MSCI Inc. (MSCI)

NYSE: MSCI · USD

$606

+3.85 (+0.6%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-28

Our latest published analysis: MSCI rated Sell

MSCI Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$388 / share

Potential value

$447 / share

Upside to FV

-28.4%

from $606

Moat

9.2/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$40.1B
Revenue (ttm)	3.4B
Net income (ttm)	1.4B
EPS (ttm)	$18.9
Shares out	71.5M
P/E (trailing)	32.1x
P/E (forward)	24.7x
Dividend	$8.20 (1.36%)
Volume	298,655
Beta	1.24

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.4B
Net income (ttm): 1.4B
EPS (ttm): $18.9
P/E (trailing): 32.1x
P/E (forward): 24.7x
Market cap: $40.1B

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	$2.04B	$2.25B	$2.53B	$2.86B	$3.13B	+11.3%
Gross profit	$1.68B	$1.84B	$2.08B	$2.34B	$2.58B	+11.3%
Operating income	$1.07B	$1.21B	$1.38B	$1.53B	$1.71B	+12.4%
Net income	$726.0M	$870.6M	$1.15B	$1.11B	$1.20B	+13.4%
EPS (diluted)	$8.70	$10.72	$14.39	$14.05	$15.69	+15.9%
EBITDA	$1.15B	$1.36B	$1.71B	$1.75B	$1.93B	+13.8%
R&D	$111.6M	$107.2M	$132.1M	$158.7M	$177.6M	+12.3%
SG&A	$147.9M	$146.9M	$154.0M	$182.3M	$180.2M	+5.1%

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%	Bán
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Bán
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Mua mạnh
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	Mua mạnh
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	Mua mạnh
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	Giữ

Base and Bull scenarios

Base60%

Price target

$388.10

-28.4% from spot

In the Base scenario, with probability of 60.0%, MSCI compounds earnings per share along explicit multi-year projections, reaching a target of $388.10 for an implied return of -28.4% against $542.39. This path assumes high-single-digit top-line growth driven by recurring subscription indexing and steady expansion in analytics platforms. Operating margins remain stable above peer benchmarks as incremental software sales flow through with high operational gearing. Disconfirmation would occur if organic index revenue growth decelerates or operating margins compress, which would be visible within upcoming fiscal reporting periods.

Organic index subscription and asset-linked revenue expands at mid-to-high single digits annually
Consolidated operating margin remains stable near normalized base levels
Modest multiple contraction toward disciplined terminal forward multiples
Steady share repurchases funded entirely out of annual free cash flow

Bull15%

Price target

$446.75

-17.6% from spot

In the Bull scenario, carrying probability of 15.0%, MSCI reaches Potential value of $446.75, yielding a return of -17.6% relative to $542.39. This outcome requires accelerating commercialization of private asset analytics, rapid monetization of physical climate risk models across global institutions, and substantial expansion of the trading and liquidity ecosystem surrounding benchmark indices. Operating margins expand toward peak software levels as pricing power and client adoption compound. Disconfirmation would occur if enterprise client adoption of climate and private asset tools stalls or trading ecosystem sales decelerate.

Double-digit consolidated revenue growth driven by private asset analytics and climate solutions
Operating margin expansion toward peak levels via software scalability
Robust trading and liquidity ecosystem expansion among hedge funds and market makers
Valuation multiple resilience supported by superior return on capital metrics

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($388.10). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	3.0%	3.3%	3.5%	3.8%	4.0%
9.0%	$398	$398	$398	$398	$398
9.5%	$393	$393	$393	$393	$393
10.0%	$388	$388	$388	$388	$388
10.5%	$383	$383	$383	$383	$383
11.0%	$379	$379	$379	$379	$379

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/E24.7

P25 n/aP50 n/aP75 n/a

Trailing P/E30.1

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC40.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MSCI indicators

Market & fundamental data

Available fields

279

Groups with data

Currency

USD

Showing 279 of 279 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	0001408198
Company name	MSCI Inc.
Country	United States
Country code	US
CUSIP number	55354G100
Earnings date	2026-10-20
Earnings time	bmo
Employees	6,286
Employees change	154
Employees growth	2.51%
Enterprise value	$49.9B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1998
In index	SP500
Industry	Financial Data & Stock Exchanges
IPO date	2007-11-15
Is primary listing	Yes
Is SPAC	No
ISIN number	US55354G1004
Last 10-K release date	2026-02-06
Last earnings date	2026-10-20
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$43.3B
Market cap category	Large-Cap
Next earnings date	2027-01-27
Options	Yes
Price	$605.60
Price currency	USD
Sector	Financials
SIC code	7389
Stock price date	2026-10-28
Symbol	MSCI
U.S. state	New York
Website	https://www.msci.com

