Morningstar

US Market Fair Value

Market valuation is derived from the median price/fair value of constituent companies, as evaluated by Morningstar analysts.

Most Undervalued Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
BB Liquidating Inc Class A BLIAQ	$0.37	$18.00 Medium	0.02
Clarivate PLC Ordinary Shares CLVT	$1.60	$5.50 High	0.29
Tencent Music Entertainment Group ADR TME	$7.77	$24.00 High	0.32
LOCK\|?#LKkJm <M?&phW@Z ^<@%h FXYR	$95.86	$255.00 High	0.38
LOCK\| L!?@KcK< ^!> VXJSX	$3.99	$10.00 High	0.40
LOCK\|SCXDf %?$#?RLp&FM%t SzG DKLNX	$76.47	$187.00 High	0.41

Most Overvalued Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Kinross Gold Corp KGC	$24.06	$9.30 High	2.59
Freeport-McMoRan Inc FCX	$69.28	$30.00 High	2.31
Agnico Eagle Mines Ltd AEM	$180.59	$87.00 High	2.08
LOCK\|%Xbz CF ^m!^&# BDK LNCQNL	$24.10	$12.00 Medium	2.01
LOCK\|P#?$< tw%?$ H!dyk?MrN$^n Ll<$Z?#$!T#k# &k> NBDJ	$286.83	$145.00 High	1.98
LOCK\|& C<@wk$#@^> yHVR%S q> %yV ^^CCZ Pq ZHZJ	$128.50	$67.00 Medium	1.92

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