Meta Tops Morningstar List of Undervalued Stocks

With the S&P 500 index having dropped 22% this year, investors may be looking for buying opportunities in the stock market.

Morningstar put together a list of the most undervalued stocks among the ones to which it assigns a wide moat. 

Undervaluation is calculated relative to Morningstar analysts’ estimates of fair value for the stocks.

And Morningstar gives wide moats to companies it thinks have significant advantages that enable them to successfully fend off competitors for decades.

Here is Morningstar’s list in order of how undervalued the stocks were as of Sept. 27.