S&P GLOBAL INC (SPGI) Fundamental Analysis & Valuation

NYSE:SPGI • US78409V1044

452.36 USD
+1.25 (+0.28%)
At close: Mar 6, 2026
452.36 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This SPGI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to SPGI. SPGI was compared to 238 industry peers in the Capital Markets industry. While SPGI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SPGI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. SPGI Profitability Analysis

1.1 Basic Checks

  • SPGI had positive earnings in the past year.
  • SPGI had a positive operating cash flow in the past year.
  • Each year in the past 5 years SPGI has been profitable.
  • Each year in the past 5 years SPGI had a positive operating cash flow.
SPGI Yearly Net Income VS EBIT VS OCF VS FCFSPGI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • With a decent Return On Assets value of 7.31%, SPGI is doing good in the industry, outperforming 78.15% of the companies in the same industry.
  • SPGI has a better Return On Equity (14.37%) than 74.79% of its industry peers.
  • SPGI has a Return On Invested Capital of 9.58%. This is amongst the best in the industry. SPGI outperforms 84.45% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SPGI is in line with the industry average of 7.26%.
  • The last Return On Invested Capital (9.58%) for SPGI is above the 3 year average (8.18%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.31%
ROE 14.37%
ROIC 9.58%
ROA(3y)6.01%
ROA(5y)8.68%
ROE(3y)11.22%
ROE(5y)38.28%
ROIC(3y)8.18%
ROIC(5y)12.38%
SPGI Yearly ROA, ROE, ROICSPGI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100 200 300 400

1.3 Margins

  • SPGI's Profit Margin of 29.16% is fine compared to the rest of the industry. SPGI outperforms 71.01% of its industry peers.
  • SPGI's Profit Margin has been stable in the last couple of years.
  • With a decent Operating Margin value of 42.92%, SPGI is doing good in the industry, outperforming 77.31% of the companies in the same industry.
  • SPGI's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 70.25%, SPGI is in the better half of the industry, outperforming 77.31% of the companies in the same industry.
  • SPGI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 42.92%
PM (TTM) 29.16%
GM 70.25%
OM growth 3Y3.81%
OM growth 5Y-3.59%
PM growth 3Y0.12%
PM growth 5Y-1.49%
GM growth 3Y1.94%
GM growth 5Y-0.46%
SPGI Yearly Profit, Operating, Gross MarginsSPGI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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5

2. SPGI Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for SPGI has been reduced compared to 1 year ago.
  • SPGI has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SPGI has a worse debt to assets ratio.
SPGI Yearly Shares OutstandingSPGI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
SPGI Yearly Total Debt VS Total AssetsSPGI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 3.85 indicates that SPGI is not in any danger for bankruptcy at the moment.
  • SPGI has a Altman-Z score of 3.85. This is amongst the best in the industry. SPGI outperforms 80.25% of its industry peers.
  • SPGI has a debt to FCF ratio of 2.40. This is a good value and a sign of high solvency as SPGI would need 2.40 years to pay back of all of its debts.
  • SPGI's Debt to FCF ratio of 2.40 is amongst the best of the industry. SPGI outperforms 84.45% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that SPGI is not too dependend on debt financing.
  • SPGI's Debt to Equity ratio of 0.40 is fine compared to the rest of the industry. SPGI outperforms 68.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.4
Altman-Z 3.85
ROIC/WACCN/A
WACCN/A
SPGI Yearly LT Debt VS Equity VS FCFSPGI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

  • SPGI has a Current Ratio of 0.82. This is a bad value and indicates that SPGI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of SPGI (0.82) is worse than 61.76% of its industry peers.
  • SPGI has a Quick Ratio of 0.82. This is a bad value and indicates that SPGI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.82, SPGI is doing worse than 61.34% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.82
SPGI Yearly Current Assets VS Current LiabilitesSPGI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. SPGI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.49% over the past year.
  • The Earnings Per Share has been growing by 8.81% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 7.95% in the past year.
  • The Revenue has been growing by 15.56% on average over the past years. This is quite good.
EPS 1Y (TTM)13.49%
EPS 3Y16.87%
EPS 5Y8.81%
EPS Q2Q%14.06%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y11.11%
Revenue growth 5Y15.56%
Sales Q2Q%9.02%

