Morningstar - Q4 2020 - 91

Monthly Price/Fair Value by Region 09/30/2020
U.S.

Greater Europe

Greater Asia

P/FV
+25.0%

A percentage of 0.0 connotes fairly valued

11.4
-0.1
-0.8 0.0

-25.0

U.S. 09/30/2020

2015

Date

52-Week High

15.8

08/28/2020

52-Week Low

-23.3

All-Time High*
All-Time Low*

52-Week High

4.3

01/17/2020

03/20/2020

52-Week Low

-24.6

16.6

01/16/2004

All-Time High*

-36.4

11/21/2008

All-Time Low*

52-Week High

4.0

08/28/2020

03/20/2020

52-Week Low

-19.7

03/20/2020

34.2

07/01/2005

All-Time High*

106.7

05/05/2006

-35.2

10/10/2008

All-Time Low*

-40.8

10/24/2008

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

3.8

-24.3

-13.9

-0.2

-13.1

-7.5

15.0

24.6

Averages

Value

Blend

Growth

32.9

4.0

-23.3

-7.7

15.8

-4.1

-22.2

-12.4

1.9

-10.2

-20.4

1.1

24.3

Averages

Value

Blend

Growth

Moat Valuation

Large

25.7

5.6

-19.3

4.1

22.8

2.4

Mid

2.5

Large

-18.1

-19.3

Mid

15.2

Style Valuation

Small

26.4

-19.2

-4.7

8.5

-5.3

-20.2

-10.6

-2.7

-11.9

-19.4

0.7

17.5

Averages

Value

Blend

Growth

Moat Valuation

Uncertainty Rating

Wide

Date

Style Valuation

20.4

Low Medium

Moat Valuation

Uncertainty Rating
High Very High

25.8

92.3

6.2

-5.3

5.2

13.1

22.0

-13.1

27.0

16.7

3.8

-24.7

Economic Moat

None

2020

P/FV (%)

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

-3.3

2019

Greater Asia 09/30/2020
Date

Style Valuation

Narrow

2018

P/FV (%)

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

None

2017

Greater Europe 09/30/2020
P/FV (%)

Economic Moat

2016

Large

2014

Mid

2013

Small

2012

Small

2011

Low Medium

Uncertainty Rating
High Very High

Economic Moat

Low Medium

High Very High

0.0

-1.4

-10.4

-30.7

None

0.0

-5.7

-6.5

-19.8

Narrow

14.6

8.8

3.1

-21.4

Narrow

0.0

10.7

5.2

-8.5

Wide

17.4

35.0

5.8

-

27.9

16.9

20.8

-

Wide

morningstar.com/lp/magazine

91


http://www.morningstar.com/lp/magazine

Morningstar - Q4 2020

Table of Contents for the Digital Edition of Morningstar - Q4 2020

Contents
Morningstar - Q4 2020 - CT1
Morningstar - Q4 2020 - CT2
Morningstar - Q4 2020 - Cover1
Morningstar - Q4 2020 - Cover2
Morningstar - Q4 2020 - 1
Morningstar - Q4 2020 - 2
Morningstar - Q4 2020 - Contents
Morningstar - Q4 2020 - 4
Morningstar - Q4 2020 - 5
Morningstar - Q4 2020 - 6
Morningstar - Q4 2020 - 7
Morningstar - Q4 2020 - 8
Morningstar - Q4 2020 - 9
Morningstar - Q4 2020 - 10
Morningstar - Q4 2020 - 11
Morningstar - Q4 2020 - 12
Morningstar - Q4 2020 - 13
Morningstar - Q4 2020 - 14
Morningstar - Q4 2020 - 15
Morningstar - Q4 2020 - 16
Morningstar - Q4 2020 - 17
Morningstar - Q4 2020 - 18
Morningstar - Q4 2020 - 19
Morningstar - Q4 2020 - 20
Morningstar - Q4 2020 - 21
Morningstar - Q4 2020 - 22
Morningstar - Q4 2020 - 23
Morningstar - Q4 2020 - 24
Morningstar - Q4 2020 - 25
Morningstar - Q4 2020 - 26
Morningstar - Q4 2020 - 27
Morningstar - Q4 2020 - 28
Morningstar - Q4 2020 - 29
Morningstar - Q4 2020 - 30
Morningstar - Q4 2020 - 31
Morningstar - Q4 2020 - 32
Morningstar - Q4 2020 - 33
Morningstar - Q4 2020 - 34
Morningstar - Q4 2020 - 35
Morningstar - Q4 2020 - 36
Morningstar - Q4 2020 - 37
Morningstar - Q4 2020 - 38
Morningstar - Q4 2020 - 39
Morningstar - Q4 2020 - 40
Morningstar - Q4 2020 - 41
Morningstar - Q4 2020 - 42
Morningstar - Q4 2020 - 43
Morningstar - Q4 2020 - 44
Morningstar - Q4 2020 - 45
Morningstar - Q4 2020 - 46
Morningstar - Q4 2020 - 47
Morningstar - Q4 2020 - 48
Morningstar - Q4 2020 - 49
Morningstar - Q4 2020 - 50
Morningstar - Q4 2020 - 51
Morningstar - Q4 2020 - 52
Morningstar - Q4 2020 - 53
Morningstar - Q4 2020 - 54
Morningstar - Q4 2020 - 55
Morningstar - Q4 2020 - 56
Morningstar - Q4 2020 - 57
Morningstar - Q4 2020 - 58
Morningstar - Q4 2020 - 59
Morningstar - Q4 2020 - 60
Morningstar - Q4 2020 - 61
Morningstar - Q4 2020 - 62
Morningstar - Q4 2020 - 63
Morningstar - Q4 2020 - 64
Morningstar - Q4 2020 - 65
Morningstar - Q4 2020 - 66
Morningstar - Q4 2020 - 67
Morningstar - Q4 2020 - 68
Morningstar - Q4 2020 - 69
Morningstar - Q4 2020 - 70
Morningstar - Q4 2020 - 71
Morningstar - Q4 2020 - 72
Morningstar - Q4 2020 - 73
Morningstar - Q4 2020 - 74
Morningstar - Q4 2020 - 75
Morningstar - Q4 2020 - 76
Morningstar - Q4 2020 - 77
Morningstar - Q4 2020 - 78
Morningstar - Q4 2020 - 79
Morningstar - Q4 2020 - 80
Morningstar - Q4 2020 - 81
Morningstar - Q4 2020 - 82
Morningstar - Q4 2020 - 83
Morningstar - Q4 2020 - 84
Morningstar - Q4 2020 - 85
Morningstar - Q4 2020 - 86
Morningstar - Q4 2020 - 87
Morningstar - Q4 2020 - 88
Morningstar - Q4 2020 - 89
Morningstar - Q4 2020 - 90
Morningstar - Q4 2020 - 91
Morningstar - Q4 2020 - 92
Morningstar - Q4 2020 - 93
Morningstar - Q4 2020 - 94
Morningstar - Q4 2020 - 95
Morningstar - Q4 2020 - 96
Morningstar - Q4 2020 - Cover3
Morningstar - Q4 2020 - Cover4
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