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Morningstar

Wide-Moat & Undervalued Stocks

Start your stock-picking here: High-quality companies at a good price.
Morningstar curated stock-pickers’ starting list features companies that meet three criteria. 1. They are trading at a discount to Morningstar analysts’ estimates of their fair value (in other words, 4- or 5- star stocks). 2. They have “wide” economic moat ratings. Our economic moat rating captures a company’s likelihood to fend off competitors for an extended period. Wide-moat firms’ have the most sustainable advantages (20 years or more, in our estimation). 3. They have a Fair Value Uncertainty rating of Medium or lower. We are more confident in our fair value estimates for companies with these ratings.
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Name
Ticker
Morningstar Rating for Stocks
Market Return
1 Year
Market Return
3 Year
Market Return
5 Year
Economic Moat
Price/Fair Value
Agilent Technologies IncA−6.03%9.61%12.68%Wide0.77
Phplzrsx KMCDC5.34%1.42%8.00%Wide0.83
Rzssdz Ncpgz RmlscrSG0.58%9.86%1.56%Wide0.87
Pvjzk ZQ KDNBLYGP19.72%5.54%−6.29%Wide0.89
Stxmsbby-Tppcj ZxRxr RJ/TC KTVSHC5.29%1.04%−8.62%Wide0.61
Nfnxnwjx ThfGGWH3.25%−4.90%8.31%Wide0.84
Qmsf bz Djfnxrl QlzlFRY−12.63%3.96%1.94%Wide0.79
Mgzd xx Hkl Vnxf Xbtbpm JylJT4.25%5.41%−2.44%Wide0.81
Jynfb HL FJJKLVQ−17.33%−7.58%−11.17%Wide0.61
Sgdrtjdnw Zndtrzmv Ktw Bxthq JCM.GC12.95%20.23%11.68%Wide0.92
Ncmjcpvjw Fxtklyzg Fqq Mxftk GHJ.11.47%19.58%11.33%Wide0.91
Fwkkpmk Snslycqf Qvcfslj ZNJ CLLDCFP−18.26%1.48%−1.37%Wide0.69
HPM Mrmdq Gys Mbxxs HVGW−2.22%2.63%4.88%Wide0.86
Fyptkszc Hchk VKHG1.13%0.62%9.36%Wide0.79
Vvrhjwgc Mbczkx NBKW8.23%43.15%18.01%Wide0.91
Glmmjnsz Trcrbp Pkxgnzvj FWZCHZR−9.70%13.01%11.22%Wide0.85
Fffyw Mfwlqfk RKJYG15.66%4.05%5.40%Wide0.89
Ctjlkpy Pflh Swnll TPLVDYQ−2.02%0.89%6.97%Wide0.67
Bppvyyczxrchd YsjpcjDQNLPM−12.21%17.77%4.19%Wide0.94
Xdngyfrlwngsc Ssc ZYGLM−2.83%22.69%5.73%Wide0.94
Fqkcwxsmmdlvx Ygrhjq Gqv JnkkSBG1.34%11.02%2.49%Wide0.88
Yvlmvsb FcqGGBM−6.61%25.24%—Wide0.81
Sykgskl Qd KbHPJNZ1.30%−6.67%3.89%Wide0.86
Lzxrnrg Gw Ypc RMJFYHQHNPZ0.67%−6.65%—Wide0.86
Ftcqsr'l Jpsyl XVF−21.50%−6.76%3.12%Wide0.77
Ybbpvn ZssXMN9.02%−6.82%5.05%Wide0.85
Dsrhbcs Syvspljh WgyMZJ−4.07%10.20%5.21%Wide0.82
Pcxyscxdf Gbrfz Pdz Zwgdjjzy PghvFHZR———Wide0.90
Xhrvjdsf MLV SWYQYRJ18.54%2.08%8.56%Wide0.86
Jsbyz PfyrhfSQRCS16.44%0.14%−0.12%Wide0.95
XJF YHH MPYN−13.88%−0.55%1.98%Wide0.64
Whzbmmm Kpxsgzmv JQG−4.20%11.51%2.98%Wide0.88
Qptdmk Rphhfmvp LbkWXRM32.49%3.76%4.95%Wide0.81
Fwqmyfqjx Hdfxbdtrkkmgl BPXR5.18%9.84%7.81%Wide0.88
Vtftgbnx Qjygxl TYD GKLRHPTKQ4.20%12.46%−1.51%Wide0.64
Sflmqtvmmvdmhzts Yrmjqwtz QTR12.08%5.41%8.97%Wide0.84
Gdxrrbknvfwmc Pnlpvgn & Rnkshwdzxg SbtyYKY−37.72%−13.31%−5.85%Wide0.56
Hmgmrr NyzNPMS8.49%14.70%16.54%Wide0.86
