S&P Global Inc. (SPGI) Valuation — DCF, Graham & Comparables

S&P Global Inc. (SPGI) — Price $475.17 (closing price, November 2, 2026) — Financial Services — Financial - Data & Stock Exchanges — NYSE

Latest reported results:

Valuation dashboard for S&P Global Inc. (SPGI) with P/E 28.27, P/B 7.03, EV/EBITDA 17.6 and dividend yield 0.81%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.

S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, S&P Global Mobility, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.

What would it be worth at its usual multiples?

Versus its usual multiples: cheap · Current P/E 28.3× · Multiples range: $217.02 · $588.10.

At the decade median (35.0×) $588 (+24 %); at its sector median (12.9×) $217 (-54 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

S&P Global Inc. reported revenue of $15.34B in the most recent fiscal year, growing at a 5-year CAGR of 15.6%. Net income reached $4.47B, with a 13.8% 5-year CAGR.

Trailing-twelve-month margins: gross margin 71.1%, operating margin 48.6%, net margin 31.3%.

At $475.17 (closing price, November 2, 2026), SPGI trades at a P/E of 28.27 and an ROE of 17.54%. Market capitalisation stands at $137.8B, placing it among large-cap names.

Balance sheet quality for SPGI: debt-to-equity ratio of 0.69, current ratio of 0.74 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio28.27
Price / Book7.03
EV / EBITDA17.6
Dividend Yield0.81%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
SPGIS&P Global Inc.$137.8B28.277.0317.5%
CMECME Group Inc.$109.6B25.124.1316.2%
NDAQNasdaq, Inc.$60.7B29.685.0617.3%
MORNMorningstar, Inc.$8.9B20.858.7141.5%
ICEIntercontinental Exchange, Inc.$96.3B23.503.2314.1%
MCOMoody's Corporation$87.3B30.8526.7686.4%
MSCIMSCI Inc.$46.3B33.95-49.7%
FDSFactSet Research Systems Inc.$12.1B23.596.0825.6%

Price

Price$475.17 (closing price, November 2, 2026)
Market Cap$137.8B
ExchangeNYSE
CountryUS

Profitability

Return on Equity17.54%
Return on Invested Capital14.12%
Return on Assets10.38%
Gross Margin71.06%
Operating Margin48.65%
Net Margin31.34%

Related companies: CME · NDAQ · MORN · ICE · MCO · MSCI · FDS

Explore sector: Financial Services · Financial - Data & Stock Exchanges

More sections of SPGI: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks