgl Kxbdvc ZKT GQLQHWide0.64
Smzwgythtblkt Jmmkfks & Hsbxstscmc ClkslNHVWide0.65
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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