Morningstar MORN
United StatesFinancial Services · Financial Data & Stock ExchangesUSD
236.67 USD (+17.9%)
3 analysts
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Morningstar, Inc. is a financial data and analytics services company that provides information, research, and investment management software to individual and institutional investors, as well as rating services and market data.
Key points
from its scores- ✓Very solid balance sheet9.2
- ✓Strong growth7.6
- ✓High-quality business7.3
- ✕Poor share-price trend2.6
- ✕Demanding valuation2.7
AI analysis
bottom line, main risk, context and newsFundamentals are solid and growth is strong, but the valuation does not offer an attractive margin of safety in the short term.
Morningstar shows excellent financial health (ROE 31.96%, ROA 9.63%) and 35.4% earnings growth, although its valuation (P/E 19.09) and momentum (-14.53%) suggest the market has already priced in much of its strong results.
The main risk is dependence on market confidence in financial markets and a potential slowdown in demand for data and analytics if the investment environment weakens.
Context and risks
Morningstar is a US-based financial data and analytics company with no material exposure to interest rates, commodities, or shipping routes. Its subscription and data licensing business is stable and does not rely on significant external financing, so the current macro context does not directly affect its operations.
Is Morningstar stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 168% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.1 | 13.7 | +39% |
| EV / EBITDA | 13.1 | 10.1 | +30% |
| Price / book | 7.4 | 1.9 | +297% |
| Price / sales | 2.9 | 3.5 | −15% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 2.7 out of 10 (median for Financial Services: 5.2).
Average analyst target: 236.67 USD, +17.9% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.3 (sector 8.8), Growth 7.6 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 19.1
- Forward P/E
- 14.4
- EV / EBITDA
- 13.1
- Price / book
- 7.4
- Price / sales
- 2.9
- PEG
- 2.31
- Market cap
- 7.5B USD
- Enterprise value
- 8.9B USD
Profitability
- ROE
- 32.0%
- ROA
- 9.6%
- ROIC (approx.)
- 21.2%
- Gross margin
- 62.2%
- Operating margin
- 24.2%
- Net margin
- 16.4%
- Free cash flow
- 497.8M USD
- FCF yield
- 6.6%
- Cash conversion
- 73%
Solvency
- Total debt
- 1.9B USD
- Net debt
- 1.4B USD
- Cash
- 523.8M USD
- EBITDA
- 680.1M USD
- Net debt / EBITDA
- 2.03
- Debt / equity
- 186.05
- Current ratio
- 1.06
- Quick ratio
- 0.94
Growth
- Revenue growth
- +9.6%
- Earnings growth
- +35.4%
- EPS (TTM)
- 10.51 USD
- EPS (forward)
- 13.94 USD
Dividend
- Dividend yield
- 1.0%
- Payout
- 18.6%
Risk and market
- Beta
- 1.02
- Analyst consensus
- Buy (3)
- Target price
- 236.67 USD
- 52-week range
- 141.49 – 228.95
Recent news
All MORN news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Morningstar
Is Morningstar stock cheap or expensive?
On P/E and Price / book, it trades 168% above the Financial Services median on average. Valuation score: 2.7 out of 10 (median for Financial Services: 5.2). Average analyst target: 236.67 USD, +17.9% versus the price. This is not investment advice.
What score does Morningstar get on MeridIAn Screener?
It scores 5.9 out of 10, rank 1,089 of 2,130 (better than 47% of the companies analysed). Its strongest category is Financial health (9.2) and its weakest, Momentum (2.6). Analysis of 08/10/2026.
What is Morningstar's P/E ratio?
Its P/E is 19.1: the share price equals 19.1 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 14.4.
How much is Morningstar worth on the stock market?
Its market capitalisation is 7.5B USD.
Does Morningstar pay a dividend?
Yes: its dividend yield is 1.00% and it pays out 19% of its earnings.
How has Morningstar stock performed over the last year?
It has fallen 10.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 141.49 and 228.95 USD. Past performance does not guarantee future results.
What do analysts think of Morningstar?
3 analysts cover it; their average recommendation is “Buy” and their average target is 236.67 USD (+17.9% versus the price). It is an estimate, not market data.