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S&P Global Inc. SPGI

NYSE · stock · Services-Consumer Credit Reporting, Collection Agencies · website · IPO 1929-02-14 · LEI

S&P Global Inc. statistics & valuation

Market cap$120.8B
P / E27.0×
P / S7.9×
P / B3.9×
Dividend yield0.97%
Net margin29.2%
Return on equity14.3%
Net debt$11.3B
Net debt / EBITDA1.5×
Enterprise value USD$132.2B
EV / EBITDA17.3×
Earnings yield EBIT/EV4.9%
Return on capital12.1%
Graham number -55.2%$183.76

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($183.76); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
37.20% 24.70% 31.30% 31.70% 31.40% 36.40% 29.00% 21.00% 27.10% 29.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
59.00% 42.60% 44.60% 48.20% 48.60% 50.90% 44.20% 32.20% 39.30% 42.20% 2016201720182019202020212022202320242025
Return on equity (%)
300.40% 195.30% 286.30% 396.10% 409.60% 143.50% 8.90% 7.70% 11.60% 14.30% 2016201720182019202020212022202320242025
Shares outstanding
265.2M 258.9M 253.2M 246.9M 242.1M 241.8M 321.9M 318.9M 311.9M 305.1M 2016201720182019202020212022202320242025
Net debt ($)
$1.17B $393.0M $1.75B $1.08B $2.0M -$2.38B $9.67B $10.17B $9.73B $11.34B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
24.30% 15.90% 20.70% 18.70% 18.70% 20.10% 5.30% 4.30% 6.40% 7.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
5.08× 4.14× 5.35× 7.37× 7.20× 1.95× 0.30× 0.33× 0.34× 0.42× 2016201720182019202020212022202320242025
EPS ($)
$7.94 $5.78 $7.73 $8.60 $9.66 $12.51 $10.20 $8.23 $12.35 $14.66 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

S&P Global Inc. trades at about 28× earnings — below its 10-year norm (10-year range 14.3×–51.5×, median 32.3×).

14.3× 51.5×

Shaded band = 10-year range (14.3×–51.5×); dot = today's 28×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin42.2%39.3%32.2%44.2%50.9%48.6%48.2%44.6%42.6%59.0%
Net margin29.2%27.1%21.0%29.0%36.4%31.4%31.7%31.3%24.7%37.2%
Return on assets7.3%6.4%4.3%5.3%20.1%18.7%18.7%20.7%15.9%24.3%
Return on equity14.3%11.6%7.7%8.9%143.5%409.6%396.1%286.3%195.3%300.4%
Debt / equity0.42×0.34×0.33×0.30×1.95×7.20×7.37×5.35×4.14×5.08×
Current ratio0.820.850.840.942.311.671.521.361.351.41

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.