Morningstar Introduces Quantitative Equity Ratings

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Chicago-based data and investment research provider Morningstar has begun distributing quantitative ratings and reports on about 28,000 companies worldwide, using quantitative statistics and the vendor's proprietary analyst-driven equity ratings, to serve as a "second opinion" for investors to consider when evaluating a company.

The new ratings include a Quantitative Fair Value Estimate (QFVE), which measures intrinsic value based on discounted cash flow to represent per-share value of a company