Valuation: Morningstar, Inc.

Market Cap 7.37B 6.48B 6.11B 5.57B 10.42B 707B 10.51B 73.31B 28.41B 360B 27.66B 27.06B 1,171B P/E 2026 *
18.2x
P/E 2027 * 15.9x
Enterprise Value 8.39B 7.38B 6.96B 6.35B 11.88B 806B 11.97B 83.53B 32.37B 410B 31.52B 30.83B 1,335B EV / Sales 2026 *
3.17x
EV / Sales 2027 * 2.88x
Free-Float
34.28%
Yield 2026 *
1.02%
Yield 2027 * 1.12%

Last Transcript: Morningstar, Inc.

1 day-1.95%
1 week-3.17%
Current month-10.29%
1 month-9.70%
3 months+28.18%
6 months+19.47%
Current year-9.62%
1 week 194.29
Extreme 194.29
207.72
1 month 188.36
Extreme 188.36
221.06
Current year 141.49
Extreme 141.49
221.22
1 year 141.49
Extreme 141.49
238.04
3 years 141.49
Extreme 141.49
365
5 years 141.49
Extreme 141.49
365
10 years 67.74
Extreme 67.74
365
Manager TitleAgeSince
Chief Executive Officer 50 31/12/2016
Director of Finance/CFO 46 31/12/2024
Chief Tech/Sci/R&D Officer 57 -
Director TitleAgeSince
Chairman 69 15/05/1984
Director/Board Member 72 30/06/2002
Director/Board Member 66 31/12/1998
Date Insider Type Main position Quantity % Market Cap. Importance
01/09/26 Tax

Chief Financial Officer

-54 0.0001%
01/09/26 Tax

Controller/Auditor

-29 0.0001%
24/08/26 Sell

Founder

-5,659 0.0151%
Change 5-day change 1-year change 3-year change Capi.($)
-1.95%-3.17%-17.17%-19.37% 7.37B
-1.79%-5.86%-29.37%-3.02% 30.82B
-4.27%+5.97%-46.65%+10.36% 2.52B
+1.25%+2.50%-2.22%-6.66% 1.21B
-13.87%-9.15%+583.50%+60.01% 594M
+6.71%+14.25%+134.99%+134.16% 166M
Average -2.32%-0.04%+103.85%+29.25% 7.11B
Weighted average by Cap. -2.01%-4.71%-18.35%-3.74%

Financials

2026 *2027 *
Net sales 2.65B 2.33B 2.2B 2B 3.75B 254B 3.78B 26.35B 10.21B 129B 9.94B 9.73B 421B 2.8B 2.46B 2.32B 2.12B 3.96B 269B 3.99B 27.87B 10.8B 137B 10.52B 10.29B 445B
Net income 413M 364M 343M 313M 585M 39.68B 589M 4.11B 1.59B 20.19B 1.55B 1.52B 65.71B 461M 405M 382M 349M 652M 44.25B 657M 4.59B 1.78B 22.52B 1.73B 1.69B 73.29B
Net Debt 1.03B 903M 851M 777M 1.45B 98.55B 1.46B 10.22B 3.96B 50.16B 3.85B 3.77B 163B 689M 606M 571M 521M 975M 66.13B 982M 6.85B 2.66B 33.66B 2.59B 2.53B 110B
Logo Morningstar, Inc.
Morningstar, Inc. is a provider of independent investment insights. The Company's segments include Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The Morningstar Direct Platform provides investors with data, research and insights, and investment analysis to empower investment decision-making. The PitchBook provides investors with access to data, research, analytics, and artificial intelligence (AI) enabled software across private capital markets, including venture capital, private equity, private credit, bank loans, and mergers & acquisitions (M&A). Morningstar Credit provides investors with credit ratings, research, data, and credit analytics solutions. Morningstar Wealth provides investment products, investor tools, and an advisor platform powered by research and data. The Morningstar Retirement offers products designed to help individuals reach retirement goals.
Employees
10,973
Date Price Change Volume
24/09/26 US$196.41 -1.95% 257,477
23/09/26 US$200.32 +2.61% 342,949
22/09/26 US$195.23 -3.10% 308,043
21/09/26 US$201.47 -1.16% 230,596
18/09/26 US$203.83 +0.48% 840,508
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
196.41USD
Average target price
236.67USD
Spread / Average Target
+20.50%

Quarterly revenue - Rate of surprise

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