MORN Valuation

Morningstar Inc

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228.230

+1.98(0.875%)1D

Overview
Forecast
Valuation
Earnings

MORN Relative Valuation

MORN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MORN is overvalued; if below, it's undervalued.

Historical Valuation

Morningstar Inc (MORN) is now in the Fair zone, suggesting that its current forward PE ratio of 22.92 is considered Fairly compared with the five-year average of 35.48. The fair price of Morningstar Inc (MORN) is between 102.49 to 550.26 according to relative valuation methord.

Relative Value

Fair Zone

102.49-550.26

Current Price：227.95

Fair

22.92

Trailing

Forward

13.18

EV/EBITDA

Morningstar Inc. (MORN) has a current EV/EBITDA of 13.18. The 5-year average EV/EBITDA is 16.69. The thresholds are as follows: Strongly Undervalued below -3.36, Undervalued between -3.36 and 6.66, Fairly Valued between 26.71 and 6.66, Overvalued between 26.71 and 36.74, and Strongly Overvalued above 36.74. The current Forward EV/EBITDA of 13.18 falls within the Historic Trend Line -Fairly Valued range.

16.30

EV/EBIT

Morningstar Inc. (MORN) has a current EV/EBIT of 16.30. The 5-year average EV/EBIT is 22.81. The thresholds are as follows: Strongly Undervalued below -9.89, Undervalued between -9.89 and 6.46, Fairly Valued between 39.16 and 6.46, Overvalued between 39.16 and 55.51, and Strongly Overvalued above 55.51. The current Forward EV/EBIT of 16.30 falls within the Historic Trend Line -Fairly Valued range.

3.79

Morningstar Inc. (MORN) has a current PS of 3.79. The 5-year average PS is 3.92. The thresholds are as follows: Strongly Undervalued below -0.75, Undervalued between -0.75 and 1.58, Fairly Valued between 6.25 and 1.58, Overvalued between 6.25 and 8.59, and Strongly Overvalued above 8.59. The current Forward PS of 3.79 falls within the Historic Trend Line -Fairly Valued range.

14.05

P/OCF

Morningstar Inc. (MORN) has a current P/OCF of 14.05. The 5-year average P/OCF is 16.70. The thresholds are as follows: Strongly Undervalued below -3.40, Undervalued between -3.40 and 6.65, Fairly Valued between 26.75 and 6.65, Overvalued between 26.75 and 36.80, and Strongly Overvalued above 36.80. The current Forward P/OCF of 14.05 falls within the Historic Trend Line -Fairly Valued range.

17.80

P/FCF

Morningstar Inc. (MORN) has a current P/FCF of 17.80. The 5-year average P/FCF is 23.08. The thresholds are as follows: Strongly Undervalued below -5.22, Undervalued between -5.22 and 8.93, Fairly Valued between 37.23 and 8.93, Overvalued between 37.23 and 51.38, and Strongly Overvalued above 51.38. The current Forward P/FCF of 17.80 falls within the Historic Trend Line -Fairly Valued range.

Morningstar Inc (MORN) has a current Price-to-Book (P/B) ratio of 5.91. Compared to its 3-year average P/B ratio of 8.34 , the current P/B ratio is approximately -29.13% higher. Relative to its 5-year average P/B ratio of 8.30, the current P/B ratio is about -28.79% higher. Morningstar Inc (MORN) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 2.39%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 2.56% , the current FCF yield is about -100.00% lower.

5.91

P/B

Median3y

8.34

Median5y

8.30

4.13

FCF Yield

Median3y

2.39

Median5y

2.56

Competitors Valuation Multiple

The average P/S ratio for MORN's competitors is , providing a benchmark for relative valuation. Morningstar Inc Corp (MORN) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 5.81%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Colliers International Group Inc

Stifel Financial Corp

Loss

1.59%

11.34B

Performance Decomposition

Market capitalization of MORN decreased by 30.94% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 12.08 to 14.71.

The secondary factor is the Revenue Growth, contributed 5.81%to the performance.

Overall, the performance of MORN in the past 1 year is driven by Margin Expansion. Which is more sustainable.

5.81%

571.90M → 605.10M

Revenue Growth

21.77%

12.08 → 14.71

Margin Expansion

-58.52%

57.99 → 24.06

P/E Change

-30.94%