(SPGI) S&P Global - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US78409V1044

Ratings, Indices, Analytics, Energy Data, Mobility

EPS (Earnings per Share)

EPS (Earnings per Share) of SPGI over the last years for every Quarter: "2020-12": 2.71, "2021-03": 3.39, "2021-06": 3.62, "2021-09": 3.54, "2021-12": 3.15, "2022-03": 2.89, "2022-06": 2.81, "2022-09": 2.93, "2022-12": 2.54, "2023-03": 3.15, "2023-06": 3.12, "2023-09": 3.21, "2023-12": 3.13, "2024-03": 4.01, "2024-06": 4.04, "2024-09": 3.89, "2024-12": 3.77, "2025-03": 4.37, "2025-06": 4.43, "2025-09": 4.73, "2025-12": 0,

Revenue

Revenue of SPGI over the last years for every Quarter: 2020-12: 1867, 2021-03: 2016, 2021-06: 2106, 2021-09: 2087, 2021-12: 2088, 2022-03: 2389, 2022-06: 2993, 2022-09: 2861, 2022-12: 2937, 2023-03: 3160, 2023-06: 3101, 2023-09: 3084, 2023-12: 3152, 2024-03: 3491, 2024-06: 3549, 2024-09: 3575, 2024-12: 3592, 2025-03: 3777, 2025-06: 3755, 2025-09: 3888, 2025-12: null,

Dividends

Dividend Yield 0.73%
Yield on Cost 5y 1.58%
Yield CAGR 5y 5.67%
Payout Consistency 98.4%
Payout Ratio 22.2%
Risk via 5d forecast
Volatility 22.6%
Value at Risk 5%th 35.1%
Relative Tail Risk -5.77%
Reward TTM
Sharpe Ratio 0.03
Alpha -9.52
CAGR/Max DD 0.66
Character TTM
Hurst Exponent 0.533
Beta 0.747
Beta Downside 0.868
Drawdowns 3y
Max DD 19.87%
Mean DD 6.05%
Median DD 5.33%

Description: SPGI S&P Global January 26, 2026

S&P Global Inc. (NYSE: SPGI) delivers credit ratings, benchmarks, analytics, and workflow solutions across global capital, commodity, and automotive markets through five operating segments: Market Intelligence, Ratings, Energy, Mobility, and Dow Jones Indices.

The Market Intelligence segment supplies multi-asset-class data, analytics, and purpose-built workflow tools-including the Desktop suite, reference-data services, and enterprise software-targeting finance and corporate professionals.

S&P Global Ratings operates as an independent credit-rating agency, providing research, analytics, and benchmarks that inform investors and other market participants.

The Energy segment offers commodity-price information and benchmarks for energy markets, while Mobility serves the full automotive value chain with data and solutions for OEMs, suppliers, finance firms, and consumers. Dow Jones Indices maintains a broad set of valuation and index benchmarks for advisors, wealth managers, and institutional investors.

In FY 2023 the company generated $12.1 billion in revenue (up 8% YoY) and reported adjusted EPS of $12.46, driven by a 12% increase in Market Intelligence subscriptions and a 6% rise in Ratings fees, reflecting heightened demand for credit analysis amid a higher-interest-rate environment.

Key sector drivers include the expanding need for ESG-related data, rising issuance of corporate debt as companies refinance in a tightening cycle, and continued growth in passive-investment assets that boost demand for index licensing.

For a deeper quantitative assessment, you might explore ValueRay’s proprietary valuation models.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 4.13b TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.62 > 1.0
NWC/Revenue: -0.99% < 20% (prev -2.20%; Δ 1.21% < -1%)
CFO/TA 0.09 > 3% & CFO 5.64b > Net Income 4.13b
Net Debt (10.19b) to EBITDA (7.33b): 1.39 < 3
Current Ratio: 0.97 > 1.5 & < 3
Outstanding Shares: last quarter (304.5m) vs 12m ago -2.25% < -2%
Gross Margin: 69.98% > 18% (prev 0.69%; Δ 6929 % > 0.5%)
Asset Turnover: 25.00% > 50% (prev 22.81%; Δ 2.19% > 0%)
Interest Coverage Ratio: 20.24 > 6 (EBITDA TTM 7.33b / Interest Expense TTM 304.0m)

Altman Z'' 3.03

A: -0.00 (Total Current Assets 5.65b - Total Current Liabilities 5.80b) / Total Assets 59.75b
B: 0.39 (Retained Earnings 23.29b / Total Assets 59.75b)
C: 0.10 (EBIT TTM 6.15b / Avg Total Assets 60.06b)
D: 1.04 (Book Value of Equity 22.91b / Total Liabilities 22.05b)
Altman-Z'' Score: 3.03 = A

Beneish M -3.01

DSRI: 0.99 (Receivables 2.86b/2.63b, Revenue 15.01b/13.77b)
GMI: 0.98 (GM 69.98% / 68.77%)
AQI: 0.99 (AQ_t 0.89 / AQ_t-1 0.90)
SGI: 1.09 (Revenue 15.01b / 13.77b)
TATA: -0.03 (NI 4.13b - CFO 5.64b) / TA 59.75b)
Beneish M-Score: -3.01 (Cap -4..+1) = AA

ValueRay F-Score (Strict, 0-100) 73.99

1. Piotroski: 6.50pt
2. FCF Yield: 3.09%
3. FCF Margin: 36.38%
4. Debt/Equity: 0.36
5. Debt/Ebitda: 1.39
6. ROIC - WACC: 2.01%
7. RoE: 12.39%
8. Revenue Trend: 91.32%
9. EPS Trend: -10.76%

What is the price of SPGI shares?

