MORN
Morningstar
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: MORN
- PE Ratio
The PE ratio for Morningstar stock stands at 18.2 as of Jul 31, 2026. This takes into account the latest EPS of $10.58 and stock price of $192.57. A decrease of 12% has been observed in the PE ratio compared to its average of 20.6 of the last four quarters.
MORN PE ratio history
Over the last ten years, the average PE ratio of Morningstar has been 63.48. The current 18.2 P/E ratio is 71% lower than the historical average. Looking back at the last ten years, MORN's PE ratio peaked in the Mar 2023 quarter at 507.58, with a price of $203.03 and an EPS of $0.4. The Jun 2026 quarter marked the lowest point at 14.75, with a price of $156.02 and an EPS of $10.58.
Morningstar PE ratio by year
Maximum annual increase: 72.72% in 2022
Maximum annual decrease: -54.93% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 24.33 | -37.58% | $217.31 | $8.93 |
| 2024 | 38.98 | -54.93% | $336.76 | $8.64 |
| 2023 | 86.48 | -34.12% | $286.24 | $3.31 |
| 2022 | 131.27 | 72.72% | $216.59 | $1.65 |
| 2021 | 76 | 71.33% | $341.99 | $4.5 |
| 2020 | 44.36 | 4.38% | $231.57 | $5.22 |
| 2019 | 42.5 | 66.41% | $151.31 | $3.56 |
| 2018 | 25.54 | -15.46% | $109.84 | $4.3 |
| 2017 | 30.21 | 53.58% | $96.97 | $3.21 |
| 2016 | 19.67 | -26.6% | $73.56 | $3.74 |
| 2015 | 26.8 | -27.53% | $80.41 | $3 |
| 2014 | 36.98 | 26.9% | $64.71 | $1.75 |
| 2013 | 29.14 | 3.44% | $78.09 | $2.68 |
| 2012 | 28.17 | -7.12% | $62.83 | $2.23 |
| 2011 | 30.33 | 0% | $59.45 | $1.96 |
Morningstar PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 14.75 | -14.14% | $156.02 | $10.58 |
| Mar 2026 | 17.18 | -29.39% | $169.05 | $9.84 |
| Dec 2025 | 24.33 | -7.21% | $217.31 | $8.93 |
| Sep 2025 | 26.22 | -20.98% | $232.01 | $8.85 |
| Jun 2025 | 33.18 | -0.87% | $313.93 | $9.46 |
| Mar 2025 | 33.47 | -14.14% | $299.87 | $8.96 |
| Dec 2024 | 38.98 | -6.92% | $336.76 | $8.64 |
| Sep 2024 | 41.88 | -18.6% | $319.12 | $7.62 |
| Jun 2024 | 51.45 | -16.75% | $295.85 | $5.75 |
| Mar 2024 | 61.8 | -28.54% | $308.37 | $4.99 |
| Dec 2023 | 86.48 | -38.34% | $286.24 | $3.31 |
| Sep 2023 | 140.26 | -61.37% | $234.24 | $1.67 |
| Jun 2023 | 363.09 | -28.47% | $196.07 | $0.54 |
| Mar 2023 | 507.58 | 286.67% | $203.03 | $0.4 |
| Dec 2022 | 131.27 | 78.67% | $216.59 | $1.65 |
MORN Price vs fair value
MORN average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of MORN is lower than its 3, 5 and 10-year averages.
PE comparison
Morningstar's price to earnings (P/E) of 18.2 is higher than the Financial Services sector average but lower than the industry average. In comparison with the Financial Services sector average of 13.56, Morningstar's price to earnings (P/E) is 34% higher.
MORN PE vs peers
In comparison to its peers MCO and MSCI, MORN's PE ratio is lower, but it is higher than NWSA's and FDS's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NWSA News Corp - Class A | 13.97 | $15.37B |
| VALU Value Line Inc | 14.89 | $321.39M |
| FDS Factset Research Systems Inc | 17.8 | $9.66B |
| MORN Morningstar Inc | 18.89 | $7.5B |
| MCO Moody`s Corp | 30.95 | $84.8B |
| MSCI MSCI Inc | 31.43 | $41.89B |
Frequently asked questions
What is Morningstar's PE ratio?
The price to earnings ratio for MORN stock as of Jul 31, 2026, stands at 18.2.
What is the 3-year average PE ratio for Morningstar (MORN)?
The 3-year average price to earnings ratio for MORN stock is 47.5.
What is the 5-year average PE ratio for Morningstar (MORN)?
The 5-year average price to earnings ratio for MORN stock is 94.71.
What is the highest PE ratio for MORN?
The highest quarterly PE ratio in the last ten years has been 507.58 and it was in the Mar 2023 quarter.
How does the current PE ratio for MORN compare to its historical average?
MORN's price to earnings ratio is currently 71% below its 10-year historical average.
How is MORN's PE ratio calculated (Morningstar PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 31, 2026), Morningstar's share price is $192.57. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $10.58. Therefore, Morningstar's PE ratio for today is 18.2. PE RATIO(18.2) = STOCK PRICE($192.57) / TTM EPS($10.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.