Morningstar - Q1 2023 - 74

Data Dashboard
Morningstar Global Valuation Lens
Greater Asia -22.5%
U.S. -15.1%
Greater Europe -17.9%
< -5.0%
Undervalued
Price/Fair Value by Country 12/31/2022
Finland -16.9%
Norway -20.7%
Canada -13.9%
France -10.2%
Poland -29.9%
United States -15.1%
Mexico -15.6%
India -8.5%
Colombia -33.3%
Singapore -16.9%
New Zealand -7.5%
South Africa -22.9%
Chile -23.3%
Argentina -20.1%
Australia -7.5%
Hong Kong -34.9%
Italy -18.9%
Pakistan -26.1%
South Korea -30.7%
Japan -18.0%
Sweden -20.5%
China -18.1%
-4.9 to -0.1%
0.0%
Fairly Valued
0.1 to 4.9%
> 5.0%
Overvalued
Monthly Price/Fair Value by Region 12/31/2022
+100.0%
A percentage of 0.0 connotes fairly valued
50.0
U.S.
-15.1
0.0
-50.0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Country fair-value ratios are derived from P/FV ratios on underlying stocks in those nations, generated primarily from estimates by Morningstar analysts, or, when an analyst estimate isn't available, a fair value generated using Morningstar's
quantitative equity ratings. The data is then adjusted to account for market capitalization. Some countries are omitted due to outliers in the data: less than a $10,000 three-month median-dollar-trading volume or fewer than 20 total stocks
that clear the screens. Stocks that trade for 50 cents or less a share are also removed. Uncertainty attempts to measure the confidence Morningstar analysts have in a company's ability to generate future cash flows.
Greater Europe
-17.9
Greater Asia
-22.5
74
Morningstar Q1 2023
P/FV

Morningstar - Q1 2023

Table of Contents for the Digital Edition of Morningstar - Q1 2023

Contents
Morningstar - Q1 2023 - Cover1
Morningstar - Q1 2023 - Cover2
Morningstar - Q1 2023 - Contents
Morningstar - Q1 2023 - 2
Morningstar - Q1 2023 - 3
Morningstar - Q1 2023 - 4
Morningstar - Q1 2023 - 5
Morningstar - Q1 2023 - 6
Morningstar - Q1 2023 - 7
Morningstar - Q1 2023 - 8
Morningstar - Q1 2023 - 9
Morningstar - Q1 2023 - 10
Morningstar - Q1 2023 - 11
Morningstar - Q1 2023 - 12
Morningstar - Q1 2023 - 13
Morningstar - Q1 2023 - 14
Morningstar - Q1 2023 - 15
Morningstar - Q1 2023 - 16
Morningstar - Q1 2023 - 17
Morningstar - Q1 2023 - 18
Morningstar - Q1 2023 - 19
Morningstar - Q1 2023 - 20
Morningstar - Q1 2023 - 21
Morningstar - Q1 2023 - 22
Morningstar - Q1 2023 - 23
Morningstar - Q1 2023 - 24
Morningstar - Q1 2023 - 25
Morningstar - Q1 2023 - 26
Morningstar - Q1 2023 - 27
Morningstar - Q1 2023 - 28
Morningstar - Q1 2023 - 29
Morningstar - Q1 2023 - 30
Morningstar - Q1 2023 - 31
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Morningstar - Q1 2023 - 33
Morningstar - Q1 2023 - 34
Morningstar - Q1 2023 - 35
Morningstar - Q1 2023 - 36
Morningstar - Q1 2023 - 37
Morningstar - Q1 2023 - 38
Morningstar - Q1 2023 - 39
Morningstar - Q1 2023 - 40
Morningstar - Q1 2023 - 41
Morningstar - Q1 2023 - 42
Morningstar - Q1 2023 - 43
Morningstar - Q1 2023 - 44
Morningstar - Q1 2023 - 45
Morningstar - Q1 2023 - 46
Morningstar - Q1 2023 - 47
Morningstar - Q1 2023 - 48
Morningstar - Q1 2023 - 49
Morningstar - Q1 2023 - 50
Morningstar - Q1 2023 - 51
Morningstar - Q1 2023 - 52
Morningstar - Q1 2023 - 53
Morningstar - Q1 2023 - 54
Morningstar - Q1 2023 - 55
Morningstar - Q1 2023 - 56
Morningstar - Q1 2023 - 57
Morningstar - Q1 2023 - 58
Morningstar - Q1 2023 - 59
Morningstar - Q1 2023 - 60
Morningstar - Q1 2023 - 61
Morningstar - Q1 2023 - 62
Morningstar - Q1 2023 - 63
Morningstar - Q1 2023 - 64
Morningstar - Q1 2023 - 65
Morningstar - Q1 2023 - 66
Morningstar - Q1 2023 - 67
Morningstar - Q1 2023 - 68
Morningstar - Q1 2023 - 69
Morningstar - Q1 2023 - 70
Morningstar - Q1 2023 - 71
Morningstar - Q1 2023 - 72
Morningstar - Q1 2023 - 73
Morningstar - Q1 2023 - 74
Morningstar - Q1 2023 - 75
Morningstar - Q1 2023 - 76
Morningstar - Q1 2023 - 77
Morningstar - Q1 2023 - 78
Morningstar - Q1 2023 - 79
Morningstar - Q1 2023 - 80
Morningstar - Q1 2023 - Cover3
Morningstar - Q1 2023 - Cover4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019winter
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019fall
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019summer
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019spring
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20191201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20141011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20141201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120405
https://www.nxtbook.com/nxtbooks/morningstar/investorconference2012
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20091011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008catalog
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008winter
https://www.nxtbookmedia.com