MORNMorningstar, Inc.

$200.47

Is the price fair?

What MORN's price assumes

Morningstar, Inc. trades at 20.5× earnings against 24.4× for the median Financial Data & Stock Exchanges name, cheaper than its own group.

20.5

Trailing P/E · Financial Data & Stock Exchanges median 24.4 · cheaper than the typical name in its group

Price / sales
2.64

Price / sales · as of 2026-Q1

EV / sales
3.12

EV / sales

Details
EV / EBIT2026-Q1
13.8
EV / sales2026-Q1
3.12
Financial Services median P/E380 names
14.1
Financial Data & Stock Exchanges median P/E11 names
24.4
Market capitalisation
$5.39B
What the market has paid for these earnings: 32 quarters of its own multiple × $9.78 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$277.13
Its own P/E history, median$356.57
Its own P/E history, upper quartile$441.58
52-week range$141.84 – $263.25
Today$200.47

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.