Overview
For Portfolio Managers and Institutional Investors
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Morningstar Methodology
  • With 90 equity analysts, Morningstar is one of the largest independent sources for equity research in the world. Our analysts evaluate companies using a proprietary methodology built on fundamental analysis that scrutinises a company’s sustainable competitive advantages. The strong performance of our ratings speaks for itself: The Morningstar® Wide Moat Focus Index has returned more than 14% annualised since its inception in September 2002. This index tracks 20 stocks with a wide Morningstar® Economic Moat™ Rating trading at the most significant discounts to our Fair Value Estimates.

    Learn what it means to have an Economic Moat 
  • Actionable Information
    Expansive Coverage
    Unbiased Opinions
    Proprietary Data Points
    To provide clear guidance and actionable information, Morningstar applies a consistent methodology based on in-depth company and industry insight and exclusive valuation models.
    To provide clear guidance and actionable information, Morningstar applies a consistent methodology based on in-depth company and industry insight and exclusive valuation models.
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    Morningstar analysts provide detailed, fundamental research and analysis on companies representing 92% of the market capitalisation of the Russell 3000 Index.
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    Detailed, investor-friendly Morningstar Analyst Reports deliver thorough qualitative and quantitative analysis, Fair Value Estimates, and Consider Buying and Consider Selling prices.
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    The Morningstar Rating™ for Stocks, Economic Moat Rating, and Uncertainty Rating are among the proprietary data points that allow investors and advisers to easily make comparisons.
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