Is MGRE or MORN more undervalued in 2026?

CirclFi compares Affiliated Managers Group, Inc. (MGRE) and Morningstar, Inc. (MORN) using 13 institutional-grade valuation models. MGRE has a Quality of Company score of 7.9/10 while MORN scores 9.2/10.

Which is a better buy — MGRE or MORN?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do MGRE and MORN valuations compare?

MGRE at $23.81 and MORN at $182.02 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MGRE vs MORN Valuation Comparison 2026 — Intrinsic Value Analysis

MGRE

Investment Advice

Affiliated Managers Group, Inc.

Quality

7.9

out of 10

Value Trap

—

Price

$23.81

Last close

Models

3/13

Active

MORN

Investment Advice

Morningstar, Inc.

Quality

9.2

out of 10

Value Trap

SAFE

Price

$182.02

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	MGRE Fair Value	MGRE Upside	MORN Fair Value	MORN Upside
Bayesian DCF	Intrinsic	—	—	$109.78	-39.7%
Earnings Power Value	Intrinsic	—	—	$34.45	-81.1%
EROIC Spread	Intrinsic	$86.70	+264.2%	$27.03	-85.1%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$66.55	+179.5%	$161.19	-11.4%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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MGRE vs MORN — Which Stock Is More Undervalued?

MORN scores higher with a 9.2/10 quality rating vs MGRE's 7.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Affiliated Managers Group, Inc. (MGRE) and Morningstar, Inc. (MORN) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

MGRE currently trades at $23.81 with a QOC of 7.9/10, while MORN trades at $182.02 with a QOC of 9.2/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).