Morningstar, Inc. (MORN)
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
$209.40-2.95%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Data & Stock ExchangesSnapshot 2026-09-04
QuarterlyIQ Insights · MORN
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $209 the market pays 18× p/e — above the 12× p/e peer median but in line with its own 18× history. That premium reflects a durable franchise our peer-anchored $162 fair value understates; treat the 'expensive vs peers' read with low confidence. Analysts target $210–$260. Note: our $162 fair value sits below the entire analyst range ($210–$260). Even valued only for durable growth at sustainable margins, it's worth about $237 — above today's price, so the premium reflects that growth case, not pure multiple expansion. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $212.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $1426.72 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $655.51 | — | — | Hist. CAGR | high |
| ddm gordon | 12M | $30.70 | — | — | TTM | high |
| graham number | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$210.00 – $260.00 (median $212.00) · 3 analysts · as of 2026-07-07
No fragility gates fired. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Around its own typical valuation.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $83.53 |
| — |
| — |
| TTM |
| high |
| Peer P/B | 12M | $36.02 | 1.3 | 26.87 | TTM | high |
| Peer P/FCF | 12M | $144.45 | 11.1 | 13.06 | TTM | high |
| Peer P/E | 12M | $149.58 | 11.2 | 13.41 | ntm analyst | high |
| Peer P/S | 12M | $193.85 | 2.9 | 67.36 | TTM | high |
| PEG | 12M | $328.30 | 28.4 | 11.54 | TTM | high |
| residual income | 12M | $61.91 | — | — | TTM | high |
| Own P/E history | 12M | $206.82 | 17.9 | 11.54 | TTM | high |
| triangulated | 12M | $143.26 | 12.4 | 11.55 | Triangulated | high |
| Peer P/B | 3Y | $29.85 | 1.3 | 22.27 | Hist. CAGR(prov.) | medium |
| Peer P/FCF | 3Y | $219.68 | 11.1 | 19.86 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $174.46 | 11.2 | 15.65 | Analyst | medium |
| Peer P/S | 3Y | $237.46 | 2.9 | 82.52 | Analyst | medium |
| PEG | 3Y | $445.09 | 28.4 | 15.65 | Analyst | medium |
| Own P/E history | 3Y | $280.39 | 17.9 | 15.65 | Analyst | medium |
| Peer P/B | 5Y | $26.33 | 1.3 | 19.64 | Hist. CAGR(prov.) | high |
| Peer P/FCF | 5Y | $290.53 | 11.1 | 26.26 | Hist. CAGR(prov.) | high |
| Peer P/E | 5Y | $199.09 | 11.2 | 17.85 | Analyst | high |
| Peer P/S | 5Y | $270.98 | 2.9 | 94.17 | Analyst | high |
| PEG | 5Y | $507.92 | 28.4 | 17.85 | Analyst | high |
| Own P/E history | 5Y | $319.97 | 17.9 | 17.85 | Analyst | high |