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MorningstarMORN +0.27%86 EV-to-OCF is 13.61 as of Aug. 13, 2026, which is 36% below its 10-year median of 21.34. GuruFocus rates MORN with a GF Score™ of 86/100 and a GF Value™ of $365.31 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 811 Capital Markets companies, Morningstar ranks worse than 78.42% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Morningstar's Enterprise Value is $8,806 Mil.
Morningstar's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $647 Mil. Therefore, Morningstar's EV-to-OCF for today is 13.61.
The historical rank and industry rank for Morningstar's EV-to-OCF or its related term are showing as below:
MORN'
s EV-to-OCF Range Over the Past 10 Years
Min: 11.86 Med: 21.34 Max: 46.64
Current: 13.61
During the past 13 years, the highest EV-to-OCF of Morningstar was 46.64. The lowest was 11.86. And the median was 21.34.
MORN's EV-to-OCF is ranked worse than 78.42% of 811
companies
in the Capital Markets industry
Industry Median: -0.1
vs MORN: 13.61
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Morningstar's PE Ratio (TTM) for today is calculated as:
Morningstar's share price for today is $197.935.
Morningstar's Earnings per Share (Diluted) 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 $10.560.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Morningstar EV-to-OCF Related Terms
Morningstar EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Morningstar's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morningstar's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Morningstar's EV-to-OCF falls into.
Morningstar's current Enterprise Value is $8,806 Mil.
Morningstar's Cash Flow from Operations 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 $647 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-OCF of 13.61 as of Aug. 13, 2026. This is 36% below median its historical median of 21.34. Over the past decade, Morningstar's EV-to-OCF has ranged from 11.86 to 46.64. According to the industry distribution chart, Morningstar ranks #636 out of 811 companies in the Capital Markets industry, placing it in the top 78.4%.
Is Morningstar's EV-to-OCF too high?
Morningstar's current EV-to-OCF of 13.61 is 36% below median its 10-year median of 21.34. Over the past 10 years, this metric has ranged from a low of 11.86 to a high of 46.64. Based on the distribution chart, Morningstar ranks #636 out of 811 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. 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 EV-to-OCF compare to FDS and OTCM?
According to the Capital Markets industry distribution chart, Morningstar ranks #636 out of 811 companies for EV-to-OCF. This places Morningstar in the lower half of its industry. Historically, Morningstar's own EV-to-OCF has ranged from 11.86 to 46.64 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Capital Markets company?
A good EV-to-OCF depends on the Capital Markets industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Morningstar's current EV-to-OCF is 13.61, which is 36% below median its own 10-year median of 21.34. 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 $365.31, compared to a current price of $197.94 — trading 45.8% below its estimated fair value. The current EV-to-OCF is 13.61, which is 36% below median its 10-year median of 21.34. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Morningstar (MORN), the current EV-to-OCF is 13.61 as of Aug. 13, 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 $197.94 is trading 45.8% below its estimated GF Value™ of $365.31.
GuruFocus considers Morningstar to be Significantly Undervalued.
Key valuation signals for MORN:
EV-to-OCF: 13.61 (36% below median its 10-year median of 21.34)
GF Value™: $365.31 vs. price of $197.94 (45.8% below fair value)
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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