3.2 Future

  • SPGI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.90% yearly.
  • SPGI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.96% yearly.
EPS Next Y13.94%
EPS Next 2Y12.89%
EPS Next 3Y11.81%
EPS Next 5Y11.9%
Revenue Next Year7.59%
Revenue Next 2Y7.48%
Revenue Next 3Y7.34%
Revenue Next 5Y6.96%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SPGI Yearly Revenue VS EstimatesSPGI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
SPGI Yearly EPS VS EstimatesSPGI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10 20 30

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3

4. SPGI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 25.37, SPGI can be considered very expensive at the moment.
  • SPGI's Price/Earnings ratio is a bit more expensive when compared to the industry. SPGI is more expensive than 69.75% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. SPGI is around the same levels.
  • SPGI is valuated rather expensively with a Price/Forward Earnings ratio of 22.27.
  • SPGI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. SPGI is more expensive than 61.76% of the companies in the same industry.
  • SPGI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 25.37
Fwd PE 22.27
SPGI Price Earnings VS Forward Price EarningsSPGI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • SPGI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPGI is cheaper than 71.85% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPGI indicates a somewhat cheap valuation: SPGI is cheaper than 60.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25.11
EV/EBITDA 19.05
SPGI Per share dataSPGI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • SPGI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.82
PEG (5Y)2.88
EPS Next 2Y12.89%
EPS Next 3Y11.81%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SPGI Dividend Analysis

5.1 Amount

  • SPGI has a yearly dividend return of 0.86%, which is pretty low.
  • SPGI's Dividend Yield is slightly below the industry average, which is at 6.33.
  • Compared to an average S&P500 Dividend Yield of 1.82, SPGI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.86%

5.2 History

  • The dividend of SPGI is nicely growing with an annual growth rate of 7.21%!
  • SPGI has paid a dividend for at least 10 years, which is a reliable track record.
  • SPGI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.21%
Div Incr Years34
Div Non Decr Years34
SPGI Yearly Dividends per shareSPGI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • SPGI pays out 26.16% of its income as dividend. This is a sustainable payout ratio.
  • SPGI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP26.16%
EPS Next 2Y12.89%
EPS Next 3Y11.81%
SPGI Yearly Income VS Free CF VS DividendSPGI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
SPGI Dividend Payout.SPGI Dividend Payout, showing the Payout Ratio.SPGI Dividend Payout.PayoutRetained Earnings

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SPGI Fundamentals: All Metrics, Ratios and Statistics

S&P GLOBAL INC

NYSE:SPGI (3/6/2026, 8:04:00 PM)

After market: 452.36 0 (0%)

