S&P Global Inc. (SPGI)

NYSE: SPGI · USD

$449

+0.18 (+0.0%)· Recorded snapshot

Fonte em inglêsPT

Exibindo a fonte em inglês enquanto traduzimos

Este relatório ainda não foi traduzido. Atualize em alguns minutos assim que a fila de tradução recuperar o atraso.

StockMarketAgent Research · Analyzed 2026-09-29

Our latest published analysis: SPGI rated Hold

S&P Global Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$356 / share

Potential value

$408 / share

Upside to FV

-8.7%

from $449

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$118.9B
Revenue (ttm)	16.3B
Net income (ttm)	5B
EPS (ttm)	$16.8
Shares out	289.9M
P/E (trailing)	26.7x
P/E (forward)	19.9x
Dividend	$3.88 (0.87%)
Volume	1,402,387
Beta	1.10

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 16.3B
Net income (ttm): 5B
EPS (ttm): $16.8
P/E (trailing): 26.7x
P/E (forward): 19.9x
Market cap: $118.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$8.30B	$11.18B	$12.50B	$14.21B	$15.34B	+16.6%
Gross profit	$6.12B	$7.43B	$12.50B	$9.82B	$10.77B	+15.2%
Operating income	$4.22B	$4.94B	$4.02B	$5.58B	$6.48B	+11.3%
Net income	$3.02B	$3.25B	$2.63B	$3.85B	$4.47B	+10.3%
EPS (diluted)	$12.51	$10.20	$8.23	$12.35	$14.66	+4.0%
EBITDA	$4.46B	$6.02B	$4.02B	$6.78B	$7.69B	+14.6%
R&D	$13.0M	—	—	—	—	—
SG&A	$1.73B	$3.40B	$3.16B	$3.20B	$3.42B	+18.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Vender
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Vender
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Compra forte
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	Compra forte
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	Compra forte
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	Manter

Base and Bull scenarios

Base60%

Price target

$355.55

-8.7% from spot

In the base case, S&P Global delivers steady operational execution supported by its entrenched duopoly in credit ratings and resilient subscription data franchises. Near-term issuance timing headwinds give way to normalized refinancing demand, while Market Intelligence and Indices sustain recurring revenue compounding. Operating margins expand gradually, and robust free cash flow conversion funds ongoing share count retirement. Under this path, the base scenario target is $355.55 with an assigned probability of 60.0%, representing a projected return of -8.7% from the analysis price of $389.35. This outcome aligns closely with the house Fair value of $355.55, confirming that the market price fairly reflects fundamental compounding power.

Consolidated revenue growth decelerates in the near term before reaccelerating toward mid-single-digit levels
Operating margins expand moderately toward normalized baseline levels
Non-ratings subscription segments maintain mid-single-digit organic growth
Programmatic share buybacks continue at a disciplined pace
Valuation terminal multiple remains aligned with peer median

Bull20%

Price target

$407.74

+4.7% from spot

The bull case envisions a cyclical debt issuance boom triggered by accommodative monetary policy, driving transactional Ratings revenue and segment operating margins toward cyclical highs. Simultaneously, private credit workflow adoption and Platts energy transition benchmarking propel double-digit subscription growth, while record passive assets under management elevate index licensing fees. Substantial operational leverage expands consolidated operating margins, and surging free cash flow accelerates share repurchases. Under these favorable conditions, the bull scenario reaches a target of $407.74 with a probability of 20.0%, delivering a return of 4.7% toward Potential value $407.74.

Global central bank monetary easing triggers rapid corporate refinancing resurgence
Ratings transaction volume expands sharply, propelling segment margins toward peak levels
Private markets analytics and energy transition intelligence drive double-digit non-ratings growth

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($355.55). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
8.5%	$382	$388	$395	$402	$410
9.0%	$363	$368	$374	$379	$386
9.5%	$347	$351	$356	$360	$365
10.0%	$333	$336	$340	$344	$348
10.5%	$320	$323	$326	$329	$333

