MORN Fair Value Estimate
$256.5348.7% undervalued
Blended fair value estimate based on DCF, Graham Number, and earnings-based models.
Morningstar Inc
Exchange: NASDAQSector: Financial ServicesIndustry: Financial Data & Stock Exchanges
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $341 billion in AUMA as of March 31, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.
Current Price
$172.55
+0.43%GoodMoat Value
$256.53
48.7% undervaluedProfile
Valuation (TTM)
Market Cap$6.83B
P/E16.96
EV—
P/B5.59
Shares Out39.58M
P/Sales2.72
Revenue$2.51B
EV/EBITDA10.76
Morningstar Inc (MORN) Valuation
MORN Valuation Metrics
FCF$442.60M
FCF Growth Rate9.67%
EPS Growth (CAGR)16.20%
WACC10.00%
Fair Value Models
Graham Number, PEG-based, and Earnings-based models
View Fair Value →MORN Valuation & Fair Value Analysis
Morningstar Inc (MORN) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.
The GoodMoat Fair Value target for Morningstar Inc is $256.53. The current stock price is $172.55, suggesting the stock is 48.7% undervalued.
The price-to-earnings (P/E) ratio is 16.96. Price-to-book ratio is 5.59. Price-to-sales ratio is 2.72. Enterprise value to EBITDA is 10.76. PEG ratio is 0.34.
GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of Morningstar Inc's intrinsic value.