LBVyccpd Dhfnz & ZnlnxYVN15.72%11.33%7.43%Wide0.92
Fgff Lmfjm & Lznhtylqcm ZvcmbwPRHH−12.39%−2.93%5.17%Wide0.91
Pyjv Nhlvg & Qwvw Mbw Rxcdq JQZHCF−22.72%0.50%−7.63%Wide0.74
Jfbhvcq WT1.25%3.84%4.30%Wide0.80
Wmmrx Phjbc RZX QNJFS1.33%−6.58%−1.10%Wide0.91
Cktqt Lplrc RBT Mzvwq YDDGTSZY−4.84%−6.87%−1.07%Wide0.91
Pmmzgfbmx LLNJ−7.24%−2.70%1.83%Wide0.75
Gbztj JDqHPBYDH0.32%15.48%13.62%Wide0.95
Hfsrpxyqm Tngdrkhrnh LdrFSHP22.23%16.31%10.63%Wide0.89
Rvqnjg MX XTVBXYC9.33%4.79%12.10%Wide0.91
Bqfwnly Qyxdcfys FtwsppPZD−6.78%6.18%8.97%Wide0.90
Xsrcdkrm Zghrf StqnrcyJKZT−26.82%−2.93%−3.70%Wide0.87
PPYCY YxthDLMDPK6.69%1.43%3.66%Wide0.90
PLXYZ Hbrm XQKQWQQ14.67%−1.43%4.92%Wide0.90
Tffkky YytwjVHS−21.61%7.51%5.48%Wide0.81
Qfsyq Qymzrys PM VVJLQR0.45%−1.26%10.86%Wide0.69
Bqltb Mqzqwczqlxsx MksJMQ11.86%4.50%10.13%Wide0.85
Ybqpt Bhfz fq KhvgdcgVY−6.14%13.64%7.30%Wide0.98
Kglmkr CP RSPLVXCK2.24%3.37%8.86%Wide0.84
Drkntsm XjyPLPLK−2.18%−1.73%3.42%Wide0.92
Swspvmn Rhm TWTWC−1.73%−2.42%3.42%Wide0.92
Ymgfls Nhqgrpygzkwwm Mbyvrlzfvldsk Cr Jkk WFF14.92%23.86%23.39%Wide0.74
Gnk Npzdn Bmfxqm Fmfzcgnmb Hqr XzfgVJ−30.79%−2.94%4.04%Wide0.70
Fsf Kqzjlld-Jqmwthmh YthyTH−15.57%11.51%4.20%Wide0.82
Djk Qcfprqv Sxyhc JxmmGH−27.07%−15.74%−4.90%Wide0.66
Jcfjww Tfgtrj Ggfcwntcnn MqmqVGY−3.78%14.47%19.23%Wide0.88
Khdgqjwt Kscznml VqjysPJ4.54%3.36%—Wide0.84
Msvjr Pfdszrchdqhx CvpRLW10.54%3.01%10.90%Wide0.82
K.N. PvmyrszxFBD−30.94%−3.15%−4.53%Wide0.62
Jcrtrtpf LML NSPLZZVZ14.22%−0.05%1.29%Wide0.91
Wqbcyw GshsgrRPZ−26.03%8.09%3.96%Wide0.77
Mqbsx Bshwz & DcdpCVN1.55%11.00%−2.75%Wide0.73
Bzz Ctpzk Gdxccrvk NvtvmRTWY38.25%6.23%8.21%Wide0.71
Qvmkhh Kbpngg Tydbwttw YnyNCX19.07%1.90%4.67%Wide0.78

List Criteria

Wide-Moat Stocks

Morningstar’s ratings for economic moat 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. 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.

4- and 5-Star Stocks

The stock star rating is calculated by comparing a stock’s current market price with Morningstar’s estimate of the stock’s fair value. The bigger the discount, the higher the star rating. Four- and 5-star ratings mean the stock is trading meaningfully below fair value, while a 3-star rating means it’s trading near fair value, and 1- and 2-star stocks are trading meaningfully above fair value.

Medium or Low Fair Value Uncertainty

The Fair Value Uncertainty rating captures a Morningstar stock analyst’s degree of confidence about his or her fair value estimate for a stock. Our analysts score companies’ Fair Value Uncertainty (Low, Medium, High, or Extreme) based on sales predictability, operating leverage, financial leverage, and exposure to contingent events. As the Uncertainty rating goes up, so does the discount to fair value we require in order for a company to earn a 4- or 5-star rating, given the lower confidence in the precision of our fair value estimate.