452.36

+1.25 (+0.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-10
Earnings (Next)04-27
Inst Owners90.76%
Inst Owner Change-0.52%
Ins Owners0.04%
Ins Owner Change6.61%
Market Cap135.17B
Revenue(TTM)15.34B
Net Income(TTM)4.47B
Analysts84
Price Target550.84 (21.77%)
Short Float %1.62%
Short Ratio1.91
Dividend
Industry RankSector Rank
Dividend Yield 0.86%
Yearly Dividend3.77
Dividend Growth(5Y)7.21%
DP26.16%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-25
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.28%
Min EPS beat(2)-2.62%
Max EPS beat(2)5.18%
EPS beat(4)3
Avg EPS beat(4)1.95%
Min EPS beat(4)-2.62%
Max EPS beat(4)5.18%
EPS beat(8)7
Avg EPS beat(8)4.32%
EPS beat(12)9
Avg EPS beat(12)3.24%
EPS beat(16)11
Avg EPS beat(16)1.94%
Revenue beat(2)0
Avg Revenue beat(2)-1.08%
Min Revenue beat(2)-1.73%
Max Revenue beat(2)-0.44%
Revenue beat(4)2
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.73%
Max Revenue beat(4)0.32%
Revenue beat(8)6
Avg Revenue beat(8)0.35%
Revenue beat(12)8
Avg Revenue beat(12)0.15%
Revenue beat(16)8
Avg Revenue beat(16)-1.48%
PT rev (1m)-10.77%
PT rev (3m)-11.22%
EPS NQ rev (1m)-1.78%
EPS NQ rev (3m)-1.46%
EPS NY rev (1m)0.11%
EPS NY rev (3m)1.37%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)0.46%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 25.37
Fwd PE 22.27
P/S 8.93
P/FCF 25.11
P/OCF 24.24
P/B 4.4
P/tB N/A
EV/EBITDA 19.05
EPS(TTM)17.83
EY3.94%
EPS(NY)20.32
Fwd EY4.49%
FCF(TTM)18.02
FCFY3.98%
OCF(TTM)18.66
OCFY4.13%
SpS50.65
BVpS102.8
TBVpS-71.4
PEG (NY)1.82
PEG (5Y)2.88
Graham Number203.08
Profitability
Industry RankSector Rank
ROA 7.31%
ROE 14.37%
ROCE 12.29%
ROIC 9.58%
ROICexc 9.91%
ROICexgc N/A
OM 42.92%
PM (TTM) 29.16%
GM 70.25%
FCFM 35.58%
ROA(3y)6.01%
ROA(5y)8.68%
ROE(3y)11.22%
ROE(5y)38.28%
ROIC(3y)8.18%
ROIC(5y)12.38%
ROICexc(3y)8.43%
ROICexc(5y)21.25%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.49%
ROCE(5y)15.88%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y17.33%
ROICexc growth 5Y-30.66%
OM growth 3Y3.81%
OM growth 5Y-3.59%
PM growth 3Y0.12%
PM growth 5Y-1.49%
GM growth 3Y1.94%
GM growth 5Y-0.46%
F-Score7
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.4
Debt/EBITDA 1.59
Cap/Depr 16.54%
Cap/Sales 1.27%
Interest Coverage 16.88
Cash Conversion 72.81%
Profit Quality 122%
Current Ratio 0.82
Quick Ratio 0.82
Altman-Z 3.85
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)13.21%
Cap/Depr(5y)13.61%
Cap/Sales(3y)1.1%
Cap/Sales(5y)0.9%
Profit Quality(3y)134.11%
Profit Quality(5y)119.51%
High Growth Momentum
Growth
EPS 1Y (TTM)13.49%
EPS 3Y16.87%
EPS 5Y8.81%
EPS Q2Q%14.06%
EPS Next Y13.94%
EPS Next 2Y12.89%
EPS Next 3Y11.81%
EPS Next 5Y11.9%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y11.11%
Revenue growth 5Y15.56%
Sales Q2Q%9.02%
Revenue Next Year7.59%
Revenue Next 2Y7.48%
Revenue Next 3Y7.34%
Revenue Next 5Y6.96%
EBIT growth 1Y13.88%
EBIT growth 3Y15.34%
EBIT growth 5Y11.41%
EBIT Next Year10.2%
EBIT Next 3Y8.88%
EBIT Next 5Y8.43%
FCF growth 1Y-1.96%
FCF growth 3Y29.47%
FCF growth 5Y9.34%
OCF growth 1Y-0.67%
OCF growth 3Y29.48%
OCF growth 5Y9.64%

S&P GLOBAL INC / SPGI FAQ

Can you provide the ChartMill fundamental rating for S&P GLOBAL INC?

ChartMill assigns a fundamental rating of 5 / 10 to SPGI.


What is the valuation status for SPGI stock?

ChartMill assigns a valuation rating of 3 / 10 to S&P GLOBAL INC (SPGI). This can be considered as Overvalued.


What is the profitability of SPGI stock?

S&P GLOBAL INC (SPGI) has a profitability rating of 7 / 10.


What is the expected EPS growth for S&P GLOBAL INC (SPGI) stock?

The Earnings per Share (EPS) of S&P GLOBAL INC (SPGI) is expected to grow by 13.94% in the next year.


Is the dividend of S&P GLOBAL INC sustainable?

The dividend rating of S&P GLOBAL INC (SPGI) is 5 / 10 and the dividend payout ratio is 26.16%.