Morningstar (MORN) Price to Sales (2009 - 2026)
Morningstar's Price to Sales was 2.69 in Q3 2026, down 33.1% from 4.02 a year earlier but up 18.0% from the prior quarter.
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Analysis
Morningstar (MORN) Price to Sales (2009 - 2026) Analysis & Trends
For FY2025, Price to Sales at Morningstar came in at 3.53, down 44.3% from FY2024.
- In earlier years, Price to Sales was 6.35 in FY2024 (+5.8%), 6.00 in FY2023 (+22.0%), 4.92 in FY2022 (-43.3%) and 8.68 in FY2021 (+21.4%).
- Quarterly Price to Sales has moved between 2.28 (Q2 2026) and 8.68 (Q4 2021) over five years.
- Compared with a year earlier, Price to Sales has declined for seven straight quarters, with an average decline of 29.4% over the last eight quarters.
- The best year-over-year quarter for Price to Sales over five years was Q1 2024 (growth of 37.4%); the worst was Q2 2026 (a decline of 59.6%).
- Per Business Quant data, MORN's Price to Sales in the three quarters before Q3 2026 was 2.28 (Q2 2026), 2.56 (Q1 2026) and 3.53 (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 | 2.69 |
| Jun 30, 2026 | 2.28 |
| Mar 31, 2026 | 2.56 |
| Dec 31, 2025 | 3.53 |
| Sep 30, 2025 | 4.02 |
| Jun 30, 2025 | 5.64 |
| Mar 31, 2025 | 5.51 |
| Dec 31, 2024 | 6.35 |
| Sep 30, 2024 | 6.16 |
| Jun 30, 2024 | 5.84 |
| Mar 31, 2024 | 6.27 |
| Dec 31, 2023 | 6.00 |
| Sep 30, 2023 | 5.06 |
| Jun 30, 2023 | 4.34 |
| Mar 31, 2023 | 4.56 |
| Dec 31, 2022 | 4.92 |
| Sep 30, 2022 | 4.85 |
| Jun 30, 2022 | 5.65 |
| Mar 31, 2022 | 6.62 |
| Dec 31, 2021 | 8.68 |
API Access
Morningstar Price to Sales 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-sales&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();