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E19.9

P25 n/aP50 n/aP75 n/a

Trailing P/E24.6

P25 n/aP50 n/aP75 n/a

ROE17.9

P25 n/aP50 n/aP75 n/a

ROIC13

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SPGI indicators

Market & fundamental data

Available fields

285

Groups with data

Currency

USD

Showing 285 of 285 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000064040
Company name	S&P Global Inc.
Country	United States
Country code	US
CUSIP number	78409V104
Earnings date	2026-10-27
Earnings time	bmo
Employees	44,500
Employees change	2,150
Employees growth	5.08%
Enterprise value	$141.2B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1860
In index	SP500
Industry	Financial Data & Stock Exchanges
Is primary listing	Yes
Is SPAC	No
ISIN number	US78409V1044
Last 10-K release date	2026-02-11
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split date	2005-05-18
Last stock split type	Forward
Market cap	$130.2B
Market cap category	Large-Cap
Next earnings date	2027-02-09
Options	Yes
Price	$449.09
Price currency	USD
Sector	Financials
SIC code	7320
Stock price date	2026-10-28
Symbol	SPGI
U.S. state	New York
Website	https://www.spglobal.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	23.99x
Average P/E ratio (10Y)	33.19x
Average P/E ratio (3Y)	37.71x
Average P/E ratio (5Y)	38.29x
Earnings yield	3.74%
EV/Earnings	28.34x
EV/EBIT	19.66x
EV/EBITDA	16.81x
EV/FCF	24.9x
EV/Sales	8.67x
FCF / EV yield	4.02%
FCF yield	4.36%
Forward EV/Sales	9.18x
Forward P/E	23.04x
Forward P/S	8.46x
Graham number	160.85372
Graham upside	-64.21%
Industry forward P/E	23.83x
Industry P/E	28.12x
Lynch fair value	$205.24
Lynch upside	-54.33%
P/(FCF - SBC) ratio	23.83x
P/(OCF - SBC) ratio	23.18x
P/B ratio	6.56x
P/E ratio	26.71x
P/FCF ratio	22.96x
P/OCF ratio	22.35x
P/S ratio	8x
PEG ratio	1.83x
Price/EBITDA ratio	15.5x
Sector forward P/E	13.6x
Sector P/E	15.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	44.1%
EBITDA margin	51.59%
Effective tax rate	23.32%
FCF margin	34.82%
Gross margin	70.44%
Operating margin	44.1%
Pretax margin	44.98%
Profit margin	30.6%
Profit per employee	$112,045
Profitable quarters	46
Profitable years	11
Revenue per employee	$366,135
ROA	8.33%
ROA (5Y)	8.86%
ROCE	18.28%
ROE	17.88%
ROE (5Y)	24.11%
ROIC	13.05%
ROIC (5Y)	25.39%
SBC / revenue	1.28%
Tax / revenue	10.49%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	22.34%
EPS growth (Q)	10.13%
EPS growth (QoQ)	3.19%
EPS growth 10Y	9.5%
EPS growth 3Y	29.62%
EPS growth 5Y	7.71%
EPS growth quarters	12
EPS growth years	2
FCF growth	3.9%
FCF growth 3Y	19.01%
FCF growth 5Y	8.73%
Gross profit growth	9.49%
Gross profit growth (Q)	-28.84%
Gross profit growth 3Y	12.02%
Gross profit growth 5Y	14.19%
Net income growth	18.24%
Net income growth (Q)	5.44%
Net income growth (QoQ)	1.89%
Net income growth 3Y	26.21%
Net income growth 5Y	12.21%
Net income growth quarters	12
Net income growth years	2
OCF growth	3.3%
OCF growth 10Y	12.42%
OCF growth 3Y	18.66%
OCF growth 5Y	8.94%
Operating income growth	12.9%
Operating income growth (Q)	2.73%
Operating income growth 3Y	18.78%
Operating income growth 5Y	10.43%
Revenue growth	8.53%
Revenue growth (Q)	-5.4%
Revenue growth (QoQ)	-11.29%
Revenue growth 10Y	11.2%
Revenue growth 3Y	9.88%
Revenue growth 5Y	15.07%
Revenue growth quarters	30
Revenue growth years	15

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-155M
Depreciation and amortization	$1.2B
EBIT	$7.2B
EBITDA	$8.4B
EPS	$16.81
FCF per share	$19.57
Financing cash flow	$-4.8B
Free cash flow	$5.7B
Free cash flow minus SBC	$5.5B
Gross profit	$11.5B
Income taxes	$1.7B
Investing cash flow	$-151M
Net borrowing	$3.7B
Net cash flow	$819M
Net income	$5B
Operating cash flow minus SBC	$5.6B
Operating income	$7.2B
Revenue	$16.3B
Stock-based compensation	$208M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$68.40
Debt / EBITDA	1.59
Debt / equity	0.53
Debt / FCF	2.37
Interest coverage	22.74
Long-term assets	$41.6B
Long-term liabilities	$14.1B
Net cash (debt)	$-11B
Net cash / market cap	-8.46%
Net debt / EBITDA	1.31
Net debt / equity	0.44
Net debt / FCF	1.94
Piotroski F-Score	7
Property, plant and equipment	$578M
Shareholders' equity	$25.2B
Tangible book value	$-19.7B
Tangible book value per share	$-67.96
Total assets	$48B
Total cash	$2.4B
Total debt	$13.5B
Total liabilities	$22.9B
WACC	9.48%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.3
Current assets	$6.4B
Current liabilities	$8.7B
Current ratio	0.74
Net working capital	$-2.3B
Quick ratio	0.28
Working capital	$-2.3B
Working capital turnover	-13.29

