MORNMorningstar, Inc.

$204.56-12% 1Y

Is the price fair?

Good

Cheap against its own history. That is the only one of 3 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 good, 2 without data
Vs its own P/E rangecheaper than 90% of its own historyderived

Cheap vs its own history: P/E 19.4 vs a 34.0 median over 39 quarters (−43% vs median).

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)middle of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What MORN's price assumes

Morningstar, Inc. trades at 19.4× earnings against 23.8× for the median Financial Data & Stock Exchanges name, cheaper than its own group.

19.4

Trailing P/E · Financial Data & Stock Exchanges median 23.8 · cheaper than the typical name in its group

Price / sales
2.11

Price / sales · as of 2026-Q2

Price / book
5.28

Price / book · as of 2026-Q2

EV / sales
2.58

EV / sales

Details›
Price / bookas of 2026-Q2
5.28
EV / EBITas of 2026-Q2
10.9
EV / salesas of 2026-Q2
2.58
Financial Services median P/E625 names
12.1
Financial Data & Stock Exchanges median P/E12 names
23.8
Market capitalisation
$5.39B
What the market has paid for these earnings: 39 quarters of its own multiple × $10.52 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$263.14
Its own P/E history, median$357.55
Its own P/E history, upper quartile$505.45
52-week range$141.84 – $235.39
Today$204.56

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