(SPGI) S&P Global - Ratings and Ratios
Credit Ratings, Benchmarks, Analytics, Indices, Workflow
SPGI EPS (Earnings per Share)
SPGI Revenue
Description: SPGI S&P Global September 24, 2025
S&P Global Inc. (NYSE: SPGI) is a diversified information-services firm that delivers credit ratings, benchmarks, analytics, and workflow solutions across capital-market, commodity-market, and automotive ecosystems. Its operations are organized into five distinct segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices.
The Market Intelligence segment is the company’s largest revenue engine, generating roughly $7 billion in FY 2023-about 12 % year-over-year growth-driven by expanding demand for multi-asset-class data, ESG analytics, and integrated workflow platforms such as the Desktop suite. A key driver is the accelerating adoption of cloud-based research tools by investment banks and corporates seeking faster, data-rich decision-making.
S&P Global Ratings operates as an independent credit-rating agency, covering roughly 30 % of global sovereign and corporate rating volume. In FY 2023 the segment posted an operating margin of 45 %, reflecting the high-margin, subscription-based nature of credit-rating and research services. Market participants increasingly rely on its ratings for regulatory capital calculations and ESG-linked financing.
S&P Global Commodity Insights supplies price benchmarks and market intelligence for more than 30 commodities, with revenue closely tied to energy-price volatility and supply-chain disruptions. The segment’s data-licensing contracts grew at an estimated 8 % CAGR over the past three years, underscoring the rising importance of real-time commodity analytics for both producers and traders.
The Mobility segment serves the full automotive value chain-from OEMs and suppliers to mobility-as-a-service platforms-capitalizing on the shift toward electrification and connected-vehicle data. Meanwhile, S&P Dow Jones Indices manages roughly $2.5 trillion in assets under management, providing a suite of equity, fixed-income, and factor-based indices that have become benchmarks for passive and active strategies worldwide.
For a deeper dive into how S&P Global’s data ecosystem could intersect with your own investment models, consider exploring ValueRay’s analytical tools to uncover hidden alpha opportunities.
SPGI Stock Overview
| Market Cap in USD | 149,429m |
| Sub-Industry | Financial Exchanges & Data |
| IPO / Inception | 2001-01-02 |
SPGI Stock Ratings
| Growth Rating | 51.6% |
| Fundamental | 79.2% |
| Dividend Rating | 58.9% |
| Return 12m vs S&P 500 | -14.1% |
| Analyst Rating | 4.62 of 5 |
SPGI Dividends
| Dividend Yield 12m | 0.97% |
| Yield on Cost 5y | 1.51% |
| Annual Growth 5y | 7.95% |
| Payout Consistency | 98.3% |
| Payout Ratio | 23.0% |
SPGI Growth Ratios
| Growth Correlation 3m | -90.3% |
| Growth Correlation 12m | 19.2% |
| Growth Correlation 5y | 71.5% |
| CAGR 5y | 17.86% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.90 |
| CAGR/Mean DD 3y (Pain Ratio) | 3.22 |
| Sharpe Ratio 12m | 0.01 |
| Alpha | -19.55 |
| Beta | 1.189 |
| Volatility | 29.79% |
| Current Volume | 2630.7k |
| Average Volume 20d | 1691.2k |
| Stop Loss | 476.8 (-3%) |
| Signal | 1.11 |
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income (4.01b TTM) > 0 and > 6% of Revenue (6% = 881.9m TTM) |
| FCFTA 0.09 (>2.0%) and ΔFCFTA 1.23pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -0.71% (prev 1.07%; Δ -1.78pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 5.58b > Net Income 4.01b (YES >=105%, WARN >=100%) |
| Net Debt (10.05b) to EBITDA (7.09b) ratio: 1.42 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.98 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (306.1m) change vs 12m ago -2.27% (target <= -2.0% for YES) |
| Gross Margin 69.67% (prev 68.19%; Δ 1.48pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 24.23% (prev 21.78%; Δ 2.45pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 19.90 (EBITDA TTM 7.09b / Interest Expense TTM 297.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.88
| (A) -0.00 = (Total Current Assets 5.88b - Total Current Liabilities 5.98b) / Total Assets 60.40b |
| (B) 0.37 = Retained Earnings (Balance) 22.40b / Total Assets 60.40b |
| (C) 0.10 = EBIT TTM 5.91b / Avg Total Assets 60.68b |
| (D) 0.98 = Book Value of Equity 22.02b / Total Liabilities 22.43b |
| Total Rating: 2.88 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 79.15
| 1. Piotroski 8.0pt = 3.0 |
| 2. FCF Yield 3.39% = 1.70 |
| 3. FCF Margin 36.81% = 7.50 |
| 4. Debt/Equity 0.36 = 2.44 |
| 5. Debt/Ebitda 1.42 = 1.10 |
| 6. ROIC - WACC (= 0.50)% = 0.63 |
| 7. RoE 11.98% = 1.00 |
| 8. Rev. Trend 96.31% = 7.22 |
| 9. EPS Trend 91.38% = 4.57 |
What is the price of SPGI shares?
