Morningstar Medalist Rating Methodology
Effective until April 2026: Morningstar's flagship forward-looking rating methodology for managed investments.
Methodology Documents
Hundreds of Morningstar analysts publish scores of in-depth investment research using our proprietary methodology to provide data like ratings and risk scores.
Key Documents
Morningstar Medalist Rating Methodology - Upcoming
Effective April 2026: Morningstar's new flagship forward-looking rating methodology for managed invetments.
Morningstar's Quantitative Equity Ratings Methodology
This paper outlines the key assumptions and details behind our quantitative equity rating methodology.
Morningstar Analyst Rating for Equity Research Methodology
We believe that a company's intrinsic worth results from the future cash flows it can generate. The Morningstar Rating for stocks identifies stocks trading at a discount or premium to their intrinsic worth--or fair value estimate, in Morningstar terminology.
The Morningstar Rating for Funds
This document describes the rationale for, and the formulas and procedures used in, calculating the Morningstar Rating for funds (commonly called the “star rating”). This methodology applies to funds receiving a star rating from Morningstar.
Morningstar Medalist Rating for Funds - Input Data Methodology
This paper outlines the key assumptions and details behind our quantitative equity rating methodology.
Morningstar Equity Comparables Methodology
Morningstar developed the Morningstar Equity Comparables system to give investors and financial professionals an objective benchmark for comparing companies. Morningstar Equity Comparables is genuinely different to other industry classifi...