Morningstar - Q1 2023 - 75

U.S. 12/31/2022
12-Month High*
12-Month Low*
Style Valuation
-19.1
-22.4
-32.9
-22.0
Value
1.8
-12.0
-23.8
-5.0
Blend
Moat Valuation
Economic Moat
None
Narrow
Wide
Sector Valuation
r Basic Mat
t Cons Cyc
y Fin Svcs
u Real Estate
i Comm Svcs
o Energy
p Industrials
a Technology
s Cons Def
d Healthcare
f Utilities
-19.2
-29.6
-13.2
-18.8
-40.4
4.8
-7.6
-18.8
1.0
-2.9
2.2
-50% -25
25
-19.3
-15.2
-27.3
-19.3
Growth
-12.6
-16.0
-27.8
Averages
P/FV (%)
-2.8
-22.6
*Month-end highs and lows over trailing 12-months.
Date
1/31/2022
9/30/2022
Greater Europe 12/31/2022
P/FV (%)
12-Month High*
12-Month Low*
Style Valuation
-23.9
-30.1
-34.2
-26.7
Value
-14.5
-23.3
-25.9
-17.8
Blend
Price/
Fair Value %
-26.6
-13.3
-12.0
Company
Count
1,883
1,064
227
Moat Valuation
Economic Moat
None
Narrow
Wide
Sector Valuation
r Basic Mat
t Cons Cyc
y Fin Svcs
u Real Estate
i Comm Svcs
o Energy
p Industrials
a Technology
s Cons Def
d Healthcare
f Utilities
-50%
-19.2
-15.7
-19.5
-33.5
-23.6
-12.3
-18.1
-27.1
-7.1
-14.1
-17.2
-25
25
-4.4
-16.1
-21.5
-9.0
Growth
-14.1
-23.4
-27.3
Averages
-2.9
-25.7
*Month-end highs and lows over trailing 12-months.
Greater Asia 12/31/2022
Date
1/31/2022
9/30/2022
12-Month High*
12-Month Low*
Style Valuation
-22.3
-29.6
-35.6
-25.4
Value
-22.6
-21.2
-27.1
-22.8
Blend
Price/
Fair Value %
-25.6
-18.5
-7.6
Company
Count
1,813
1,021
94
Moat Valuation
Economic Moat
None
Narrow
Wide
Sector Valuation
r Basic Mat
t Cons Cyc
y Fin Svcs
u Real Estate
i Comm Svcs
o Energy
p Industrials
a Technology
s Cons Def
d Healthcare
f Utilities
-50%
-23.2
-27.0
-16.7
-26.3
-35.6
-17.4
-20.1
-28.1
-8.9
-16.2
-18.5
-25
morningstar.com/products/magazine
25
75
-17.6
-17.7
-25.3
-18.3
Growth
-21.0
-23.1
-29.7
Averages
P/FV (%)
-17.1
-30.0
*Month-end highs and lows over trailing 12-months.
Date
1/31/2022
9/30/2022
Price/
Fair Value %
-25.1
-14.9
-28.5
Company
Count
11,965
2,295
86
Defensive
Sensitive
Cyclical
Small
Defensive
Sensitive
Cyclical
Mid
Large
Small
Defensive
Sensitive
Cyclical
Mid
Large
Small
Mid
Large
http://www.morningstar.com/products/magazine

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
Morningstar - Q1 2023 - 32
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_2024q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q2
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
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
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