Valuation

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

Metric	Value
Adjusted P/E ratio	31.44x
Average P/E ratio (10Y)	41.24x
Average P/E ratio (3Y)	35.48x
Average P/E ratio (5Y)	40.39x
Earnings yield	3.12%
EV/Earnings	36.01x
EV/EBIT	26.07x
EV/EBITDA	24.69x
EV/FCF	31.63x
EV/Sales	14.52x
FCF / EV yield	3.16%
FCF yield	3.65%
Forward EV/Sales	13.26x
Forward P/E	27.91x
Forward P/S	11.5x
Industry forward P/E	23.83x
Industry P/E	28.12x
Lynch fair value	$283.01
Lynch upside	-53.16%
P/(FCF - SBC) ratio	29.81x
P/(OCF - SBC) ratio	29.02x
P/E ratio	32.07x
P/FCF ratio	27.42x
P/OCF ratio	26.75x
P/S ratio	12.59x
PEG ratio	2.11x
Price/EBITDA ratio	21.4x
Sector forward P/E	13.61x
Sector P/E	15.68x

Profitability

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

Metric	Value
EBIT margin	55.68%
EBITDA margin	58.81%
Effective tax rate	14.76%
FCF margin	45.89%
Gross margin	82.89%
Operating margin	55.68%
Pretax margin	47.29%
Profit margin	40.31%
Profit per employee	$220,125
Profitable quarters	79
Profitable years	22
Revenue per employee	$546,032
ROA	21.75%
ROA (5Y)	16.33%
ROCE	47.53%
ROIC	40.64%
ROIC (5Y)	29.53%
SBC / revenue	3.68%
Tax / revenue	6.98%

Growth

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

Metric	Value
EPS growth	19.72%
EPS growth (Q)	14.35%
EPS growth (QoQ)	3.62%
EPS growth 10Y	22.2%
EPS growth 3Y	16.35%
EPS growth 5Y	18.04%
EPS growth quarters	3
EPS growth years	1
FCF growth	6.67%
FCF growth (Q)	-5.1%
FCF growth (QoQ)	17.48%
FCF growth 3Y	11.45%
FCF growth 5Y	12.46%
Gross profit growth	13.04%
Gross profit growth (Q)	11.94%
Gross profit growth 3Y	12.68%
Gross profit growth 5Y	12.22%
Net income growth	13.13%
Net income growth (Q)	7.9%
Net income growth (QoQ)	2.63%
Net income growth 3Y	12.95%
Net income growth 5Y	14.99%
Net income growth quarters	3
Net income growth years	1
OCF growth	6.39%
OCF growth (Q)	-2.96%
OCF growth (QoQ)	17.61%
OCF growth 10Y	15.42%
OCF growth 3Y	11.58%
OCF growth 5Y	12.6%
Operating income growth	16.26%
Operating income growth (Q)	12.35%
Operating income growth 3Y	13.05%
Operating income growth 5Y	12.8%
Revenue growth	12.34%
Revenue growth (Q)	12.43%
Revenue growth (QoQ)	2.88%
Revenue growth 10Y	11.74%
Revenue growth 3Y	12.43%
Revenue growth 5Y	12.12%
Revenue growth quarters	52
Revenue growth years	13

Financial statements

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

Metric	Value
Capital expenditures	$-39.6M
Depreciation and amortization	$107.4M
EBIT	$1.9B
EBITDA	$2B
EPS	$18.88
FCF per share	$22.03
Financing cash flow	$-1.4B
Free cash flow	$1.6B
Free cash flow minus SBC	$1.4B
Gross profit	$2.8B
Income taxes	$239.6M
Investing cash flow	$-335.1M
Net borrowing	$1.2B
Net cash flow	$-139M
Net income	$1.4B
Operating cash flow minus SBC	$1.5B
Operating income	$1.9B
Revenue	$3.4B
Stock-based compensation	$126.1M

Financial strength

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

Metric	Value
Altman Z-Score	6.13
Book value per share	$-42.07
Debt / EBITDA	3.35
Debt / FCF	4.37
Goodwill	$3B
Interest coverage	6.86
Long-term assets	$4.3B
Long-term liabilities	$7B
Net cash (debt)	$-6.6B
Net cash / market cap	-15.36%
Net debt / EBITDA	3.29
Net debt / FCF	4.21
Piotroski F-Score	6
Property, plant and equipment	$250.5M
Shareholders' equity	$-3B
Tangible book value	$-7B
Tangible book value per share	$-97.12
Total assets	$5.6B
Total cash	$257.4M
Total debt	$6.9B
Total liabilities	$8.6B
WACC	10.01%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.62
Current assets	$1.3B
Current liabilities	$1.6B
Current ratio	0.82
Net working capital	$-509M
Quick ratio	0.71
Working capital	$-276M
Working capital turnover	-15.2

