Moody's Corp (MCO) is overvalued and S&P Global Inc (SPGI) is slightly overvalued.
Both trade above our estimate of their intrinsic value. SPGI is the closer of the two: -18%, against -63% for MCO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.7% (average of 3 methods) values the shares at $287.91; the price of $469.25 is 63% above that value, and 71% of that value comes from beyond year five.
Leak Score 65/100 on 10 of 12 signals
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $340.56; the price of $402.44 is 18% above that value, and 74% of that value comes from beyond year five.
Leak Score 51/100 on 9 of 12 signals
| Metric | MCO | SPGI |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $469.25 | $402.44 |
| Intrinsic value | $287.91 | $340.56 |
| Margin of safety | -63% | -18% |
| Leak Score | 65/100 (10/12) | 51/100 (9/12) |
| Market cap | $81.3B | $118.6B |
| Revenue growth, 5 years | 7.5% | 15.6% |
| Operating margin | 46.0% | 44.6% |
| Net margin | 34.3% | 30.5% |
| Return on equity | 80.2% | 15.2% |
| Debt to equity | 2.49 | 0.50 |
| P/E | 29.8x | 24.5x |
| Forward P/E | 24.8x | 19.9x |
| P/B | 26.9x | 3.8x |
| Dividend yield | 0.8% | 1.0% |