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GuruFocus has detected 2 Warning Signs with Morningstar Inc $MORN.
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Morningstar Inc (NAS:MORN)
Non-Recurring Items
$43.1 Mil (TTM As of Mar. 2017)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Morningstar Inc's non-recurring items for the three months ended in Mar. 2017 was $-0.4 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Mar. 2017 was $43.1 Mil.

As of today, Morningstar Inc's share price is $79.72. Morningstar Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2017 was $3.48. Therefore, Morningstar Inc's P/E (NRI) ratio for today is 22.91.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Morningstar Inc Non-Recurring Items for the trailing twelve months (TTM) ended in Mar. 2017 was 2.9 (Jun. 2016 ) + 2.1 (Sep. 2016 ) + 38.5 (Dec. 2016 ) + -0.4 (Mar. 2017 ) = $43.1 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Morningstar Inc's P/E (NRI) Ratio for today is calculated as

Morningstar Inc's Share Price of today is $79.72.
Morningstar Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Mar. 2017 was 0.73 (Jun. 2016 ) + 0.7 (Sep. 2016 ) + 1.63 (Dec. 2016 ) + 0.42 (Mar. 2017 ) = $3.48.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Morningstar Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income -0.9-1.8-0.14.3-0.7-2.24.66.31.843.8

Morningstar Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Non Operating Income 1.5-0.60.51.20.60.32.92.138.5-0.4
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