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	5.55%
Dividend growth	13.89%
Dividend growth (10Y)	23.42%
Dividend growth (3Y)	14.1%
Dividend growth (5Y)	17.64%
Dividend growth years	11
Dividend payment date	2026-11-27
Dividend payment years	13
Dividend payout frequency	Quarterly
Dividend per share	$8.20
Dividend yield	1.36%
Ex-dividend date	2026-11-13
FCF payout ratio	37.22%
Last dividend	$2.05
Payout ratio	43.42%
Shareholder yield	6.91%

Performance and technicals

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

Metric	Value
10Y price change	660.8%
10Y return CAGR	23.86%
10Y total return	749.72%
150-day SMA	$576.16
15Y price change	1,661.49%
15Y return CAGR	22.18%
15Y total return	1,919.59%
1D price change	0.64%
1M price change	9.84%
1M total return	9.84%
1W price change	0.19%
1W total return	0.19%
1Y price change	10.74%
1Y return CAGR	12.34%
1Y total return	12.33%
20-day SMA	$576.24
200-day SMA	$573.17
3M price change	6.05%
3M total return	6.43%
3Y price change	27.18%
3Y return CAGR	9.72%
3Y total return	32.11%
50-day SMA	$564.91
50-day SMA vs 200-day SMA	50under200
52-week high	$644.77
52-week high date	2026-07-17
52-week low	$501.08
52-week low date	2026-02-12
5Y price change	-4.93%
5Y return CAGR	0.13%
5Y total return	0.67%
6M price change	2.47%
6M total return	3.21%
All-time high	$679.85
All-time high date	2021-11-16
All-time low	$11.06
All-time low date	2008-11-20
Average true range (ATR)	$13.90
Average volume	604.2K
Beta (1Y)	0.94
Beta (2Y)	0.83
Beta (5Y)	1.24
Change from 52-week high	-6.08%
Change from 52-week low	20.86%
Change from all-time high	-10.92%
Change from all-time low	5,375.59%
Change from open	0.08%
Day's gap	0.56%
Dollar volume	$180.9M
High price	$606.49
Low price	$601.05
Monthly RSI	54.87
Open price	$605.13
Position in 52-week range	83.64%
Premarket change	-0.06%
Premarket close	$601.75
Premarket price	$601.40
Previous close	$601.75
Price vs 150-day SMA	5.11%
Price vs 20-day SMA	5.09%
Price vs 200-day SMA	5.66%
Price vs 50-day SMA	7.2%
Relative volume	0.5
RSI	62.77
Sharpe ratio	0.4
Sharpe ratio (3Y)	0.3
Sharpe ratio (5Y)	0.05
Sortino ratio	0.76
Sortino ratio (3Y)	0.61
Sortino ratio (5Y)	0.25
Volume	298.7K
Weekly RSI	56.5
YTD price change	5.56%
YTD total return	6.73%

Ownership and float

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

Metric	Value
Float	67.8M
Float percentage	94.86%
Shares change (QoQ)	-0.82%
Shares change (YoY)	-5.55%
Shares held by insiders	3.66%
Shares held by institutions	95.3%
Shares outstanding	71.5M
Short % of float	2.86%
Short % of shares	2.71%
Short ratio	3.5 days

Deeper analysis on MSCI

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 MSCI report

What is the latest published MSCI stock rating?

MSCI Inc. is shown with Sell in the latest published report, analyzed 2026-09-28. 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 MSCI analysis?

The full latest published report, analyzed 2026-09-28, lives at /stocks/MSCI/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 MSCI?

The latest published report analyzed 2026-09-28 gives MSCI a fair value of USD 388 and a potential value of USD 447. 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 MSCI page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-28). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellMSCI · Fair value $388-28.4%

Read full analysis →

MSCI Inc. (MSCI)

Our latest published analysis: MSCI rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · MSCI

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MSCI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MSCI

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	1.5
Management	9.5
Balance Sheet	3.0
Profitability	6.5
Revenue Growth	6.0
Risk Assessment	4.5
Competitive Moat	9.2
Earnings Quality	8.0
Capital Efficiency	8.5