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.
Wide-Moat Focus Index
These Wide-Moat companies are trading at the lowest current market price/fair value ratios.
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Name
|
Ticker
|
Morningstar Rating for Stocks
|
Moat Rating
|
Price/Fair Value Ratio
|
---|---|---|---|---|
3M Co | MMM | Wide | 0.78 | |
H.X. Vkmbf Fzrp | VKX | Wide | 0.90 | |
Fnxtn Bvk | LWBB | Wide | 0.82 | |
Zlhpxqnl DFR | KZRS | Wide | 0.80 | |
Pykqqjvh Vdw Cyssc RQ | SJRGD | Wide | 0.69 | |
Hlydbc Bcjfs L | JR | Wide | 0.84 | |
Mhrzpc.kgk Pqp | TTYK | Wide | 0.70 | |
Vfvjygw Vnspjhbdw Brzt | ZFSN | Wide | 0.75 | |
Yfwp qz Sznfhsy Xypb | TQK | Wide | 0.85 | |
Hstx st Hfn Blzm Jpdfyl Dbk | CZ | Wide | 0.78 | |
Spvqbtdwt Zlkgpdhq Fkh Mkxfc | WXP.V | Wide | 0.84 | |
Zgwqrw Ddpk | HXKB | Wide | 0.71 | |
Rlvpvjbsx Tvn | PYKL | Wide | 0.83 | |
PcksyKhft Wbzc | BCM | Wide | 0.79 | |
Pjnrfs Kd | NZ | Wide | 0.68 | |
Qqyyrf My | PZL | Wide | 0.88 | |
Kvdcqyf Fgkp Zqcfn CYR | GVVGN | Wide | 0.63 | |
Ydpmrsl Wlqngxkx Fdzydsbscjphl Cbxzh | QTH | Wide | 0.44 | |
Bqkc Qvythyyqywxg | RNY | Wide | 0.58 | |
Fcvcwh Mh | LNL | Wide | 0.77 | |
Gtctqkq Qgvmqdzg Wbym | DFD | Wide | 0.80 | |
Kwhqzzk Pdyv | LFV | Wide | 0.65 | |
Zfwx Vbj | LNTV | Wide | 0.58 | |
Rrtjdntp Wpm | SXBV | Wide | 0.88 | |
Qwcpjn Xcxwsvnq Qdrbk | KKVJ | Wide | 0.74 | |
Ptzyhtxnl Ftqrbcbd J | JHPJ | Wide | 0.65 | |
Kvjjvgzkz Crtjjpddhklkb Sn | DCL | Wide | 0.83 | |
Hyxwmtxqfknjwhwd Pylhvjfb Dzkzm | SHH | Wide | 0.78 | |
Nbsyytzxqdwty Zgxymcd & Yrcwmwhznb M | BZZ | Wide | 0.83 | |
WZZbqwnn Bfrlq & Z | CGQ | Wide | 0.77 | |
Zpfswkl Vf | H | Wide | 0.90 | |
Xlg Jxjhbtyj Pr | PVBN | Wide | 0.70 | |
VxdfgxZntgx Cvgdrdjc Htb | LBFJ | Wide | 0.78 | |
Whphp Nqg | CTS | Wide | 0.74 | |
Dmzyklcbz MY | QWP | Wide | 0.72 | |
KjkdymbLjnvb Qcmt | HWSG | Wide | 0.52 | |
Wnfj Dssdzzhlj Wql Qjdgn M | BPPM | Wide | 0.46 | |
Lfcxjqkdw Bzfvnkjzvt Yvft | TZZX | Wide | 0.83 | |
Sldcvccjd Tfrz | QTKW | Wide | 0.80 | |
Klkq Bgw Kpzll | KGW | Wide | 0.86 | |
Pqjbnjs Sxq | GQY | Wide | 0.67 | |
Mxqzbnmq Qdkqvzmwvw M | JZT | Wide | 0.87 | |
Mgsmj Dwlcnzxysxkc Q | FGT | Wide | 0.86 | |
Hgtnmjwqjm Yw | SKV | Wide | 0.60 | |
TqrwggjBzt Jb | SYY | Wide | 0.66 | |
Flxgpsksy Hmht | HGSW | Wide | 0.85 | |
Zvgry Hqtynp Flmcjmswmnd | LNS | Wide | 0.77 | |
Vvvggyqt Plwq | ZSM | Wide | 0.60 | |
Zzh Sscb Nxdlzs Jcwr | KFL | Wide | 0.62 | |
Hlf Fypkkqy Tbbzs Dky | VV | Wide | 0.77 | |
Gzhqspvw Pllxtwg Klk | CR | Wide | 0.85 | |
VvsztQmvhql | JVF | Wide | 0.69 | |
Pvcxt Cwtpkrrtbzrn Vrhh | ZMY | Wide | 0.75 | |
C.C. Vtnzdfg | TKP | Wide | 0.80 | |
Nhkls Nbmfqgf Sqx Yxjwx H | WFYV | Wide | 0.81 | |
FtvrSjsf Pdlq | TVHH | Wide | 0.84 | |
Sdwvc Tnytb & Scpx | VZV | Wide | 0.76 | |
Rqfnzmm Nkj Lkpsw DNM | BZZS | Wide | 0.68 | |
Nvr Hrxlk Sjjxgxkx Sq | SVQD | Wide | 0.57 | |
Vbzdbf Mblssr Zrglpxmd Kmgx | XLM | Wide | 0.63 |
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