As of January 28, 2026, the stock is trading at USD 526.67 with a total of 1,310,464 shares traded.
Over the past week, the price has changed by +1.47%, over one month by -0.65%, over three months by +6.26% and over the past year by +1.88%.

Is SPGI a buy, sell or hold?

S&P Global has received a consensus analysts rating of 4.62. Therefore, it is recommended to buy SPGI.
  • Strong Buy: 17
  • Buy: 8
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the SPGI price?

Issuer Target Up/Down from current
Wallstreet Target Price 614.5 16.7%
Analysts Target Price 614.5 16.7%
ValueRay Target Price 570.9 8.4%

SPGI Fundamental Data Overview January 21, 2026

P/E Trailing = 39.6768
P/E Forward = 27.4725
P/S = 11.1112
P/B = 4.9931
P/EG = 1.7617
Revenue TTM = 15.01b USD
EBIT TTM = 6.15b USD
EBITDA TTM = 7.33b USD
Long Term Debt = 11.38b USD (from longTermDebt, last quarter)
Short Term Debt = 3.00m USD (from shortTermDebt, last quarter)
Debt = 11.87b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.19b USD (from netDebt column, last quarter)
Enterprise Value = 176.99b USD (166.80b + Debt 11.87b - CCE 1.67b)
Interest Coverage Ratio = 20.24 (Ebit TTM 6.15b / Interest Expense TTM 304.0m)
EV/FCF = 32.41x (Enterprise Value 176.99b / FCF TTM 5.46b)
FCF Yield = 3.09% (FCF TTM 5.46b / Enterprise Value 176.99b)
FCF Margin = 36.38% (FCF TTM 5.46b / Revenue TTM 15.01b)
Net Margin = 27.50% (Net Income TTM 4.13b / Revenue TTM 15.01b)
Gross Margin = 69.98% ((Revenue TTM 15.01b - Cost of Revenue TTM 4.51b) / Revenue TTM)
Gross Margin QoQ = 71.17% (prev 70.20%)
Tobins Q-Ratio = 2.96 (Enterprise Value 176.99b / Total Assets 59.75b)
Interest Expense / Debt = 0.67% (Interest Expense 79.0m / Debt 11.87b)
Taxrate = 26.41% (422.0m / 1.60b)
NOPAT = 4.53b (EBIT 6.15b * (1 - 26.41%))
Current Ratio = 0.97 (Total Current Assets 5.65b / Total Current Liabilities 5.80b)
Debt / Equity = 0.36 (Debt 11.87b / totalStockholderEquity, last quarter 33.24b)
Debt / EBITDA = 1.39 (Net Debt 10.19b / EBITDA 7.33b)
Debt / FCF = 1.87 (Net Debt 10.19b / FCF TTM 5.46b)
Total Stockholder Equity = 33.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.87% (Net Income 4.13b / Total Assets 59.75b)
RoE = 12.39% (Net Income TTM 4.13b / Total Stockholder Equity 33.32b)
RoCE = 13.76% (EBIT 6.15b / Capital Employed (Equity 33.32b + L.T.Debt 11.38b))
RoIC = 10.14% (NOPAT 4.53b / Invested Capital 44.65b)
WACC = 8.13% (E(166.80b)/V(178.67b) * Re(8.67%) + D(11.87b)/V(178.67b) * Rd(0.67%) * (1-Tc(0.26)))
Discount Rate = 8.67% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.82%
[DCF Debug] Terminal Value 80.85% ; FCFF base≈5.33b ; Y1≈6.58b ; Y5≈11.21b
Fair Price DCF = 576.1 (EV 184.64b - Net Debt 10.19b = Equity 174.44b / Shares 302.8m; r=8.13% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -10.76 | EPS CAGR: -46.01% | SUE: -4.0 | # QB: 0
Revenue Correlation: 91.32 | Revenue CAGR: 18.03% | SUE: 1.63 | # QB: 3
EPS next Quarter (2026-03-31): EPS=4.91 | Chg30d=+0.011 | Revisions Net=+7 | Analysts=18
EPS next Year (2026-12-31): EPS=19.90 | Chg30d=+0.067 | Revisions Net=+8 | Growth EPS=+11.5% | Growth Revenue=+7.4%

Additional Sources for SPGI Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle