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MorningstarMORN +2.05%86 Earnings Yield (Joel Greenblatt) % is 8.55% as of Jun. 2026, which is 167% above its 10-year median of 3.20. GuruFocus rates MORN with a GF Score™ of 86/100 and a GF Value™ of $365.78 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 778 Capital Markets companies, Morningstar ranks better than 64.01% on this metric.
Morningstar's Enterprise Value for the quarter that ended in Jun. 2026 was $7,234 Mil.
Morningstar's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $618 Mil. Morningstar's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 8.55%.
The historical rank and industry rank for Morningstar's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MORN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.96 Med: 3.2 Max: 8.06
Current: 6.94
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Morningstar was 8.06%. The lowest was 0.96%. And the median was 3.20%.
MORN's Earnings Yield (Joel Greenblatt) % is ranked better than 64.01% of 778
companies
in the Capital Markets industry
Industry Median: 2.785
vs MORN: 6.94
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Morningstar's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 25.02%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Morningstar Earnings Yield (Joel Greenblatt) % Related Terms
Morningstar Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Morningstar's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Financial Data & Stock Exchanges subindustry, Morningstar's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Morningstar Earnings Yield (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morningstar's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Morningstar's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Morningstars Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Morningstar's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $618 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.55% mean?
Morningstar (MORN) has a Earnings Yield (Joel Greenblatt) % of 8.55% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Morningstar and its competitors. This is 167% above median its historical median of 3.20. Over the past decade, Morningstar's Earnings Yield (Joel Greenblatt) % has ranged from 0.96 to 8.06. According to the industry distribution chart, Morningstar ranks #280 out of 778 companies in the Capital Markets industry, placing it in the top 36%.
Is Morningstar's Earnings Yield (Joel Greenblatt) % too high?
Morningstar's current Earnings Yield (Joel Greenblatt) % of 8.55% is 167% above median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 8.06. The Capital Markets industry median Earnings Yield (Joel Greenblatt) % is 2.79. Morningstar's value of 8.55% is 207% above this industry median. Based on the distribution chart, Morningstar ranks #280 out of 778 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Morningstar has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morningstar's Earnings Yield (Joel Greenblatt) % compare to FDS and OTCM?
According to the Capital Markets industry distribution chart, Morningstar ranks #280 out of 778 companies for Earnings Yield (Joel Greenblatt) %. This puts Morningstar in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.79. Morningstar's value of 8.55% is 207% above this benchmark. Historically, Morningstar's own Earnings Yield (Joel Greenblatt) % has ranged from 0.96 to 8.06 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 2.79, Morningstar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Capital Markets company?
The median Earnings Yield (Joel Greenblatt) % among Capital Markets companies is 2.79, based on 778 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morningstar's current Earnings Yield (Joel Greenblatt) % of 8.55% is 207% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Morningstar and its competitors. For the Capital Markets industry, the median Earnings Yield (Joel Greenblatt) % is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morningstar's current Earnings Yield (Joel Greenblatt) % is 8.55%, which is 167% above median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morningstar stock overvalued right now?
Based on GuruFocus' analysis, Morningstar (MORN) is currently considered Significantly Undervalued. The stock's GF Value™ is $365.78, compared to a current price of $200.66 — trading 45.1% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.55%, which is 167% above median its 10-year median of 3.20 and 207% above the Capital Markets industry median of 2.79. Morningstar's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Morningstar (MORN), the current Earnings Yield (Joel Greenblatt) % is 8.55% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Morningstar (MORN) Overvalued in 2026?
Based on GuruFocus' analysis, Morningstar stock appears to be undervalued.
The current stock price of $200.66 is trading 45.1% below its estimated GF Value™ of $365.78.
GuruFocus considers Morningstar to be Significantly Undervalued.
Key valuation signals for MORN:
Earnings Yield (Joel Greenblatt) %: 8.55% (167% above median its 10-year median of 3.20)
GF Value™: $365.78 vs. price of $200.66 (45.1% below fair value)
Industry Position: 207% above the Capital Markets median (#280 of 778)
No single metric tells the full story. See the MORN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morningstar Inc is a provider of independent investment insights to financial advisers, asset managers, and investors. It provides data and research insights on various investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time market data. The company has five reportable segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. Maximum revenue is derived from the Morningstar Direct Platform, which provides investors with comprehensive data, research, insights, and investment analysis through product areas such as Morningstar Data, Morningstar Direct, and Morningstar Advisor Workstation. Geographically, it generates maximum revenue from the USA.
86GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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