Morningstar (MORN) Price to Earnings (2009 - 2026)
Morningstar's (MORN) Price to Earnings stood at 15.83 in Q3 2026, down 38.2% from 25.61 a year earlier but up 14.0% from the prior quarter.
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Analysis
Morningstar (MORN) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, Morningstar's Price to Earnings came in at 23.08, down 40.9% from FY2024.
- Annual Price to Earnings has declined for three straight years.
- Across earlier years, Price to Earnings came in at 39.03 in FY2024 (-55.0%), 86.68 in FY2023 (-33.6%), 130.51 in FY2022 (+71.0%) and 76.32 in FY2021 (+71.8%).
- Quarterly Price to Earnings has ranged from 13.88 in Q2 2026 to 514.23 in Q1 2023 over the past five years.
- On a year-over-year basis, Price to Earnings has declined for 12 consecutive quarters, with an average decline of 45.7% over the last eight quarters.
- Peak year-over-year performance for Price to Earnings in the last five years was growth of 712.1% in Q1 2023, against a decline of 88.0% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.88 (Q2 2026), 15.96 (Q1 2026) and 23.08 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.88 |
| Jun 30, 2026 | 13.93 |
| Mar 31, 2026 | 16.02 |
| Dec 31, 2025 | 23.16 |
| Sep 30, 2025 | 25.71 |
| Jun 30, 2025 | 32.87 |
| Mar 31, 2025 | 33.28 |
| Dec 31, 2024 | 39.16 |
| Sep 30, 2024 | 42.07 |
| Jun 30, 2024 | 51.79 |
| Mar 31, 2024 | 62.26 |
| Dec 31, 2023 | 87.39 |
| Sep 30, 2023 | 143.38 |
| Jun 30, 2023 | 379.45 |
| Mar 31, 2023 | 537.93 |
| Dec 31, 2022 | 131.85 |
| Sep 30, 2022 | 73.33 |
| Jun 30, 2022 | 56.78 |
| Mar 31, 2022 | 63.56 |
| Dec 31, 2021 | 76.57 |
API Access
Morningstar Price to Earnings 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=price-to-earnings&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();