S&P Global Inc. (SPGI) Stock Valuation — PE Analysis
Financial - Data & Stock Exchanges · NYSE
Current Price
$431.29
PE Ratio (TTM)
26.3x
Intrinsic Value
$474.04
+9.0% margin of safety
COMPETITIVE MOAT
↑Dominant credit rating agency
S&P Global Ratings holds a near-monopoly position in credit ratings, creating high barriers to entry and significant pricing power.
↑Extensive data and analytics platform
The company's vast historical data and sophisticated analytical tools for financial markets are difficult for competitors to replicate.
↑Network effects in indices
The widespread adoption and tracking of S&P Dow Jones Indices create a powerful network effect, making them the de facto standard.
INVESTMENT RISKS
↓Dependence on financial market health
The company's revenue is closely tied to the performance and activity levels within global financial markets.
↓Potential for disruptive technology
Advancements in AI and blockchain could fundamentally alter how financial data is analyzed and rated.
↓Competition from other rating agencies
While dominant, S&P faces ongoing competition from Moody's and Fitch, which could erode market share.
Base case
SPGI base case PE valuation
At a current price of $431.29, the base case PE valuation puts SPGI fair value near $474.04 per share. That figure assumes 8.1% yearly earnings growth, a target PE multiple of 25.89x, and a 10% discount rate.
Intrinsic Value
$474.04
Margin of safety
+9.0%
Expected annual return
+1.9%
Base case assumptions: 8.1% annual earnings growth, 25.89x target PE, 10% discount rate, 5 year projection. Data as of 2026-08-21.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the SPGI PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for S&P Global Inc. respond.
Open PE Calculator for SPGICompany Overview
S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets. It operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Energy, S&P Global Mobility, and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Data, Analytics & Insights, a desktop product suite that provides data, analytics, and third-party research for global finance and corporate professionals; research, reference data, market data, derived analytics, and valuation services; enterprise solutions, such as software and workflow solutions; and credit and risk solutions for selling Ratings' credit ratings and related data and research, analytics, and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings, research, and analytics offering investors information and independent benchmarks for their investment and financial decisions as well as access to the capital markets. The S&P Global Energy segment provides information and benchmark prices for the energy and commodity markets. The S&P Global Mobility segment offers solutions for the full automotive value chain, including vehicle manufacturers, automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. It has operations in the United States, European region, Asia, and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
Financial Metrics — SPGI PE Stock Valuation Data
PE Ratio (TTM)
26.3x
PEG Ratio
1.00
Earnings Yield
3.86%
ROE (TTM)
15.5%
Revenue/Share (TTM)
$54.57
Dividend Yield
0.89%
Debt/Equity
0.50x
Frequently Asked Questions
What is the PE ratio of SPGI?
The trailing twelve-month PE ratio of SPGI reflects how much investors pay per dollar of S&P Global Inc.'s earnings. This metric is most useful when compared to Financial - Data & Stock Exchanges peers and the company's own historical range.
Is SPGI overvalued based on PE ratio?
SPGI's PE of 26.3x combined with a PEG ratio of 1.00 provides a growth-adjusted perspective. A PEG near 1.0 means the P/E is roughly in line with the earnings growth rate. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical Financial - Data & Stock Exchanges, a DCF analysis may be more appropriate.
How do I value SPGI stock using PE ratio?
To value S&P Global Inc. using PE: (1) Compare the current PE (26.3x) against the Financial - Data & Stock Exchanges median to assess relative pricing, (2) check the PEG ratio (1.00) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of SPGI?
SPGI's PEG ratio is 1.00, calculated by dividing the PE ratio (26.3x) by the expected earnings growth rate. A PEG near 1.0 means the P/E is roughly in line with the expected earnings growth rate. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for SPGI stock valuation?
PE ratio gives a quick relative read — how SPGI is priced versus Financial - Data & Stock Exchanges peers. DCF provides an absolute value based on projected free cash flows. For SPGI, with a strong ROE of 15.5%, both methods are worth using — PE for a market-relative check, DCF to stress-test whether fundamentals justify the price. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See SPGI DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Financial Services valuationsP/E and DCF value SPGI with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-08-21. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.