Morningstar MORN
NASDAQ MORN
$198.09 -2.44 (-1.22%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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