Over the past week, the price has changed by +1.84%, over one month by +0.05%, over three months by -6.97% and over the past year by +1.88%.
Is S&P Global a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SPGI is around 461.11 USD . This means that SPGI is currently overvalued and has a potential downside of -6.2%.
Is SPGI a buy, sell or hold?
- 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 | 612.4 | 24.6% |
| Analysts Target Price | 612.4 | 24.6% |
| ValueRay Target Price | 519.5 | 5.7% |
SPGI Fundamental Data Overview October 26, 2025
P/E Trailing = 37.5922
P/E Forward = 24.6914
P/S = 10.1652
P/B = 4.358
P/EG = 1.7032
Beta = 1.189
Revenue TTM = 14.70b USD
EBIT TTM = 5.91b USD
EBITDA TTM = 7.09b USD
Long Term Debt = 11.38b USD (from longTermDebt, last quarter)
Short Term Debt = 3.00m USD (from shortTermDebt, last quarter)
Debt = 11.90b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.05b USD (from netDebt column, last quarter)
Enterprise Value = 159.48b USD (149.43b + Debt 11.90b - CCE 1.85b)
Interest Coverage Ratio = 19.90 (Ebit TTM 5.91b / Interest Expense TTM 297.0m)
FCF Yield = 3.39% (FCF TTM 5.41b / Enterprise Value 159.48b)
FCF Margin = 36.81% (FCF TTM 5.41b / Revenue TTM 14.70b)
Net Margin = 27.30% (Net Income TTM 4.01b / Revenue TTM 14.70b)
Gross Margin = 69.67% ((Revenue TTM 14.70b - Cost of Revenue TTM 4.46b) / Revenue TTM)
Gross Margin QoQ = 70.20% (prev 69.47%)
Tobins Q-Ratio = 2.64 (Enterprise Value 159.48b / Total Assets 60.40b)
Interest Expense / Debt = 0.65% (Interest Expense 77.0m / Debt 11.90b)
Taxrate = 22.77% (342.0m / 1.50b)
NOPAT = 4.56b (EBIT 5.91b * (1 - 22.77%))
Current Ratio = 0.98 (Total Current Assets 5.88b / Total Current Liabilities 5.98b)
Debt / Equity = 0.36 (Debt 11.90b / totalStockholderEquity, last quarter 33.50b)
Debt / EBITDA = 1.42 (Net Debt 10.05b / EBITDA 7.09b)
Debt / FCF = 1.86 (Net Debt 10.05b / FCF TTM 5.41b)
Total Stockholder Equity = 33.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.64% (Net Income 4.01b / Total Assets 60.40b)
RoE = 11.98% (Net Income TTM 4.01b / Total Stockholder Equity 33.50b)
RoCE = 13.16% (EBIT 5.91b / Capital Employed (Equity 33.50b + L.T.Debt 11.38b))
RoIC = 10.17% (NOPAT 4.56b / Invested Capital 44.87b)
WACC = 9.67% (E(149.43b)/V(161.33b) * Re(10.40%) + D(11.90b)/V(161.33b) * Rd(0.65%) * (1-Tc(0.23)))
Discount Rate = 10.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -1.10%
[DCF Debug] Terminal Value 74.17% ; FCFE base≈5.13b ; Y1≈6.33b ; Y5≈10.80b
Fair Price DCF = 404.8 (DCF Value 123.58b / Shares Outstanding 305.3m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 91.38 | EPS CAGR: 16.22% | SUE: 1.35 | # QB: 6
Revenue Correlation: 96.31 | Revenue CAGR: 10.39% | SUE: 1.82 | # QB: 2
Additional Sources for SPGI Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle