Morningstar, Inc. (MORN) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2026
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MORN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Morningstar, Inc. (MORN) trades at a price-to-earnings ratio of 18.9x, with a stock price of $167.66 and trailing twelve-month earnings per share of $10.25.
The current P/E is 79% below its 5-year average of 92.1x. Over the past five years, MORN's P/E has ranged from a low of 17.2x to a high of 451.2x, placing the current valuation at the 5th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, MORN trades at a 41% premium to its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.66 (P/E divided by 3% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, MORN trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MORN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MORN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $42B | 37.4 | 2.21 | +11% | |
| $125B | 28.9 | 3.32 | +19% | |
| $80B | 32.8 | 4.21 | +21%Best | |
| $9B | 13.6 | 1.36Best | +12% | |
| $87B | 26.6 | 2.99 | +21% | |
| $84M | 10.4Lowest | - | -31% | |
| $22B | 26.3 | 3.09 | -3% | |
| $40B | 27.0 | 3.60 | -30% | |
| $167B | 25.6 | 3.15 | +15% | |
| $23B | 11.5 | - | +1% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MORN Historical P/E Data (2005–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $169.05 | $9.82 | 17.2x | -63% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $217.31 | $8.91 | 24.4x | -48% |
| FY2025 Q3 | $232.01 | $8.79 | 26.4x | -44% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $313.93 | $9.39 | 33.4x | -29% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $299.87 | $8.90 | 33.7x | -28% |
| FY2024 Q4 | $336.76 | $8.57 | 39.3x | -17% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $319.12 | $7.57 | 42.2x | -10% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $295.85 | $5.71 | 51.8x | +10% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $308.37 | $4.95 | 62.3x | +32% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $286.24 | $3.31 | 86.5x | +84% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $234.24 | $1.68 | 139.4x | +196% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $196.07 | $0.59 | 332.3x | +606% |
Average P/E for displayed period: 47.1x
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Start ComparisonMORN — Frequently Asked Questions
Quick answers to the most common questions about buying MORN stock.
Is MORN stock overvalued or undervalued?
MORN trades at 18.9x P/E, below its 5-year average of 92.1x. At the 5th percentile of historical range, the stock is priced at a discount to its own history.
How does MORN's valuation compare to peers?
Morningstar, Inc. P/E of 18.9x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is MORN's PEG ratio?
MORN PEG ratio is 1.66. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2005-2026.