Morningstar PE ratio MORN

Share price divided by earnings per share over the last twelve months, since 2011.

Today, Oct 23, 2026: 21.3×
10-year median: 39.7×
Against its 10-year history: 9th; percentile: 0 is its lowest day, 100 its highest
10-year range: 15.7× to 497×
Peer median: 24.4×

Morningstar's PE ratio is 21.3× as of Oct 23, 2026: a share price of $224.89 against $10.54 of earnings per share over the last twelve months.

That is below its ten-year median of 39.7×, lower than on 91% of days in the last ten years.

Over that time it ranged from 15.7× in Jun 2026 to 497× in Jun 2023.

The median for 10 asset managers of a similar size is 24.4×.

PE ratio over time

median 39.7×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	21.3×	15.7×	24.7×
2025	24.9×	22.8×	44.3×
2024	44.9×	43.4×	181×
2023	173×	78.7×	497×
2022	76.3×	50.8×	87.9×
2021	69.8×	39.7×	69.8×
2020	57.0×	30.4×	57.0×
2019	39.3×	26.0×	41.8×
2018	26.3×	23.6×	39.0×
2017	24.8×	20.5×	27.7×
2016	24.9×	23.2×	29.8×
2015	28.1×	27.2×	45.9×
2014	38.6×	25.6×	40.7×
2013	29.6×	27.6×	34.1×
2012	30.0×	29.2×	33.1×
2011	31.0×	27.9×	36.2×

Against its peers

Companies in Asset Management nearest Morningstar's size, closest first, today.

Company	PE ratio
MORNMorningstar	21.3×
IDCCInterDigital	37.7×
HLIHoulihan Lokey	22.0×
EVREvercore	14.2×
AMGAffiliated Managers	13.6×
VCTRVictory Capital	19.7×
DLBDolby Laboratories	26.7×
CGCarlyle	40.2×
OWLBlue OWL Capital	78.0×
HASIHA Sustainable Infrastructure Capital	67.3×
HLNEHamilton Lane INC	12.5×
Peer median	24.4×

Where Morningstar ranks

#20of 39Asset managers with the lowest PE ratio

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on Morningstar

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.