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12 High-Quality Foreign Stocks on Sale

These wide- and narrow-moat international stocks are trading well below our fair value estimates.

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Moats aren’t an exclusive feature of U.S.-based companies. Rather, firms around the globe have carved out sustainable advantages that should allow them to fend off competitors for years to come. And given how far the U.S. market has risen already this year, some investors may be looking abroad to find high-quality opportunities. Moreover, many of the forecasts included in our annual roundup expect higher returns for non-U.S. stocks versus U.S. equities over the next decade.

Today we’re turning to one of Morningstar’s indexes to find high-quality investing ideas around the globe. The Morningstar Global ex-US Moat Focus is a subset of the Morningstar Global Markets ex-US Index, which is a broad index representing 97% of developed (ex-US) and emerging-markets market capitalization. We rank the wide- and narrow-moat stocks in the broad index by lowest price/fair value to find the 50 cheapest wide- and narrow-moat stocks. These 50 stocks represent the most compelling values among the global moat universe, according to Morningstar analysts.

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