SPGI Stock Analysis: S&P Global | NYSE
Financial Data & Stock Exchanges | NYSE, USA | Market Cap: 130.261m USD | 12M Return: 1.2% | US78409V1044 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 761M
EPS Trend: 98.1%
Qual. Beats: 3
Rev. Trend: 98.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
S&P Global Inc. (NYSE: SPGI) is a U.S.-based large-cap financial information services company headquartered in New York, operating within the GICS Financials sector under the Financial Exchanges & Data sub-industry. Founded in 1860, it provides benchmarks, data, analytics, and workflow solutions to global capital, energy/commodity, and automotive markets.
The company operates through four segments: S&P Global Market Intelligence (multi-asset-class data, analytics, and enterprise workflow tools), S&P Global Ratings (an independent credit rating agency serving investors and capital markets participants), S&P Global Energy (energy and commodity benchmark pricing), and S&P Dow Jones Indices (index and benchmark provision, including the widely tracked S&P 500). Its index licensing and credit ratings businesses are core, recurring-revenue pillars of the companys business model.
S&P Global serves a global client base across the United States, Europe, Asia, and other international markets, with operations spanning financial professionals, institutional investors, wealth managers, and corporate users.
- Ratings revenue tracks global debt issuance volumes
- Passive ETF inflows accelerate Index licensing fee growth
- Competition from MSCI pressures Market Intelligence margins
| Net Income: 4.99b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.66 > 1.0 |
| NWC/Revenue: -14.47% < 20% (prev -0.99%; Δ -13.48% < -1%) |
| CFO/TA 0.12 > 3% & CFO 5.78b > Net Income 4.99b |
| Net Debt (11.6b) to EBITDA (8.44b): 1.37 < 3 |
| Current Ratio: 0.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (291.6m) vs 12m ago -4.24% < -2% |
| Gross Margin: 71.06% > 18% (prev 69.98%; Δ 1.09% > 0.5%) |
| Asset Turnover: 29.52% > 50% (prev 25.13%; Δ 4.40% > 0%) |
| Interest Coverage Ratio: 22.53 > 6 (EBIT TTM 7.30b / Interest Expense TTM 324.0m) |
| A: -0.05 (Total Current Assets 6.42b - Total Current Liabilities 8.72b) / Total Assets 48.0b |
| B: 0.34 (Retained Earnings 16.5b / Total Assets 48.0b) |
| C: 0.14 (EBIT TTM 7.30b / Avg Total Assets 53.9b) |
| D: 0.86 (Book Value of Equity 19.7b / Total Liabilities 22.9b) |
| Altman-Z'' = 2.62 = A |
| DSRI: 1.02 (Receivables 3.10b/2.86b, Revenue 15.9b/15.0b) |
| GMI: 0.98 (GM 69.98% / 71.06%) |
| AQI: 0.96 (AQ_t 0.85 / AQ_t-1 0.89) |
| SGI: 1.06 (Revenue 15.9b / 15.0b) |
| TATA: -0.02 (NI 4.99b - CFO 5.78b) / TA 48.0b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of October 31, 2026, the stock is trading at USD 466.55 with a total of 1,883,410 shares traded. Over the past week, the price has changed by +3.61%, over one month by +18.88%, over three months by +12.67% and over the past year by +1.21%.
Current recommended Stop Loss: 452.70 (which is 3% or 1.3 ATR below the current price).
S&P Global has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy SPGI.
- StrongBuy: 17
- Buy: 6
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 523 | 12.1% |
P/E Trailing = 26.8417
P/E Forward = 21.8341
P/S = 7.9949
P/B = 6.6089
P/EG = 2.1301
Revenue TTM = 15.9b USD
EBIT TTM = 7.30b USD
EBITDA TTM = 8.44b USD
Long Term Debt = 12.4b USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.57b USD (from shortTermDebt, last quarter)
Debt = 14.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 452.0m
Net Debt = 11.6b USD (calculated: Debt 14.0b - CCE 2.44b)
Enterprise Value = 142b USD (130b + Debt 14.0b - CCE 2.44b)
Interest Coverage Ratio = 22.53 (Ebit TTM 7.30b / Interest Expense TTM 324.0m)
EV/FCF = 25.02x (Enterprise Value 142b / FCF TTM 5.67b)
FCF Yield = 4.00% (FCF TTM 5.67b / Enterprise Value 142b)
FCF Margin = 35.63% (FCF TTM 5.67b / Revenue TTM 15.9b)
Net Margin = 31.34% (Net Income TTM 4.99b / Revenue TTM 15.9b)
Gross Margin = 71.06% ((Revenue TTM 15.9b - Cost of Revenue TTM 4.60b) / Revenue TTM)
Gross Margin QoQ = 71.89% (prev 71.90%)
Tobins Q-Ratio = 2.95 (Enterprise Value 142b / Total Assets 48.0b)
Interest Expense / Debt = 2.31% (Interest Expense 324.0m / Debt 14.0b)
Taxrate = 23.58% (1.68b / 7.14b)
NOPAT = 5.58b (EBIT 7.30b * (1 - 23.58%))
Current Ratio = 0.74 (Total Current Assets 6.42b / Total Current Liabilities 8.72b)
Debt / Equity = 0.71 (Debt 14.0b / totalStockholderEquity, last quarter 19.7b)
Debt / EBITDA = 1.37 (Net Debt 11.6b / EBITDA 8.44b)
Debt / FCF = 2.05 (Net Debt 11.6b / FCF TTM 5.67b)
Total Stockholder Equity = 28.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.25% (Net Income 4.99b / Total Assets 48.0b)
RoE = 17.54% (Net Income TTM 4.99b / Total Stockholder Equity 28.4b)
RoCE = 17.89% (EBIT 7.30b / Capital Employed (Equity 28.4b + L.T.Debt 12.4b))
RoIC = 13.58% (NOPAT 5.58b / Invested Capital 41.1b)
WACC = 6.66% (E(130b)/V(144b) * Re(7.19%) + D(14.0b)/V(144b) * Rd(2.31%) * (1-Tc(0.24)))
Discount Rate = 7.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.36 | Cagr: -3.13%
[DCF] Terminal Value 75.93% ; FCFF base≈5.59b ; Y1≈5.79b ; Y5≈6.52b
[DCF] Fair Price = 307.7 (EV 101b - Net Debt 11.6b = Equity 89.2b / Shares 289.9m; r=8.35% [WACC [floored]]; 5y FCF grow 3.81% → 2.50% )
EPS Correlation: 98.06 | EPS CAGR: 15.37% | SUE: 1.21 | # QB: 3
Revenue Correlation: 98.58 | Revenue CAGR: 9.70% | SUE: 0.83 | # QB: 0
EPS current Quarter (2027-03-31): EPS=5.10 | Chg30d=-0.94% | Revisions=+29% | Analysts=17
EPS current Year (2026-12-31): EPS=17.94 | Chg30d=+0.35% | Revisions=+0% | GrowthEPS=+0.6% | GrowthRev=-3.5%
EPS next Year (2027-12-31): EPS=20.18 | Chg30d=-0.22% | Revisions=-22% | GrowthEPS=+12.5% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: +0% (up=7, down=7)