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22 Meaningful Fair Value Hikes

Susan Dziubinski

More than 20 stocks enjoyed fair value increases greater than 10% last month. But don't scroll down to see the list without reading first.

Why? For starters, a fair value increase isn't a buy signal; rather, it's an indication that we think the company's intrinsic value is greater than we did before. In fact, as you'll see in the table (no peeking yet!), most of the stocks on the list are trading in 3- and 2-star range, suggesting that they're fairly or overvalued by our metrics. As a refresher, the star ratings represent the difference between a stock's price and our fair value estimate, adjusted for uncertainty. If a fair value increase is significant enough, it can actually push down a stock's star rating.

Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.