Morningstar: Excess Returns Analysis Suggests 114% Overvaluation

Morningstar's share price has fallen 34% in the past year, but its current price of $213.91 may be overvalued by 114.1% based on the Excess Returns model, which calculates excess returns above the required return on equity. The model uses a book value of $36.48 and a stable EPS of $6.47 to arrive at an intrinsic value estimate of $99.89 per share.