What is Morningstar's price / earnings?

Morningstar (MORN) reported price / earnings of 16.2× in Q1 2026.

How has Morningstar's price / earnings changed year-over-year?

Morningstar's price / earnings decreased by 51.6% year-over-year, from 33.4× to 16.2×.

What is the long-term trend for Morningstar's price / earnings?

Over 5 years (2020 to 2025), Morningstar's price / earnings has grown at a -11.7% compound annual growth rate (CAGR), from 44.5× to 23.9×.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

Morningstar MORN Price / earnings

Price / earnings at other companies

S&P GlobalSPGI

26.6×-12.8×

FactSet Research SystemsFDS

13.7×-18.7×

Moody'sMCO

31.1×-8.7×

MSCIMSCI

29.9×-8.6×

BlackrockBLK

23.9×+0.6×

Equitable HoldingsEQH

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Other financials

Income statement

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Revenue$644.8M+10.8%

Gross profit$405.9M+15.8%

Operating income$155.9M+36.6%

Net income$107.1M+36.4%

EPS (diluted)$2.73+50.0%

Balance sheet

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Cash & equivalents$492.8M-3.7%

Total debt$1.9B+91.9%

Total equity$1.0B-36.7%

Total assets$4.0B+11.2%

Cash flow

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Operating cash flow$91.5M+0.5%

CapEx$37.9M+17.7%

Free cash flow$53.6M-8.8%

Valuation

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Market cap$5.84B-49.2%

Enterprise value$7.28B-40.4%

P/S2.3×-2.6×

Profitability

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Gross margin61.7%+1.0pp

Operating margin22.7%+0.8pp

Net margin16.1%-0.5pp

FCF margin17.4%-1.9pp

Returns & leverage

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Return on equity30.7%+5.0pp

Debt / equity1.9×+1.3×

Current ratio1×-0.1×

Where this comes from

Calculated from Morningstar’s reported figures.

market cap/net income=16.2×

Based on the most recent quarter.

The official record: Morningstar’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morningstar's price / earnings?: Morningstar (MORN) reported price / earnings of 16.2× in Q1 2026.
How has Morningstar's price / earnings changed year-over-year?: Morningstar's price / earnings decreased by 51.6% year-over-year, from 33.4× to 16.2×.
What is the long-term trend for Morningstar's price / earnings?: Over 5 years (2020 to 2025), Morningstar's price / earnings has grown at a -11.7% compound annual growth rate (CAGR), from 44.5× to 23.9×.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.