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MorningstarMORN -3.54%81 EV-to-EBIT is 14.01 as of Jul. 30, 2026, which is 55% below its 10-year median of 31.30. GuruFocus rates MORN with a GF Score™ of 81/100 and a GF Value™ of $355.82 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 501 Capital Markets companies, Morningstar ranks worse than 66.07% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Morningstar's Enterprise Value for the quarter that ended in Jun. 2026 was $7,325 Mil.
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.
* 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.
Morningstar EV-to-EBIT Related Terms
Morningstar EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Morningstar's EV-to-EBIT 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 EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morningstar's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Morningstar's EV-to-EBIT falls into.
Morningstar's current Enterprise Value is $8,661 Mil.
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.
* 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.
Morningstar (MORN) has a EV-to-EBIT of 14.01 as of Jul. 30, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Morningstar and its competitors. This is 55% below median its historical median of 31.30. Over the past decade, Morningstar's EV-to-EBIT has ranged from 12.80 to 103.73. According to the industry distribution chart, Morningstar ranks #331 out of 501 companies in the Capital Markets industry, placing it in the top 66.1%.
Is Morningstar's EV-to-EBIT too high?
Morningstar's current EV-to-EBIT of 14.01 is 55% below median its 10-year median of 31.30. Over the past 10 years, this metric has ranged from a low of 12.80 to a high of 103.73. The Capital Markets industry median EV-to-EBIT is 10.01. Morningstar's value of 14.01 is 40% above this industry median. Based on the distribution chart, Morningstar ranks #331 out of 501 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Morningstar has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morningstar's EV-to-EBIT compare to FDS and OTCM?
According to the Capital Markets industry distribution chart, Morningstar ranks #331 out of 501 companies for EV-to-EBIT. This places Morningstar in the lower half of its industry. The industry median EV-to-EBIT is 10.01. Morningstar's value of 14.01 is 40% above this benchmark. Historically, Morningstar's own EV-to-EBIT has ranged from 12.80 to 103.73 over the past decade. While the company's 10-year median is 31.30 vs. the industry median of 10.01, 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 EV-to-EBIT for a Capital Markets company?
The median EV-to-EBIT among Capital Markets companies is 10.01, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morningstar's current EV-to-EBIT of 14.01 is 40% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Morningstar and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 10.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morningstar's current EV-to-EBIT is 14.01, which is 55% below median its own 10-year median of 31.30. 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 $355.82, compared to a current price of $191.62 — trading 46.1% below its estimated fair value. The current EV-to-EBIT is 14.01, which is 55% below median its 10-year median of 31.30 and 40% above the Capital Markets industry median of 10.01. Morningstar's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Morningstar (MORN), the current EV-to-EBIT is 14.01 as of Jul. 30, 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 $191.62 is trading 46.1% below its estimated GF Value™ of $355.82.
GuruFocus considers Morningstar to be Significantly Undervalued.
Key valuation signals for MORN:
EV-to-EBIT: 14.01 (55% below median its 10-year median of 31.30)
GF Value™: $355.82 vs. price of $191.62 (46.1% below fair value)
Industry Position: 40% above the Capital Markets median (#331 of 501)
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.
81GF Score
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