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US Market Fair Value

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

Most Undervalued Healthcare Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Ionis Pharmaceuticals Inc IONS	$44.00	$84.00 High	0.52
Koninklijke Philips NV ADR PHG	$23.81	$41.00 High	0.58
Fresenius Medical Care AG ADR FMS	$22.26	$38.00 High	0.59
LOCK\|gYfW >$@qXnJpXr%t& &M&#SC LDNR	$23.64	$40.00 High	0.59
LOCK\|K&#Qg $h!wP^ GQYR	$130.79	$215.00 High	0.61
LOCK\|^NnYpS !nbWGy@? C>&KhghlS< %^n?& NCY	$44.77	$70.00 Medium	0.64

Most Overvalued Healthcare Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Charles River Laboratories International Inc CRL	$286.83	$145.00 High	1.98
Medpace Holdings Inc MEDP	$597.84	$370.00 Medium	1.62
Illumina Inc ILMN	$265.72	$165.00 High	1.61
LOCK\|Q<D$^ ys>@RjWc mk^@^@ JPHL	$19.40	$13.50 High	1.44
LOCK\|?<W^ %TzhH RJXD	$117.14	$86.00 Medium	1.36
LOCK\|F^jHl & %TYn!X$?& DBGZ	$258.66	$190.00 Low	1.36

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