MSCI Inc (MSCI) 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 -53% for MSCI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $357.60; the price of $548.88 is 53% above that value, and 73% of that value comes from beyond year five.
Leak Score 72/100 on 8 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 | MSCI | SPGI |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $548.88 | $402.44 |
| Intrinsic value | $357.60 | $340.56 |
| Margin of safety | -53% | -18% |
| Leak Score | 72/100 (8/12) | 51/100 (9/12) |
| Market cap | $39.9B | $118.6B |
| Revenue growth, 5 years | 13.1% | 15.6% |
| Operating margin | 55.7% | 44.6% |
| Net margin | 40.7% | 30.5% |
| Return on equity | — | 15.2% |
| Debt to equity | — | 0.50 |
| P/E | 30.0x | 24.5x |
| Forward P/E | 24.4x | 19.9x |
| P/B | — | 3.8x |
| Dividend yield | 1.5% | 1.0% |