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 Large Cap Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Tencent Music Entertainment Group ADR TME	$7.77	$24.00 High	0.32
Melco Resorts and Entertainment Ltd ADR MLCO	$4.14	$8.00 High	0.52
Alibaba Group Holding Ltd ADR BABA	$107.45	$207.00 High	0.52
LOCK\|>@<^<$ <$>v ZHYRR	$343.64	$650.00 High	0.53
LOCK\|< H#>DN ^CW%>%>& r$^x LHBZ	$40.96	$77.00 Medium	0.53
LOCK\|%!Z&# F^KmZ#Q! @v> ##L FVWLTQ	$54.00	$99.00 High	0.55

Most Overvalued Large Cap 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\|T< c>Pl&^CK> &%# Y>W&H # (LC> Jz!mj?) GJJH	$65.22	$36.00 High	1.81
LOCK\|B>W ?#^Kx^v< n^b #%&Tc KCKXX	$26.69	$15.50 High	1.72
LOCK\|?%jD< hX@?? YVML	$114.67	$67.00 High	1.71

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