Morningstar (MORN) EV to EBITDA (2009 - 2026)
Morningstar's (MORN) quarterly EV to EBITDA came in at 27.57 in Q2 2026, down 65.63% year-over-year from 80.22 in Q2 2025, and down 11.87% quarter-over-quarter from 31.28 in Q1 2026.
Analysis
Morningstar (MORN) EV to EBITDA (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported EV to EBITDA for 18 consecutive years, with 27.57 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 65.63% year-over-year to 27.57 in Q2 2026; TTM through Jun 2026 was 7.27, a 62.59% decrease from a year earlier, with the FY2025 full-year figure at 12.35, down 45.74% from the prior year.
- EV to EBITDA was 27.57 for Q2 2026 at Morningstar, down from 31.28 in the prior quarter.
- Over five years, EV to EBITDA peaked at 391.39 in Q3 2022 and troughed at 27.57 in Q2 2026.
- A 5-year average of 137.92 and a median of 97.12 in 2024 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA jumped 148.55% in 2022 and slumped 68.87% in 2024, its largest moves.
- Over 5 years, EV to EBITDA stood at 247.5 in 2022, then sank by 49.32% to 125.44 in 2023, then slumped by 45.2% to 68.74 in 2024, then plunged by 38.48% to 42.29 in 2025, then plunged by 34.81% to 27.57 in 2026.
- The last three EV to EBITDA figures came in at 27.57 (Q2 2026), 31.28 (Q1 2026), and 42.29 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 130.73 Bn | 131.62 Bn | 2.98 Bn |
| 2 | Moodys | 85.51 Bn | 84.15 Bn | 1.67 Bn |
| 3 | Msci | 41.67 Bn | 41.32 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 24.18 Bn | 23.63 Bn | 572.90 Mn |
| 5 | Factset Research Systems | 10.80 Bn | 10.50 Bn | 310.73 Mn |
| 6 | Morningstar | 7.86 Bn | 7.33 Bn | 423.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.57 |
| Mar 31, 2026 | 31.28 |
| Dec 31, 2025 | 42.29 |
| Sep 30, 2025 | 57.08 |
| Jun 30, 2025 | 80.22 |
| Mar 31, 2025 | 82.95 |
| Dec 31, 2024 | 68.74 |
| Sep 30, 2024 | 89.37 |
| Jun 30, 2024 | 87.39 |
| Mar 31, 2024 | 104.86 |
| Dec 31, 2023 | 125.44 |
| Sep 30, 2023 | 137.69 |
| Jun 30, 2023 | 191.48 |
| Mar 31, 2023 | 336.89 |
| Dec 31, 2022 | 247.50 |
| Sep 30, 2022 | 391.39 |
| Jun 30, 2022 | 182.91 |
| Mar 31, 2022 | 197.48 |
| Dec 31, 2021 | 189.92 |
| Sep 30, 2021 | 157.47 |