Moody's or S&P Global: which stock is cheaper in 2026?
As of October 5, 2026, Moody's (MCO) trades at 28.0× earnings (P/E) and S&P Global (SPGI) at 35.6×, according to Kaplio. The median across the 334 financial services companies above $2bn in Kaplio's universe is 12.8×. Kaplio's verdict: Moody's, cheap; S&P Global, fairly priced. Value range by multiples: $202–$560 for Moody's and $139–$395 for S&P Global. Against its own value range, Moody's is the cheaper of the two today.
According to the Kaplio Summary
The same verdict as each company's page: price range by multiples, the four lights, the expected return if consensus is right and what Buffett and Lynch would say today.
| Moody's (MCO) | S&P Global (SPGI) | |
|---|---|---|
| Summary valuation | cheap ($202–$560) | fairly priced ($139–$395) |
| The four lights | Valuation: P/E 28.0× (cheap) Business: ROE 60.7 % (excellent) Balance sheet: Debt/Equity 2.49 (fragile) Results: 8 of 8 (on track) | Valuation: P/E 35.6× (fairly priced) Business: ROE 14.3 % (fair) Balance sheet: Debt/Equity 0.45 (passes, near the threshold) Results: 7 of 8 (on track) |
| Expected return (per year) | +16.5 % a year (to 2028) | — |
| Buffett method | outside his circle | quality 77 · would wait |
| Lynch method | outside his circle | stalwart · would wait |
Metrics side by side
| Metric | Moody's (MCO) | S&P Global (SPGI) |
|---|---|---|
| Overview | ||
| Market Cap | $76.4B | $114B |
| Price | $441.36 | $386.27 |
| Valuation | ||
| P/E | 28.0× | 35.6× |
| P/B | 26.0× | 3.7× |
| P/S | 9.5× | 7.1× |
| EV/EBITDA | 20.6× | 15.3× |
| FCF Yield | 4.4 % | 4.9 % |
| Dividend Yield | 0.9 % | 0.7 % |
| Profitability | ||
| ROIC | 23.9 % | 10.2 % |
| ROE | 60.7 % | 14.3 % |
| Gross Margin | 71.9 % | 70.9 % |
| Operating Margin | 45.1 % | 46.3 % |
| Net Margin | 34.3 % | 30.5 % |
| Growth | ||
| Revenue 5Y CAGR | 7.5 % | 15.6 % |
| EPS 5Y CAGR | 7.7 % | 8.6 % |
| FCF 5Y CAGR | 4.7 % | 9.3 % |
| Balance Sheet | ||
| Net Debt / EBITDA | 1.5× | 1.4× |
| Debt / Equity | 2.5× | 0.5× |
Trailing twelve months where available; otherwise the latest fiscal year. Growth: five-year compound annual rate.