Morningstar Magazine - August/September 2018 - 75

Monthly Price/Fair Value by Region 06/30/2018
U.S.

Greater Europe

P/FV

Greater Asia

+25.0%

8.8
1.9 0.0
-4.1
A percentage of 0.0 connotes fairly valued

-25.0
2014

2017

Greater Europe 06/30/2018
P/FV (%)

Date

52-Week High

14.4

01/26/2018

52-Week Low

-0.5

All-Time High*
All-Time Low*

Date

52-Week High

9.7

01/19/2018

04/06/2018

52-Week Low

0.0

16.6

01/16/2004

All-Time High*

-36.5

11/21/2008

P/FV (%)

Date

52-Week High

13.9

01/26/2018

03/23/2018

52-Week Low

-4.1

06/29/2018

34.2

07/01/2005

All-Time High*

106.3

05/05/2006

All-Time Low*

-35.2

10/10/2008

All-Time Low*

-40.8

10/24/2008

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

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

1.5

-0.3

4.2

14.9

6.0

0.4

2.9

7.6

3.5

-5.8

1.0

10.9

Averages

Value

Blend

Growth

-11.6

-3.8

15.6

0.1

-3.9

1.4

13.6

4.2

-5.6

0.8

4.1

-0.2

-9.6

-2.3

14.1

Averages

Value

Blend

Growth

Moat Valuation

Large

10.4

-11.5

-2.5

3.0

-4.0

Mid

0.2

Large

-7.8

Style Valuation

Mid

Style Valuation

Small

Style Valuation

-7.6

-2.9

2.8

-2.8

-8.6

-7.9

-5.8

-7.6

-10.4

-3.1

2.2

Averages

Value

Blend

Growth

Moat Valuation

Uncertainty Rating
Low Medium

Moat Valuation

Uncertainty Rating
High Very High

Economic Moat

None

2.6

1.5

9.3

-5.0

None

Narrow

2.0

-2.4

0.6

5.5

Narrow

Wide

2.9

1.1

-5.7

-

Wide

2018

Greater Asia 06/30/2018

P/FV (%)

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

Economic Moat

2016

Large

U.S. 06/30/2018

2015

Mid

2013

Small

2012

Small

2011

Low Medium

Uncertainty Rating
High Very High

-8.8

14.0

7.2

-0.2

8.8

14.4

11.5

-16.9

23.1

8.8

37.3

-

Economic Moat

Low Medium

High Very High

None

1.6

-0.4

-6.9

-7.8

Narrow

1.7

-3.0

-0.9

9.2

-3.6

15.2

8.6

-

Wide

global.morningstar.com/Morningstarmagazine

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Table of Contents for the Digital Edition of Morningstar Magazine - August/September 2018

Contents
Morningstar Magazine - August/September 2018 - Cover1
Morningstar Magazine - August/September 2018 - Cover2
Morningstar Magazine - August/September 2018 - 1
Morningstar Magazine - August/September 2018 - 2
Morningstar Magazine - August/September 2018 - Contents
Morningstar Magazine - August/September 2018 - 4
Morningstar Magazine - August/September 2018 - 5
Morningstar Magazine - August/September 2018 - 6
Morningstar Magazine - August/September 2018 - 7
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Morningstar Magazine - August/September 2018 - 19
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Morningstar Magazine - August/September 2018 - Cover3
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