The Morningstar stock screener is built around Morningstar's own research ratings: star rating, economic moat, fair value and uncertainty. It is a good tool when you want to find stocks Morningstar's analysts consider undervalued. It is a weaker tool when you want to filter the whole market by raw numbers (P/E, ROE, debt, dividend yield), especially outside US and large-cap European stocks.
Last updated: October 2026.
What the Morningstar stock screener offers
Morningstar's screener sits inside its Investor product and lets you combine two kinds of criteria.
Morningstar's proprietary ratings. These are the reason most people use it:
- Star rating: Morningstar's view of price versus its fair value estimate (1 to 5 stars).
- Economic moat: none, narrow or wide, a judgement about durable competitive advantage.
- Fair value and price/fair value: the analyst's estimate of intrinsic value and how far the price sits from it.
- Uncertainty rating: how wide the range of plausible outcomes is.
Standard fundamentals. Valuation multiples, growth, profitability, dividend and balance-sheet fields, so you can mix "wide moat" with "P/E below 15".
The catch is that the proprietary ratings only exist for stocks Morningstar's analysts cover. That is a few thousand names worldwide, concentrated in US and large European companies. Everything outside that list has fundamentals but no moat, no star rating and no fair value.
Where the Morningstar screener falls short
1. The best filters only work on a small universe
Filter on "wide moat" or "4 to 5 stars" and you are searching only the covered stocks. A Finnish industrial with a 300 million euro market cap, a Polish retailer or an Italian EGM-listed company will not appear, however cheap it is. For investors hunting inefficiency in smaller European companies, that is the segment where the filter does the least.
2. It is a research product first
The screener is one feature inside a platform designed for analyst reports, fund research and portfolio analysis. Compared with a tool built only for filtering, expect more clicks to change a criterion and less room to see many results at once.
3. Analyst ratings are a view, not data
A fair value estimate is an opinion built on assumptions about growth and margins. It is useful as a second opinion. It is a poor primary filter if you want a repeatable, auditable rule such as "ROE above 12% and net debt/EBITDA below 2".
4. Cost
The paid tier is needed for the full screener and the research behind the ratings. Morningstar's monthly price was about $35 at our last check in October 2026, with a lower effective cost on annual billing. Confirm on their pricing page before you decide, since plans change.
Morningstar screener vs. a dedicated screener
| Morningstar | ScreenerHero | |
|---|---|---|
| Proprietary moat / fair value ratings | Yes, for covered stocks | No |
| Filter by raw fundamentals | Yes | Yes (30+ filters) |
| European small caps and microcaps | Partial | Yes, across the covered European exchanges |
| US and Canada | Yes | Yes |
| Use without an account | Limited | Yes, the core screener is free to try |
| Built only for screening | No | Yes |
The two tools answer different questions. Morningstar tells you what its analysts think about a company. A dedicated screener tells you which companies in the market meet your numeric rules, so you can find candidates nobody has written a report on.