Rankings Financial data & insurance broking S&P Global
S&P Global
81
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history and peers−7
- Moat−3
- Guidance−3
Strengths
- Insider buying+3
- Estimates+2
- Pricing power+2
How the score is built
From 100 to 81, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 475.17 USD
- Median analyst target
- 525.00 USD
- Upside to median
- +10.5%
- Analysts
- 23
- Target range
- 485.00 – 572.00 USD
- 52-week change
- −2%
- P/E (trailing)
- 28.3
- Forward P/E
- 24.4
- PEG
- 1.94
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−6 of −30
- −3MoatCapital IQ is essentially an interface, and its value falls when AI agents fetch data directly. Market Intelligence is about 30% of revenue ($5.1bn TTM), but the smallest part of profit; Ratings, Indices and Energy have the regulatory and benchmark-based moats.
- −2Quality of growthIn Q2 Ratings grew 17% and Indices 20%, while Energy grew only 2% and Market Intelligence 6%. Growth is carried by the two most market-sensitive businesses (issuance and stock-market levels), not the subscription part.
- −1ROIC and capital allocationROIC is 11.1% vs a WACC of 9.15% (7.3% in 2023, 10.4% in 2025), held down by goodwill from the IHS Markit merger. Now parts of the merger are being unwound: Mobility spun off, upstream software sold to SLB, a Capital IQ spin-off under consideration.
Price
Today's multiples against the company's own history and its peers. · 1 finding−7 of −35
- −7Multiples vs own history and peersForward P/E 21.0 vs 27.1–33.7 in 2021–25; EV/EBITDA 15.8 vs 22.7–26.9; P/FCF 20.9 vs 27.7–43.4; FCF yield 4.8%. The lowest valuation in five years, but still above the market, with 2026 EPS flat after the spin-off and net debt of $11.6bn.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−10 of −35
- −3GuidanceOrganic growth guidance for 2026 in February was below the company's own medium-term targets; the stock fell over 25% peak to trough in February.
- −2ExecutionQ2 profit disappointed, and Market Intelligence was helped by a prepaid 10-year software renewal; management cites longer sales cycles. MI guidance (5.5–7%) was not raised.
- −3Cyclical Ratings earningsRatings (about 31% of revenue) grew 17% in Q2 on high issuance. That creates a high comparison base for 2027 and makes earnings dependent on the credit market.
- −2RestructuringBloomberg reports (1/9) that S&P is considering spinning off Capital IQ (valued at the high end of single-digit $bn), on top of the Mobility spin-off on 1/7, the sale of upstream software to SLB and a split of Market Intelligence into two units. Many simultaneous moves create a risk of lost synergies and execution errors.
Plus
Only documented strengths. · 4 findings+8 of +15
- +3Insider buyingCEO Martina Cheung (about $1.0m, 29/4), Indices head Catherine Clay (about $1.08m, 1/5) and director Robert Moritz ($0.5m, 30/4) bought on the open market; only one small sale ($0.26m) in 12 months.
- +2EstimatesGrowth guidance for Indices raised by 2 percentage points to 12–14% in Q2; pro forma adjusted EPS +23% in the quarter.
- +2Pricing powerThe operating margin has risen from 35.3% (2022) to 43.0% TTM, and the gross margin from 66.4% to 70.9%.
- +1
Caveats
What the score does not capture, or where the data is weak.
Figures before and after the Mobility spin-off (1/7/2026) are not directly comparable: consensus shows −4.6% revenue and flat EPS in 2026 for that reason. Buybacks of over $7bn in 2026 exceed FCF and are partly debt-funded. Bloomberg reports (1/9) that Capital IQ may be spun off. Q3 results 29/10.
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