Morningstar Magazine - February/March 2018 - 75

Monthly Price/Fair Value by Region 12/31/2017
U.S.

Greater Europe

P/FV

Greater Asia

+25.0%
8.2
7.9
5.7

0.0
A percentage of 0.0 connotes fairly valued

-25.0

U.S. 12/31/2017

2014

2016

Greater Europe 12/31/2017
P/FV (%)

Date

52-Week High

8.5

12/22/2017

52-Week Low

1.7

All-Time High*
All-Time Low*

Date

52-Week High

8.4

05/05/2017

08/18/2017

52-Week Low

1.7

16.6

01/16/2004

All-Time High*

-36.3

11/21/2008

P/FV (%)

Date

52-Week High

8.9

10/20/2017

08/11/2017

52-Week Low

2.6

08/01/2016

33.2

07/01/2005

All-Time High*

81.9

05/05/2006

All-Time Low*

-35.1

10/10/2008

All-Time Low*

-40.2

10/24/2008

*All-time highs and lows since June 2002 to present.

*All-time highs and lows since June 2002 to present.

6.0

9.8

16.9

10.8

5.2

7.7

12.7

8.4

5.5

8.6

11.3

Averages

Value

Blend

Growth

-5.6

3.4

15.5

4.6

8.8

8.6

13.9

10.4

5.3

8.9

12.8

8.9

-2.7

4.5

15.1

Averages

Value

Blend

Growth

Moat Valuation

Large

8.0

0.8

14.1

11.5

8.2

Mid

9.8

6.2

7.0

10.6

7.8

Small

8.4

Large

5.4

Style Valuation

Mid

Style Valuation

Small

Style Valuation

5.3

5.6

7.8

6.0

2.3

11.9

11.0

Averages

Value

Blend

Growth

Moat Valuation

Uncertainty Rating

2017

Greater Asia 12/31/2017

P/FV (%)

*All-time highs and lows since June 2002 to present.

Economic Moat

2015

Moat Valuation

Uncertainty Rating
Economic Moat

Large

2013

Mid

2012

Small

2011

Low Medium

Uncertainty Rating

Low Medium

High Very High

High Very High

Economic Moat

None

4.6

6.7

17.1

18.0

None

7.8

-4.0

3.7

28.9

None

3.5

1.9

8.2

17.3

Narrow

7.3

8.1

9.2

31.7

Narrow

9.4

2.2

8.6

14.6

Narrow

3.2

6.7

8.8

8.5

Wide

9.3

5.8

2.9

-35.2

Wide

8.9

14.0

-10.9

-

11.3

20.0

1.6

-

Wide

Low Medium

High Very High

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75


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Table of Contents for the Digital Edition of Morningstar Magazine - February/March 2018

Contents
Morningstar Magazine - February/March 2018 - Cover1
Morningstar Magazine - February/March 2018 - Cover2
Morningstar Magazine - February/March 2018 - 1
Morningstar Magazine - February/March 2018 - 2
Morningstar Magazine - February/March 2018 - Contents
Morningstar Magazine - February/March 2018 - 4
Morningstar Magazine - February/March 2018 - 5
Morningstar Magazine - February/March 2018 - 6
Morningstar Magazine - February/March 2018 - 7
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Morningstar Magazine - February/March 2018 - Cover3
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