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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
MorningstarMORN -0.74%86 Equity-to-Asset is 0.26 as of Jun. 2026, which is 43% below its 10-year median of 0.46. GuruFocus rates MORN with a GF Score™ of 86/100 and a GF Value™ of $367.61 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 815 Capital Markets companies, Morningstar ranks worse than 69.69% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Morningstar's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $1,024 Mil. Morningstar's Total Assets for the quarter that ended in Jun. 2026 was $3,946 Mil.
Therefore, Morningstar's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.26.
The historical rank and industry rank for Morningstar's Equity-to-Asset or its related term are showing as below:
MORN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26 Med: 0.46 Max: 0.64
Current: 0.26
During the past 13 years, the highest Equity to Asset Ratio of Morningstar was 0.64. The lowest was 0.26. And the median was 0.46.
MORN's Equity-to-Asset is ranked worse than 69.69% of 815
companies
in the Capital Markets industry
Industry Median: 0.5
vs MORN: 0.26
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Morningstar Equity-to-Asset Related Terms
Morningstar Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Morningstar's Equity-to-Asset 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.
MORN vs FDS, OTCM, VALU: Equity-to-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Morningstar's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morningstar's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Morningstar's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Morningstar's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.26 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Morningstar and its competitors. This is 43% below median its historical median of 0.46. Over the past decade, Morningstar's Equity-to-Asset has ranged from 0.26 to 0.64. According to the industry distribution chart, Morningstar ranks #568 out of 815 companies in the Capital Markets industry, placing it in the top 69.7%.
Is Morningstar's Equity-to-Asset too high?
Morningstar's current Equity-to-Asset of 0.26 is 43% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.64. The Capital Markets industry median Equity-to-Asset is 0.50. Morningstar's value of 0.26 is 48% below this industry median. Based on the distribution chart, Morningstar ranks #568 out of 815 companies in the Capital Markets industry, which is below 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 Equity-to-Asset compare to FDS and OTCM?
According to the Capital Markets industry distribution chart, Morningstar ranks #568 out of 815 companies for Equity-to-Asset. This places Morningstar in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Morningstar's value of 0.26 is 48% below this benchmark. Historically, Morningstar's own Equity-to-Asset has ranged from 0.26 to 0.64 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.50, Morningstar has consistently been below 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 Equity-to-Asset for a Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.50, based on 815 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morningstar's current Equity-to-Asset of 0.26 is 48% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Morningstar and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morningstar's current Equity-to-Asset is 0.26, which is 43% below median its own 10-year median of 0.46. 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 $367.61, compared to a current price of $215.97 — trading 41.3% below its estimated fair value. The current Equity-to-Asset is 0.26, which is 43% below median its 10-year median of 0.46 and 48% below the Capital Markets industry median of 0.50. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Morningstar (MORN), the current Equity-to-Asset is 0.26 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 $215.97 is trading 41.3% below its estimated GF Value™ of $367.61.
GuruFocus considers Morningstar to be Significantly Undervalued.
Key valuation signals for MORN:
Equity-to-Asset: 0.26 (43% below median its 10-year median of 0.46)
GF Value™: $367.61 vs. price of $215.97 (41.3% below fair value)
Industry Position: 48% below the Capital Markets median (#568 of 815)
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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