Morningstar (MORN) EV to EBIT (2010 - 2026)
Morningstar's EV to EBIT came in at 10.14 for Q3 2026, down 40.4% from 17.03 a year earlier but up 14.9% from the prior quarter.
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Analysis
Morningstar (MORN) EV to EBIT (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Morningstar reported EV to EBIT of 7.68, down 44.9% year-over-year; for FY2025, it came in at 15.40, down 46.2% from FY2024.
- EV to EBIT has declined in each of the last four years.
- Going back by year, EV to EBIT was 28.64 in FY2024 (-44.2%), 51.35 in FY2023 (-1.9%), 52.36 in FY2022 (-5.3%) and 55.28 in FY2021 (+25.6%).
- The five-year range for quarterly EV to EBIT is 8.82 (Q2 2026) to 64.55 (Q2 2023).
- Year-over-year, EV to EBIT has declined for 12 consecutive quarters, with an average decline of 46.1% over the last eight quarters.
- The fastest year-over-year change in EV to EBIT over five years came in Q2 2023 (growth of 65.6%), and the weakest in Q2 2026 (a decline of 63.7%).
- Business Quant data shows MORN's EV to EBIT at 8.82 (Q2 2026), 10.37 (Q1 2026) and 15.40 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.14 |
| Jun 30, 2026 | 8.82 |
| Mar 31, 2026 | 10.37 |
| Dec 31, 2025 | 15.40 |
| Sep 30, 2025 | 17.03 |
| Jun 30, 2025 | 24.29 |
| Mar 31, 2025 | 24.07 |
| Dec 31, 2024 | 28.64 |
| Sep 30, 2024 | 31.83 |
| Jun 30, 2024 | 33.47 |
| Mar 31, 2024 | 42.76 |
| Dec 31, 2023 | 51.35 |
| Sep 30, 2023 | 56.13 |
| Jun 30, 2023 | 64.55 |
| Mar 31, 2023 | 60.73 |
| Dec 31, 2022 | 52.36 |
| Sep 30, 2022 | 41.58 |
| Jun 30, 2022 | 38.98 |
| Mar 31, 2022 | 45.24 |
| Dec 31, 2021 | 55.28 |
API Access
Morningstar EV to EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();