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 Utilities Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
PG&E Corp PCG	$12.96	$20.50 Medium	0.63
Hawaiian Electric Industries Inc HE	$8.35	$12.00 High	0.70
Edison International EIX	$58.19	$81.00 Medium	0.72
LOCK\|^N?J>T PC>^PVn Y>J<??#X $^DZ! MCK	$44.65	$56.00 Low	0.80
LOCK\|q#b?@C &Djr ^@Y V^V JLFK	$81.76	$98.00 Low	0.83
LOCK\|X <tcgGn H# XQK	$132.67	$157.00 Low	0.85

Most Overvalued Utilities Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Vistra Corp VST	$146.66	$106.00 High	1.38
Pinnacle West Capital Corp PNW	$106.31	$89.00 Low	1.19
Entergy Corp ETR	$108.43	$91.00 Low	1.19
LOCK\|tg<zY&z Q!g<wzq@m LY!# SPTJ	$42.64	$38.00 Low	1.12
LOCK\|#!F%@$ !rG XV	$92.65	$83.00 Low	1.12
LOCK\|SfH^!xf&Y& $!F#HW #%MwW MS	$115.03	$104.00 Low	1.11

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