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.29%
Dividend growth	1.04%
Dividend growth (10Y)	10.42%
Dividend growth (3Y)	2.53%
Dividend growth (5Y)	4.73%
Dividend growth years	53
Dividend payment date	2026-12-10
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$3.88
Dividend yield	0.87%
Ex-dividend date	2026-11-25
FCF payout ratio	19.82%
Last dividend	$0.97
Payout ratio	23.08%
Shareholder yield	4.16%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	262%
10Y return CAGR	15.42%
10Y total return	319.34%
150-day SMA	$422.23
15Y price change	903.72%
15Y return CAGR	18.81%
15Y total return	1,226.15%
1D price change	0.04%
1M price change	10.28%
1M total return	10.28%
1W price change	1.51%
1W total return	1.51%
1Y price change	-10.45%
1Y return CAGR	-4.48%
1Y total return	-4.48%
20-day SMA	$420.46
200-day SMA	$431.21
20Y price change	603.05%
20Y return CAGR	12.5%
20Y total return	954.74%
3M price change	1.12%
3M total return	1.35%
3Y price change	29.86%
3Y return CAGR	12.04%
3Y total return	40.66%
50-day SMA	$420.07
50-day SMA vs 200-day SMA	50under200
52-week high	$552.25
52-week high date	2026-01-15
52-week low	$381.61
52-week low date	2026-02-12
5Y price change	-3.86%
5Y return CAGR	1.18%
5Y total return	6.04%
6M price change	1.72%
6M total return	8.04%
All-time high	$579.05
All-time high date	2025-08-14
All-time low	$0.34
All-time low date	1974-12-05
Average true range (ATR)	$10.50
Average volume	1.9M
Beta (1Y)	0.6
Beta (2Y)	0.79
Beta (5Y)	1.1
Change from 52-week high	-18.68%
Change from 52-week low	17.69%
Change from all-time high	-23.19%
Change from all-time low	132,305.48%
Change from open	0.2%
Day's gap	-0.16%
Dollar volume	$629.8M
High price	$450.49
Low price	$444.65
Monthly RSI	48.34
Open price	$448.21
Position in 52-week range	76.03%
Premarket change	-0.88%
Premarket close	$448.93
Premarket price	$445.00
Premarket volume	3.7K
Previous close	$448.93
Price vs 150-day SMA	5.33%
Price vs 20-day SMA	5.78%
Price vs 200-day SMA	3.14%
Price vs 50-day SMA	5.88%
Relative volume	0.73
RSI	65.71
Sharpe ratio	-0.12
Sharpe ratio (3Y)	0.39
Sharpe ratio (5Y)	0.05
Sortino ratio	0.01
Sortino ratio (3Y)	0.77
Sortino ratio (5Y)	0.29
Volume	1.4M
Weekly RSI	54.18
YTD price change	-14.9%
YTD total return	-9.4%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	289.2M
Float percentage	99.75%
Shares change (QoQ)	-1.32%
Shares change (YoY)	-3.29%
Shares held by insiders	0.12%
Shares held by institutions	91.17%
Shares outstanding	289.9M
Short % of float	2.23%
Short % of shares	2.23%
Short ratio	3.3 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	347

Deeper analysis on SPGI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this SPGI report

What is the latest published SPGI stock rating?

S&P Global Inc. is shown with Hold in the latest published report, analyzed 2026-09-29. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full SPGI analysis?

The full latest published report, analyzed 2026-09-29, lives at /stocks/SPGI/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for SPGI?

The latest published report analyzed 2026-09-29 gives SPGI a fair value of USD 356 and a potential value of USD 408. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the SPGI page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-29). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldSPGI · Fair value $356-8.7%

Read full analysis →

S&P Global Inc. (SPGI)

Our latest published analysis: SPGI rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · SPGI

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All SPGI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on SPGI

Frequently asked questions

Histórico de classificações

Category	Score	Reading
Valuation	4.5
Management	8.5
Balance Sheet	4.0
Profitability	6.5
Revenue Growth	6.0
Risk Assessment	5.0
Competitive Moat	9.0
Earnings Quality	8.0
Capital Efficiency	5.5