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Our Picks

30 Undervalued Stocks

Our equity analysts share their favorite picks at the end of the third quarter.

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The Morningstar Global Markets Index has returned more than 17% year to date and 18% over the past year. The ongoing bull market in stocks has driven up valuations: The market-cap-weighted price/fair value estimate ratio for our equity analysts' coverage universe was 1.04 near the end of the third quarter (up from 1.02 one quarter earlier), indicating that the median stock under our coverage is slightly overvalued. 

Elizabeth Collins, Morningstar's director of equity research for North America, notes in her quarter-end wrap-up that there are a dearth of undervalued 5- and 4-star opportunities today.

Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.